Disney's 'Lion King' along with other three dimensional Rereleases Will not Enrich Jeffrey Katzenberg

This story first made an appearance within the March. 21 problem from the Hollywood Reporter.our editor recommendsJeffrey Katzenberg around the 'Heartbreaking' Decline of three dimensional (Exclusive Q&A)Who'll Replace Robert Iger as Disney's Boss? Following a remarkably effective rerelease from the Lion King in three dimensional -- $110 million-plus worldwide and counting -- the studio will reissue three dimensional versions of Monsters, Corporation., Finding Nemo, The Small Mermaid and sweetness and also the Animal throughout the following 2 yrs, and anybody who had profit participation within the originals should see additional dollars. That doesn't mean everybody who done them will get an idea rather than participation, artists frequently get bonuses whenever a movie hits certain defined amounts in the box office. But this doesn't include reissues because galleries usually define them as new releases, exempt from the bonus formulas. PHOTOS: The Giant Screen's Evolution of Speaking Creatures: From 'Mister Erectile dysfunction' to 'Zookeeper' There's another industry large shot who may be under delighted: Jeffrey Katzenberg. Because the studio chief behind such movies as 1989's Mermaid and 1994's Lion King, he re-energized Disney animation. Canned by boss Michael Eisner just days after King's opening, Katzenberg prosecuted for his contracted 2 percent later on profits following a high-profile legal dispute, he settled the situation for any reported $280 million. Because of the new rereleases, did Katzenberg finish up departing money up for grabs? PHOTOS: 10 Big Babies: Movies Which Have Entered the ten Figure Mark The professional's in-perpetuity deal incorporated not just a cut of theatrical box office but additionally ancillary revenue from retailing, Broadway plays along with other tie-inches -- which will get goosed whenever a film is trotted out. "He offered out cheap," states one industry veteran. "You're speaking about 100s of huge amount of money [in revenue from individuals films]. 2 % of that's lots of money. Anything you pay at a certain point over time will probably be dwarfed in what is available in later." Nonetheless, he states Katzenberg did in addition to he could. STORY: 'Lion King' Shoots to list out of Top Ten Grossing Films of-Time Locally Analyst Harold Vogel confirms that since Katzenberg got everything money at the same time within the late ྖs, it wound up getting greater buying energy. That $280 million, he states, will be the same as about $350 million today. Still, because of the creative legacy he bequeathed for an unappreciative Disney, Katzenberg is surely titled to some little griping concerning the circle of existence. Related Subjects Jeffrey Katzenberg The Lion King