Tom Cruise’s film insurance ‘Sky-High’
Although actors such as Tom Holland, 28, Charlize Theron, 48 and Harrison Ford, 81, have done stunt work, the performance of Cruise continues to steal the spotlight – and stressively are donors.
Skydance CEO David Ellison said that Cruise once demanded a production fire, an insurer who refused to cover his skyscraper-hunging stunt Mission: impossible – ghost protocol.
The length producers go to the ambitions of Cruise are matched by their costs.
Marc Idelson, CEO of Reel Media, explained a production package of insurance – that coasts cast, material damage, sets and more – usually varies from 1 percent to 2.5 percent of the budget of a film.
Unraveling the exact value of Cruise account is a nightmare because his stunts have an impact on every part of the production – from timing to having safety teams and a doctor on the set.
But on a movie like his Dead settlementWith a reported budget of $ 291 million, this can mean premiums from $ 2.9 million to $ 4.4 million.
Tim O’Hair, a producer and film manager who teaches at Chapman University, emphasizes when stars such as cruise are contractually mentioned as “essential elements” insurance premiums.
He said: “Getting an essential element insured can lead to increased insurance costs, because the image cannot be delivered without the aforementioned element.”
