A new report has revealed that Tom Cruise’s movies make much more money from the box office than the studios.
Of course, it wouldn’t surprise anyone that Tom Cruise, one of the biggest stars of Hollywood, earns a lot of money from movie deals. But according to a new report, the star earns more from the box office revenues of her movies than even the studio behind the movie!
Cruise, who started his acting career in the 1980s and continued with his first blockbuster movie Top Gun in 1986, is a big action star today and one of the highest-grossing movie stars of all time. Tom Cruise’s films have earned more than $10 billion worldwide. This is largely due to his role as Agent Ethan Hunt in the Mission Impossible series that began in 1996 and will soon return with two new films.
Before Mission Impossible 7 and 8, we will rewatch Cruise as US Navy pilot Pete Mitchell in Top Gun: Maverick, which is scheduled for release May 27. The film, which has experienced many delays due to the pandemic and will premiere at the Cannes Film Festival, is expected to turn into a box office hit.
The Hollywood Reporter A recent article by .C. sheds some light on how much money Cruise is making from these huge box office receipts. The report lays out the shocking claim that Cruise “earned far more from movies than the studio did.” While no further details were given about Cruise’s earnings, this is certainly a surprising statement, given that a studio typically takes about 50 percent of a movie’s total gross.
The reason Cruise makes so much money from his movies is that he gets a percentage of his earnings from the day the movie was released. According to the more common practice today, actors make a profit from the revenue generated after the movie starts making a profit.
Today, the release of movies on digital platforms reduces the profits from the cinema screenings and therefore the earnings of the actors. That’s why Tom Cruise is grappling with the decision taken by Paramount Pictures that Mission Impossible 7 stays in theaters for 45 days before its release on Paramount+, and is fighting to delay the film’s digital release.
In today’s Hollywood climate, we can say that a movie’s box office expectations are determined by studio power rather than star power, so Cruise is definitely one of the last of its kind. The success of Marvel Studios, Robert Downey Jr., and some of the biggest stars like Chris Evans, Mission: Impossible probably wouldn’t have lasted this long without Tom Cruise.
