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Hollywood accounting

The latest example of shady Hollywood accounting has come to light.

Bohemian Rhapsody, which cost $55 million to make, and grossed $911 million is, according to Twentieth Century Fox Film Corporation, still $51 million in the red, resulting in a screenwriter who had a profit share deal still not having seen a cent of profit.

Where's Tony Soprano when you need him?

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by Anonymousreply 15November 20, 2021 1:13 PM

Lots of money laundering.

by Anonymousreply 1November 19, 2021 3:39 AM

They call them back-end deals for a reason. You're gonna get fucked hard and dry.

by Anonymousreply 2November 19, 2021 3:41 AM

This also happened to Winston Groom, the guy who wrote the Forrest Gump novel. He was cheated out of a 3% prophet share of the film.

by Anonymousreply 3November 19, 2021 4:50 AM

Moi aussi, r3.

by Anonymousreply 4November 19, 2021 6:44 AM

Bryan Singer made 40 million from Bohemian Rhapsody....Fuck anyone who worked with him--including the screen writer.....SICK....

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by Anonymousreply 5November 19, 2021 6:47 AM

I got my money, and that's all that matters....

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by Anonymousreply 6November 19, 2021 6:51 AM

There have always been two sets of books in Hollywood. When Tom Hanks was offered a generous percentage of a film's profits in an executive meeting, he famously quipped "How about you give me 2 percent of the gross profits you decide to print in Variety two weeks after opening instead??" He knew the bullshit. And I imagine has made a pretty penny skirting around the creative accounting. The 'Bohemian Rhapsody' debacle is just the tip of the iceberg. The fact Queen themselves has yet to see any profit participation is beyond ludicrous.

by Anonymousreply 7November 19, 2021 6:53 AM

The surviving members of Queen don't need the money, but I get your point R7

by Anonymousreply 8November 20, 2021 5:03 AM

Neither does estate of late Freddie Mercury, but never the less....

by Anonymousreply 9November 20, 2021 5:10 AM

The band is apparently getting like 200k a week from this movies success since 2018, apart from the 40 million they already made from the movie. Not surprising.

by Anonymousreply 10November 20, 2021 5:16 AM

"Piracy is not a victimless crime".

by Anonymousreply 11November 20, 2021 5:18 AM

Hollywood entertainment is not a victimless crime.

by Anonymousreply 12November 20, 2021 12:29 PM

What about the screenwriter's agent and the union? It looks like they were the ones being negligent to miss the contractual fine print. Or they were in the cahoots with the other party. Which wouldn't be all too surprising. Are they joining the law suit? Or are they sued by the screen writer as well?

by Anonymousreply 13November 20, 2021 12:59 PM

R13 That’s what I don’t understand. Why wasn’t the screenwriters deal hammered out by an agent and or attorney who knew every crooked deal in the book and who knew how to protect against it.

by Anonymousreply 14November 20, 2021 1:07 PM

It depends if his deal was "after accounting" or "on dollar one." Most savvy agents will negotiate on dollar one for their big stars or a sliding bonus scale. Say the movie makes 100 million you get a 1 million dollar bonus, 200 million 2 million, etc. I think that is how a lot of Marvel Actors got paid.

by Anonymousreply 15November 20, 2021 1:13 PM
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