Warner Bros. Spends Big: ‘Joker 2’ Budget Hits $200 Million, Lady Gaga’s $12 Million Payday, Courting Tom Cruise’s New Deal and More

February 22, 2024

In January, Warner Bros. Motion Picture Group chiefs Michael De Luca and Pam Abdy jetted to London to connect with the new crown jewel of the studio, Tom Cruise. “The strategy at Warner Bros. right now and the reason they made some of these big star deals is they’re basically playing with other people’s money,” says one insider. In April, Warner Bros. As merger mania draws near, De Luca and Abdy seem unwilling to push back on talent asks. Despite the pressure to acquiesce to demands from top talent, De Luca and Abdy can still say no.