Sirwalterraleigh
Premium Member
It's still a very incomplete picture and does not account for residuals, participation, overhead ongoing post theatrical marketing spend, SVOD, PVOD or streaming. Which is why there is a false sense of knowing an additional data point (other than the marketing spend appears standard) does not give us enough to change the approach.
Doubling the numbers we were given pushes more to a 3X multiplier than a 2.5X. That's what Gunn is alluding to ultimately. The cut off isn't really 700M. It's probably closer to that 560 mark.
The “expansion” on what goes into the initial release math has become a moving goalpost that seems to be interpreted more “liberally” by the minute. It’s going too far into “ancillaries”…which is not a new thing at all