Elvis Presley Movie Contracts 1 of 3 ...

Elvis Presley Movie Contracts 1 of 3 (by Jeff Schrembs 2013 All Rights Reserved)

Posted in the Elvis Presley Forum

“Jeff Schrembs ”

Since: Jun 09

South (God bless)

#1 Mar 29, 2013
ELVIS CONTRACT FACTS
(by Jeff Schrembs 2013 All Rights Reserved):

Contract # 1 - Paramount on April 25, 1956

Elvis’ first move contract was for a “1 picture deal” with the option for “6 more”. Elvis received $15,000 for the first movie,$20,000 for the second,$25,000 for the third, and increasing to a maximum of $100,000 for the seventh. The Colonel negotiated a provision that allowed Elvis to star, with another studio, for “1 picture per year”. The movies were entitled “Loving You (1957) and King Creole (1958)”. In January 1957 the Colonel renegotiated a $ 50,000.00 bonus, due to the box office success, for Loving You. Nine months later, in November, the Colonel renegotiated successfully for Elvis to receive $30,000 in expenses as well as another $50,000 bonus for King Creole.

Contract # 2 - 20th Century Fox August 1956

The Colonel negotiated a contract which Elvis received $100,000. Elvis would also be “billed” as “co-starring”, in the movie promos and on the movie theatres marquees, otherwise known as “second billing”. Additionally it gave Fox an option for a “2 picture deal” with Elvis to receive the sums of $150,000 and $200,000 respectfully. The Colonel renegotiated in October 1958 for Elvis to receive an increased fee, for the option on the “2 picture deal”, of $200,000 and $250,000. The movies were entitled “Flaming Star (1960) and Wild in the Country (1961)”.

Contract # 3 – Metro Goldwyn Mayer February 1957

The Colonel exerted his right, under the terms of the Paramount contract, to reach an agreement with MGM on a “1 picture deal”. Elvis received $ 250,000.00. The movie was entitled “Jailhouse Rock (1957)”. Worth noting is that the Colonel negotiated a provision, which was previously unheard of in Hollywood, for Elvis to receive 50% of the movie profits.

Contract # 4 - Paramount October 1958

The Colonel renegotiated the 1956 contract so that Elvis received $175,000 along with an option for a “3 picture deal” where Elvis would be paid; $125,000,$150,000, and $175,000. The movie was entitled “G.I. Blues (1960)”.

Contract # 5 - United Artists November 1960

Colonel Parker negotiated a “2 picture deal” and Elvis received $500,000 and 50% of the profits. The movies were entitled “Follow That Dream (1961) and Kid Galahad (1962)”.
Lee

Burbank, CA

#2 Mar 29, 2013
Publicity was telling us in those days that Elvis was receiving 1,000,000 for every movie.

Since: Mar 13

Location hidden

#3 Mar 29, 2013
King Creole should have shown Tom Parker how good Elvis could have become.

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