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July 5th, 2013, 11:42 AM
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#1 |
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Regular Crew
Join Date: Feb 2008
Location: Pickerington, Ohio
Posts: 73
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Million Dollar Deal
Here's a little video blog on what happens with a million dollar movie deal
[video=youtube;JLwk8iIqwz4]http://www.youtube.com/watch?v=JLwk8iIqwz4[/video] |
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July 5th, 2013, 06:12 PM
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#2 |
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Major Player
Join Date: Dec 2006
Location: Gilroy, CA
Posts: 398
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Re: Million Dollar Deal
Am I missing something? Blair Witch Project grossed over $200m, why would the investors/producers be paid from the $1m sale price of the film rather than from the net proceeds.
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July 6th, 2013, 08:15 PM
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#3 |
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Regular Crew
Join Date: Feb 2008
Location: Pickerington, Ohio
Posts: 73
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Re: Million Dollar Deal
That was never in their contract. The investors made a huge percentage off of their initial capital, so they got nothing to complain about. How many investments put up $35,000 cash and payout $470,000? That's a 12 to 1 payout.
The producers only got points after it grossed over $50 million. The actors were not contractually obligated to get anything past their original salaries, but the producers gave them a lot of money out of generosity. |
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