Fairness Rocks News How Film Producers Became the New Expendables: “There’s Panic and Confusion”


Fairness Rocks News How Film Producers Became the New Expendables: “There’s Panic and Confusion”

Home Industry News How Film Producers Became the New Expendables: “There’s Panic and Confusion”

Author: Tatiana Siegel & Borys Kit

Date: August 15, 2019

Original Source: Hollywood Reporter

Industry News

How Film Producers Became the New Expendables: “There’s Panic and Confusion”

In March, Amy Pascal was scrambling. The producer’s overall deal at Sony Pictures — greenlit by the studio’s former chairman and chief executive Michael Lynton — was set to expire in three months, and there was little chance that current film chairman Tom Rothman would renew a 4-year-old arrangement that saw Pascal earning significant backend compensation on movies she produced. The deal had led to a $10 million windfall on 2018’s Spider-Man spin­off Venom, according to multiple sources, and with two guaranteed release slots every year, Pascal essentially was guaranteed an eight-figure income for her services. Even more disconcerting for the Sony film chair turned producer, there was little appetite elsewhere for a similar contract.

Read more: https://www.hollywoodreporter.com/features/why-hollywood-studio-film-producer-deals-are-disappearing-1231089