‘Bohemian Rhapsody’ movie reportedly $ 51 million in the red

Bohemian Rhapsody, the 2018 Queen biopic starring Rami Malek as Freddie Mercury, is said to be over $ 50 million in red, according to a new lawsuit filed by screenwriter Anthony McCarten.

McCarten has filed a breach of contract complaint against film producer Graham King and his company, GK Films, Deadline reported. McCarten claims to have made a deal with King to receive 5% of GK Films’ net proceeds, but at one point King ceded his deals to Fox (now owned by Disney), and McCarten has yet to see the money. that it is. of.

McCarten and his attorneys are seeking “pecuniary damages in an amount to be proven at trial,” as well as a full account of the film, which grossed $ 216 million domestically and $ 911 million worldwide against a budget of $ 52 million. Despite this, the accounting records of the Twentieth Century Fox Film Corporation show that Bohemian Rhapsody is $ 51 million in the red.

The 50-page lawsuit cites the first of three deals McCarten made with production company WAGW, Inc. in 2015 for “an amount equal to 5% of 100% of” net proceeds. ” Fox, however, claims McCarten only owes money. via its definition of “Defined Net Income”, rather than GK Films’ standard definition of ““ Net Income ”, as modified by good faith negotiation. “

The lawsuit further notes that many large studios have a penchant for “” defining “profits in a Byzantine fashion, and then applying arbitrary and onerous distribution costs, administrative costs, overhead costs, etc.” in order to prevent them from being produced. writers to see the money owed to them.

In other words, Fox claims that even though Bohemian Rhapsody was a real box office hit, the film made no net profit due to its countless expenses, so the studio owed McCarten no money.

Comedian and writer Art Buchwald fought a similar tribunal battle over his 1988 film Coming to America, which starred Eddie Murphy. The film grossed $ 288 million worldwide, but Paramount Pictures quashed most of its box office revenue through production, marketing and distribution costs, and argued it had no net profit on which to pay Buchwald. Murphy, who in 1988 shared the gross receipts, derisively referred to the net proceeds as “monkey points” in a deposition.

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