Johnny Depp has been in the news a lot lately regarding the state of his finances. He's currently involved in a lawsuit with his business managers over the issue and new information seems to show just how bad things were for Captain Jack. As part of the ongoing legal wrangling regarding subpoenas and depositions, the management team at The Management Group (TMG) have made personal correspondence between them and Depp public. According to at least one email, the actor was using his future film projects as a way to pay off his existing debts.
In an email to Johnny Depp, TMG head Joel Mandel discusses the money that the company has borrowed in order to keep the actor solvent financially, and tries to schedule a meeting with the actor to discuss how to get the borrowed money paid back. Depp responds with what was apparently his plan: make movies. You can read Depp's exact response below, spelling and punctuation are his own.
Know that i will be starting THE TOURIST, on or about the 15th of february; which will be 20 mil. i will then go, virtually, straight into PIRATES 4, for 35 mil and then in turn to DARK SHADOWS for another 20 mil. i hope that by the amount that will be coming in from work in the coming year and also from back end proceeds, etc., will put everything straight.
If you've been keeping tabs on Johnny Depp's career in recent years, you might notice that those three films, The Tourist, Pirates of the Caribbean 4 and Dark Shadows all have at least one thing in common. They're not very good. In the email reprinted by Deadline, Depp is looking at the films primarily as ways to bring in money. One has to wonder if this perspective may have had an impact on the movies themselves. With $75 million apparently coming in, plus whatever "back end proceeds" one would think there would be more than enough money to get Depp back on his feet financially speaking. Of course, if Depp's spending habits are what his business managers have claimed, the money might be much tighter than it appears.
Johnny Depp has sued TMG for mismanagement of his money, while TMG has countersued Depp, for fraud, claiming that they did everything possible to help Depp with his money and "protect Depp from himself." The public release of documents comes as Depp attorneys are apparently trying to quash subpoenas for documents that TMG is requesting. The email is part of TMG's argument as to why the subpoenas are valid. They show that Depp was well aware of the financial problems he was facing.
Clearly, this case is far from over. Stay tuned to CinemaBlend for more details as this case unfolds.