East of Eden cuts budget even further
MBC’s East of Eden has already cut its budget once by lowering the actors’ salaries, but it’s further cutting its production budget. Originally planned as a 25 billion won project (approx. $19 million) for its 50 episodes, it is now curtailing that amount to 18 billion won ($14 million).
I wonder if the prodco is now kicking themselves for blowing a lot of their early money on overseas location shoots — Hong Kong, Macau, Japan. (They say no, but they have announced that they’ve nixed the foreign shoots from about four episodes, which will be filmed domestically instead.)
It’s rough times all around, y’all. We keep hearing about the slumping K-entertainment industry, which was on the decline even before this year’s massive global economic meltdown. As a result, lots of actors (Go Hyun-jung, Choi Ji-woo, Kwon Sang-woo, Song Seung-heon) are lowering their asking fees because the productions can no longer afford their astronomical rates. Pop goes the actor-salary bubble! (And those who don’t, like Park Shin-yang, are punished by being banned from dramas and/or not being nominated for a Daesang. Understandable, but a bit harsh since some of that is a result of retroactive resentment for contracts that were negotiated ages ago.)
Via Star News