Hollywood Accounting: Darth Vader Not Getting Paid, Because Return Of The Jedi Still Isn't Profitable
from the it-might-draw-you-to-the-dark-side dept
Last year, we wrote about Hollywood accounting and how the big studios set up "corporations" for each movie, specifically designed to "lose money," often by paying money back to the studio itself. Basically, the studio sets up this "company," but then charges the company a huge "fee," such that the company itself rarely, if ever, becomes profitable. Of course, hugely successful films usually still get past the threshold, but perhaps not all of them. Hugues Lamy points us to the news that the actor who played Darth Vader in Return of the Jedi is saying that Lucasfilm still isn't paying residuals, claiming that the film is still not profitable:
“I get these occasional letters from Lucasfilm saying that we regret to inform you that as Return of the Jedi has never gone into profit, we’ve got nothing to send you. Now here we’re talking about one of the biggest releases of all time,” said Prowse. “I don’t want to look like I’m bitching about it,” he said, “but on the other hand, if there’s a pot of gold somewhere that I ought to be having a share of, I would like to see it.”If you adjust for inflation, Jedi is the 15th highest grossing films of all time. In other words, the movie has made a ton of money. But somehow, amazingly, Lucasfilm is still able to claim that it lost money. And you wonder where the MPAA got its math skills.