If epidemics or other factors cause the studio to cross theaters and take films straight to Disney +, Marvel Studios begins exploring new talent deals to provide flexibility, Trop learned.
Under the new contract language, key talents such as actors, writers, directors and producers will receive adjusted compensation depending on whether the film opens in theaters or makes its debut on the Disney + streaming service, according to an insider with knowledge of the situation. Marvel blockbusters typically pay a bonus in the backend to key skills based on a film’s box office performance, which can be substantial for MCU films.
The person said that the new contract terms only affect Marvel movies that are about to enter production, starting with “Black Panther 2” and set to start shooting in June 2021.
A representative for Marvel declined to comment on the story.
It is unclear whether the new contracts will apply to Disney’s non-Marvel projects, or whether contracts for completed films such as “Black Widow” starring Scarlett Johansson will be re-negotiated, which is slated to open in theaters in May 2021. An insider pointed out that the studio is pursuing page correspondence with the best talent in films that have already closed production. The CAA, which represents Johansson, declined to comment when asked if the actress has such a contract. There is no comment to represent a Disney.
Since the traditional distribution has been very lucrative for the studio and the best talent for many years, studio insiders make it clear that everyone involved wants to release Marvel films exclusively in theaters. The MCU series has become the highest grossing film in the world, grossing $ 22.6 billion worldwide.
As millions of people choose to stay at home rather than at risk of infection, the epidemic exacerbates the theatrical closure or low capacity. Before the COVID-19 vaccine is widely distributed in the United States, it is likely to be more than halfway through 2021, forcing studios to create contingency plans.
According to two locals, Marvel has begun exploring the possibility of renewing talent contracts before Warner Bros. ‘Seismic announcement that 17 of its 2021 releases will be released simultaneously in theaters and on HBO Max – which is expected to reduce box office revenue (and support deals for top talent).
Marvel Studios There is a busy slate for the coming year with Scarlett Johansson’s “Black Widow” coming to theaters on May 7, 2021, “Shank Sea and the Legend of the Ten Rings” opening on July 9, 2021, “Eternities” by Chloe Zhao, now on November 5, 2021 Opening, and the third installment of the Tom Holland “Spider-Man” franchise, “The Untitled Tom Holland Spider-Man 3” is set to arrive on December 17, 2021.