Thursday, 22 May 2014

Fast & Furious insurance claim 'set to reach $50M' following Paul Walker's death

In the midst of filming Fast & Furious 7, Paul Walker's sudden death sent the nation into shock in November.
And the tragedy is now reported to spark the 'largest insurance claim in Hollywood history,' according to The Hollywood Reporter.
Estimates place the claim at $50 million, as the final installment of the Fast & Furious franchise is currently undergoing an elaborate, action-packed 13-week shoot which isn't set to end until July.
Financial effects: Paul Walker's death is reported to spark teh 'largest insurance claim in Hollywood history'
Financial effects: Paul Walker's death is reported to spark teh 'largest insurance claim in Hollywood history'

This may have caused some strain between Universal Pictures and its insurer, Fireman's Fund, as expected costs have risen exponentially since Paul's passing.
'They are finishing the film more or less as scripted, replacing Paul with [computer-generated] face replacement,' a source told the publication of the blockbuster movie initially budgeted at $200 million and now estimated to be at least $250 million.
To take on his physical proportions, Paul's brothers, Cody, 25, and Caleb, 36, are filling in when necessary.
Replacements: Paul's brothers, Cody, 25, and Caleb, 36, are filling in when for the late actor
Replacements: Paul's brothers, Cody, 25, and Caleb, 36, are filling in when for the late actor

And to mimic Paul's action-packed performance as Brian O'Conner, filmmakers have recruited actor Peter Jackson Weta, who is taking on the effects work.
To pull this off, three cameras, as well as main-unit cameras, are needed.
'There is a massive amount of gear,' the source added. 'Everything they want with Paul gets done three times over. Three [actors] times seven cameras per shot is a clusterf*** of money being spent.'
Director James Wan is also said to be creating new scenes from unused footage from the past two Fast & Furious films.
Tragedy: Paul died in a car crash in Santa Clarita, California in November
Tragedy: Paul died in a car crash in Santa Clarita, California in November

Paul's tragic Porsche car crash resulted in the filming to be delayed over four months, writer Chris Morgan to rework scenes and actors - including Vin Diesel - to be paid more due to additional shooting time.
The grey area for the movie-business insurance and the studio's broker, Aon/Albert G. Ruben, lies in determining how much the rest of the film would have cost with Paul on set as opposed to currently without.
Insurance broker Brian Kingman of Arthur J. Gallagher & Co. believes Fireman's Fund will have to splash out over $50 million on the feature film.
Technology: 'They are finishing the film more or less as scripted, replacing Paul with [computer-generated] face replacement'
Technology: 'They are finishing the film more or less as scripted, replacing Paul with [computer-generated] face replacement'

While a Universal spokeswoman claims that Fireman's Fun has been 'nothing but supportive,' another source claims the insurer and Universal don't agree with how much Paul's death has impacted filming costs.
Regardless, Universal did resume filming back in April and is even planning to follow-up with one or more sequels.
Fast & Furious 7, which is said to act as a tribute to Paul, is due out April 10, 2015.

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