Paramount lets 4 yr old pitch blockbuster, expects $115 million loss

[Syt]

http://www.independent.co.uk/arts-entertainment/films/news/studio-lets-four-year-old-write-blockbuster-makes-115-million-loss-a7330116.html

Studio lets four-year-old write blockbuster, makes $115 million loss

Paramount's Monster Trucks isn't set to hit cinemas until next year - but the impending flop is already affecting share prices

Everyone loves to make the same gripe about Hollywood screenwriting and its total infantilism meaning it might as well have been written by children.

Well, turns out sometimes it actually is written by children. Paramount made the rather strange decision of simply cutting out the middleman and letting former studio president Adam Goodman's four-year-old son develop the premise for its next major blockbuster; what he came up with was Monster Trucks, a movie which revolves around the conceit that monster trucks actually have real monsters in them.

Sure, Hollywood's adults have come up with plenty of equally bizarre concepts on their own, but Paramount is about to learn a pretty brutal lesson about handing over a multi-million dollar project to a preschooler.

The Wall Street Journal is now reporting Paramount's parent company Viacom has had to revise its earnings-per-share expectations to account for, "a programming impairment charge of $115 million in its filmed entertainment segment in its fiscal fourth quarter related to the expected performance of an unreleased film."

Yes, Monster Trucks hasn't even hit cinemas yet, and the studio is already proclaiming the film an absolute disaster. Slate reports that Goodman has since left Paramount, alongside the head of Paramount Animation Bob Bacon - the division behind Monster Trucks; with the film itself seeing its release date shifted from a prime summer 2015 slot to January next year, essentially the graveyard month for studio films.

Who knows, maybe Monster Trucks  - which looks like a cross between Transformers, Sharktopus and Free Willy - will miraculously turn out to be a huge hit; yet, then again, let's stress that this was a concept that came out of the brain of a four-year-old.

Monster Trucks hits UK cinemas 3 February 2017.

[Josquius]

What was the kid paid?

[Zanza]

What was the kid paid?

$114 million

[jimmy olsen]

I think they're being unnecessarily harsh on a 4 year old kid.

If Monsters Inc. could be a big hit, a movie "which revolves around the conceit that monster trucks actually have real monsters in them" could too. The failure is on the studio to properly develop the idea into a successful film.

[celedhring]

There's been a rumor running around for months that kids ran away crying during the first test screenings of this "thing".

Anyhow, the trailer:

https://www.youtube.com/watch?v=wQGawWqJdfs

[lustindarkness]

I would watch that

[Eddie Teach]

They should have animated that.

[CountDeMoney]

I think they're being unnecessarily harsh on a 4 year old kid.

I'm sure that will be the first consideration for the production employees that invariably lose their jobs when a studio eats $115M.

[Savonarola]

There's been a rumor running around for months that kids ran away crying during the first test screenings of this "thing".

Anyhow, the trailer:

https://www.youtube.com/watch?v=wQGawWqJdfs

Heh,

I saw the trailer in the theater.  It looks like ET meets Bigfoot and the Muscle Machines; a premise that should appeal to young boys (assuming it doesn't actually make them run away from the theater in tears.)

[Caliga]

Looks OSSUM.

[grumbler]

So, was there ever anything in a real newspaper about this?

We know that the Independent article was bullshit, but I am pretty sure that it was based on something real.

[celedhring]

So, was there ever anything in a real newspaper about this?

We know that the Independent article was bullshit, but I am pretty sure that it was based on something real.

The writedown is real. http://variety.com/2016/film/news/monster-trucks-viacom-loss-115-million-1201867055/

About the son of the then president of the film division coming up with the film, yes it's been in the more sensationalist film media, but imho it's just a way to find a scapegoat for such a monumental disaster, since the guy no longer works there.

[Barrister]

The trailer looks stupid, but honestly it's no more stupid a concept that Transformers or Marvel movies.

Hollywood's lesson is probably going to be that taking risks on new franchises isn't worth it.

[Valmy]

Hell I am going to see that movie just to reward a studio for actually trying to do something interesting. Goddamn Hollywood.

[lustindarkness]

I'll watch it,  and I hope Toyota does too. I want my own alien monster truck.