May 27, 2024

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Netflix Expended an Insane Amount of Revenue To Get Newest Liam Neeson Film

2 min read
Belen Diaz/DYDPPA/Shutterstock / Belen Diaz/DYDPPA/Shutterstock

Belen Diaz/DYDPPA/Shutterstock / Belen Diaz/DYDPPA/Shutterstock

Netflix received domestic distribution legal rights to “The Ice Road,” starring Liam Neeson and Laurence Fishburne, for a whopping $18 million at the European Film Marketplace (EFM) just after basically viewing a promo of the motion-thriller flick, Deadline.com studies.

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Each year in March, movie and amusement industry professionals assemble for the EFM. As section of the celebration, theaters, television channels and streaming solutions have an option to purchase the distribution legal rights to films. This year’s celebration usually takes area on the web from March 1 through March 5.

Cinema Blend reports that it is not the initially time Netflix has shelled out major bucks for a single motion picture. Very last month, it purchased “Passing,” starring Rebecca Corridor. Netflix also put in $200 million to generate “The Gray Man” starring Chris Evans and Ryan Gosling.

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Of study course, with lots of movie theaters shut owing to the pandemic and additional people today streaming movies from their dwelling, the investments could shell out off major for the streaming large. Liam Neeson has a keep track of record of substantial-grossing movies, which include “Taken,” which grossed $226 million with a output finances of $25 million, data display. Furthermore, Neeson’s “Unknown,” which was introduced in theaters in 2011, ranked as just one of Netflix’s best 10 movies at the commence of this year.

This could also be Netflix’s previous option to capitalize off Neeson’s operate. The actor introduced in January that he will be retiring from the motion style immediately after he finishes some initiatives that are by now in the performs.

In spite of the news, Netflix stock dropped by a few points on the day. But at $550 for each share, the stock correct now is approaching double its 52-week higher of $290. These investments in movies with large-name stars pave the way for further expansion.

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This post at first appeared on GOBankingRates.com: Netflix Invested an Insane Quantity of Dollars To Get Latest Liam Neeson Film

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