It takes a lot of skill to turn hugely-profitable films into net losers, and Hollywood studios have it down to an art form — one that’s often more creative than their sanitized retreads and ultra-safe franchises and reboots.
Lucasfilms, now owned by Disney, produced several Star Wars films, amassing billions of dollars. But the actor who played Darth Vader has never received any residuals from The Return of the Jedi, which was the 15th highest-grossing film of all time as of 2012. Low-budget hit The Exorcism of Emily Rose grossed $150 million on a $19 million budget. And yet, its director has yet to see a cent of his residuals, which were supposedly 5% of the net profit. Somehow $131 million just… vanished.
No matter how much is exposed about Hollywood’s complete bullshit it calls an accounting process, it will seemingly never stop screwing over everyone but the studios themselves. It’s apparently far more profitable to simply weather the criticism and occasional lawsuit.
Speaking of the latter, Richard Dreyfuss has just filed a lawsuit against Disney over missing What About Bob? residuals. His co-complainant, Christine Wagner, is the widow of the producer of Turner & Hooch. Both have a problem with the way studios do math. Both tried to bring in a third-party to take a look at Disney’s books, and both were shot down by the studio. (h/t to Techdirt reader techflaws)
Tag: Disney
ISP Categorically Refuses to Block Pirate Bay – Trial Set For October
Despite its current difficulties in maintaining an efficient online presence, The Pirate Bay remains the world’s most hounded website. Entertainment industry companies around the globe have made the notorious site their number one anti-piracy target and legal action continues in many regions.
Perhaps one of the most interesting at the moment is the action filed last November by Universal Music, Sony Music, Warner Music, Nordisk Film and the Swedish Film Industry. It targets Swedish ISP Bredbandsbolaget (The Broadband Company) and effectively accuses the provider of being part of the Pirate Bay’s piracy machine.
The papers filed at the Stockholm District Court demand that Bredbandsbolaget block its subscribers from accessing The Pirate Bay and popular streaming portal Swefilmer. In December the ISP gave its response, stating in very clear terms that ISPs cannot be held responsible for the traffic carried on their networks.
Last month on February 20 the parties met in the Stockholm District Court to see if some kind of agreement or settlement could be reached. But the entertainment companies’ hopes have been dashed following the confirmation that Bredbandsbolaget will not comply with its wishes.
“It is an important principle that Internet providers of Internet infrastructure shall not be held responsible for the content that is transported over the Internet. In the same way that the Post should not meddle in what people write in the letter or where people send letters,” Commercial Director Mats Lundquist says.