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2022 saw the release of several hit movies, especially those in the superhero genre:Doctor Strange in the Multiverse of MadnessandThe Batmancomes to mind.Everything Everywhere All At Onceswept records and awards left and right whileTop Gun: Maverickbrought back a favorite franchise for the fans. The movies performed spectacularly well at the box office and raked in millions, withTop Gunmaking about $1.4 billion alone.
Paramount Pictures finally lived up to its own lofty standards after almost a decade in 2022. The release ofTop Gun: MaverickandThe Lost City, among others, did remarkably well for the studio, withTop Gungoing on to be the 2nd highest-grosser for the year. The gigantic amounts raked in by the studio on the backs of these movies did not end up pleasing everyone, however, as it seems.
Tom Cruise, Sandra Bullock say Paramount is costing them millions
Cable channel Epix seems to have ruffled quite a few feathers with some industry heavyweights on the back of a deal with Paramount. Movie stars, directors, and producers normally get a healthy cut of the profits from the studio, besides from digital sales and third-party licenses. The deal Epix has with Paramount has allegedly resulted in Paramount getting lesser funds from the cable company, and in turn, lesser money is being paid out to the stars and talent who worked for the movies.
Know More:Paramount Slapped With $100M Sexual Abuse Lawsuit by ‘Romeo & Juliet’ Stars
Hollywood megastarsTom Cruise, who starred inTop Gun, andSandra Bullock, who starred inThe Lost City, were among those peeved at having lost millions of dollars due to the deal. A superhit likeTop Gunwould have brought in tens of millions, whileThe Lost Citywould also have raked in millions of its own. Representatives of the actors have met with the studio to ask for extra money for the same.
What Tom Cruise and Sandra Bullock are facing has happened before too
No lawsuits have been threatened yet, but lawyers are steadily assessing the options at hand for both parties. With the studio also receiving less money, it is tough for the stars’ representatives to press the studio itself hard. Guilds also earn money from these deals, and they have also lost out on potential earnings due to the Epix deal.
Read More:Despite Top Gun: Maverick Success, Tom Cruise May Be About to Sue Paramount for Making Him Lose Millions of Dollars for New Epix Deal
This is not entirely new in the industry. Studios have earlier disguised profits by over-estimating costs, much to the chagrin of lawyers and profit participants in the movies. While this might not be the case here, one is reminded of AMC Networks INC. having to pay $200 million to one of the creators ofThe Walking Dead (2010), while Fox Studio had settled a multimillion-dollar deal with the participants ofBones (2005), all within the last decade.
Source:Live Mint
Articles Published :119
Just someone who doesn’t like to sit on his laurels, Arka has been trying to do his potential justice and looking for a bit of luck to side with him. He hopes that someday he won’t be needing that bit of luck, and works hard for the same.
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Sandra BullockTom Cruise
