PDT 2/6/4/1 11:56 AM
According to sources, Rian Johnson, Ram Bergman and Daniel Craig each walked away for more than $100 million.
Just over a year ago, it looked like an open and closed case.
Lionsgate CEO Jon Feltheimer said on a quarterly earnings conference call in February 2020 that the company is officially moving forward Knife out, Starring Daniel Craig, directed and produced by Rian Johnson, a stunning box office and smash hit movie.
But on March 31
The key points of the transaction are worth noting: The source told reporters that the agreement gave Johnson a huge amount of control. Hollywood Reporter. He doesn’t have to take notes from the ribbon. The only unexpected situation is that Craig must star in the sequel, and everyone must have at least the budget for the 2019 movie, which is around $40 million. According to sources, Johnson, Bergman and Craig are worth more than $100 million each.
The other company that missed the sequel was MRC, a production company based in Beverly Hills that provided funding for the first film. (MRC is also Human Resources Department According to sources, MRC has entered into a film deal with filmmaker and producer Johnson and Bergman, the latter known for its critically acclaimed one-off thriller with a limited budget. brick with Curved needle Before they make Star Wars: The Last Jedi. An MRC representative said that the company is “proud” of its first partnership with Johnson and Bergman Knife out He also pointed out that the two “have been in control of the franchise.” (MRC is a minority investor in T-Street, but it will not share the windfall of the new transaction because its shares in the production company occur in Knife out The production has been completed, so the movie has no content. )
The source pointed out that Lionsgate has solid trading rights. In this transaction, the company has the first right to negotiate and the final right to refuse. This is all part of the negotiating safety net, and the company usually uses this to protect itself from loss. Violation of the project. (Lionsgate and CAA declined to comment.) Johnson and Bergman are considered important supporters of the dramatic experience.
But that was before the pandemic, when the theater suddenly came down and the back end did not exist. In January, with the arrival of the influenza pandemic and the expected start of summer production of the sequel, Johnson and Bergman questioned the feasibility of theater screenings in the near future. CAA started buying this deal, and streamers like Netflix lashed out. Under normal circumstances, MRC and Lionsgate, which may have obtained the project, cannot compete. An insider said: “This has become a perfect storm.” “This will not happen a year ago.”
For Netflix, despite the high price, the deal makes sense on several levels. The sequel to the film received an instant and verified franchise, and the sequel to the film earned $311 million in box office worldwide. And it may weaken the strength of drama competitors.
A streaming media executive familiar with the deal said: “Yes, the money is too high, but Netflix is playing chess, and everyone else is playing checkers.” Take the board off and put it in their pockets. This is another way for them to re-educate their audience, reminding them of the streaming media above the studio and their company.”
For others, this deal shows that the sought-after talent is enjoying leverage at this time due to competition from the ribbon. “If you are talented now and want to bet on yourself, that would be a good time.”
A version of this story appeared in the “Hollywood Reporter” magazine on April 7. Click here to subscribe.