Chapter 29 VAM Agreement and Cooperation Finalized
John really liked the script given by Wu Yuan, and submitted it to the company's review department as soon as possible.
He was very satisfied with the young Chinese directors he discovered in Sitges, and felt that Wu Yuan was born to belong to Haolaiwu and should not have been born in such a small place as China.
However, being satisfied with the script does not mean that Wu Yuan can go to Hollywood to make a movie immediately.
Precisely, after the script is approved, it is the beginning of tearing.
Next, Wu Yuan spent more than a month negotiating with John and the film investment and production departments of Fox Searchlight, but no good result was negotiated.
Wu Yuan knows that he is a newcomer, and it is unrealistic to want to get a share of the box office for nothing, but he hopes to participate in film investment.
The asking price is not much, invest 10%, and occupy 10% of the box office revenue.
It stands to reason that this is not a very demanding requirement, some good Hollywood directors, not only do not need to invest a penny, but also get paid and share the account when they make movies!
It's just that the Fox Searchlight is not a fool either.
Don't be optimistic about the subsidiaries of Laiwu's six major films.
As soon as I got the script for "Juno", Fox Searchlight's market analysis department judged that the script would definitely be a movie that would appeal to American audiences.
In the North American market alone, the box office can get at least 50 million US dollars!
And the production cost accounting of this movie, if you save a little, you only need to spend five or six million dollars to get it!
This means that this movie can create ten times the box office revenue!
With certainty that this movie is likely to make money, can Fox Searchlight be willing to let Wu Yuan participate in the box office sharing?
No kidding, people are capitalists who run companies, not philanthropists.
Fox Searchlight is even willing to give Wu Yuan $1.2 million as a director + screenwriter, but it is unwilling to let Wu Yuan pay $1 million to become one of the investors.
At this point, the negotiations reached an impasse.
Fox Searchlight is reluctant to give Wu Yuan, a Chinese director, too much money that seems to be at his fingertips.
Wu Yuan is also unwilling to make a movie for Fox Searchlight that may have a box office of more than 100 million US dollars, but he only gets paid more than one million!
Someone will say, can't you shoot it yourself?
OK!
Let's not talk about where Wu Yuan got the $6 million funding, even if he has this money, the movie will be made, how to get the distribution?
For North American distribution and global distribution, you have to find a professional distribution company.
Whether it is the six major companies of Hollywood, or the second-echelon companies such as New Line and Lionsgate, they all eat people and do not spit out bones.
The lessons of "Little Sunshine Beauty" are just around the corner.
Finally scraping together enough money to shoot it, Fox Searchlight chose to buy out the distribution rights for $10 million instead of acting as an agent.
That's equivalent to the producer only making $5 million.
And the film eventually broke 100 million dollars at the global box office.
This is the treatment of newcomer directors and newcomer works in Hollywood.
Unless it is a movie that all major distribution companies are unanimously not optimistic about, they will only charge you a sum of money for distribution and follow the account-sharing model.
Otherwise, if your movie has a little value, then the person will also choose to buy out and eat the big head, leaving you a mouthful of soup to drink.
Of course, this refers to the first work of a rookie director.
This is bound to be exploited by major Hollywood studios, which is equivalent to buying tickets.
Even if Wu Yuan takes the script and finds the other six big Hollywood players, it is also such a treatment, and the capitalists are all urine.
Who is called "Juno", this script does have the temperament of a big seller when you look at it!
However, Wu Yuan still bit his tongue and negotiated with Fox Searchlight with difficulty.
In this way, the time soon came to December, and it snowed heavily in the capital.
......
Wu Yuan's home.
The heavy snow did not make the surroundings quiet, but the courtyard was full of people.
In the large front hall of the main house, two mahjong tables were propped up.
Wu Yuan's friends, led by Zhou Xun, Chen Kun, and Qin Hailu, are fighting here!
Ever since he learned that Wu Yuan had a courtyard house, his group of friends had set their sights on this good place and often set it as a meeting place.
And more and more people are coming to the party.
At first, it was just that the stars of "The Night the Comet Comed" would occasionally come together, and gradually their friends were also brought together.
Like Chen Kun's classmate Huang Xiaoming, Qin Hailu and Zeng Li's classmates Yuan Quan, Xia Yu, and Liu Ye, they were all brought to play together.
In this regard, Wu Yuan also did not refuse.
Since the death of his relatives, Wu Yuan has been alone in the huge courtyard all the year round, and he is also lonely.
Now there are often friends who come to party and have fun, which also makes the courtyard more lively.
I don't know where I learned it, the two classes of students from Chinese Opera 96 and Beiying 96 love to play mahjong when they get together!
Even Wu Yuan, who was not very good at playing mahjong, now the level of mahjong has also risen, and he has lost too much and exercised!
"Two cakes!"
"Huh, touch!"
"Thirty thousand!" Wu Yuan smiled and touched the second cake that Qin Hailu had played, threw out a 30,000 yuan, and deliberately provoked: "Sister Hailu, I can listen to the cards, be careful!" ”
Qin Hailu rolled her eyes: "With your stinky luck, what's the use of just not being confused?" ”
"Hey, Yuan'er, is there any drama in your good docking, why have you been playing mahjong with us recently?"
Wu Yuan frowned and sighed: "I'm still talking, I've already made a lot of concessions, but I just don't agree over there, let's grind it again, don't worry." ”
As soon as he said that, Wu Yuan's mobile phone rang again.
The caller was an overseas phone that Wu Yuan was very familiar with.
Liu Ye, who was watching them play mahjong on the side, dragged him over for himself, Wu Yuan walked out of the yard with his mobile phone and answered the phone.
"Hi, John, it's two o'clock in the morning in Los Angeles, right?"
"What's so urgent?"
On the other end of the phone, John said in a very helpless tone: "Wu, your solution company has accepted it." ”
"We can sign a VAM agreement."
"If 'Juno' grosses more than $100 million worldwide, the company can give you a 10 percent share of the box office."
"But if you don't make more than $100 million at the global box office, you're only paid $1.2 million, OK?"
"I have to say, you are a very good negotiator."
A satisfied smile appeared on Wu Yuan's face.
After more than a month of talking with Fox Searchlight, it was finally time to talk about a fairly satisfactory condition.
From the very beginning, Fox Searchlight was unwilling to allow Wu Yuan to share the profits from the movie, and was only willing to give him a constant remuneration.
Wu Yuan wanted to participate in the investment from the beginning, and then asked for a five-million dollar director + screenwriter fee, but he didn't get the consent of Fox Searchlight.
Eventually, he came up with a gambling deal that finally made Fox Searchlight hesitate.
According to the research of Fox Searchlight's marketing department, the global box office of "Juno" is expected to be between $50 million and $80 million.
Let's put it this way, although Fox Searchlight thinks it's a good script, but I don't think this movie can box office over 100 million.
Even in the global market, there are not many movies with a box office of more than 100 million a year, and it is unlikely to be a small-budget film with an investment of only a few million dollars.
When Wu Yuan proposed a gambling agreement to participate in the box office sharing when the global box office exceeded 100 million US dollars, Fox Searchlight felt that this could really be discussed.
If the final box office of this movie can exceed 100 million US dollars, it seems to be an acceptable thing to give Wu Yuan, the director + screenwriter, 10 million US dollars.
If Wu Yuan can make a movie with a box office of over 100 million US dollars, then such a director and screenwriter will definitely become a guest of honor in the six major Hollywood Docks!
In this case, his Chinese identity is not important, what matters is the benefits he can bring.
Giving such an excellent director a treatment that is in line with his status and value, and maintaining a good atmosphere of cooperation with him, is definitely more cost-effective than earning millions more!
Of course, if the global box office of "Juno" does not exceed 100 million, then Wu Yuan can only get 1.2 million US dollars, and most of it is Fox searchlights.
This is a VAM agreement that is acceptable to both parties.
Since Wu Yuan is confident that this movie will have a box office of hundreds of millions, Fox Searchlight doesn't mind taking a gamble!
After all, both horizontal and vertical are Fox searchlights to make a lot of money!
And Fox Searchlight is also worried that if he doesn't agree to this, if Wu Yuanzhen doesn't cooperate with Fox Searchlight and chooses other production companies, then they will be busy in vain.
Although even if Wu Yuan does this, it will be a lose-lose situation, but isn't it fragrant to be able to make money peacefully?
"Wu, it's time for you to leave for the United States, the contract is ready for you."
John on the other end of the phone chattered and urged: "The preliminary preparations of the crew, the selection of actors, and the scenery are all waiting for you, the director!" ”
“OK!” Wu Yuan's tone was relaxed: "Then I wish us a happy cooperation, and I will leave for Los Angeles as soon as possible." ”
"By the way, Director Wu, I think you should choose an English name." John said with a smile: "Your Chinese name is too difficult to pronounce." ”
"What do you think of the name Johannes? Much like my name! ”