James Bond is one of the most lucrative roles an actor can hope for. That is, until he makes a deal with Netflix.

The streaming giant pays $ 469 million two sequels of the 2019 mystery film will be released Knives Out, according to the Hollywood Reporter. The film’s director, Rian Johnson, and his production partner, Ram Bergman, are said to each earn “over $ 100 million”. Daniel Craig, who played eccentric detective Benoit Blanc in the film, will also earn $ 100 million to appear in the sequels.

On a per movie basis, that’s double what Craig earned in salary for playing James Bond in No time to die, the oft-delayed 007 film that hits theaters in October. Craig said it would be his last time playing Bond. And why not? He seems to have found an even more opulent home in the streaming space.

Craig’s Netflix salary is considered one of the richest contracts for an actor of all time. Robert Downey Jr. celebrates up to $ 75 million appear as Iron Man in Avengers: Infinity War, between his salary and his base salary, which is a percentage of a film’s box office. Unless Netflix releases the Knives Out movie sequels, Craig won’t have a backend, but he won’t need one. Netflix was more than happy and possibly the only platform able– pay the colossal sum to secure his services.

A deal that only Netflix can make

Netflix outbid on Amazon and Apple for the Knives Out deal, Deadline reported, and traditional movie studios are unlikely to be in serious contention. Netflix generated $ 4.6 billion in profit on $ 25 billion in sales in 2020, according to company records. Lionsgate, the studio that released the first Knives Out, has reached the breakeven point for approximately six times less income last year (pdf).

A “mid-major” studio like Lionsgate cannot hope to compete with the purchasing power of Netflix. And with the drama industry changing, Johnson and Bergman, who own the rights to the franchise, have chosen to go with the streaming service (and its deep pockets) instead of staying at Lionsgate or another studio. of traditional cinema, although these studios would likely commit to a larger theatrical release.

Knives Out was a surprise hit in 2019, earning $ 311 million at the global box office from its modest $ 40 million budget. It’s the kind of mid-budget original film that Hollywood doesn’t do that often these days. But maybe Netflix will fill that role in the future, as studios like Disney focus on successful franchises.

Of course, Netflix is ​​also on the franchise hunt stand out from competition. If you can’t do James Bond, why not just redeem the guy who plays him?