We reported to you, just a couple of days ago, that Sharon Stone’s feud with Basic Instinct producers Andy Vajna and Mario Kassar was over concerning the failure to make Basic Instinct 2 and Variety now reports that MGM is in active negotiations with the producers over financing the pic.
“We’ve reached a settlement in principle, but it hasn’t been signed yet,” Stone’s attorney Bert Fields told Daily Variety. Fields said the complex settlement agreement includes a potential contract for “Basic Instinct 2.”
“We are in the process of working out all those things, and we all believe the picture will be made,” he added. The settlement contains provisions for settling the case even if the movie doesn’t get made, Fields said, but he did not elaborate on the terms of the settlement.
Stone sued in 2001, claiming she had an oral pay-or-play agreement with Vajna and Kassar under which she would receive $14 million against 15% of gross receipts to reprise the role of Catherine Tramell, the icepick-wielding murderess, in the sequel to “Basic Instinct.” Original had a worldwide gross of $400 million, with domestic gross of $117 million.
