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by darklajid 5250 days ago
At which point in the past did we establish that these wages are in _any_ way reasonable. We talk about a 'bubble' in our sector every other day. And you seem to imply (please, correct me if I missed the point) that these are 'market rates' and need to be payed by someone to get a decent end result. Which then kind of defends the existence of Hollywood as the one to make it happen.

I'd argue that this is turning the thing on its head. The Hollywood crowd overcharges from the position of a quasi monopoly that is protected by IP and copyright laws in most places of the world. They dictate the prices and are therefor able to sustain the costs of having to pay ridiculous (you can argue, but there's no way in hell I change my pov on this one) amounts of money to single persons for 'a project'.

Take away the quasi monopoly and yes, dear god: 200million+ might be a tad too much. But the market will adapt and we'll find awesome actors that are happy to do that job for 300.000 USD per year. Or less. No idea - let's find out.

2 comments

Directors get huge payouts for the same reason athletes or other performers get huge payouts: simply because they generate a TON of money AND because the pool of potential candidates is so small that there is no one to undercut the rate. That $xx million ($200 mil was the budget for the whole film fyi) that the director got paid is a fraction of the total revenue generated by a major blockbuster like The Dark Knight, just as the 10-30 million an athlete receives is a fraction of the revenue he generates for the owners. You simply can't get around the fact that many people will spend a lot of money on entertainment, and even if we don't think actors and directors deserve all of that money in terms of social contributions and the long-term redeeming value of their work, the numbers don't lie: they get big payouts simply because they generate lots of money.

The same principle applies in other jobs, the values are just much smaller.

Great, but how are you planning on paying the rest of the production, which after all makes up the majority of that $200 million.