Deadline estimates SPECTRE’s profitability

SPECTRE poster

Deadline: Hollywood, the entertainment news website, estimates that SPECTRE generated a profit of $98 million for Metro-Goldwyn-Mayer and Sony Pictures to split 75-25.

“Sony and MGM split the production-cost funding 50/50 and then MGM takes 75% of the profit and Sony 25%, with the latter not getting a distribution fee on top of that, which is an amazing deal for MGM,” according to Deadline.

The estimates take in home video, pay television and other sources of revenue beyond theater ticket sales.

Based on the Deadline figures, MGM would get a profit of about $73.5 million and Sony about $24.5 million.

That’s less than the studios got for 2012’s Skyfall, which had a larger box office and lower budget. MGM got a profit of $175 million while Sony got $57 million, The Wall Street Journal reported last year, citing internal documents released in the hacking at Sony.

Sony’s deal to release Bond movies for MGM ends with SPECTRE and it remains to be seen whether Sony wins a new contract or another studio signs on.

THE DEADLINE: HOLLYWOOD STORY by Mike Fleming Jr., also estimates that Danjaq LLC, parent company of Eon Productions, got $50 million and the Ian Fleming estate $10 million because of payments received from “first-dollar gross positions.” Or put another way, Danjaq and the Fleming estate get their cut off the top as the money begins to roll in.

The SPECTRE estimates were part of the website’s “Most Valuable Blockbuster tournament, using data culled by seasoned and trusted sources.”

Deadline also said 007 actor Daniel “Craig’s deal is not very rich – $7M upfront plus about $4M on the back end.” If so, that runs counter to other reports.

The International Business Times said last year Craig stood to make $39 million from SPECTRE.

To read the entire Deadline story, CLICK HERE.

Below, is an embedded copy of the chart that runs with the Deadline story. You can click on it to see a bigger image.

UPDATE: In a SEPARATE STORY, Deadline: Hollywood estimates that Mission: Impossible Rogue Nation was more profitable for Paramount ($109.8 million) than SPECTRE was for MGM and Sony.