Open doors of Marvel studios
Marvel Studios is beginning to explore new talent offerings to provide flexibility in case the pandemic or other factors cause the studio to overlook cinemas and bring movies directly to Disney +, TheWrap has learned.
Under the new contract language, key talents above the line, such as actors, writers, directors and producers, will receive adjusted compensation depending on whether the film is released in theaters or premiered on the Disney + streaming service. according to an expert with knowledge of the situation. . Typically, Marvel blockbusters pay bonuses to key talent based on the box office performance of a movie, which can be substantial for MCU movies.
The new terms of the contract only affect Marvel films that are about to go into production, starting with “Black Panther 2,” which will begin shooting in June 2021, the informant said.
A Marvel representative declined to comment on the story.
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It’s unclear whether the new contracts will also apply to non-Marvel Disney projects or whether bids for full-length films like “Black Widow,” starring Scarlett Johansson, who still aims to ‘opened in cinemas in May 2021. A privileged person indicated that the studio was looking for deals with highly talented letters in films that had already finished production. CAA, who represents Johansson, declined to comment when asked if the actress has that deal. A Disney representative also did not comment.
The study’s experts make it clear that everyone involved prefers to release Marvel films exclusively in theaters, as traditional distribution has proven to be the most profitable for both studios and best talent over the years. The MCU series has become the highest-grossing film franchise, with worldwide box office revenue of $ 22.6 billion.
But the pandemic has increased its exposure as cinemas have closed or limited capacity, as millions of people choose to stay home instead of running the risk of infection. And with the likelihood that more than half of 2021 may happen before the COVID-19 vaccine is widely distributed in the U.S., studies have been forced to make contingency plans.
Also read: What Hollywood players break down when movies skip cinemas to play them
According to two insiders, Marvel began studying the possibility of upgrading talent contracts before Warner Bros. a seismic announcement that will release the 17 releases of 2021 in theaters and HBO Max simultaneously, a move that is expected to depress box office revenue (and supported bids for the best talent).
Marvel Studios has a busy blackboard next year with Scarlett Johannsson’s “Black Widow,” which will hit theaters on May 7, 2021, “Shang Chi and the Legend of the Ten Rings” will open on July 9, 2021, “Eternals,” directed by Chloé Zhao, will now open on November 5, 2021 and the third installment of Tom Holland’s Tom Spider Spider-Man franchise, “Untitled Tom Holland Spider-Man 3,” will be released on November 17, 2021. December 2021.