One comment that a lot of Inside Redbox readers make is that most actors are overpaid, and if Hollywood wants to cut some costs from its films, star compensation would be a great place to start. The CEO of Paramount parent Viacom, Philippe Dauman, is apparently in agreement, judging from his recent comments at the UBS Global Media and Communications Conference. When asked about the high salaries earned by A-list actors and directors, Dauman didn’t mince words:
“That has to change. . . It’s no longer possible for a studio to make a big budget picture, and pay (actors and directors) a huge percentage of gross (revenues from ticket sales) before you recover your costs. They have to share the risk.”
Dauman also addressed Paramount’s “trial period” agreement with Redbox, which is set to expire soon. He had the follwoing terse comment to make regarding whether or not Paramount will continue to provide Redbox with new titles immediately upon release:
“We’re going to analyze the data and see where it takes us,”
Is Dauman right, Insiders? More importantly, do you think anything’s going to change with stratospheric star salaries anytime soon? Finally, what’s Paramount’s decision going to be regarding Redbox?
[via USA Today]