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How Much Netflix Paid For The Cloverfield Paradox
Netflix has been in the proprietary content game for a little while now; however, the subscription streaming service's early forays into new stuff were in the TV game. It's only recently that Netflix has pushed harder to disrupt the way its subscribers view movies, but Netflix certainly seems to be making up for lost time by shelling out quite a bit for some of its films. In order to put out the surprise release of The Cloverfield Paradox, Netflix shelled out a pretty penny to Paramount for the rights to show the movie. Reportedly, the movie cost Netflix $50 million.
This might actually seem to be a somewhat low number for a movie set in a franchise that really resonates with audiences. The first movie in the franchise, Cloverfield, actually made $80 million domestically (and an additional $90 million worldwide) and the other movie in the universe 10 Cloverfield Lane made $72 million domestically (and an additional $38 million worldwide). Still, both movies were reportedly made on fairly small budgets, and were able to make plenty of money after recouping costs.
On the other hand, THR reports that Paramount may have been worried about reception to The Cloverfield Paradox if it had hit theaters. The movie currently hasn't earned super high critical reviews, although the audience reception for the flick seems to be a bit higher. Movies don't live or die by critical reviews, but they do (with a few exceptions) live or die by the first weekend's box office intake. Reportedly, The Cloverfield Paradox also cost more to make than other entries in the franchise, so if it had made less money at the box office and cost more to make, it could have been a lethal combination. Compared to that, the Netflix deal might have seemed like a great deal.
Netflix has shelled out $50 million or more on other movies at the streaming service, and the service has bought up other types of projects as well, including awards contenders like Mudbound. Brad Pitt's War Machine reportedly cost the service $60 million. Bright, which was released earlier this year, cost $90 million. In fact, the streaming service has a lot of money to play with precisely because the company borrowed a lot of money in order to produce content that other providers would not have. Which is why you'll see more originals and proprietary content in the coming months, and less from like Disney or Marvel, for example.
Because Netflix relies on subscriptions and not people buying tickets for its movies, and because we have no idea how many subscribers are actually tuning in for these movies, it's difficult to tell if $50 million is a reasonable budget for Netflix. However, I'd assume the service wouldn't keep doing it if it wasn't helping to build buzz, and if there's one thing The Cloverfield Paradox did, it was build anticipation through its quick viral marketing campaign that dropped a trailer during the Super Bowl. The movie was released immediately after, instead of in April in theaters, which was the earlier plan. Not only did the flick not get the traditional theatrical release, it also proved to be competition for This Is Us, which also aired after the football game. Not a bad way for streaming to kick off the week.
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With the highly anticipated sequel Incredibles 2 coming out later this year, fans can expect some tie-in comics to come from Dark Horse Comics that explore more of the day-to-day life of the Parr family.
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Feb 25, 2018 · Black Panther earned $108 million on its second Fri-Sun frame, a drop of just 46% from last weekend's record-crushing $202m Fri-Sun opening.In terms of raw dollars, it is the second-biggest
James McAvoy just posted that photo, and we now have confirmation of his first official day on the set of IT: Chapter 2. Of course, not content to simply announce that he has begun working on the highly-anticipated sequel, McAvoy also decided to have some fun with the name of Derry, Maine by including a wedge of Laughing Cow cheese in the shot.
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Peter Jackson is a man who knows a thing or two about building franchises. Subscribe To Why Peter Jackson Is Very Excited About Making Mortal Engines Sequels Updates close
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STAR WARS Legend Warwick Davis Addresses THE LAST JEDI Backlash Movie Star Wars Star Wars: The Last Jedi Warwick Davis about a year ago by Joey Paur Warwick Davis has been a part of the Star Wars universe ever since he played the Ewok Wicket in Return of the Jedi in 1983.
Star Wars Legend Warwick Davis Addresses The Last Jedi
See What Simon Pegg Could Look Like As The Batman's Riddler Movies February 14, 2019 No Comments Simon Pegg could be a good choice, but Reddit users were sounding off their other ideas for Riddler, including David Tennant, Michael Emerson and Jim Parsons.
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The Charlie's Angels Reboot Is Going To Have More Than 3 Angels Movies September 15, 2018 No Comments Big action movie heroes such as James Bond, Jason Bourne and Ethan Hunt have successfully graced the screen for many years with their blockbuster hits.
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The Obi-Wan Kenobi spinoff movie is reportedly in pre-production and will begin filming next spring. Ever since Disney acquired Lucasfilm in 2012 and revealed a sequel trilogy in the Skywalker saga would be complemented by standalone films, a project centering on the famous Jedi Knight has long been rumored.
George Lucas to Shoot Obi-Wan Kenobi Movie in Northern
The sequel starring Emily Blunt and Lin-Manuel Miranda has been warmly received by the majority of critics and is expected to have a strong opening weekend. If audiences go into Mary Poppins Returns expecting the film to exceed the magic of the first they may be disappointed, but the film certainly does a great job of recapturing the magic of the original in its own whimsical and impressive way.
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Aquaman will take place in a location closer to home than space, but one that's even less explored. Add in all the creatures, the water itself, and the fictional Atlantis, and the movie will certainly look like few films before it. Beyond the setting, however, Aquaman will also explore Arthur Curry as a
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