variety.com
This might get a physical media release with Paramount partnering with Apple on this film. If so, it probably won't happen until months after the Oscars.
Apparently Australia, too.
Apple didn't own CODA in Italy. Apple bought CODA at Sundance, but the film was initially financed by pre-selling the foreign distribution rights. Apple attempted to buy the Italian rights back after the Sundance deal, but the Italian distributors refused. Not sure about Japan or Australia, but I presume it was a similar situation.
www.hollywoodreporter.com
It would be a shame if this fine film doesn’t get a physical media release.Apple didn't own CODA in Italy. Apple bought CODA at Sundance, but the film was initially financed by pre-selling the foreign distribution rights. Apple attempted to buy the Italian rights back after the Sundance deal, but the Italian distributors refused. Not sure about Japan or Australia, but I presume it was a similar situation.
My understanding is Apple financed and owns KotFM entirely, and Apple is paying Paramount to distribute the film theatrically. The $200 mil budget was justified as a prestige play to lure subscribers to AppleTV+.
Behind Scorsese’s ‘Killers’ Apple Deal: $200M+ Budget, “Low-Risk” for Paramount
For Paramount, which balked at a 'Killers of the Flower Moon' script change that execs saw as "smaller scale; same budget" for the Leonardo DiCaprio and Robert De Niro film from Martin Scorsese, the partnership with the tech giant will ensure that it faces no financial danger but also very...
Given that it’s co-financed by Apple and Paramount, I would not be surprised to see Paramount handle a physical release.
Paramount did not finance it. Apple is paying Paramount a distribution fee, and Paramount is paying for theatrical marketing, but Apple financed the entire production and owns all rights to the film.
I'm sure the idea of getting subscribers is correct but I can't imagine that plan working out financially. I probably would have gotten Apple + for a month just to see this (and then canceled the service) and I'm sure that there will be people who will subscribe to see Killers, like other things they see & keep the service but how many subscribers would they need to make $200 million worth it? I'm glad both Apple and Netflix gave Scorsese massive amounts of money but neither can have seriously thought that they'd be turning a profit when the budget was that big.
Well...that's the entire financial struggle with streaming services right now. There's no generally accepted way to account for P/L on specific films. Wall Street initially valued streaming services like upstart tech companies, which are expected to lose money at first as long as the user base grows. When KotFM was greenlit in 2020, the streaming services were spending billions on content, losing tons of money, and that was okay with Wall Street as long as the number of subscribers grew.* So, the film likely was never intended to "profit" in the way most people think. It was a prestige play for Apple to put a halo around the Apple TV+ service and further establish the brand identity. In other words, it was basically budgeted as a marketing expense for the service. Apple can afford it. Their Q3 2023 earnings were 81.8 billion. $200 million is a rounding error for them.
Do yourself a favor and don’t watch the film at all.
Sorry but nobody is worth 30 million for a few weeks work. Sharing that amongst the cast would be fair, proportional to how big their role is.
This is an absurdly offensive post and has no business being posted here at the HTF imo.
