In a potentially game-changing deal that could affect how streaming operators and theater distributors co-exist, Apple has struck an agreement to acquire an untitled Formula One race film that contains Top Gun: Maverick director Joseph Kosinski output and Brad Pitt star attached, The Hollywood Reporter Learn.
The deal, which is nearly five months in preparation, unites Kosinski with many of his dissident Team, including writer Ehren Kruger and producers Jerry Bruckheimer And the Chad Oman from the films of Jerry Bruckheimeras such dissident She hopes to gross $1 billion or more in her theatrical run. They are all back in the same capacity for the racing project and they are joined by the Sir Lewis Hamiltonthe seven-time Formula One World Champion, which will be produced with the Peteblanc B sign.
The key to the deal is the theatrical distribution component. But rather than a token release in a small number of theaters or a daily opening and date, the movie will have an exclusive – and worldwide – showing for at least 30 days (one source says it could be up to 60) before heading to the Apple TV+ platform. The distribution partner will need to join, and it is not clear when one will be contacted. This could happen before production, perhaps tempted by a hum reel, or perhaps after production is over.
Apple has released movies in theaters before, with an animated movie Wolfwalker Enjoy a 30-day window and The tragedy of Macbeth Get 21 days. However, those were small-scale theatrical releases, not tent-style masterpieces.
Once again, insiders say the theatrical component is structured in such a way that Apple and filmmakers split the shot from the big-screen version 50-50. The unique deal, in essence, pays the creative team three ways: their initial fee, exorbitant acquisition fees, and theatrical background. Sources say Kosinski, who will also produce, and Bruckheimer will see good wages in the eight figures, with Pitt and his company reaching $40 million to $50 million. Apple has no comments.
Prior to this deal, the creators and their representatives had a mystical choice of sorts: make an acquisition or push for a theatrical release? But the CAA, which represents Pitt, Kosinski and Bruckheimer, has pushed for another answer: Why not both?
Part of the betting here is the Pitt and F1 races. With no box office record of dissidentTom Cruise, Pete is a big name on a global scale. And F1 is a growing and exciting sport that embodies a certain kind of enviable lifestyle. Another bet is the theatrical experience that will take audiences to a place they’ve never been before: inside a one-seat racer. just us dissident Kosinski and Kosinski generate renown for the realistic, hands-on effects that put audiences in the cockpit of the F-14, the goal being to put the viewer behind the wheel of what is essentially a missile ship on a track.
The idea for the project originated with Kosinski, who proved to be an idea igniter after traveling many years Better Swamp with Lamp Concept Cruise used to make a sequel. The film maker met Hamilton briefly through Cruise while making dissidentAnd so when he decided to make a move on his idea, CAA and his management firm Grandview set up a meeting at the San Vincente Bungalows with Bruckheimer, Hamilton and his manager, Penni Thow, where things began to take shape. This was followed by a search for a writer with initials dissident Chosen by writer, Kruger, ahead of a fateful pre-Thanksgiving meeting between Kosinski and Pete, Kosinski persuades the actor to join the racing crew of a veteran story driver who has come out of retirement to mentor a promising rookie.
In December, CAA marketed the project to studios and steamers in a tight 30-minute show that garnered instant offers. Eventually, it moved on to Apple, Netflix, Amazon, and MGM, then managed by Michael De Luca. (The latter CEO now holds a movie-leading position at Warner Bros. And he could be in a position to outbid this again when it comes to the distribution side.) To be a model for future deals that acknowledge that both are theatrical And the They flock here to stay for the duration.