What is a "favored nations" deal?
A "favored nations" deal in the entertainment industry ensures that all specified parties receive the same benefits, such as salary.
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Movies / Celebrity Gossip
Devil Wears Prada 2: Meryl Streep Secures Equal Pay for Co-stars
Meryl Streep championed equal pay for herself, Anne Hathaway, and Emily Blunt in 'The Devil Wears Prada 2,' setting a new precedent in Hollywood. Each actress received a $12.5 million salary, plus potential box office bonuses, thanks to Str...
Key Insights
- Meryl Streep negotiated a 'favored nations' deal, ensuring equal pay for herself, Anne Hathaway, and Emily Blunt.
- Each actress received $12.5 million upfront for 'The Devil Wears Prada 2'.
- The film has already grossed over $250 million worldwide in its first week, potentially earning the stars an additional $20 million each in bonuses.
- The movie's budget was $100 million, with $37.5 million allocated to the three leading actresses.
In-Depth Analysis
Meryl Streep's influence in Hollywood extends beyond her acting prowess. By leveraging her star power, she not only secured a substantial salary for herself but also ensured her co-stars received equal compensation. This move reflects a growing awareness and demand for fair pay across the entertainment industry. The 'favored nations' deal underscores the power of collective bargaining, particularly when championed by industry leaders. With the film's strong box office performance, this decision is likely to set a new standard for future film contracts. This also highlights the shift in budget allocation, with a significant portion dedicated to talent, reflecting their value in driving a film's success.
*Actionable Takeaway:* Support films and actors who advocate for fair pay and equitable treatment in the industry.
FAQ
How much did each actress earn for "The Devil Wears Prada 2"?
Each actress earned $12.5 million upfront, with potential bonuses based on box office performance.
What was the budget for "The Devil Wears Prada 2"?
The film had a reported budget of $100 million, with $37.5 million going to the salaries of Meryl Streep, Anne Hathaway, and Emily Blunt.
Takeaways
- Meryl Streep's negotiation sets a precedent for equal pay in Hollywood.
- 'The Devil Wears Prada 2' demonstrates the financial viability of fair compensation.
- Collective bargaining can lead to more equitable outcomes for actors.
- Support films that prioritize fair pay and talent investment.
Discussion
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