When movies switch to streaming, stars lose money.
The original A quiet place made $ 341 million worldwide and was a huge success. People were incredibly excited for such a high-octane movie, and they hummed even more when the sequel was announced.
But COVID has postponed the film from last year to this year, and it was recently announced that Paramount has cut the film’s exclusive theatrical release in half (from 90 days to just 45 days) and is slated to release May 28th, which means that many movie theaters will be underutilized.
The film will then be sent directly to Paramount +, the company’s streaming platform, which they hope will attract more subscribers by hosting the film.
That will no doubt hinder the box office as far as anyone who gets paid on the backend is concerned.
Well, star / director John Krasinski and star Emily Blunt aren’t happy with Paramount. They are supposed to be paid on a sales receipt basis and it is bad news for them to reduce the film’s release in theaters. And then when the project is streamed, people aren’t encouraged to go to the box office.
According to Bloomberg“Representatives of the couple along with other producers involved in the box office performance of the film, including filmmaker Michael Bay, have approached Paramount for compensation.” But the studio doesn’t seem to be very cooperative.
When studios move titles into streamers quickly, the consequences are many. We saw that WB has to pay for that Wonder woman Team up to HBO Max for the title, and there were rumors that the other films they postponed really upset filmmakers.
Obviously there are new payouts that need to be made or built into contracts. pay for A quiet place 3 just got more expensive if they want Blunt and Krasinski as part of the package. Why sign up if there isn’t a lot of money upfront?
And when actors and agents negotiate their next projects with the studio, they need to find ways to make them worthwhile and get them paid.
Let us know what you think in the comments.