I've been told a number of times, by professors and tv personalities, that most films are a financial loss to the studios. This includes popular and iconic titles like Top Gun, Harry Potter, and The Lord of the Rings. Often, the costs of special effects, talent and marketing are too high. But now, after reading about 'Hollywood Accounting, I'm not so sure that I trust their numbers. Here's why. Just think of every movie as a company- a company created for the sole purpose of losing money on the production and release of the film. And, to pay its own fees to the studio for each theater showing and rebroadcast of the movie.
So, just to be sure, if you're ever negotiating a share of royalties, remember to specify gross profits to the studio rather than net from the movie.
I didn't even know there was a sequel to Forrest Gump! What's it about? What's the conflict? I'm excited! I just bought a copy, and I can't wait to read it!
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