Matt Damon Explains Why They Don't Make Movies Like They Used To In Viral Clip
August 24, 2022
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as posted by the channelBack in 2021, Damon sat down with “Hot Ones” host Sean Evans to promote the Tom McCarthy-directed crime drama “Stillwater.” After facing the “wings of death” in the interview series featuring hot questions and even hotter wings, Damon offered some candid insight into the modern world of filmmaking, “So what happened was the DVD was a huge part of our business, of our revenue stream,” Damon said. “Technology has just made that obsolete, and so the movies that we used to make you could afford to not make all of your money when it played in the theatre because you knew you had the DVD coming behind the release.”
The Academy Award-winning actor offered some context, using his own 2013 Steven Soderbergh release “Behind the Candelabra” as an example.
“I talked to a studio executive who explained it was a 25 million dollar movie,” Damon said. “I would have to put that much into print and advertising (P&A) to market it… so I’d have to put that in P&A, so now I’m in 50 million dollars. I have to split everything I get with the exhibitor, right, the people who own the movie theatres, so I would have to make a hundred million dollars before I got into profit, and the idea of making a hundred million dollars on a story about this love affair between these two people … that’s suddenly a massive gamble.” According to Far Out Magazine, Damon thinks the death of the DVD business has left little room for error when it comes to budgeting Hollywood blockbusters these days. During an appearance on the hit series “Hot Ones,” Damon offered his thoughts on why films are so different now.
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