Netflix Is Going to Spend over $90 Million After Will Smith’s Movie
An online newsagent “Deadline” recently reported that Netflix is going to spend over $90 million after Hollywood superstar Will Smith’s cop thriller movie called “Bright,” the movie contains “fantastical elements” (including orcs).
Netflix will give $45 million for shooting the film and another $45 million for talent and also $3 million will be spent for the script. It is Netflix’s highest budget for the blockbuster movie yet before that Netflix spent $60 million for another American Legend Brad Pitt’s movie called “War Machine” though the movie is still waiting to be released.
On the other hand, Netflix supposedly battled off different bidders, including Warner Brothers and MGM, both of whom would have given the film a wide theatrical discharge.
Netflix’s dedication to “day-and-date releases,” implying that motion pictures are accessible to stream on Netflix that day they touch base in theaters, will probably restrain what number of huge screens show “Bright.” Theater monsters like Regal have openly reprimanded this release approach, and Netflix’s past movies have seen extremely constrained dramatic releases.
Analyst Barton Crockett from FBR Capital Markets recently shared withThe Los Angeles Time saying “It’s going to be very, very difficult for Netflix to get the major theater chains to carry its movies.”
Yet, Netflix strategy is it gets its worth from memberships, and securing a conceivable establishment blockbuster like “Bright,” alongside a major name like Smith, could draw attention individuals onto the stage. The film will shoot in the fall, with David Ayer directing.