Marvel Studio Open House
Marvel Studios has begun exploring new talent deals to provide relief in situations where epidemics or other factors lead studios to bypass theaters and take movies straight to Disney +, The Warp has learned.
Under the language of the New Testament, top talent such as actors, writers, directors and producers will receive systematic compensation depending on whether the film starts in theaters or debuts on the Disney + streaming service, according to the interior with knowledge of the situation. . The Marvel Blockbuster typically pays a key talent backend bonus based on a film’s talent or office fee performance, which can be significant for MCU films.
The terms of the new contract only affect Marvel Movies, which is entering production, starting with “Black Panther 2”, which will begin shooting in June 2021, Insider said.
A Marvel representative declined to comment on the story.
Also read: Agents, Studios Promote 2-Track Deals as More Movies Leave for Streaming
It is unclear whether the new agreement will also apply to Disney’s non-Marvel projects, whether deals are being renewed for full-length movies such as the “Black Widow” starring Scarlett Johansson, which still aims to open in theaters in 2021. An insider hinted that the studio was pursuing side-letter deals with top talent in films already wrapped up in production. The CAA, which represents Johansson, declined to comment when asked if the actress is doing this kind of thing instead. A Disney representative also did not comment.
Insiders of the studio have made it clear that everyone involved will prefer to release Marvel films only in theaters as the traditional distribution has proven to be the most profitable for both the studio and top talent over the years. The MCU series has emerged as the highest-grossing film franchise, with worldwide box office revenues.622.6 billion.
But the epidemic has pushed performances further because movie theaters are closed or limited because millions of people choose to stay at home rather than risk infection. And with the possibility that it could be more than half by 2021 before the widespread distribution of the COVID-19 vaccine in UVs, the studio has been forced to make contingency plans.
Also read: Which Hollywood players go bad when films leave theaters for streaming?
According to two insiders, Marvel began to consider the possibility of updating the talent deal before Werner Bros. ‘Earthquake’ has announced that it will release its 2021 in all 17 release theaters simultaneously and on HBO Max – a move that is expected to depress box office fee revenue (and backed deals for top talent).
Marvel Studios has a busy slate with Scarlett Johansson’s “Black Widow” arriving in theaters on May 7, 2021 next year, “Shang Chi and The Legend of the Ten Rings” will open on July 9, 2021, “Infinity , Chloe Zhao directed now Nov. 5, will open on December 2021, and the third installment of the Tom Holland “Spider-Man” franchise, “Untitled Tom Holland Spider-Man 3” is scheduled for December 17, 2021.
