THE Da Vinci Code is one of the most eagerly anticipated films of the year but its significance to Hollywood may go deeper than mere box office success: Tom Hanks has delighted his studio bosses by accepting a pay cut for his role as the book’s art sleuth hero.

Facing declining cinema audiences, Hollywood is trying to persuade its top actors to set an example by cutting back a lucrative arrangement known as “first dollar”, under which the director, producer and stars receive a share of a film’s box office take regardless of whether the studio has covered its filming costs.

Hanks had been expected to share 40% of the takings of The Da Vinci Code — to be released in May — with Ron Howard, the director, and Brian Grazer, the producer, in addition to their own fees. Instead, they will reportedly settle for 25%. Studios hope this will become the industry standard, claiming that this will leave them with more money to spend on the films.

Cameron Diaz, who is second only to Julia Roberts in the female stars’ pay scale but still earns on average half a top male star’s salary, is said to have agreed to forgo her “first dollar” deal to star in a romantic comedy called Holiday.

Sony, the studio, said it had no choice after a number of recent box office disappointments and promised to make it up to Diaz in the future. “Let’s not get too weepy here,” said a Sony executive. “Cameron Diaz is thinking of the future and she is still getting north of $10m (£5.7m) for the two months’ work.”