BPS 085: From Legendary Flop to a Moneymaking Machine with Waterworld's Peter Rader

BPS 085: From Legendary Flop to a Moneymaking Machine with Waterworld's Peter Rader

Author: Bulletproof Screenwriting September 16, 2020 Duration: 1:06:21
Today on the show we have the writer and creator of the legendary film Waterworld Peter Rader. I wanted to bring Peter on the show to discuss what it was like to be a part of one of the biggest budget films in Hollywood history at the time.

For those of you who may not know Waterworld was considered one of the biggest box-office flops in history. The production was plagued with production issues, the script was re-written too many times to count and the budget soars from $100 million to $172 million. The film was a punching bag for the press. Waterworld ended up making $265 million at the box office. That with the revenue generated over the years from television rights, VHS, DVD, special editions Blu-rays the film turned out to be one of the most valuable films in the Universal library.

Where the money machine really gets turned on is from the Waterworld: A Live Sea Stunt Spectacular attraction at Universal Studios Hollywood. The show has been a mainstay at the park for over 20 years, replacing the Miami Vice Stunt Show. The attraction has also been duplicated four other times around the world including Universal Studios Japan and Singapore and has generated Universal hundreds of millions of dollars over the years.

Peter Rader has worked as a film and television writer for 20 years. He has developed numerous projects for other studios, and industry leaders such as Steven Spielberg, Dino De Laurentiis, and John Davis.

He has worked as a cinematographer, editor, and producer on a number of award-winning documentary projects, including AWAKE: The Life of Yogananda, which THE GUARDIAN dubbed the Indie sleeper hit of 2014, following its extensive worldwide theatrical run.

Peter was raw and candid with me about his amazing journey with Waterworld, which is celebrating its 25-year anniversary this year, and his other Hollywood adventures. Enjoy my eye-opening conversation with Peter Rader.

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Ever find yourself staring at a blank page, wondering how the stories you love actually got made? Bulletproof Screenwriting™ Podcast digs into that process with the people who live it. Each week, we sit down for honest, detailed conversations that pull back the curtain on the craft and business of telling stories for the screen. You’ll hear from Oscar® and Emmy® award-winning writers, not just about their triumphs, but about the drafts that failed and the specific problems they had to solve. We also talk with best-selling authors who have adapted their work, seasoned Hollywood agents and managers who know what sells, and various industry insiders who provide a clear-eyed view of how things really work. This isn't about abstract theory or motivational fluff. It's a practical resource built on real experience, covering every aspect of the screenwriting process from that initial spark of an idea to navigating the complexities of the marketplace. The goal is straightforward: to provide you with actionable insights and straight talk that can strengthen your work and clarify your path forward. Whether you're just starting out or have a few scripts under your belt, this podcast offers a grounded perspective on the journey, one concrete discussion at a time. Tune in for a dose of reality and craft from those who have been in the trenches and emerged with stories to tell.
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