Nets share window for $25 mil
ABC and Turner Broadcasting’s TNT/TBS reinforced their stance as the most aggressive buyers of theatrical movies, ponying up a total of $25 million to share the network window on “Jurassic Park III.”
ABC will shell out about $15 million for the first crack at “Jurassic,” getting the initial four runs over 21 months, beginning in February 2004. After a rest period, TNT will fork over $10 million to get its runs of “Jurassic” in November 2006 for a 3½-year exclusive window during which the movie will shift between TNT and TBS.
The $25 million license fee factors out to less than 15% of the pic’s domestic gross, which will probably end up at a healthy $180 million. The 15% figure used to be the standard for a theatrical movie in the network window. But a sluggish upfront market, which could be heightened by the terrorist attacks on the World Trade Center and the Pentagon, has kept movie prices in the doldrums during the last few months.
ABC and Turner have taken advantage of the lower prices. In recent months, the Alphabet net has purchased, either exclusively or in a shared window, such titles as “Pearl Harbor,” “The Mummy Returns,” “The Fast and the Furious,” “The Princess Diaries,” “Scary Movie 2,” “A.I. Artificial Intelligence” and, still in production, “Spy Kids 2.”
Not to be outdone, Turner has stepped up for such titles as “Lara Croft: Tomb Raider,” “Rush Hour 2,” “Save the Last Dance,” “Legally Blonde” and “Along Came a Spider.”