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...money back? Aren't the studios in business to turn a profit? Normally, yes. But nothing about Titanic is normal. After an arduous shoot during which Mechanic fought bitterly with Cameron and even more bitterly with Paramount Pictures, Fox's partner on the film, Mechanic admits to spending a smidgen less than $200 million. (That's without the additional millions it will cost to market it.) The picture will have to gross about $350 million for Fox to break even...
Universal looked for some sort of sweetener--like the promise of a partnership on an upcoming Cameron project. None was offered. In August 1996, Paramount president John Goldwyn called Fox to inquire if Paramount might step in. Paramount had teamed with Fox on Braveheart, Mel Gibson's epic, with the happiest of results: good box office, Oscars. Paramount's tough but charming chairman, Sherry Lansing, had concerns. Could a young star like DiCaprio carry a film this big? And the $100 million budget seemed low. But that Sunday afternoon, Fox executive Tom Rothman eloquently persuaded Lansing that Titanic would...
When documentation arrived, Paramount concluded that the budget was as much as $30 million off. An insider says it allowed only $300,000 for music and about $7 million for special effects. Typically, music in a big movie like Titanic can cost more than $1.5 million. As for effects, Starship Troopers or The Lost World each required more than $20 million worth. Using the threat of a lawsuit, Paramount negotiated an agreement that capped its contribution at $65 million. It was the beginning of what Mechanic describes as "a terrible relationship...
...numbers went inexorably up. A source who worked on the film says the effects cost more than $30 million. Fox tried to hold the overall budget to $150 million, then to $175 million. It repeatedly asked Paramount to ante up a little more--to augment, for example, the music budget. Paramount declined. "They never helped the movie," Mechanic says. "Anytime something could have made things better, it was 'That's your problem.' " Stymied, Fox offered to give Paramount its money back and take over. Paramount didn't take the offer seriously. Rather than lose scenes he deemed essential, Cameron gave...
Communication in any form requires cooperation, but on computer networks the need to agree on common rules of communication is paramount...