Cr. - enewsworld
Ryu Seung Ryong will be receiving hundreds of millions of won in a running guarantee for the success of his film The Gift of Room 7.
The film recently became the eighth Korean film of 2013 to join the 10 million club.
One official commented, "We believe Ryu Seung Ryong will be receiving a running guarantee that amounts to much more than what he was paid to appear in the movie. The Gift of Room 7 was Ryu Seung Ryong′s first film with a running guarantee. He never knew the film would gather more than 10 million, but the amount for his running guarantee has been climbing with the film′s success. We can′t say exactly how much he′ll be receiving because everything will be balanced when the film leaves theaters."
The break-even point for The Gift of Room 7 is at an audience of 1.7 million. For the remaining 8.3 million, Ryu Seung Ryong will be able to claim a certain share for each audience member. Even when set at a minimum of 10 won for each additional audience member, the running guarantee adds up to nearly a 100 million won.
The Gift of Room 7 cost a total of 5.8 billion won to produce yet managed to earn over 70 billion won. It is known to have the highest earnings rate out of the eight Korean films that surpassed 10 million.
A rep from the film′s PR company commented, "Everyone has agreed to keep the running guarantee portion of the contract a secret. We cannot disclose the exact terms or the exact amount."
Another rep from Ryu Seung Ryong′s agency also said, "The film is still in theaters, and many other actors also worked hard for it; we′re trying to be careful about the issues being concentrated only on Ryu Seung Ryong′s running guarantee."