"Mission: Impossible 7" Turns Profit by Leveraging Insurance - Overcoming Past Losses
"Mission: Impossible 7" Turns Profit by Leveraging Insurance - Overcoming Past Losses
2023-09-18
According to Collider, "Mission: Impossible 7" initially faced delays in production and exceeded its budget due to the pandemic, with a projected global box office loss of $20 million. However, Paramount Pictures managed to secure a $71 million compensation from the insurance company, successfully turning their losses into profits.
Due to significant delays during production, Paramount had sought compensation through insurance, with the potential for up to $100 million in production delay claims. However, the insurance only paid out $5.5 million, leading Paramount to file a lawsuit against the insurer's parent company in 2021.
They later reached a settlement in July 2022. Recent financial records submitted by Paramount's UK subsidiary, Jupiter Spring Productions, reveal that Jupiter Spring received $58 million in insurance income within the year ending on December 31, 2022, with a total payout of $71 million.
Relations
IGN Review: Marvel's Biggest Obstacle Now is "Money"
2023-11-19
Explore Marvel's financial challenges and their impact on filmmaking. Analyze the delicate balance between investment and creative risk, proposing solutions to reduce output and budgets. Delve into the evolving trends of the Marvel Cinematic Universe, providing food for thought for both audiences and industry insiders. ...
"Dune 2" Rescheduled Again! Premieres Two Weeks Early on March 1, 2024
2023-11-18
Embark on the enigmatic journey of "Dune 2," where Paul, alongside Chani and the Fremen, confronts conspirators seeking to destroy his family. Scheduled two weeks earlier, the film premieres on March 1, 2024, in North America. Don't miss this grand universe-spanning adventure! ...
Wu Ershan Nominated for Best Director at Golden Rooster Awards: Plans to Accelerate Production of "Creation of the Gods" Sequels
2023-11-03
Nominated for Best Director at the Golden Rooster Awards, Wu Ershan is set to fast-track the production of 'Creation of the Gods' sequels, alongside other talented directors such as Cheng Er and Deng Chao. Exciting times ahead! ...
