Death of the Movie Star: Hollywood Rethinks use of A-list Actors

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Reuters:

“Hollywood studios are now thinking twice about splurging on A-list movie stars and costly productions in reaction to the poor economy, but also because of the surprising success of recent films with unknown actors. …

“Last weekend, comic actor Jim Carrey’s “A Christmas Carol” became the latest celebrity-driven movie to stumble at box offices, opening to a lower-than-expected $30 million.

“Aside from Jim Carrey and “Carol,” which cost at least $175 million, A-listers who suffered box office flops recently have included Bruce Willis (“Surrogates”), Adam Sandler (“Funny People”), Will Ferrell (“Land of the Lost”), Eddie Murphy (“Imagine That”) and Julia Roberts (“Duplicity”).

“‘The (major movie) machine didn’t fly last summer, if you look at the movies and the names, they were not star-driven movies, they really weren’t,’ said Peter Guber, chairman of Mandalay Entertainment and former head of Sony Pictures.

“Hollywood insiders say A-listers currently are having trouble with salary demands in the $15 million range or participation approaching 20 percent of gross profits — deals that were once somewhat common for top talent. Instead, they are being asked to take less money upfront and greater compensation only if a film breaks even.”

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