New James Bond movie postponed until November 2020
James Bond move postponed
As theaters and studios struggle amid the coronavirus pandemic, celebrities are still getting major paydays to helm big pictures.
As Hollywood adjusts its way of thinking in light of the rise of streaming, the once reliable metric of success, the theatrical box office, is now taking a back seat to things like the number of views on platforms like Netflix and HBO Max as well as how many subscribers a film like "Suicide Squad" can bring in.
As priorities shift, so too do contract negotiations for celebrities to bring their star power to movies. According to a new report from Variety, some stars still get the standard $20 million deal to star in a Hollywood picture. Sandra Bullock, Brad Pitt and Chris Hemsworth hit that benchmark for upcoming movies like "The Lost City of D," "Bullet Train" and "Thor: Love and Thunder" respectively.
However, now that places like Netflix can’t factor in bonuses to actors for films hitting theatrical benchmarks, the initial upfront salaries paid to stars like Daniel Craig and Dwayne "The Rock" Johnson are getting inflated to make up for it.
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The outlet reports that Craig, for example, is getting a massive payday of $100 million to appear in the two upcoming sequels to Rain Johnson’s "Knives Out." The reason is that Netflix has agreed to pay him and other stars for the projected back-end box office participation they would have gotten if the film released exclusively in theaters. In Craig’s case, the streaming giant also had to factor in the salary bumps he would have received for signing on to a second and third movie in a franchise.