Evidence receipt / belief
Published · transcript-backedMichael Ovitz: belief
21 Dec 2021 Acquired CAA (with Michael Ovitz)
“Prior to that, artists were paid what's called flats, which is a flat fee, and they didn't get basic participation. I think that what he did is he changed the entire fabric of the business.”
Source trail
Everything needed to verify it.
- Speaker
- Michael Ovitz
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 21 Dec 2021
- Publisher
- Acquired
- Episode
- CAA (with Michael Ovitz)
Transcript context
…Even for the folks where it was a large amount, it was committed upfront. They didn't get a share of the proceeds until—who was the first to really get a gross proceeds deal? The first is the famous story of the movie Winchester '73, where Lew went into the studio and suggested a lesser front money payment for a piece of the back end. Prior to that, artists were paid what's called flats, which is a flat fee, and they didn't get basic participation. I think that what he did is he changed the entire fabric of the business. So that was Jimmy Stewart in Winchester '73 and Lew was his agent.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.