Timothee Chalamet in Denis Villeneuve’s upcoming “Dune.”
Warner Bros. is currently working on transactions for brand-new remittances to filmmakers and their gangs, based partly on HBO Max streaming fees, according to multiple reports. The copes would “increase the stranges of performance-based bonuses” for box office auctions, Bloomberg reported Saturday. Mythical Entertainment’s “Godzilla vs. Kong, ” is at the heart of the current negotiations, according to The Hollywood Reporter. “I strongly accept the future of cinema will be on the big screen , no matter what any Wall Street dilettante says, ” Denis Villeneuve, conductor of “Dune, ” wrote on Variety in December. Visit Business Insider’s homepage for more legends.
Warner Bros. is agreeing to brand-new pay designs for filmmakers and their crews based in part on HBO Max streaming fees, according to multiple reports.
The studio in December astounded Hollywood by announcing that its entire 2021 line-up “wouldve been” secreted on its HBO Max streaming service. The movies, including “The Matrix 4, ” “Space Jam: A New Legacy, ” and “Dune, ” will thump theaters on the same days as their stream entries.
Now, Warner Bros. is in the process of altering deals with spouses to “guarantee payment regardless of box-office sales and strengthening the stranges of performance-based bonuses, ” Bloomberg reported Saturday.
Those bonuses have traditionally been linked to box office success. The authorities have several movies on Warner Bros.’s 2021 liberate schedule that would have been considered tentpoles if they were released into theaters more traditionally.
Legendary Entertainment’s “Godzilla vs. Kong, ” is at the heart of the negotiations, according to The Hollywood Reporter.
Forbes are of the view that film had a demon fund of about $180 million, while The Hollywood Reporter said it was closer to $200 million. It would be expected to earn more than that if released alone in theaters. It’s a sequel to “Godzilla: King of the Monsters” and “Kong: Skull Island, ” which earned $387 million and $567 million, respectively, in theaters worldwide, according to Box Office Mojo.
Legendary had attempted to sell “Godzilla vs. Kong” to Netflix for $225 million, but Warner Bros. stopped the bargain, according to Forbes. Now, it seems Warner Bros. and Legendary might make a deal.
Under the treat, HBO Max would offer Warner Bros. a reward for the streaming movies, some of which would go to the movies’ production partners, filmmakers, gives and gangs, according to Bloomberg.
The deal would also cut in half the amount in box office auctions that a movie would need to hit before marriages begin making bonuses, according to Bloomberg.
It’s unclear from the reports whether all filmmakers and yield firms to deal with Warner Bros.’s 2021 handouts will agree to the new deal.
“Dune” director Denis Villeneuve, for example, wrote a sarcastic essay in Variety after the HBO Max edict. He said the decision by AT& T, the corporate parent of Warner Bros ., was a “sacrifice.”
“I strongly trust the future of cinema will be on the big screen , no matter what any Wall Street dilettante says, ” Villeneuve wrote.
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