Just a week after two Knives Out sequels were announced on Netflix, new details show how profitable the deal really is.
The deal came as quite a surprise, as it was believed that Lionsgate intended to distribute the sequels as with the original 2019 thriller.
New details surfaced about the deal through a new report by The Hollywood Reporter, in which star Daniel Craig, writer-director Rian Johnson and producer Ram Bergman would each walk away with $ 100 million each.
Lucrative: Just a week after two Knives Out sequels were announced on Netflix, new details reveal how profitable the deal really is
Producer and director: New details emerged about the deal through a new report by The Hollywood Reporter, which reveals that star Daniel Craig, writer-director Rian Johnson (right) and producer Ram Bergman (left) each with $ 100 million each would walk away.
It was originally believed that the deal was worth more than $ 450 million, and THR now confirms that it is worth $ 469 million.
The report also reveals that Johnson, who will both write the screenplay and give the follow-up director, gives enormous creative control.
The director does not have to take any notes from the streaming service, and the only contingencies are that Craig has to star in both films, and as a detective Benoit Blanc must return, and they must at least have the budgets of the first film. $ 40 million.
Great creative control: The report also reveals that the deal gives Johnson, who will both write the screenplay and direct the sequels, ‘great creative control’.
If all goes well, Craig, Johnson and Bergman are ready to walk away with $ 100 million each, although no further details are given about their transactions.
Both Johnson and Bergman themselves retained full rights to the Knives Out franchise, with their company T-Street signing a one-film deal with Media Rights Capital to finance the first Knives Out.
An MRC representative said the company was’ proud ‘of working with Johnson and Bergman for Knives Out, adding that they’ always controlled the rights to the franchise. ‘
Big deal: Craig, Johnson and Bergman are ready to leave everything with $ 100 million, although no further details are given about their transactions.
Full rights: Both Johnson and Bergman retained full rights to the Knives Out franchise, with their company T-Street entering into a one-film deal with Media Rights Capital to finance the first Knives Out.
While both Johnson and Bergman believe they believe the theater experience, that was before the COVID-19 pandemic occurred.
Johnson and Bergman had hoped to begin production this summer, and when they questioned the viability of a theatrical experience amid the pandemic, they bought the sequel on streamers, with Netflix delivering a few sequels.
A source stressed that the dubious viability of the theater experience with the pandemic had become a ‘perfect storm’, with an insider stressing: ‘It would not have happened a year ago’.
Perfect Storm: A source stressed that the dubious viability of the theatrical experience with the pandemic had become a ‘perfect storm’, with an insider emphasizing: ‘It would not have happened a year ago’
The original Knives Out earned $ 311 million worldwide with just a budget of $ 40 million, and while sources acknowledge that Netflix is ’overpaid’ for the franchise, it’s worth it.
“Yes, it’s overpaid, but Netflix plays chess while everyone else plays checkers,” said another source.
‘It takes a proven theatrical product off the board and stuffs it in their pocket. “It’s another way of educating the audience to think of streaming and their business above a studio, ‘the source said.
Original: The original Knives Out earned $ 311 million worldwide with only a $ 40 million budget, and while sources acknowledge that Netflix ‘paid too much’ for the franchise, it’s worth it