Tuesday, December 20, 2016

Hollywood, The Greast Money Scam Of Them All

For each new film, a movie is set up as its own corporation, the entire point of which is to lose money. This is so actors, writers, and other individuals who are promised a share of the profits actually earn nothing since the movie, as a corporation, technically lost money. (article)

This happened to the guy who wrote Forrest Gump (the novel). He was promised a share of the profits of the film, but got nothing other than his $350,000 licensing fee because the film (which grossed $700 million on a budget of $55 million) “lost money”.

Years later, supposedly, he was approached by Paramount Pictures to license his sequel to his novel, but he declined, snarkily saying “I don’t understand why you’d want to make a sequel to a movie that didn’t make any money.

(CavemanCircus.com)

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