Hollywood Squeezes Stars' Pay In Slump

Hollywood Squeezes Stars' Pay In Slump

Hollywood, needing to cut costs in lean times, is starting to say no to its stars.

For years, the biggest movie stars often landed deals paying them a percentage -- sometimes as much as 20% -- of a studio's take of box-office revenues from the first dollar the movie makes, even if it turned out to be a flop that cost the studio millions. As a result, the biggest celebrities broke the $20 million mark. Eddie Murphy got a big payday for the flop "Meet Dave," which cost Twentieth Century Fox about $70 million and took in only $11.8 million at the domestic box office.

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