When Clint Eastwood signed William Holden to play the role of Frank Harmon in Breezy (filmed November 1972, released 1973), Holden — who had not made a major film since Sam Peckinpah's The Wild Bunch (1969) — agreed to appear for no upfront salary and to accept a percentage of the film's profits instead. Eastwood later admitted he personally thought the picture "wouldn't make a dime," and Universal had let him make the film largely as a favor. The gamble went badly: Breezy performed poorly at the box office, prompting Universal to shelve and later re-edit and re-release it on a limited, four-wall basis in 1974. Because the film generated no distributable profits, Holden received nothing under the profit-participation deal. The Screen Actors Guild intervened and told Eastwood he was required to pay Holden the union minimum — reported as $4,000 — effectively negating the original no-salary agreement. The episode is a compact example of how profit-participation deals can backfire for talent and how union rules stepped in as a safety net, leaving a celebrated star to collect only the minimum after what had been framed as a prestige risk for the director-producer.
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