Wikipedia

First-dollar gross

First-dollar grossis a practice infilmmakingin which a participant receives a percentage of the grossbox-officerevenue,starting from a film's first day ofrelease.[1][2]The participant begins sharing in the revenue from the first ticket sale, not waiting until thefilm studioturns a profit.[3]It is afilm financeanddistributionterm used primarily in theUnited Statesfilm industry.[4]InFrance,as of September 2003, one condition for filmmakers to getgovernment supportis that money must be reimbursed on the first-dollar gross basis.[5]First-dollar gross has become a rare arrangement,[6][7]and compensation has increasingly shifted away from first-dollar gross to back-end compensation.[8]Some contracts define "first dollar" as a net figure after certain expense deductions rather than a true distributor's gross.[9]

Examples

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ForInception,DiCapriochose to forgo his normal rate in favor of first-dollar gross.[10]

If a film does well, a first-dollar gross arrangement can be very lucrative for the participant.[11]Natalie Woodtook 10 percent of the first-dollar gross onBob & Carol & Ted & Alice,which according toFreddie Fieldsearned her more money than she did on any other movie.[12]Cameron Diaznegotiated first-dollar gross onBad Teacher,and netted $42 million.[13]Sandra Bullockmade more from her 15 percent first-dollar gross deal onGravitythan from her upfront pay of $20 million.[14]In his heyday,Arnold Schwarzeneggerreceived 25 percent first-dollar gross.[15]

WhenWarner Bros.thoughtInceptionwas a risky investment,Leonardo DiCaprioagreed to cut his then-normal $20 million salary to a minimal salary with a first-dollar gross to make the film, which eventually paid him $50 million.[10]Tom HanksandSteven Spielbergshared a 40 percent first-dollar gross onSaving Private Ryan.[16]Some other filmmakers known to have made first-dollar gross deals areTyler Perry,[17]Eli Roth,[18]Clint Eastwood,[8]Quentin Tarantino,[19]Christopher Nolan,[20]actorTom Cruise,[21]and film producerJason Blum.[22]Many actors had earned $100 million later, after an initial payment.[23]For example, Tom Cruise was paid between $12–14 million for his performance inTop Gun: Maverick,which was revised to over $100 million after his share of the film's box office gross.[24]

See also

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References

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  1. ^Kelly, Kate; Marr, Merissa (13 January 2006)."Sweetheart Star Deals Go Sour".The Wall Street Journal.Retrieved30 March2019.
  2. ^Weinstein, Mark I. (13 August 1998)."Guide to Deal Structures"(PDF).University of Southern California.p. 4.Retrieved30 March2019.
  3. ^Cieply, Michael(3 March 2010)."For Movie Stars, the Big Money Is Now Deferred".The New York Times.Retrieved30 March2019.
  4. ^"first dollar / first dollar gross - Lexikon der Filmbegriffe".University of Kiel(in German). 2 August 2011.Retrieved30 March2019.
  5. ^"House of Commons - Culture, Media and Sport - Sixth Report".Parliament of the United Kingdom.18 September 2003.Retrieved30 March2019.
  6. ^Cones, John W. (1997).The Feature Film Distribution Deal: A Critical Analysis of the Single Most Important Film Industry Agreement.Southern Illinois University Press.p. 31.ISBN978-0-8093-2081-3.
  7. ^Goldstein, Patrick;Rainey, James (3 August 2009)."Hollywood gets tough on talent: $20-million movie salaries go down the tubes".Los Angeles Times.Retrieved30 March2019.
  8. ^abVogel, Harold L. (2011).Entertainment Industry Economics: A Guide for Financial Analysis.Cambridge University Press.p. 228.ISBN978-1-107-00309-5.
  9. ^Kroon, Richard W. (2010).A/V A to Z: An Encyclopedic Dictionary of Media, Entertainment and Other Audiovisual Terms.McFarland & Company.p. 280.ISBN978-0-7864-4405-2.
  10. ^abBacardi, Francesca (22 January 2014)."Jonah Hill Was Paid $60,000 for 'Wolf of Wall Street'".Variety.Retrieved30 March2019.
  11. ^Cieply, Michael(11 November 2007)."Hollywood strike underlines bleak outlook for movie business".The New York Times.Retrieved30 March2019.
  12. ^Welkos, Robert W. (15 December 2007)."Freddie Fields, 84, talent agent to stars".The Boston Globe.Retrieved30 March2019.
  13. ^Fisher, Luchina (18 October 2013)."Role Reversal: Actresses Over 40 Top Hollywood".ABC News.Retrieved30 March2019.
  14. ^"Hollywood's biggest paydays".The Daily Telegraph.Retrieved30 March2019.
  15. ^Finke, Nikki(29 April 2011)."Arnold's Payday: $10 Million Plus 25% First Dollar Gross For Schwarzenegger's Next Film".Deadline Hollywood.Retrieved30 March2019.
  16. ^Bart, Peter(17 January 1999)."Movie Math: A Study in Profit and Gloss".The Washington Post.Retrieved30 March2019.
  17. ^Fernandez, Jay A. (11 September 2008)."Film mogul Tyler Perry takes his biggest risk".Philadelphia Media Network.Retrieved30 March2019.
  18. ^Ago, Alessandro (2009)."SCA Alumni Screening Series: INGLOURIOUS BASTERDS".USC School of Cinematic Arts.Retrieved30 March2019.
  19. ^Kit, Borys (18 November 2017)."How Sony Nabbed Quentin Tarantino's Manson Movie".The Hollywood Reporter.Retrieved30 March2019.
  20. ^D'Alessandro, Anthony (16 May 2020)."Is 'Tenet' Still Sticking On Its July 17 Release Date?".Deadline.Retrieved16 May2020.
  21. ^Fleming, Michael (13 June 2008)."Hollywood all grossed out".Variety.Retrieved30 March2019.
  22. ^Masters, Kim (27 February 2014)."Jason Blum's Crowded Movie Morgue: Downside of a Microbudget Empire".The Hollywood Reporter.Retrieved30 March2019.
  23. ^"Actors Who Made over $100 Million from One Movie".7 May 2023.
  24. ^"Tom Cruise will reportedly get at least $100 million for 'Top Gun: Maverick' — one of the biggest paydays for an actor ever".

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