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In reference to the ongoing threat of coronavirus, Disney has ultimately decided to release several major movies simultaneously in theaters and on Disney+ Premier Access. Strategy in May “CruellaThe movie starring Emma Stone, which grossed $221 million worldwide. (Disney has kept Disney+ revenue for “Cruella” a secret.) On Friday, Disney will do the same for “Cruella.”Forest trip” is a comedy adventure starring Emily Blunt and Dwayne Johnson. It is unknown whether Ms. Stone, Ms. Blunt or Mr. Johnson renegotiated their contracts with Disney as a result of this.
Daily Business Briefing
In December, WarnerMedia announced that more than a dozen Warner Bros. kicked off a hornet’s nest by announcing that every one of his movies (the studio’s full 2021 roster) will hit theaters and on HBO Max. The decision sparked an outcry over the loss of box office compensation from big stars and their agents, forcing Warner Bros. to make new deals. He eventually paid nearly $200 million to curb the rebellion.
The deeper question is: What if old-fashioned studios are no longer trying to maximize the box office for each movie, but instead move to a hybrid model where success is judged partly by ticket sales and partly by the number of streaming subscriptions sold? does that mean how the stars are paid and where they shoot their movies?
The traditional model that studios have used for decades to secure high-profile movie deals involves paying small fees upfront and then sharing a portion of the proceeds from ticket sales. The bigger the hit, the bigger the “back-end” paydays for certain actors, directors, and producers.
Streaming giants have done it differently. They pay more upfront rather than any back-end payments giving them full control over their future income – often much more. This means that people get paid as if their projects were hits before they were released (or even made).
Ms. Johansson’s lawsuit directly targeted Disney’s CEO Bob Chapek and Disney’s president Robert A. Iger by citing stock grants awarded to them as a reward for founding Disney+, which has more than 100 million subscribers worldwide. . “Disney’s financial disclosures make it clear that the Disney executives orchestrating this strategy will personally and personally benefit from Disney’s misconduct,” the complaint said.
According to the lawsuit, Ms. Johansson’s representatives have approached Disney and Marvel in recent months with a request to renegotiate her contract. “Disney and Marvel have largely ignored Ms. Johansson,” the lawsuit said.
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