Keanu Reeves Gave Up $40 Million From ‘Matrix’ Sequels to Thank Production Team

by Jeremy Spirogis
Keanu Reeves at a

Keanu Reeves has survived this lengthy in Hollywood for a motive. He’s a terrific actor, and with critical vary. He isn’t afraid of a problem, and sometimes takes on roles that permit him flex his appreciable performing abilities, even when the initiatives aren’t blockbuster degree.

But what followers actually love about Reeves is that he looks as if an all-around nice man. There have been loads of horror tales popping out of Hollywood within the final 12 months, however Reeves’ identify stays unsullied. In truth, loads of the tales which have come out about Reeves solely paint him in a greater mild. 

Keanu Reeves gave up back-end factors from ‘The Matrix’ sequels 

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Experienced film and tv fanatics could know what back-end factors are, however for the uninitiated, these are normally proportion factors. The factors correspond to a proportion of earnings from a film or tv present.

This could be carried out a variety of alternative ways, relying on how the star and the producers work issues out. But principally, if the film makes a revenue, the celebs who’ve back-end factors written into their contracts will get a bit.

Keanu Reeves at a 'John Wick: Chapter 3 -- Parabellum' screening
Keanu Reeves at a ‘John Wick: Chapter 3 — Parabellum’ screening | ROBYN BECK/AFP through Getty Images

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This is completely different from residuals, that are funds for re-use of the work, and paid by the distributor. Residuals are huge in tv, the place exhibits are sometimes syndicated on completely different channels after they first air. 

Reeves, who’s famously extra within the craft of performing than the money, gave away a big chunk of his back-end factors for The Matrix to the particular results and costume design crews. Given the truth that loads of The Matrix is cool results and glossy costumes, it is smart.

According to a film exec: “He felt that they were the ones who made the movie and that they should participate.”

Keanu Reeves nonetheless made some huge cash on ‘The Matrix’ trilogy 

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Reeves didn’t stroll away from The Matrix at a loss. He made $10 million up entrance for the film. Plus although he gave away loads of his back-end factors, he nonetheless had sufficient left over to earn $35 million after the movie got here out. 

It’s unclear whether or not or not Reeves stored some back-end factors for himself within the contract on goal, or if the $35 million was mandated by the union. SAG, the Screen Actor’s Guild, is a strong union with loads of pull in Hollywood. Some funds are managed by SAG, like residuals.

These funds are calculated by formulation managed by the Guild, and it is perhaps tough for Reeves to present that cash away earlier than it’s made, like he did together with his back-end factors. 

This isn’t the primary time Keanu Reeves has given up cash to make an excellent film

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Reeves is known for giving up cash to make an excellent film. The Matrix appears to be the primary occasion of Reeves giving cash on to a manufacturing crew, however he has given up wage not less than two different occasions to be able to add extraordinarily proficient actors to his pet initiatives.

For The Replacements, Reeves agreed to take a minimize to work with performing legend Gene Hackman. The result was a terrific movie that stands the check of time. He did the identical with Devil’s Advocate to be able to get Al Pacino on board, with the identical outcomes. 

Studio execs have truly made films that they felt could be less-than worthwhile simply to get Reeves to signal on to their blockbuster initiatives. Sweet November and Hardball have been each films Reeves needed to combat to make. All this historical past simply solidifies what followers already knew. Reeves loves films greater than cash. 

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