Netflix number one movie hit a tag with $ 230 million in cost

Netflix’s ‘back in action’ cost more than $ 2 million to make

Netflix

Netflix revealed that the costs of one of its largest films were 2025. Grew by 11.8% to $ 231.7 million last year before debuting number one.

Netflix is ​​not known for saving. In March this year, her chief financial officer Spencer Neumann praised to spend about $ 18 billion in cash in content this year and that could be increased in the future.

This does not mean that consumption is unverified. Far from it, because Netflix has only such a strong cash flow to invest in content because it keeps closely around costs. This is crystal clear in the latest releases of earnings for one of its largest films in the year.

Called Back into actionComedy Action Flick Stars Stars Cameron Diaz and Jamie Fokk as a pair of married former CIA spies who pulled into spy after their secret identities. Rounding the list list is Glenn Close who plays former sniper sniper and about an alienated mother of Diaz’s character. Fictitely appointed film is the first film role of Diaz was in 10 years and comes from Bigona Ere.

Like the 1990 spy commissions who inspired it, the plot is obviously cliched and it was not good with critics. They gave it a grade of only 30% on the inspection of the rotten tomato aggregators and although the audience was generous, they still only achieved 60%. If the film played in theaters that could have been the death of the knee.

Many theatricals are picky about what they look at due to high map costs. This means that they have research films in advance, which is why they are rowing tomatoes can be crucial. In contrast, Netflix subscribers pay a permanent monthly fee, so there is no reason not to give a movie. Clouds are heard in the first row, but Back into action Had a sleeve trick to ensure that.

The residue of the glittering sheet was driven by media exposing of a film that contributed to rocketing at the top of the Netflix global list of the most modern English films with 88.9 million hours of watching in its opening week. It wasn’t cheap.

Although the film is a globe adventure, it was actually made on the historic Pinewood Studio in the United Kingdom that raises the curtain how much it costs.

‘Back in action’ was mostly shot in the UK

Netflix

Studios recording in the UK benefit from government audio-visual expenses (AVEC) that gives them cash compensation to 25.5% of money spending in the country. Comes with the breakfast.

In order to qualify for compensation, movies must pass a test point based on factors such as lead actors from the UK and how much work works ended there. In addition, at least 10% of their basic costs should apply to activities in the UK and to demonstrate the government, studies set a special company for film production (FPC) for each image.

Each FPC must submit annual financial statements, but it takes a little detective work to reach the bottom of them.

The FPC usually have code names so that they do not attract fans at the latest film licenses on site. Covering the products with productions responsible for the necessary deep industry that my colleague and I built almost 15 years of reporting. We are the only journalists around the world who specialize in covering financial statements for the production of broadcasting companies for national media and reported more than 10 leading titles including London times, Guardian, Daily telegraph, Independent and the London Evening Standard.

Once the code names are properly set with movies, the financial statements of the corresponding FPC can be consulted to reveal how much the movie costs. That is because Conditions From the state of compensation that each FPC must be “responsible for pre-production, main photography / filming and post-production film; and for the delivery of the completed film”. In short, FPC financial reports must show the entire costs of production, and not only those incurred in UK Studios are not allowed to hide costs in other companies, because terms also cite “can exist only one FPC in connection with the film.”

Netflix branch behind Back into action It is called Oasis Productions and, as well as with all companies in the UK, its financial statements are released in phases long after the period related to that. This starts during pre-production and continues after the premiere to provide a time team to ensure that all accounts are paid.

Explains why the latest applications cover the period until 31. December 2024, just over two weeks before the film debuted. The company’s earnings report shows that a total of $ 231.7 million (185 million pounds) was spent in production, which is far from the negotiating basement, but is neither gigantic. Food, consumption hit the mark given impressive image performance.

It is not lost on Netflix, which is listed in the release of earnings that “satisfied with the company’s budget performance.”

One of the largest individual cost production costs was $ 13 million (£ 10.4 million) that spent on staff who reached a top average of 142 people. This does not include freelancers, performers and temporary workers because they are not listed as employees in the books in the UK, but often represent most crews on reducing film. However, that is not the end of the story, because government compensation had a magical touch at the bottom of the image.

The compensation is limited to 80% of basic costs to return a maximum of 25.5% of money implemented in the UK, manufacturing companies must ensure that at least 20% of their basic costs are spent abroad. Netflix used it full as Back into action It was also shot in Slovenia and Atlanta.

The UK has not only become a popular recording location due to the high level of its compensation, but also because there is no restriction in the amount that can be paid. That’s not all.

In addition to the recent consumption in the UK, the study can also get a passerver compensation What are known as neutral costs in all production, such as insurance and payment to high manufacturers, writers and directors.

These costs can be requested in proportion to the amount of activities in the UK, for example, if consumption only represents 22% of the total budget, then 22% of neutral costs will also qualify for compensation. Consequently, the level of compensation can be entered near a third of the total costs which is astonishing amount.

The Easis Production Security Report shows that by the end of last year the total total compensation in the amount of $ 49.7 million (39.6 million pounds). This comes up to 21.4% of total costs and brings net spending on a film up to $ 182 million.

It is a powerful spell in the Great Britain’s economy. The latest data from the British Film Institute (BFI) show that 2019 years every 1.31 (£ 1) compensation generated by $ 10.88 (£ 1.38) Additional gross additional values ​​added (GVA) to a large extent. It led to a total of $ 10.1 billion (7.7 billion pounds) in GVA, which is generated by fiscal film incentives in 2019. years.

Netflix is ​​one of the greatest contributions to him and invested almost 6 billion billion billion and films in the UK between 2020. and 2023. years. As long as they continue to be as popular as Back into action It is well spent money.