What's Happening?
Meryl Streep, Anne Hathaway, and Emily Blunt have each earned $12.5 million for their roles in the sequel to 'The Devil Wears Prada'. This equal pay agreement, known as a 'favored nations' deal, ensures that all three actresses receive the same salary,
a move that was unexpected as Meryl Streep was anticipated to earn the most. The film, which had a production budget of $100 million, allocated $37.5 million to the salaries of these three stars. The movie has already grossed over $250 million worldwide within just six days of its release, indicating a strong box office performance. The actresses are also expected to receive additional bonuses based on the film's continued success.
Why It's Important?
The equal pay agreement among Meryl Streep, Anne Hathaway, and Emily Blunt highlights a significant shift in Hollywood towards gender pay equity. This move sets a precedent for future negotiations, encouraging other actors to seek similar deals. The substantial earnings of the film within its first week underscore the financial viability of investing in high-profile talent, potentially influencing future casting and salary decisions in the industry. Additionally, the success of 'The Devil Wears Prada 2' could lead to more sequels or similar projects, further impacting the entertainment landscape.
What's Next?
As 'The Devil Wears Prada 2' continues to perform well at the box office, the actresses are likely to receive substantial bonuses, potentially exceeding $20 million each. The film's success may prompt discussions about further sequels or spin-offs, leveraging the popularity of the franchise. The industry may also see more actors negotiating 'favored nations' deals, promoting salary transparency and equity. The film's performance could influence studio strategies, encouraging investments in projects with strong female leads and established franchises.
