Jump to content

Upcoming Movies You'd Like To See (2018 Edition)


Recommended Posts

  • Replies 32
  • Created
  • Last Reply

Top Posters In This Topic

One of the more interesting 2018 movies, by my estimation. And I know @Lawnboy13 will be intrigued by this one too.

 

 

Looking forward to this one.

 

Without Tesla, Westinghouse would be nothing.

 

In 1888 Tesla met with George Westinghouse and agreed to license his patents for the sum of $60,000, plus 150 shares of stock and a $2.50 royalty per horsepower generated by his AC motor. Tesla was also given a $2000 a month salary to work for Westinghouse, the equivalent of $48,000 per month today. Furthermore, the $60,000 lump sum was worth roughly $1.4 million in today’s dollars. But Tesla’s real windfall didn’t come from stock, salary or bonuses, it came from those royalties. As AC power slowly became more widely adopted across the country, Westinghouse happily paid Tesla hundreds of thousands of dollars in royalties each year. By 1890, just one year before his 35th birthday, Tesla had become a full fledged millionaire. To give some perspective, $1 million in 1890 would be worth a little more than $25 million today.

 

The War of Currents took a big financial toll on Westinghouse. Edison could weather the storm because he was backed by the millionaire financier J.P. Morgan. By 1907, after nearly 20 years of fighting with Edison, Westinghouse was more than $10 million in debt and teetering on the verge of bankruptcy. Out of desperation, George Westinghouse approached Tesla with a proposition. Westinghouse begged Tesla to lower or temporarily rescind his royalty in order to allow the company to survive. Westinghouse further explained that if the company went bankrupt, Tesla would be faced with the nearly impossible task of retrieving his royalties from a stingy bank creditor. To Westinghouse’s amazement, Tesla tore up the original contract on the spot. Tesla was grateful to Westinghouse for believing in him when no one else would. By tearing up the contract and relinquishing his royalties, Tesla single-handedly saved the Westinghouse Electric company. In return, Westinghouse paid Tesla a $216,000 lump sum for the right to use his AC patents in perpetuity (that’s worth roughly $5.4 million today).

 

In retrospect, Tesla may have been a brilliant inventor but he was a terrible capitalist. In 1907, when he tore up the contract, bankers estimated the value of his patents to be $12 million. Shockingly, $12 million in 1907 is equal to more than $300 million in today’s inflation adjusted dollars.

 

Obviously, the smarter move would have been for Tesla to offer a five year reprieve from the royalty payment to allow Westinghouse to get back on its feet and destroy Edison. Over the next decade, Alternating Current wiped out Direct Current and became the standard electrical system across the world. Had Tesla held onto his royalty over this time, he easily would have become one of the wealthiest people on the planet. Even by conservative estimates, he should have become the richest person on the planet and the first person with a $1 billion net worth. Had he not ripped up that contract, today those same AC motor royalties would generate billions of dollars every year for Tesla’s relatives.

Link to comment
Share on other sites

  • 4 weeks later...

I heard Daniel Day Lewis has a new movie coming out but I don’t know the name. He makes about one movie every three years and is very selective. He’s usually worth the wait and price of admission though, and has won three Best Actor Oscars, more than anyone else in that top category.

Link to comment
Share on other sites

I heard Daniel Day Lewis has a new movie coming out but I don’t know the name. He makes about one movie every three years and is very selective. He’s usually worth the wait and price of admission though, and has won three Best Actor Oscars, more than anyone else in that top category.

 

I read an article about it...Phantom Thread. The movie is about the 1950's fashion/design/coutour scene in London. The movie is out in limited release already. I'm not sure when they're planning on wide release.

 

Daniel Day Lewis said after the movie finished filming that he's now retired from acting.

Link to comment
Share on other sites

I read an article about it...Phantom Thread. The movie is about the 1950's fashion/design/coutour scene in London. The movie is out in limited release already. I'm not sure when they're planning on wide release.

 

Daniel Day Lewis said after the movie finished filming that he's now retired from acting.

I like his acting ability very much. He’s very intense with all his characters. But I’m not sure if this movie would be for me.

I hate that he’s retiring. He’s a legend in the business.

Link to comment
Share on other sites

I like his acting ability very much. He’s very intense with all his characters. But I’m not sure if this movie would be for me.

I hate that he’s retiring. He’s a legend in the business.

 

He's 60...I get it. He's a method actor, and he goes nuts researching every role in addition to virtually living his life in his role for months prior and during filming. That's got to wear a man down.

 

Add him to the short list of great acting retirees...Eastwood, Hackman, Connery, Nicholson.

Link to comment
Share on other sites

Looking forward to The Post. Starts in Louisville this week.

 

Getting about Superhero’ed out at this point but cautiously optimistic about Black Panther. Three pretty darn good Marvel/DC movies last year so maybe trending back in the right direction.

 

Cautious optimism is probably also the right phrase for Ready Player One and A Wrinkle In Time, two books I like that are getting the big screen treatment this year.

Link to comment
Share on other sites

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...

Important Information

By using the site you agree to our Privacy Policy and Terms of Use Policies.