Chapter 157
Behind The Spotlight Chapter 157
Just like Wash Dismay Studio, other studios such as Fair Amount Pictures, Uni-versus Pictures, 20th Centaur, Sonya-Collapse Studio, and Whiner Bruh Studio had deep regrets in not buying the movie because they later realized how profitable it had become.
They knew the movie was promising, but none of them offered $60 million, even though some executives argued internally that it was worth a try. At most, Sonya-Collapse Studio offered $53 million, which they considered their final and safest budget.
123 Production decided to contact second-tier studios such as Metro Gold Mayer after weighing every option very carefully. The two made an agreement, and 123 Production sold The Born Identity for $60 million.
Now that The Born Identity had grossed $221 million in just ten days, 123 Production felt they could have sold it for a better price. But this idea didn't linger long because they realized the immediate profit was still significant.
Instead, they decided to take another step. 123 Production still held the production rights for the movie, which gave them leverage in future negotiations. If Metro Gold Mayer wanted to make a sequel, they would have to hire 123 Production, ensuring a continuous revenue stream.
Because of that, it was not technically a loss, especially considering the long-term benefits. As long as they earned money, it didn't matter.
For a small production studio without a distribution channel like 123 Production, selling the movie for a higher price was always the best-case scenario, allowing them to focus on production rather than complicated marketing.
"Axel, I have good news for you. Metro Gold Mayer is interested in filming a sequel, and they are eager to retain the same creative team. They will invest in the movie while 123 Production handles the filming, ensuring quality control and proper budgeting."