Tweet
I just had to share this load of bs with you guys. I wonder if Magnus pulls the same tricks.
http://anonym.to/?http://www.slashfilm. ... -a-profit/
Basically Big studios set up "corporations" for each movie, specifically designed to "lose money," often by paying money back to the studio itself. Basically, the studio sets up this "company," but then charges the company a huge "fee," such that the company itself rarely, if ever, becomes profitable.
If you adjust for inflation, Jedi is the 15th highest grossing films of all time. In other words, the movie has made a ton of money. But somehow, amazingly, Lucasfilm is still able to claim that it lost money.
So if you have a net profit contract with a studio you are pretty much screwed.
LucasFilm Tells Darth Vader that Return of the Jedi Hasn’t Made a Profit!?
During an interview with Equity Magazine, David Prowse, the actor who played (but didn’t voice) Darth Vader in the original Star Wars trilogy, claims that LucasFilm has yet to pay him any residual payments on Return of the Jedi because the the film has yet to make a profit.
Of course, Return of the Jedi has grossed over $572 million worldwide, which includes an estimated $88 million when the film was re-released in 1997. So how is it possible that the film has yet to make a profit? Prowse really can’t be serious, can he?
.............
In short, if you have net participation on a film that has grossed hundreds of millions, you may get some dough, but you’ll have to sue to get it.
During an interview with Equity Magazine, David Prowse, the actor who played (but didn’t voice) Darth Vader in the original Star Wars trilogy, claims that LucasFilm has yet to pay him any residual payments on Return of the Jedi because the the film has yet to make a profit.
Of course, Return of the Jedi has grossed over $572 million worldwide, which includes an estimated $88 million when the film was re-released in 1997. So how is it possible that the film has yet to make a profit? Prowse really can’t be serious, can he?
.............
In short, if you have net participation on a film that has grossed hundreds of millions, you may get some dough, but you’ll have to sue to get it.
Basically Big studios set up "corporations" for each movie, specifically designed to "lose money," often by paying money back to the studio itself. Basically, the studio sets up this "company," but then charges the company a huge "fee," such that the company itself rarely, if ever, becomes profitable.
If you adjust for inflation, Jedi is the 15th highest grossing films of all time. In other words, the movie has made a ton of money. But somehow, amazingly, Lucasfilm is still able to claim that it lost money.
So if you have a net profit contract with a studio you are pretty much screwed.
Comment