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	<title>Auditions for Disney &#187; Hollywood news</title>
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		<title>Hollywood Cuts Back on Salaries &#8211; No More $20 million</title>
		<link>http://www.auditionsfordisney.com/movie-news/hollywood-cuts-back-on-salaries-no-more-20-million.php</link>
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		<pubDate>Tue, 04 Aug 2009 15:07:12 +0000</pubDate>
		<dc:creator>Julie</dc:creator>
				<category><![CDATA[Movie News]]></category>
		<category><![CDATA[Hollywood]]></category>
		<category><![CDATA[Hollywood news]]></category>
		<category><![CDATA[Movie salaries]]></category>

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		<description><![CDATA[I was just reading an interesting article about how Hollywood is cracking down on the salaries movie stars make. Here are a few excerpts:
&#8220;It wasn&#8217;t so long ago, after putting in years building up his career, that Denzel Washington finally cracked the $20-million star salary club. But now he&#8217;s taking a sizable pay cut to [...]]]></description>
			<content:encoded><![CDATA[<p>I was just reading an interesting article about how <strong>Hollywood</strong> is cracking down on the salaries movie stars make. Here are a few excerpts:</p>
<p>&#8220;It wasn&#8217;t so long ago, after putting in years building up his career, that Denzel Washington finally cracked the $20-million star salary club. But now he&#8217;s taking a sizable pay cut to star in the upcoming 20th Century Fox film &#8220;Unstoppable&#8221; after the studio threatened to pull the plug on the picture in order to get its costs down. David Fincher used to make $8 million to $10 million per picture, along with a nice piece of first-dollar gross, as an A-list director. But he&#8217;s taking considerably less money &#8212; and no first-dollar gross &#8212; to get his new Sony Pictures film, &#8220;The Social Network,&#8221; off the ground.</p>
<p>&#8220;What&#8217;s going on here? In Hollywood, whenever a studio executive would sit down to negotiate with an agent for an actor, writer or filmmaker, one of the first questions volleyed across the table was: What&#8217;s your client&#8217;s quote? If you&#8217;d written, directed or starred in a big hit, or even enjoyed a couple of modest successes in a row, your quote went up. And unless you ran off to make some nutty labor-of-love indie film where everyone committed suicide in the third act, your salary level was assured. That quote stuck like glue. Even after a few stinkers, a big star could still get their $15- or $20-million fee.<span id="more-103"></span></p>
<p>&#8220;Why did the movie studios finally get tough with talent? And is this really good for the movie business? Bad for talent? Or just a rare sign of fiscal sanity? Keep reading:</p>
<p>It&#8217;s an interesting read for sure. <strong>Hollywood salaries</strong> aren&#8217;t what they used to be! You can read the rest of the article <a href="http://latimesblogs.latimes.com/the_big_picture/2009/08/want-to-make-10-million-a-movie-forget-about-it-hollywood-gets-tough-on-talent.html">here</a>.</p>
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