Gibson confirmed the incident to THR as he explained: "I was like, 'What the f*** do you people mean? I turned down three jobs - blah, blah, blah.'
"I was kind of upset, probably a little over the top. It was all posturing bulls***."
According to the weekly, 20th Century Fox had agreed to put in two-thirds of the money in exchange for foreign rights as the legendary studio chief Lansing only had to put in a third.
As the preliminary budget was $65-$70 million, Paramount Studio's head of business affairs Bill Bernstein offered just $15 million upon their meeting with Gibson.
According to former MGM chairman and Paramount producer Alan Ladd Jr., that amount was not even enough to cover budget for the battle scenes.
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The studio also requested for 25 percent of the historical epic's theatrical revenue.
Eventually things were sorted out after Gibson's glass-throwing incident and Paramount Studios revised their offer as they paid for one-third of the budget and accepted a lower distribution fee.
It definitely seemed to be the right move as Braveheart went on to earn over $210 million at the worldwide box office including nearly $76 million domestically.
It also received critical acclaim leading to five Oscars including Best Picture and a Best Director win for Gibson.