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Roy Lee:
King of the Asian Box Office Smash Remake


Roy Lee is the man Asian studios turn to when they want top dollar for a Hollywood reincarnation of their successful original films.

by Genessee Kim

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Roy Lee:
King
of the Asian Box Office Smash Remake

or a guy who makes big bucks watching movies for a living, Roy Lee is overdressed and overgroomed. He's cleanly shaven and sports simple spectacles that give him an air of earnestness. He wears an elegant, fitted black shirt, expensive slacks and beautiful mahogany leather shoes. The only thing out of place is an unruly tuft of hair that bounces as he walks. Lee looks about 32. All in all, he looks more likely to gnosh gourmet Japanese than scarf down barbecue-flavored potato chips and guacamole dip. Apart from a few movie posters, the only thing about Lee's office that suggests his profession is the giant plasma screen that hangs from the wall on the far end, a gift from Cineclick Asia.

     The name may not ring a bell, but you've probably heard of the horror flick The Ring (2002). Who hasn't? It grossed $129,094,024 in the U.S. alone. Roy Lee is largely credited with discovering the Japanese horror flick called Ringu and persuading Dreamworks to gamble on a remake for U.S. audiences. Lee's good instincts and familiarity with the largely untapped resource of the Asian film industry gives him an edge over other would-be producers.

     “They had seen European horror movies and small U.S. horror films, but Asian horror films were an untapped resource,” he says.

     “It's not very hard,” says Lee of his occupation. The most difficult thing? Finding worthwhile projects. These days though, he's down to watching only five to ten films a week. When the company was younger, he had to spend a lot more time in front of the screen.

     “There's just so many ideas and people to execute all of it,” says Lee. “The most important thing in the filming process is getting the good script. Without the script you have nothing. The script stage is how it all starts.”




Roy Lee in his Beverly Hills office. Lee was billed as the Executive Producer of 2002's biggest hit horror flick The Ring.


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     The volume of material submitted to Vertigo requires a staff to sift through them. The ones they like are the only ones Lee screens. Occasionally he'll make exceptions.

     “The ones where I know the filmmakers or I really like the story line or just that I hear alot about, I'll watch myself,” he says.

     Even with culling by his staff and Lee's own selection process, on average he watches twenty films to discover one gem. Vertigo completes 15-20 deals each year. In its early days Vertigo Entertainment typically earned about $300,000 for each one. Today it is more likely to earn a million against 2.5% of gross revenues. His industry reputation as a remake broker is misleading, points out Lee. Some of his projects are original script ideas or book adaptations.

     Lee cofounded Vertigo Enterainment in the fall of 2001 with another young producer named Doug Davison. The Beverly Hills-based company employs five people. Lee typically handles negotiation between the Asian and American sides while Davison works with writers to develop new scripts, including the adaptation of Asian films into something geared toward the American mainstream. Vertigo plans on expanding into television next year.

     “We work on everything up until filming,” Lee boasts. That includes script adaptations and the casting of lead roles.

     Lee's recent projects include this summer's Dark Water which stars Academy Award winner Jennifer Connelly as a single mother who moves into an apartment and becomes the target of an unhappy spirit.

     “We offered Jennifer Connelly the lead role in The Ring,” Lee recalls. “She turned it down. But now because the movies have been successful, it's easier to get actors attracted to the projects.” He says this without bitterness.

     Vertigo's current projects include upcoming remakes of three top-grossing Corean films: action/suspense thriller Old Boy, romantic comedies My Sassy Girl — one of Lee's personal favorites in the genre — and Il Mare. Another is the most acclaimed Hong Kong film in recent memory, Infernal Affairs. Retitled The Departed, the remake is directed by Martin Scorsese and stars Leonardo DiCaprio and Matt Damon. This is the film for which Lee has gotten the most up-front cash for an Asian studio — $1.75 million.

     “You gain trust by having financial offers,” says Lee, “sort of like the trust is the money that is backing it.” PAGE 2

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“There's just so many ideas and people to execute all of it,” says Lee. “The most important thing in the filming process is getting the good script. Without the script you have nothing. The script stage is how it all starts.”



Dark Water is the most recent of Roy Lee's projects to hit the box offices. Jennifer Connelly originally turned down an offer to star in The Ring but agreed to star in this summer horror remake in light of Vertigo Entertainment's successful remakes.



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