Dr. Ajith Kumar V.V
Warner Bros. has come up with a new plan to compensate filmmakers during the pandemic: treat every movie like a box-office smash. After shocking Hollywood with its decision to release all its new movies this year on HBO Max, the studio has adjusted terms of its deals with partners to guarantee payment regardless of box-office sales and to increase the odds of performance-based bonuses. Warner Bros will also pay a larger group of cast and crew money based on fees it collects from HBO Max, according to people with knowledge of the studio’s plans. The company is close to resolving disputes with many parties, said the people, who asked not to be identified because the discussions are private. Details of some accords have already begun to surface, with the Hollywood Reporter saying this week that Warner Bros. is close to a deal with Legendary Entertainment over the movie “Godzilla vs. Kong.”
Source: Warner Bros. Guarantees Filmmakers a Payday for HBO Max Movies - Bloomberg