Just a week after announcing two sequels to Knives Out on Netflix, new details reveal how lucrative the deal is.
The deal came as a surprise, as it was believed that Lionsgate planned to distribute the sequels as they did with the original 2019 thriller.
New details of the deal have surfaced through a new report from The Hollywood Reporter, which reveals that returning star Daniel Craig, writer-director Rian Johnson and producer Ram Bergman would retire with $ 100 million each.
Lucrative: Just a week after announcing two sequels to Knives Out on Netflix, new details reveal how lucrative the deal really is
Producer and director: New details have emerged about the deal through a new report from The Hollywood Reporter, which reveals returning star Daniel Craig, writer-director Rian Johnson (right) and producer Ram Bergman (left) would go away with $ 100 million each
The deal was believed to be worth more than $ 450 million in total, and THR now confirms its value at $ 469 million.
The report also reveals that the deal gives Johnson, who will both write the script and direct the sequels, “immense creative control.”
The director has to take no note of the broadcast service, with the only contingencies that Craig has to star in the two films, returning as detective Benoit Blanc, and that they must have at least the budgets for the first film. film, he said to. be $ 40 million.
Immense Creative Control: The report also reveals that the deal gives Johnson, who will both write the script and direct the sequels, “immense creative control.”
When it’s all over, Craig, Johnson and Bergman are about to leave with $ 100 million each, though no further details were given about their offers.
Both Johnson and Bergman retained all the rights to the Knives Out franchise, with their company T-Street signing an agreement with Media Rights Capital to fund the first Knives Out.
An MRC representative said the company was “proud” to have partnered with Johnson and Bergman for Knives Out, adding that “they have always controlled the rights of the franchise.”
Great thing: when it’s all over, Craig, Johnson and Bergman are about to leave with $ 100 million each, though no further details were given about their offers.
Full rights: Both Johnson and Bergman retained all rights to the Knives Out franchise, with their company T-Street signing an agreement with Media Rights Capital to fund the first Knives Out
Although both Johnson and Bergman are said to be great believers in the theatrical experience, this happened before the COVID-19 pandemic occurred.
Johnson and Bergman had wanted to start production this summer and, questioning the viability of a theatrical experience in the midst of the pandemic, bought the sequel to the streamers, with Netflix monitoring it.
One source stressed that the questionable viability of the theatrical experience with the pandemic became a “perfect storm”, with one insider stressing: “This would not have happened a year ago.”
Perfect Storm: One source stressed that the questionable viability of the theatrical experience with the pandemic became a “perfect storm,” with one insider stressing, “This would not have happened a year ago.”
The original version of Knives Out earned $ 311 million worldwide with only a $ 40 million budget, and while sources admit that Netflix has overpaid for the franchise, it’s worth it.
“Yeah, it pays more, but Netflix plays chess while the rest play checkers,” another source said.
“He pulls a proven theatrical merchandise from the blackboard and puts it in his pocket. And it’s another way to re-educate the audience to think about broadcasting and their company above a studio,” the source added.
Original: The original Knives Out earned $ 311 million worldwide with only a $ 40 million budget, and while sources admit that Netflix has overpaid for the franchise, it’s worth it.