James Moore, chief executive officer of Vine Alternative Investments, a wealth manager focused on the entertainment industry, said: “The pandemic has really caused live streamers to contend with distribution in theaters. movie. “Now you are seeing the economy really accelerating for those who stream, and they have both the strategic need and the benefits to sustain those profits.”
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“Knives Out”, with a cast led by Daniel Craig and Chris Evans, has made $ 311 million in theaters, nearly half of which is in the international market – the biggest growth opportunity for services streaming service. This is one of the few box office winners over the past few years that have not been based on an existing comic book or intellectual property bound to a long-term agreement with the studio.
(John Krasinski’s “A Quiet Place” from 2018, is another example. But that R-rated horror movie is owned by Paramount, and it’s such a box office boon that its sequel is One of the few movies the studio has staged during the pandemic.
For the original “Knives Out”, Mr. Johnson’s representative at the Creative Artists Agency negotiated a licensing agreement with the film’s distributors, MRC and Lionsgate. That agreement gives Mr. Johnson and his manufacturing partner, Ram Bergman, control of the franchise and the right to purchase future repeat products to other parties. (Mr. Craig, who plays Southern detective Benoit Blanc in the movie, is also a stakeholder in the deal.)
The tried-and-true genre – all-star whodunit – has been reinvented in recent years. “Murder Mystery”, starring Adam Sandler and Jennifer Aniston, was a Netflix hit in 2019. Kenneth Branagh’s remake of Agatha Christie’s “Murder on the Orient Express” in 2017 brought the mark good results for Disney’s Fox division, grossing $ 352 million, of which $ 250 million was from international markets. (The sequel, “Death on the Nile”, was pushed to 2022, partly because one of the movie’s stars, Armie Hammer, was tarnished by a recent sex scandal.)
The “Knives Out” deal also highlights the streaming service to more easily exploit a known title than it is to build one yourself. While Netflix scored big with the 2018 Sandra Bullock film “Bird Box” – the studio says 89 million households have watched the film within four weeks of its release – the studio is currently preparing for the show. next, a Spanish version. will not have the original star.