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How on earth did Sony only get 30 mill? Where did all the profit go then?
Confirmed: Mendes is in maybe
Confirmed: Mendes is out
Confirmed: Mendes is in
Confirmed: Mendes is maybe
Confirmed: Mendes is, oh honestly, who knows. ...
I do hope he does it - without any more back and forth - and we get Bond 24 no later than 2015. Please, powers that be, give us a really truly CONFIRMED director soon, sometime this summer at the latest.
I think it would be more like $50m for Sony in pure profit.
From the $1b dollar box office, I'd estimate it would work roughly like this:
50% ($500m) retained by cinemas
- $500m remaining
$210m - repays the production budget to MGM / Sony
- $380m remaining
$200m P&A spend (marketing and distribution costs) repaid to Sony
- $180m remaining
$10m, say, bonuses paid to Mendes, Craig, Dench and Bardem
- $190m profit remaining
$142.5m (75%) goes to Danjaq / MGM
$47.5m (25%) goes to Sony
Don't forget though that is only for the cinema box office. The film will make much more money (for many decades) for television rights and home entertainment.
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And Sony won't see any of it I think (international television rights for MGM and domestic rights+ home video for Fox, no ?). Rumors say that Sony got less than your theoretical computations (much more marketing costs ?). So in the end Sony, who basically took all the risks (financing the movie, marketing it), is not earning much (Bond fans are not rushing to buy Sony Vaios and Xperia phones when going out of the movie, the free ad part is very hard to quantify - Bond did not use a Sony tablet in Skyfall, which is their real current hit !).
That's why all the stories about the new stockholder wanting Sony Entertainment to stop playing with Sony's money, and making the lowest margins of all the big studios. He explained with Sony Entertainment having to deal as a "true" company, profits would rise (and others stockholders seemed to agree). The battle is ongoing. All the stuff about contracts being discussed may be linked to all that...
With a maths like this, they haven't even earned enough to make the next one.
I totally agree. I want my Bond with Craig every 2 year !!! (stamps his feet and gets very red in the face)
More seriously : for me, the sooner the better ! Craig is so good it's a shame to waste so much time between each of his appearances. A this rate, he will get past fifty for his last ones :-(
There's a wikipedia entry about things like that :
http://en.wikipedia.org/wiki/Hollywood_accounting
The ratio changes over time (theaters'ratio is less and less weeks after weeks, hence the 50% share probably an over estimate with Skyfall's duration in theaters)
How I read this is, that they DO make profits, but to keep it, they find ways to show, there is none.
Ie ; if Skyfall had been a failure meaning the end of Bond, Sony would have loose a lot, and Eon/Danjaq would have lost "nothing" (their property would now be zero, though. If they had been in debt in exchange for some share of that property, they would have had lots of problem otherwise).
Don't forget I'm not a native English speaker, so I may not use the good financial terms, even if it's quite clear in my French mind :)
Dump question: How much in % do EON/Danjaq / MGM provide and how much Sony?
Thanks @4EverBonded. My pleasure!
My guess would be that Sony's profit share would entitle them to some profits (but maybe not 25%) of TV and home ent. But it's just a guess. The deal struck between Sony and MGM is apparently very complex. As financier, I would be very surprised if they didn't have a profit share beyond their distribution deal.
It could be higher marketing costs. I've also heard rumours that the SF production budget was actually €240m (the same as QoS) which could also help account for it. Plus there are lots of other little bits and pieces that will go out to collection agents etc.
I think Sony only partially financed the movie (with MGM.) And the P&A costs will also cover Sony's distribution fee. So even if the film made no profit at all, Sony would still have done quite nicely out of it...
Eon / Danjaq provide no finance at all (In fact, Eon are paid for their work on the film.)
Sony and MGM provide the production finance. I would guess it's 50/50 but that's just a guess...
Sony provide all the P&A finance because they are the distributor.
Pre-production would begin with Mendes in February, so filming would begin nearer the end of the year again, I would think. The extra time would be best used for a November 2017 film afterwards. It will be a three year gap this time but being so far ahead, no one will want to let that happen again. One film every two and a half years on average, isn't too bad going.
http://www.showbiz411.com/2013/05/28/daniel-craig-persuades-skyfall-director-sam-mendes-to-return-for-more-bond
Most independent films make no profit at all at the box office - it all comes from television and DVD (if at all.) But all parties get paid for their work so the only people who really lose out are the financiers!
Regardless of these reports being true or not one thing is sure, the cat (Mendes back) is out of the bag, now we need to know when will the game re-start.
I wonder if we'll get news Mendes is back for both and the releases dates for the pair of films in the same press announcement.
Was hoping for 2014 Refn and the title Risico oh well...
So there is a chance that it will be Refn Risico and 2014?
I suppose it all depends on how much Mendes knows and how far along work is. Are they location scouting yet? For a release next year, they should be by now.
Also, let's remember, every release date for November next year has been taken, unless EON are willing to let Bond share.