Yay, Money!
Studios have reasons to rejoice — millions of them. Payments for three weeks of box office receipts have been made, giving just over $814 million combined to eight studios. Receiving the largest share is rapid-release arthouse studio Lake Hope Features, getting $255,163,412 for six movies.
“I think that Quantum’s grabbing of many films has paid off” stated a movie insider. “Every little bit helps. Quantum’s been able to manage those little bits into a small fortune.”
Also surpassing the 200 mil mark is Ship of Fooles, receiving $207,391,070 for its own 6 films.
The biggest success of the three weeks is not a studio, but a producer. Films by Pedro of Baseball Mogul Productions garnered more than $280 million in that period. The back-to-back successful weeks of No Way to Treat a First Lady through Bulletproof/Avatar grabbed $101 mil by itself.
With summer movie season now upon us, box office totals will certainly grow. What will studios do with the increase in cash?
“Well, they have producers to pay, plus the costs of making the films” explained the insider. “Then there’s upkeep and further expansion of the studio properties. No matter how much cash comes in, there’s always a ton going out. That’s the nature of the business.”
