Just a week after two Knives Out sequels were announced on Netflix, new details reveal just how lucrative the deal really is.
The deal was quite a surprise, as it was believed that Lionsgate intended to distribute the sequels as they did with the original 2019 thriller.
New details about the deal have surfaced through a new report from The Hollywood Reporter revealing that returning star Daniel Craig, writer-director Rian Johnson and producer Ram Bergman would walk away with $ 100 million each.
Lucrative: Just a week after two Knives Out sequels were announced on Netflix, new details reveal just how lucrative the deal really is
Producer and Director: New details about the deal have emerged via a new report from The Hollywood Reporter, revealing that returning star Daniel Craig, writer-director Rian Johnson (right) and producer Ram Bergman (left) will each be earning $ 100 million would walk away.
Originally believed to be worth more than $ 450 million, THR is now confirming its value at $ 469 million.
The report also reveals that the deal has given Johnson, who will both write the script and direct the sequels, “ immense creative control. ”
The director doesn’t have to take notes from the streaming service, with the only contingency being that Craig will have to star in both films and return as Detective Benoit Blanc, and they should at least have the first film’s budgets, said at $ 40 million to be.
Massive Creative Control: The report also reveals that the deal has given Johnson, who will both write the script and direct the sequels, “ immense creative control. ”
When all is said and done, Craig, Johnson and Bergman are poised to walk away with $ 100 million each, although no further details on their deals were given.
Both Johnson and Bergman themselves retained full rights to the Knives Out franchise, with their company T-Street entering into a one-movie deal with Media Rights Capital to fund the first Knives Out.
An MRC representative said the company was “proud” of partnering with Johnson and Bergman for Knives Out, adding that they “always had control over the rights” to the franchise. ‘
Big deal: When all is said and done, Craig, Johnson and Bergman are poised to walk away with $ 100 million each, although no further details on their deals were given
Full Rights: Both Johnson and Bergman themselves retained full rights to the Knives Out franchise, with their company T-Street negotiating a one-movie deal with Media Rights Capital to fund the first Knives Out.
While both Johnson and Bergman are said to be big believers in the theatrical experience, that was before the COVID-19 pandemic happened.
Johnson and Bergman had hoped to begin production this summer, and, questioning the viability of a theatrical experience during the pandemic, bought the sequel to streamers, with Netflix getting a few sequels.
A source stressed that the theatrical experience of the pandemic’s dubious viability turned into a ‘perfect storm’, with an insider insisting, ‘This wouldn’t have happened a year ago.’
Perfect Storm: A source highlighted the dubious viability of the theatrical experience with the pandemic turned into a ‘perfect storm’, with an insider insisting, ‘This wouldn’t have happened a year ago’
The original Knives Out made $ 311 million worldwide on a budget of just $ 40 million, and while sources admit Netflix “ paid too much ” for the franchise, it’s worth it.
“Yes, it pays too much, but Netflix plays chess while everyone else is playing checkers,” said another source.
‘It takes a proven theatrical product off the board and puts it in their pocket. And it’s another way they are re-teaching audiences to think about streaming and their business over a studio, ‘the source added.
Original: The original Knives Out made $ 311 million worldwide on a budget of just $ 40 million, and while sources admit Netflix was ‘overpaid’ for the franchise, it’s worth it