According to the Bloomberg piece, a person who is entitled to a bonus will receive half of the cash income it is normally necessary to make a payout. And as more theaters close, the threshold will drop further – a provision called the ‘Covid-19 multiplier’. ‘
“Those who would normally participate in profits from cash receipts will continue to do so, and also benefit from on-demand and online sales.”
Participants in cast, crew and profits will be paid out of the amount HBO Max donates to Warner Bros. will pay for a particular movie’s 31-day window ‘.
This new payout structure may work to satisfy financial grips, but it is unlikely to convince the creative objections raised by directors such as Christopher Nolan and Denis’s Denis Villeneuve, as the latter’s Warner Bros. accused of ‘no love of cinema’ and previously called HBO Max ‘the worst streaming service’.
Right now, according to THR, Legendary’s Godzilla vs. Kong, which will appear on HBO Max and in theaters on May 21, is at the heart of current negotiations.
According to Forbes, Warner Bros. recently blocked a deal that would allow Legendary to sell the film to Netflix for $ 225 million, before announcing that the studio’s 2021 film was on its way to HBO Max.In other streaming news, Marvel’s Moon Knight series, which airs on Disney +, has just added two directors, while Roku officially acquired Quibi’s library of content less than three months after the bite-sized entertainment streaming service was downloaded.