Michael Bay is well-known for his use of explosions, helicopters, and sheer budgetary mayhem. But what is the breakdown, by movie, of the use of some of those factors? And which of the films managed to turn Bay’s excess into financial gain?
An infographic called The Formula for Complete and Utter Bayhem breaks it down. Check it out below. Read More »
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It’s a slow news day so I thought I’d point out a story over at Forbes Magazine that profiles director Michael Bay from a financial perspective. The bottom line is that Bay makes some serious cash. Here are some interesting tidbits I learned from the article.
- When there wasn’t enough money to bring back the crew to shoot a sequence where Will Smith punches out a bad guy in Bad Boys, the first time feature director put up $25,000 of his $125,000 fee to shoot the scene.
- Bay declined upfront pay for Pearl Harbor in favor of a 50% split of what remained after the studio recouped production and advertising costs. The film grossed $450 million; and Bay made $40 million.
- Bay gets an estimated 8% on Transformer toys tied to movies, second only to that of George Lucas, who gets an estimated 15% royalty on all Star Wars figures.
- As a producer, Bay gets an average 8% of the studio’s net on each film.
- Bay bought James Cameron’s visual-effects house Digital Domain in 2007 (when the company had fallen on hard times) with his business partner, John Textor for $35 million.
Head on over to Forbes to read the whole article.