Posts Tagged ‘Mike Medavoy’
Earlier this week, I devoured the long, excellent article by Josef Adalian and Maria Elena Fernandez of Vulture on the business of peak television. It’s full of useful insights and even better gossip—and it names plenty of names—but there’s one passage that really caught my eye, in a section about the huge salaries that movie stars are being paid to make the switch to the small screen:
A top agent defends the sums his clients are commanding, explaining that, in the overall scheme of things, the extra money isn’t all that significant. “Look at it this way,” he says. “If you’re Amazon and you’re going to launch a David E. Kelley show, that’s gonna cost $4 million an episode [to produce], right? That’s $40 million. You can have Bradley Whitford starring in it, [who is] gonna cost you $150,000 an episode. That’s $1.5 million of your $40 million. Or you could spend another $3.5 million [to get Costner] on what will end up being a $60 million investment by the time you market and promote it. You can either spend $60 [million] and have the Bradley Whitford show, or $63.5 [million] and have the Kevin Costner show. It makes a lot of sense when you look at it that way.”
With all due apologies to Bradley Whitford, I found this thought experiment fascinating, and not just for the reasons that the agent presumably shared it. It implies, for one thing, that television—which is often said to be overtaking Hollywood in terms of quality—is becoming more like feature filmmaking in another respect: it’s the last refuge of the traditional star. We frequently hear that movie stardom is dead and that audiences are drawn more to franchises than to recognizable faces, so the fact that cable and streaming networks seem intensely interested in signing film stars, in a post-True Detective world, implies that their model is different. Some of it may be due to the fact, as William Goldman once said, that no studio executive ever got fired for hiring a movie star: as the new platforms fight to establish themselves, it makes sense that they’d fall back on the idea of star power, which is one of the few things that corporate storytelling has ever been able to quantify or understand. It may also be because the marketing strategy for television inherently differs from that for film: an online series is unusually dependent on media coverage to stand out from the pack, and signing a star always generates headlines. Or at least it once did. (The Vulture article notes that Woody Allen’s new series for Amazon “may end up marking peak Peak TV,” and it seems a lot like a deal that was made for the sake of the coverage it would produce.)
But the most plausible explanation lies in simple economics. As the article explains, Netflix and the other streaming companies operate according to a “cost-plus” model: “Rather than holding out the promise of syndication gold, the company instead pays its studio and showrunner talent a guaranteed up-front profit—typically twenty or thirty percent above what it takes to make a show. In exchange, it owns all or most of the rights to distribute the show, domestically and internationally.” This limits the initial risk to the studio, but also the potential upside: nobody involved in producing the show itself will see any money on the back end. In addition, it means that even the lead actors of the series are paid a flat dollar amount, which makes them a more attractive investment than they might be for a movie. Most of the major stars in Hollywood earn gross points, which means that they get a cut of the box office receipts before the film turns a profit—a “first dollar” deal that makes the mathematics of breaking even much more complicated. The thought experiment about Bradley Whitford and Kevin Costner only makes sense if you can get Costner at a fixed salary per episode. In other words, movie stars are being actively courted by television because its model is a throwback to an earlier era, when actors were held under contract by a studio without any profit participation, and before stars and their agents negotiated better deals that ended up undermining the economic basis of the star system entirely.
And it’s revealing that Costner, of all actors, appears in this example. His name came up mostly because multiple sources told Vulture that he was offered $500,000 per episode to star in a streaming series: “He passed,” the article says, “but industry insiders predict he’ll eventually say ‘yes’ to the right offer.” But he also resonates because he stands for a kind of movie stardom that was already on the wane when he first became famous. It has something to do with the quintessentially American roles that he liked to play—even JFK is starting to seem like the last great national epic—and an aura that somehow kept him in leading parts two decades after his career as a major star was essentially over. That’s weirdly impressive in itself, and it testifies to how intriguing a figure he remains, even if audiences aren’t likely to pay to see him in a movie. Whenever I think of Costner, I remember what the studio executive Mike Medavoy once claimed to have told him right at the beginning of his career:
“You know,” I said to him over lunch, “I have this sense that I’m sitting here with someone who is going to become a great big star. You’re going to want to direct your own movies, produce your own movies, and you’re going to end up leaving your wife and going through the whole Hollywood movie-star cycle.”
Costner did, in fact, end up leaving his first wife. And if he also leaves film for television, even temporarily, it may reveal that “the whole Hollywood movie-star cycle” has a surprising final act that few of us could have anticipated.