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General Category => Off the Record => Topic started by: Syt on September 27, 2016, 02:59:20 AM

Title: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: Syt on September 27, 2016, 02:59:20 AM
http://www.independent.co.uk/arts-entertainment/films/news/studio-lets-four-year-old-write-blockbuster-makes-115-million-loss-a7330116.html

QuoteStudio 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.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: Josquius on September 27, 2016, 03:58:56 AM
What was the kid paid?
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: Zanza on September 27, 2016, 04:02:02 AM
Quote from: Tyr on September 27, 2016, 03:58:56 AM
What was the kid paid?
$114 million
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: jimmy olsen on September 27, 2016, 04:22:31 AM
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.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: celedhring on September 27, 2016, 05:42:48 PM
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
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: lustindarkness on September 27, 2016, 06:21:43 PM
I would watch that :blush:
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: Eddie Teach on September 27, 2016, 11:03:15 PM
They should have animated that.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: CountDeMoney on September 27, 2016, 11:07:03 PM
Quote from: jimmy olsen on September 27, 2016, 04:22:31 AM
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.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: Savonarola on September 28, 2016, 09:23:37 PM
Quote from: celedhring on September 27, 2016, 05:42:48 PM
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.)
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: Caliga on September 29, 2016, 06:27:22 AM
Looks OSSUM. :cool:
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: grumbler on September 29, 2016, 11:18:01 AM
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.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: celedhring on September 29, 2016, 11:49:49 AM
Quote from: grumbler on September 29, 2016, 11:18:01 AM
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.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: Barrister on September 29, 2016, 11:54:48 AM
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. :(
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: Valmy on September 29, 2016, 11:55:13 AM
Hell I am going to see that movie just to reward a studio for actually trying to do something interesting. Goddamn Hollywood.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: lustindarkness on September 29, 2016, 11:59:35 AM
I'll watch it,  and I hope Toyota does too. I want my own alien monster truck.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: Josquius on September 29, 2016, 12:33:23 PM
Wasn't the monster truck craze 20 years ago?
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: grumbler on September 29, 2016, 01:33:39 PM
Quote from: celedhring on September 29, 2016, 11:49:49 AM
Quote from: grumbler on September 29, 2016, 11:18:01 AM
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.

Exactly.  I think that the bit about "handing over a multi-million dollar project to a preschooler" was something added by the tabloids to spice up the story.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: celedhring on September 29, 2016, 01:40:42 PM
Quote from: grumbler on September 29, 2016, 01:33:39 PM
Quote from: celedhring on September 29, 2016, 11:49:49 AM
Quote from: grumbler on September 29, 2016, 11:18:01 AM
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.

Exactly.  I think that the bit about "handing over a multi-million dollar project to a preschooler" was something added by the tabloids to spice up the story.

The story has been embellished a bit as it's gone through the internet echo chambers too. First time I saw it reported was that the Paramount prez came up with the concept after talking with his son, which isn't nearly as outrageous as "4 year old writes 115 million film".
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: dps on October 02, 2016, 07:54:55 PM
Quote from: grumbler on September 29, 2016, 11:18:01 AM
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.

Especially the part about "the studio has already proclaimed the film an absolute disaster".  As if studios were in the habit of officially labelling their own films disasters before they are ever released.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: CountDeMoney on October 02, 2016, 09:07:50 PM
Quote from: dps on October 02, 2016, 07:54:55 PM
Especially the part about "the studio has already proclaimed the film an absolute disaster".  As if studios were in the habit of officially labelling their own films disasters before they are ever released.

I had read somewhere that Disney had already anticipated writing The Lone Ranger off before it was in theaters.  I guess they really do track P/L.
Title: Re: Paramount lets 4 yr old pitch blockbuster, expects $115 million loss
Post by: dps on October 03, 2016, 02:50:07 AM
Quote from: CountDeMoney on October 02, 2016, 09:07:50 PM
Quote from: dps on October 02, 2016, 07:54:55 PM
Especially the part about "the studio has already proclaimed the film an absolute disaster".  As if studios were in the habit of officially labelling their own films disasters before they are ever released.

I had read somewhere that Disney had already anticipated writing The Lone Ranger off before it was in theaters.  I guess they really do track P/L.

Oh, I don't doubt that the studios sometimes realize before a movie is released that it's going to flop.  I just don't think that they "proclaim" it publicly.