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"Fast & Furious" Insurance Claim May Be Largest in Movie History

Motor Trend logo Motor Trend 5/22/2014 Karla Sanchez

The "Fast and the Furious" franchise is already one of the most successful in movie history, but it may earn yet another place in the record books. According to The Hollywood Reporter, Universal expects to file a record-breaking insurance claim of around $50 million to offset the cost of finishing the seventh installment of the series after lead actor Paul Walker died in a fiery crash late last year.

Originally budgeted at $200 million, "Fast & Furious 7" may cost Universal as much as $250 million after delaying production and having to use a great deal of special effects. Although it's been reported the movie's storyline has not changed significantly, the production team has had use computer-generated technology to replace Walker in the film, using Peter Jackson's Weta digital enhancements. "There is a massive amount of gear," a source told The Hollywood Reporter. Universal has also had to enlist help from Walker’s two brothers and another actor to fill in for the late star. Director James Wan is also coming up with new scenes from unused footage Walker shot for the previous two films in the Fast and Furious saga.Paul Walker Interview© Provided by MotorTrend Paul Walker Interview

As you can imagine, the costs have been piling up, especially when taking into consideration that Universal has to pay other actors in the movie including Vin Diesel, extra money to stick around until production ends more than four months after it was originally supposed to. While it's been understood that Universal is paying what it would have cost to complete the project had the accident not happened, the question now is whether Universal's insurer, Firemen's Fund, should foot the rest of the bill. However, rumor has it that the two entities have been bumping heads over how much of the ongoing work was "necessary" to complete the film. While Universal could have taken the easy route by killing off Walker's character or completely replacing him with another actor, it has decided to use the movie as a tribute to the actor, which helps explain why it's going through all the extra work. Paul Walker Vin Diesel Fast And Furious© Provided by MotorTrend Paul Walker Vin Diesel Fast And Furious

Source: The Hollywood Reporter

Paul Walker Fast And Furious Side© Provided by MotorTrend Paul Walker Fast And Furious Side
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