EXCLUSIVE : Netflix has just locked what is probably its greatest engagement in a feature film. In a dramatic switch of distributors to a tent pole star package, Netflix has a green light and set a 2020 production start for the Rawson Marshall Thurber instructed and written Red Notice. The film is a globe-based action heist thriller that moves from Universal Pictures and has added Ryan Reynolds ( Deadpool, Free Guy and 6 Underground) to the star along with Dwayne Johnson (] Fast and Furious Presents: Hobbs & Shaw and Jumanji: The Next Level ) and Gal Gadot ( Wonder Woman 1984 and Death on Nile ). The latter two were attached when Universal bought the project as a pitch early after a tough bidding battle last year, when Netflix was runner-up.
& Fast & Furious Presents: Hobbs & Shaw & # 39; Revs Up August 23 China Release
After Thurber devised his pitch in a manuscript with a budget, the filmmakers felt hesitant from Universal in a meeting last month, even though the studio had dated the picture until November 13, 2020, sources said. The original pitch agreement had specific progress with production timeline clauses, and when a window was opened, Thurber's finished script was displayed for Netflix 10 days ago. Led by film director Scott Stuber, Netflix has committed to everything the filmmakers provided and gets a big picture on its slate, rooted in three global franchise-bearing stars, who had tailored their schedules to make the production in a certain timeframe. The complex deal was mediated during the holiday break.
When the first was sold as a pitch Red Notice was one of the biggest movie packages that were mediated last year, including a $ 20 million salary for Johnson and an eight-figure. agreement for Thurber, who directed Johnson in Central Intelligence and Skyscraper . Adding Gadot and Reynolds to that mix did not pose a little challenge to Netflix's dealmakers: Instead of breaking gross against prior wages awarded by success studies, Netflix pays upfront wages and buys backend. All in all, Netflix has committed itself to probably being the biggest star package movie to date with a production budget of $ 130 million. This for a project that the company believes will deliver a new franchise with global appeal.
Red Notice is produced by Beau Flynn through his FlynnPictureCo., Johnson, Dany Garcia and Hiram Garcia through their Seven Bucks Production banner and Thurber. Scott Sheldon is the exec producer. FlynnPictureCo. and Seven Bucks last compared to Rampage and Skyscraper .
The film is an international action thriller centered on the pursuit of the most sought after art thief in the world. It takes place in several countries.
It is the second major movie for Netflix and Reynolds that originated in the newly wrapped Michael Bay directed 6 Underground. It will be Johnson's first major movie vehicle to go into production on Netflix, which evolves separately John Henry and Statesman as a star vehicle for Johnson, with FlynnPictureCo. and Seven Bucks produce. It is also the first major Netflix project for Gadot, which had been ironically organized for the sci-fi image Expansion Project but was unable to attend at that time because she was committed to Red Notice .
Deal was confirmed by Netflix and the filmmakers, and Johnson said the following:
"With Red Notice our goal at Seven Bucks Productions was to break down traditional barriers and create a true global event for the public "Netflix has illustrated that they are the perfect partners for achieving this goal." "I admire Netflix's ambition to become one of the greatest film studios in the world," Johnson said. "Their original content generates critical recognition and invites full cooperation on all production levels. Their outrageous enthusiasm for Red Notice is likewise matched by their commitment to entertaining audiences at international level.
"As the consumption of film, distribution and audience continues to develop, our focus on Seven Bucks is to continue to find the best platform and partners to thrive in this ever-changing environment. Director / author Rawson Thurber has delivered a dynamic script that I and my co-stars and business partners, Gal Gadot and Ryan Reynolds, can't wait to shoot.
"The fun we have to do Red Notice but more importantly – Funny worldwide audience will see it in 190+ countries – all at the same time. "
Thurber said he was" amazed to do Red Notice with Scott Stuber and Netflix, a company that believes in filmmakers and great ideas for a global audience. "
Netflix's Stuber said:" Rawson wrote a spectacular globe-action action adventure movie. We can't wait to bring this story and this Dream Team of movie stars, Dwayne, Ryan and Gal, to the audience around the world. "
You don't often see these many big stars in a big budget movie. It goes against a recent report in The Information, which claimed that Netflix had internal discussions about limiting the cost of big movie projects after Triple Frontier It doesn't seem to coincide with some recent offers suggesting that Netflix is about to turn to A-list stars on film slate.This deal follows one where Ryan Murphy pledged to lead musical The Prom with Meryl Streep, Nicole Kidman, James Corden and Ariana Grande heading for a strong cast; George Clooney agrees to lead and star in Good Morning, Midnight; and Denzel Washington produce Ma Rainey 's Black Bottom August Wilson game that will star Viola Davis and Chadwick Boseman.
Netflix does not comment on its internal measurements and how it judges the success of its film, but a spokesman n Realized that there was no shift beyond merely trying to be more effective in spending: "There has been no change in our content budgets or any major shifts in shorts of projects we invest in or the way we green them. "
Netflix Chief Content Officer Ted Sarandos stated," We are incredibly proud of Triple Frontier one of our most popular original movies. 63 million members have now seen the movie since it was launched in March, and we look forward to working on several projects with this talented cast, producer and author / director JC Chandor.
On Red Notice Reynolds, Johnson, Gadot and Thurber are repped by WME; Johnson is governed by The Garcia Companies.