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FORBES: Hollywood's Most Overpaid Actors
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Originally posted by Forbes
Hollywood's Most Overpaid Stars
Eddie Murphy is in desperate need of some career rehab. The Saturday Night Live alum used to be a sure thing in Hollywood. His family-friendly comedies like Dr. Doolittle and The Nutty Professor earned more than $250 million globally each and helped make Murphy one of the highest-paid stars in the industry.
But over the past few years the comedian has struggled. Two of his most recent films, Imagine That and Meet Dave, were colossal failures. Murphy was paid millions up front to star in the films, but neither one earned back its production budget at the box office. Meet Dave earned only $50 million on a budget of $60 million. Imagine That did even worse. It brought in only $22 million on a budget of $55 million.
Those disasters turned Murphy into the second most overpaid star in Hollywood by our calculations. For every $1 Murphy was paid in salary we found that his recent films have returned an average $2.70. To put that in perspective, Nicole Kidman, who ranks 10th on our overpaid list, returns $6.70 for every buck she is paid.
So it’s no surprise to see the 50-year-old Murphy in career-building mode. It helps that he has director Brett Ratner on his side. Ratner helmed Murphy’s latest film, Tower Heist, which hits theaters Friday. Murphy stars as a thief who helps Ben Stiller and a motley crew of amateurs rob a Bernie Madoff-like financier who has stolen their pension money. Early reviews have been decent. Todd McCarthy of The Hollywood Reporter says that “however far-fetched [the film] is all but irresistible in its criminal legitimacy and its promise of just desserts.” Exhibitor Relations expects the film will top the box office this weekend with $26 million.
If the movie is a hit, it will go a long way toward improving Murphy’s reputation and his ability to offer studios a better return on investment. Murphy is also slated to host the Oscars ceremony (which Ratner is producing) next February.
Another consolation: compared to Drew Barrymore, Murphy is a financial superstar. The actress tops our 2011 list of Hollywood’s Most Overpaid Actors, returning just 40 cents (not a misprint) for every dollar the studios spend on her. Barrymore doesn’t earn as much as someone like Murphy but her recent films have performed horribly at the box office. Her 2009 film Everybody’s Fine earned only $16 million globally and her 2007 film Lucky You brought in only $8 million. He’s Just Not That Into You, which Barrymore produced and appeared in, did better earning $180 million globally but we didn’t count it because Barrymore wasn’t really the star of the film.
To create our list we looked at the 40 highest-earning actors in Hollywood. To qualify, each had to have starred in at least three movies in the past five years that opened in more than 500 theaters. Movies that opened after May 1 of this year were not counted.
We also didn’t look at animated films because the stars aren’t really the draw. So Murphy doesn’t get credit for the Shrek movies where he voiced Donkey. Those films have brought in a total $3 billion at the global box office.
We used data gathered for our annual Celebrity 100 list to calculate each star’s estimated earnings on each film (including up-front pay and any earnings from the movie’s box-office receipts and first year sales of DVDs). We then looked at each movie’s estimated budget (not including marketing costs, which are susceptible to accounting chicanery) and box-office and DVD earnings to figure out an operating income for each film.
We added up each star’s compensation on his or her last three films and the operating income on those films, and divided total operating income by the star’s total compensation to come up with a return-on-investment number. The final number represents an average of how much a studio earns for every dollar paid.
Will Ferrell, who topped our list of overpaid celebrities for the past two years, ranks third this time with a $3.50 return for every $1 he was paid. Ferrell’s number improved thanks to his 2010 comedy The Other Guys which brought in a total $170 million at the global box office. Unfortunately for Ferrell, he still has to live with Land of the Lost which earned only $70 million on a $100 million budget.
Just behind Ferrell is actress Reese Witherspoon. The Oscar winner can’t seem to score a hit lately, returning just $3.55 for every dollar she gets paid. A big reason for her low number: last year’s How Do You Know. The romantic comedy (which co-starred Paul Rudd, Owen Wilson and Jack Nicholson) cost an estimated $120 million to produce and brought in only $50 million worldwide.
Rounding out the top five: Denzel Washington. For every $1 Washington was paid his films earned an average $4.25. Looking at the box office of Washington’s last three films it might be hard to see how he made our list. Unstoppable earned $167 million and The Book of Eli earned $157 million. But Washington is an actor who can command as much as $20 million per film. At those prices, movies have to do much better than Washington’s have at the box office in order for him to offer a solid return on investment.
To compile our list we used information gathered for the Celebrity 100 to look at the last three non animation movies each actor starred in over that last three years. We added each actor's upfront and backend pay on all three movies to come up with a total compensation number. We then added up the operating income of the three movies to come up with a total operating income number and then divided total operating income by total compensation. Each return on investment number represents how much the studio is paid for every dollar invested in the star.
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Originally posted by Forbes
No. 1 Drew Barrymore
For every $1 Barrymore is paid, her films return an average 40 cents.
Usually, stars offer poor returns on investment because they charge so much to be in each film. Barrymore is not one of the highest-paid players in Hollywood but her recent films have performed particularly badly. Going the Distance brought in only $42 million on a budget of $32 million.
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Originally posted by Forbes
No. 2 Eddie Murphy
For every $1 Murphy is paid, his films return an average $2.70.
The comedian was once a sure thing, now with stinkers like Meet Dave he's practically box office poison. Murphy has a chance to turn it all around though with his latest, Tower Heist. If the film is a hit and he follows it with a successful performance as Oscar host, he'll be back in Hollywood's good graces.
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Originally posted by Forbes
No. 3 Will Ferrell
For every $1 Ferrell is paid, his films return an average $3.50.
Ferrell breaks his streak as Hollywood's most overpaid star thanks to last year's The Other Guys which grossed a healthy $170 million. Unfortunately for Ferrell, he still has the albatross of Land of the Lost around his neck. That 2009 film earned only $70 million at the box office on a $100 million budget.
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Originally posted by Forbes
No. 4 Reese Witherspoon
For every $1 Witherspoon is paid, her films return an average $3.55.
The Oscar winner lands fourth on our list mostly thanks to last year's How Do You Know. The romantic comedy, which costarred Paul Rudd, Owen Wilson and Jack Nicholson, cost an estimated $120 million to make and earned only $50 million at the global box office.
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Originally posted by Forbes
No. 5 Denzel Washington
For every $1 Washington is paid, his films return an average $4.25.
Washington's recent films have earned decent money at the box office. Unstoppable brought in $168 million. But when the film costs $100 million and Washington is getting paid north of $12 million, a film needs to do better than that for Washington to offer a good return on investment.
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Originally posted by Forbes
No. 6 Nicolas Cage
For every $1 Cage is paid, his films return an average $4.40.
Cage stars in so many films that he's one of the few actors on our with a constant stream of new movies to evaluate. Unfortunately for him, most of his movies don't perform very well at the box office. His most recent movie Trespass, which costars Nicole Kidman, earned only $16,000 (not a typo) its opening weekend.
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Originally posted by Forbes
No. 7 Adam Sandler
For every $1 Sandler is paid, his films return an average $5.20.
Sandler is one of Hollywood's most successful film stars. But he earns so much money that when he has a flop, it drags down his return-on-investment average. That's what happened with Funny People. The 2009 Judd Apatow film earned only $71 million on a budget of $75 million.
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Originally posted by Forbes
No. 8 Vince Vaughn
For every $1 Vaughn is paid, his films return an average $5.20.
Vaughn can be an appealing star in the right movie. His 2008 film Four Christmases earned $163 million at the global box office. But his most recent movie, The Dilemma, was a stinker. It earned only $70 million on a $70 million production budget.
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Originally posted by Forbes
No. 9 Tom Cruise
For every $1 Cruise is paid, his films return an average $6.35.
It's very easy for the stars who earn the biggest paycheck to make our overpaid list. Their films have to earn several times their production budgets in order for the star to offer a good return on investment. Cruise gets dragged down by the 2007 film Lions for Lambs which earned only $63 million at the box office.
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Quote:
Originally posted by Forbes
No. 10 Nicole Kidman
For every $1 Kidman is paid, her films return an average $6.70.
It's been a while since Kidman had a bona fide hit. Her most recent movie Trespass, which costars Nicolas Cage, appeared on video on demand at the same time it hit theaters. It earned only $16,000 opening weekend.
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Poor Drew, she didn't really drew the ratings. 
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Not really surprised by any of these people though.
