The money is a pittance because getting a movie made about you is not lucrative. Michael Lewis sold the rights to this movie two times. The first time he sold it, they were paid a flat fee. That fee was $250K split among all of them. That’s the market rate for what a studio is willing to pay for a story like this. It’s very very low.
The first studio never made the movie, so then they sold it the second time. The second time, they instead got a variable fee based on how much the money made at the BO. This time they got $700K (of which, half went to Lewis). That’s almost triple what they got with their fixed deal. They ultimately got a good deal, for something that is not paid very highly
The money is a pittance because getting a movie made about you is not lucrative. Michael Lewis sold the rights to this movie two times. The first time he sold it, they were paid a flat fee. That fee was $250K split among all of them. That’s the market rate for what a studio is willing to pay for a story like this. It’s very very low.
The first studio never made the movie, so then they sold it the second time. The second time, they instead got a variable fee based on how much the money made at the BO. This time they got $700K (of which, half went to Lewis). That’s almost triple what they got with their fixed deal. They ultimately got a good deal, for something that is not paid very highly