'KPop Demon Hunters' Creators Will Hit The Jackpot
Image Source: delivered.co.kr
Journalist Matthew Belloni has just unearthed new details about the deal for KPop Demon Hunters 2. Maggie Kang and Chris Appelhans, the directors and co-writers of the film, are set to receive $50 million from Netflix over five years, along with a cut of the merchandising and music royalties. Underestimating the success of the first film, Sony Pictures Animation was paid a relatively modest sum of $20 million. The film’s success gave Kang and Appelhans greater leverage in negotiations, and it appears their deal is better than ever.
Maggie Kang and Chris Appelhans will be exclusive to Netflix over a period of five years for the production of KPop Demon Hunters 2. They will be paid $10 million per year over this period. The merchandise royalties start now, and the music royalties will come with the sequel. The two of them will be given creative control over the franchise, including consultation on merchandise and spin-offs such as a possible concert tour. Kang and Appelhans are hitting the jackpot, but SPA has also received their cut as well; receiving a $20 million bonus for the first movie and $40 million for the next. KPop Demon Hunters has been an unexpected success, and now everyone is reaping the rewards.
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Source: Polygon
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