Heads Up Hollywood

Chapter 883 Insurance Business

The scene in New York is very simple, it is an appetizer.

When we got to Atlanta, dinner was coming.

Tang En also had no time to be distracted by other things, and began to devote himself fully to the movie, and every night's routine meeting must not be missed once.

At eight o'clock that night, in the conference room of the hotel, the production team and director team of "The Avengers" gathered to discuss the shooting plan for the day after tomorrow. This is the "T+2" model commonly used in Hollywood.

After coming up with a detailed plan, it will be sent to the whole crew after the filming ends tomorrow, so that everyone can go back to prepare at night.

Tomorrow's shooting plan was decided last night.

"Everyone is here, let's get started."

After a day of filming, Tang En was also quite tired. Seeing that everyone was present, he kept his words to the point and planned to make a quick decision.

Fortunately, with real-time preview technology.

Otherwise, it will be even more tiring to spend a lot of time at night to watch the shooting effect during the day.

"Twain, wait a little longer."

Nina Jacobson reminded in a low voice.

"Um?"

"The people from the insurance company haven't arrived yet."

Tang En's face darkened, "Late again?"

Nina Jacobson felt a little helpless, "Maybe I'm used to it."

"They're so used to their problems!" Tang En was a little annoyed, "Which insurance company is this? Cut off all business contacts from now on!"

Everyone in the room curled their lips secretly.

This big boss has such a temper, he dares to confront the insurance company!

In the past two decades, insurance companies have always been a detached presence in Hollywood.

It is the biggest tool for capital to infiltrate Hollywood, even more powerful than the functional attributes of banks.

But then again, he is Tang En, and he has the qualifications!

In Hollywood in the past, financing methods were relatively simple, and most of them were financial methods. For example, pre-sell the copyright, and then borrow from the bank through the pre-sale mortgage contract.

The bank does not have a film department, and they cannot determine the true value of this mortgage contract.

This requires a third-party guarantee, which is the insurance company.

To put it bluntly, the insurance company used its understanding of Hollywood to assure the bank that the film would definitely be finished and would not die halfway. The pre-sale contract must be honored, and the bank must be able to get back the principal and interest.

In this process, it is the insurance company that bears the greatest risk.

Once the movie goes wrong, the producer will borrow from the bank, and the insurance company will need to pay for it. Once the insurance company loses money, it will take over from the producer and become the copyright owner of the film project.

Then, the insurance company sells this semi-finished project to other film companies to let them continue to complete it.

This is a very complete financing process for the film industry.

In order to make the film finish as expected, the insurance company will send special personnel to monitor the progress of the film project in real time, so as not to exceed the budget.

This has the advantage of preventing the crew from being suspected of entrapping investors. It is impossible for the absurd thing that a prop knife tens of thousands of yuan and a prop gun hundreds of thousands of dollars to happen.

The downside is that the insurance company's intervention in the movie is too much.

Every budget expenditure for the film must be signed by the insurance company before it can be cashed.

If the producer and director want to shoot a high-investment shocking shot, but the insurance company thinks the cost is too high and refuses to sign, then it must not be shot!

Why is it said that Hollywood has been infiltrated by Wall Street? It is because of the financing guarantee system!

This is called "Film Completion Guarantee".

This is also the reason why Tang En was so favored by his colleagues in the Hollywood industry after he proposed the "Assorted Platter Investment".

We've had enough of insurance companies meddling in film productions.

Although the investors of Platter Investment Company also come from Wall Street, the controllers are insiders.

Like Michael Ovitz of Legendary Pictures.

Let Michael Ovitz oversee the production of the film, which is much better than the insurance company randomly sending a layman with five people and six people.

It can be said that once the "complex investment" is put forward, it is equivalent to cutting off most of the insurance company's financial resources and the power to infiltrate Hollywood.

However, it is still impossible to completely eliminate insurance companies.

Like The Avengers.

The film investment budget is 200 million U.S. dollars, and there will be a reserve fund of about 15 million U.S. dollars just in case.

However, this is an action movie.

When shooting action scenes, there is a great risk of injury.

It is necessary to insure.

Rao is that Marvel Studios has issued a series of regulations to reduce troubles, such as prohibiting core actors from performing any dangerous action scenes.

The desperate filming methods like Tom Cruise and Jack Chen are not Marvel's gameplay.

Tom Cruise's action scenes and Jack Chen's kung fu martial arts are the conscience of the industry in this world. The biggest attraction is "truth", and they must be shot in real scenes.

Marvel's movies are different. It doesn't matter whether it's true or false. The biggest selling point is the continuity of the plot and the superheroes who are imaginative.

However, even if you use a stuntman, you still need to insure.

It is not uncommon for people to die in action scenes.

In case of an accident, even a stuntman can make Marvel Pictures bleed.

Insurance is an inevitable choice.

Not only that, the core actors... such as Iron Man, Ant-Man, Spider-Man, etc., if they have a headache that delays the shooting schedule and causes waste of cost, these are covered by the insurance.

Now that the insurance is insured, the insurance company must send someone to assess the risks and supervise the operation process of the film project, so as to avoid the situation where the insurance company is "framed" by the production company.

This is called "Cast Guarantee for Movies".

For example, when Nicole Kidman was filming "A Beautiful Mind", she broke her knee and delayed the schedule, and the insurance company paid 3 million US dollars for it.

Last year, Nicole Kidman took over the project of "Mechanical Enemy" with Will Smith, and the production budget was as high as 120 million US dollars!

This is an action movie.

During filming, Nicole Kidman suffered a knee injury that recurred, almost causing the entire project to be aborted. Once this extreme phenomenon occurs, the insurance company may pay out 120 million US dollars for it!

Fortunately, after half a month of raising Nicole Kidman, she came back from the fire line and insisted on finishing the film.

The insurance company also paid $15 million for this.

That equates to $1 million per day.

It can be seen that Hollywood hates insurance companies, but they cannot do without them.

On the surface, it seems that "cast insurance" has less influence on film production than "financial insurance", but in fact, it is not small at all!

In the previous life, when David Fincher filmed "The Girl with the Dragon Tattoo", the insurance company believed that the film was too dangerous, involving motorcycles, snowboards, fighting and abuse scenes, and most of them were shot in foreign countries, which may cause the actors to be injured. high.

In desperation, David Fincher could only revise the script.

In his previous life, Robert Downey Jr. had no insurance company willing to cover him because of his drug addiction. As a result, he couldn't get filming at all for a few years.

Later, Mel Gibson, a very loyal brother in the industry, personally came forward to guarantee and was willing to take risks, so he solved the problem of Robert Downey Jr. and gave him the opportunity to perform again.

Robert Downey Jr. in this life naturally no longer needs Mel Gibson to show up.

However, when he filmed "Iron Man", he still paid a huge price. 40% of his $3 million salary was handed over to the insurance company as the insurance amount.

In addition to the completion guarantee and cast guarantee, there are also error guarantees, regular guarantees, etc.

In short, the entire American film and television industry generates a total output value of more than 450 billion U.S. dollars a year, of which the insurance business can reach a scale of 20 billion U.S. dollars.

It's a very large ancillary industry related to film.

"The Fire Fund Insurance Company is Hollywood's largest insurance partner. More than 80% of Hollywood movies are underwritten by this company, and its power is overwhelming."

Nina Jacobson sat next to Tang En's ear and whispered.

"Great power? What a joke! This is Hollywood!" Dunn couldn't help but sneer.

On Hollywood's territory, how can insurance companies dominate?

It is simply nonsense.

It is a good thing for both parties to cooperate, which is profitable.

However, if the insurance company dares to override the film company because of this, it will be more mistakes than mistakes!

Lei Shidong can be defeated by him, not to mention the fire insurance fund?

Even the Allianz Group, the parent company of the fire protection fund insurance, can't do it! (Allianz is the title sponsor of Bayern's home stadium, the Allianz Arena.)

The people from the insurance company were late for two consecutive days, which made Tang En very dissatisfied.

Just when he narrowed his eyes and seemed to be making up his mind, the insurance company finally arrived.

A man and a woman walked into the meeting room talking and laughing.

One is the head of the insurance company's medical team, and the other is the insurance company's out-of-control alert representative.

"Sorry we're late..."

"Is an apology useful?"

Tang En didn't care about that, and ruthlessly retaliated.

With Tang En's current status, there is no need to treat insurance companies like gods like other people in Hollywood. Even the chairman of the Allianz Group has to respect him humbly when he sees him!

Two low-level wage earners dare to be late for two consecutive days. Who is this embarrassing? Do you really think of yourself as an uncle?

The man and woman from the insurance company were taken aback for a moment.

They have also worked in Hollywood for more than ten years. When have they seen such a rude film director?

However, the other party was Dunn Walker...

"Mr. Walker, I... I'm sorry, I'm really sorry, we were reviewing today's..."

"Okay! I don't have time to listen to your nonsense! If you want to stay, just stay honestly. If you don't want to stay, just get out! Hollywood is not just your insurance company!"

"Huh? Mr. Walker..."

"Okay, let's have a meeting now! Let's study the shooting plan for the day after tomorrow..."

Tang En didn't pay attention to the two insurance company people whose faces suddenly turned red. Although he was rude, the other party's arrogance and indifference deserved it.

Even, his mind is also alive.

Insurance business...is really an indispensable part of the movie.

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