Thursday March 27, 2008
PROJECTS ANNOUNCED
In a preemptive spec deal, Dimension Films has acquired “Janky Promoters,” the first script that Ice Cube has written since the final installment of his “Friday” series. Cube will star in the film and produce with Cube Vision partner Matt Alvarez. Cube took less money upfront but will partner with Dimension on the proceeds after recoupment on a budget likely to be about $10 million. “Janky Promoters” sets Cube and another actor as music promoters who get the chance to book a top-tier hip-hop artist into a midsized California venue. The pair are ill equipped for such a task and everything goes wrong. A director is expected to be named soon, with casting to begin immediately. Dimension topper Bob Weinstein said he is determined to land a big-name rapper to star as himself. “This feels a lot like ‘Uptown Saturday Night’ to me, a caper film where you have these music promoters who are slightly shady but are good enough guys that you root for them,” Weinstein told Daily Variety. “This is going to be R-rated, and it appeals right to the core of Cube’s audience.” On the deal specifics, Weinstein said: “He’s producing the movie, sharing in the funding, so it’s more complicated than previous deals we’ve made with Cube. He’s a brand, like Tyler Perry, and that’s the direction he’s headed in. We’re happy to assist him in that because we believe in him.” Weinstein is already working out the details for an early summer start date that will factor in Cube’s promotion schedule for “The Long Shots,” the Fred Durst-directed Dimension film that Cube just wrapped as star and producer. The Weinstein Co. can set a June start date because it is non-signatory and eligible for the guaranteed completion contracts that SAG has pledged for indies if an actors strike takes place. Cube has a first-look Dimension deal and is also developing “Welcome Back, Kotter” as a starring vehicle. Ice Cube is repped by WMA, The Firm and attorney Matt Johnson.
Tobey Maguire is attached to produce “Afterburn,” a comicbook adaptation that Neal Moritz’s Original Films is producing. Relativity is in talks to board to the post-Apocalyptic project, based on Red 5 comic. Story begins one year after a solar flare burns half of the planet, when treasure hunters go back the scorched portion to retrieve valuable artifacts. Paul Ens and Scott Chitwood wrote the comic.
Montecito Pictures has fallen for “Underage,” buying the romantic comedy spec by the writing team of Scott Neustadter and Mike Weber (“Pink Panther 2″) for mid- against high-six figures. DreamWorks-based Montecito, which is fast-tracking the project, purchased the script late Tuesday out of its discretionary fund. The shingle plans to use its Cold Spring Picture financing vehicle, under which Montecito and the studio share production costs and ownership of films. Story is centered on a man in his mid- to late 20s who goes home with a young woman he’s met in a bar. Later, he discovers she’s only 17 — a fact that allows her to blackmail him into being her boyfriend for the next six months.
Michael Dougherty has teamed with Walt Disney Pictures and Robert Zemeckis’ ImageMovers on “Calling All Robots,” an animated sci-fi adventure the scribe plans to direct using the same type of performance capture technology recently deployed to produce “Beowulf.” Dougherty will pen the project with Breehn Burns and Simeon Wilkins, who will serve as artists and visual designers on the project. The trio conceived the idea together. Details of the project are being kept under wraps, but it uses performance capture to “tell a story that’s a throwback to old Godzilla movies,” Dougherty said. “I grew up watching Godzilla movies. This film is very much rooted in those movies.” ImageMovers’ Zemeckis, Jack Rapke and Steve Starkey will produce.
U.K. production companies Aria Films and Full Circle Films are combining with post-production facility Axis3D to make “The Mortician,” a thriller in 3-D. The redemption tale in which kindness triumphs over cruelty falls within the urban noir, contemporary fairy tale and psychological thriller genres. Full Circle Films’ principal Gareth Maxwell Roberts penned the script and is set to direct, with Aria topper Carlo Dusi producing. Dusi produced Roberts’ 2006 debut feature “Kill Kill Faster Faster.” Casting is under way on the pic, which is skedded to shoot in early 2009 and will be delivered in regular format as well as 3-D. Axis3D will provide all equipment required to shoot the film in 3-D. All post-production for the feature will be completed using the Axis3D suite at Concrete in London’s Soho.
The life of a Thai female convict who became a boxing champion is to be turned into a movie by L.A.-based Thai director Naruemol Sriyanont. The president of Women in Focus Prods. is in Bangkok with American producer Tim Zajaros to announce her plan to make a feature based on the life of Samson Sor Siriporn, who won the World Boxing Council’s women’s light-flyweight championship while behind bars in 2007. Samson was sentenced to 10 years for drug dealing. She was released in June, three years ahead of her term. “Her life is an example of a woman who’s made mistakes and is ready to turn around and make amends,” said Sriyanont, whose past works included documentaries on HIV-infected women. Sriyanont is researching and writing the script. Sor Siriporn will defend her title in Pnom Penh on April 26. Her challenger is Japan’s Koyoko Ebata.
PROJECT UPDATES
Director Oliver Stone has set James Cromwell to play George Herbert Walker Bush and Ellen Burstyn to play former first lady Barbara Bush in “W,” a drama about the formative years of their son, President George W. Bush. Josh Brolin is playing the title character, and Elizabeth Banks will play first lady Laura Bush. Stone will direct from a script by his “Wall Street” co-writer Stanley Weiser. Moritz Borman is producing with Bill Block and Jon Kilik. Block’s QED International is financing the film, which will begin shooting Shreveport, La., at the end of April.
ACQUISITIONS/ FESTIVAL NEWS
IFC has acquired domestic rights to Israeli filmmaker Eran Riklis’ drama “Lemon Tree.” IFC prexy Jonathan Sehring praised Riklis’ ability to convey “more about the state of the Middle East than most newspaper headlines.” Pic, inspired by true events, follows the story of a Palestinian widow who defends her trees against the Israeli defense minister, who wants to raze them in the name of security, and ends up finding a bond with the defense minister’s wife. Riklis is best known for directing 2004’s “The Syrian Bride.” Both pics were co-written with Suha Arraf. “Lemon” stars Hiam Abbass and Ali Suliman. Film was co-produced by Bettina Brokemper, Antoine de Clermont-Tonnerre, Michael Eckelt and Riklis.
Shanghai auds will be treated to a showcase of the past year’s French films from April 15-19. Pics include “Asterix at the Olympic Games,” “Towards Zero,” “Hunting and Gathering,” “Dragon Hunters” and “Go West! A Lucky Luke Adventure.” The fifth French Film Panorama will screen at four Shanghai cinemas. Event is co-hosted by Unifrance, the French Consulate in Shanghai and the Shanghai Film Festival. All pics will be presented in their original language with Chinese subtitles. A delegation headed by Pathe CEO Jerome Seydoux and including veteran French filmmakers and producers will talk to audiences about the pics.
BUSINESS NEWS
In what NBC Universal calls “a groundbreaking deal,” cabler FX will pony up more than $100 million to buy 15 Universal theatrical movies, the bulk of which are prebuys of titles to be released throughout the year, including “The Mummy: Tomb of the Dragon Emperor.” Frances Manfredi, executive VP and general sales manager of NBC U Domestic TV Distribution, said FX made “a preemptive bid” as part of its “aggressive film acquisitions strategy.” Chuck Saftler, exec veep of FX, said he has embarked on a forceful movie strategy because fresh primetime theatricals are big draws in the coveted 18-49 demo. Although FX finished 11th in total viewers last year among ad-supported cable networks, it wound up fifth overall in adults 18-49. It’s impossible to put a precise license fee on the Universal/FX deal because the final number is directly tied to each picture’s domestic box office performance. FX will pay an average of 11% of the gross U.S. revenue of the movies for a four-year license term, which takes effect about 18 months after the pictures make their debut on HBO in the exclusive pay TV window. FX will allow Universal to sell a run or two of the titles to a broadcast network within FX’s four-year window. Universal has given FX free video-on-demand rights to the movies for a portion of its license term.
Canuck distrib Entertainment One will handle ThinkFilm pics in Canada via its Seville Pictures through 2010. The formerly Canadian-owned ThinkFilm had to find a local distributor after it was purchased by Los Angeles entrepreneur David Bergstein’s CapCo Group in October 2006. Under Canadian law, a foreign-owned company can’t distribute pics in the country. The only exceptions are the Hollywood majors, who operate under a grandfather clause. “This (deal) has taken longer than we thought it would,” said ThinkFilm CEO Jeff Sackman. “Timing in life is everything, and had we done this a year ago, there wouldn’t have been an Entertainment One to make a deal with.” Entertainment One morphed from a DVD distributor into a theatrical distrib last summer. Sackman said the deal will change little for his company because 90% of its business is in the U.S.
Reliance Entertainment, the largest player in Indian film, is making an ambitious play in the U.S. exhib sector. Company, part of billionaire Anil Dhirubhai Ambani’s Reliance ADAG conglom, has quietly bought up cinemas across the U.S. and is poised to launch next month as a coast-to-coast mini-chain. Reliance, in which billionaire George Soros recently paid $100 million for a 5% stake, has 250 screens at 28 North American locations. These include sites in New York, New Jersey, Atlanta, Detroit, Chicago, San Jose, Los Angeles, Washington State and one at Union Station in Washington, D.C.
Group is rebranding most of its Indian entertainment businesses with the moniker Big and will rename the U.S. sites Big Cinemas as their renovations are completed. Both refurbishments and acquisitions will continue in coming months. Reliance Entertainment, which runs cinemas in India through its stock market-listed Adlabs subsidiary, also bought into Knoxville, Tennessee-based management company Phoenix Theaters, which will operate the U.S. chain and has set up a distribution company to license rights where that is useful. Phoenix Theaters is headed by former Regal exec Phil Zacheretti. Arjun says most of the sites are close to centers of ex-pat Indian and Asian populations. Company’s objective is not to force the pace of crossover by Bollywood movies but to play popular movies from a wider range of sources.
Munich-based licensing company Telepool has sold 400 episodes of the RTL Television hit soap “What Really Matters” to French broadcasting group M6 in the run-up to this year’s Mip TV programming mart in Cannes. M6, which, like RTL Television, is owned by pan-European broadcasting conglom RTL Group, will air the series as “Le reve de Diana” beginning Monday in back-to-back double episodes Monday through Friday at 5 p.m. The hugely successful soap revolves around aspiring figure skater Diana Sommer and the wealthy Steinkamp family, whose ownership of a fitness empire has led to their entanglement in intrigue and countless scandals. Produced by Germany’s Grundy UFA TV Prods. for RTL, “What Really Matters” garners an average 17.3% market share among viewers age 14-49 in its 7 p.m. slot. The series kicks off its third season in May.
Take-Two Interactive said no to Electronic Arts again on Wednesday but is throwing the door open to interested parties in a month. Vidgame publisher officially recommended that shareholders reject EA’s $2 billion bid but said it will begin discussions on April 30, the day after “Grand Theft Auto IV” is released, with several potential suitors who have been in touch since the EA bid went public. “We will commence formal discussions on April 30 and, if appropriate, negotiations because we think we will be in the best positions from a timing perspective and value creation perspective,” executive chairman Strauss Zelnick said in a presentation to analysts. Though he didn’t name names, Zelnick confirmed that Take-Two has had “expressions of interest from numerous parties” and later indicated that they include both other vidgame publishers and traditional media companies. Zelnick reiterated that he thinks EA’s bid undervalues his company compared to similar acquisitions and that Take-Two needs to focus its energies on the “GTA IV” release. However, he also claimed that Take-Two is not yet fully valued for the turnaround his management team has implemented since taking over a year ago or for the pending success of “GTA IV.”
Luc Besson’s EuropaCorp has struck a multimillion dollar equity financing deal with Gallic bank BNP Paribas for the upcoming second part of its “Arthur” saga, “Arthur and the Revenge of Maltazard,” to be directed by Besson himself. With the accord, BNP Paribas becomes the exclusive bank-insurance sector partner on “Revenge,” one of the biggest-budgeted productions in Europe this year. BNP Paribas put up Euros 4.5 million ($6.9 million) for the first part of the franchise, “Arthur and the Invisibles.” Given that the budget for “Revenge” is 15% higher — $96 million to $84.6 million for “Minimoys” — and “Minimoys” turned a profit for investors, BNP Paribas’ finance for “Revenge” will most probably come in somewhat above its shell-out for the first installment.
Swedish production company Yellow Bird has secured finance to produce a further 13 films featuring Swedish author Henning Mankell’s fictional detective Kurt Wallander. Mankell has written the storylines for the new films, with other writers completing the scripts. Yellow Bird, which is owned by Zodiak Television, will produce the films with Swedish pubcaster TV4, Film i Skane and Germany’s ARD/Degeto. The budget for the 13 films is $33 million. The first of the features is to get a theatrical release, while the other 12 will go straight to DVD, distributed by giant distrib Svensk, and with TV4 and pay TV channel Canal Plus waiting further up the road. Yellow Bird has already produced 13 Wallander features for theatrical and DVD release, all starring actor Krister Henriksson. He will reprise the role in the new pics. No other cast have been named, nor the helmers.
INDUSTRY MOVES
In her first creative hire since becoming head of MGM’s worldwide motion picture group, Mary Parent has brought in New Line Cinema executive Cale Boyter as exec veep of production — a move which casts a shadow over the future of chief operating officer Rick Sands. Boyter’s hire begins the makeover of MGM under Parent, who has a mandate from chairman-CEO Harry Sloan to build a creative staff that will generate a homegrown slate of feature films. Sloan and Parent are expected to do so without Sands, whose role was usurped by Parent’s appointment earlier this month (Daily Variety, March 14).
CBS Films, continuing to ramp up operations, has tapped Warner Bros. marketing vet Debbie Miller as exec VP of worldwide marketing. Miller will oversee advertising, promotions, publicity, media, research and digital marketing initiatives. She will report to Amy Baer, prexy-CEO of the Eye’s film wing.
TECHNOLOGY/ MULTI- PLATFORM CONTENT
Fuji TV will bow Fuji On-Demand, a new Internet service, on April 1. The new service will start beaming to mobile devices on April 7. Fuji TV has offered webcasts in co-operation with Internet providers since 2005 but started its own service to better respond to changing viewer needs. In addition to the 30 programs it is providing to PC viewers, including pro-baseball and horse racing, Fuji will beam six new shows on Fuji On-Demand, including episodes of “24,” original yakker “Shopan” and “Skullman,” a toon based on a classic comic by Shotaro Ishinomori. Some shows will be free, while others will be PPV or require a monthly fee.
Pubcaster NHK has announced details of its plans to offer its programs on the Internet starting in December. In co-operation with Jupiter Telecom, which operates Japan’s largest cable network, and leading Internet sites, NHK will beam 20 new shows, including popular dramas, on the Web for ten days after their initial broadcast on a pay TV basis, as well as offer 1,000 older shows. A revision in Japan’s broadcasting law, effective this April, allows NHK to enter the webcasting biz. The pubcaster will be the first among major Japanese broadcasters to beam its programming to viewers’ PCs.
50 Cent may not be getting a movie sequel, but he’s living on in the vidgame world. Vivendi Games’ Sierra label will release “50 Cent: Blood on the Sand,” this fall. It’s a follow-up to 2005 release “50 Cent: Bulletproof,” which was tied to the hip hop artists starring role in the film “Get Rich or Die Tryin’.” Pic only grossed $31 m illion domestically, but the vidgame sold a solid 2 million units worldwide, despite a critical drubbing. Sierra’s deal with 50 Cent for the first game gave it an option to greenlight a sequel. Artist has been consulting on the follow-up, which unlike the first title won’t exclusively take place in an inner-city environment. Players will control 50 Cent and, in a co-op option for those who want to play together, other members of his crew. Rapper and G Unit members Lloyd Banks, Tony Yayo and DJ Whoo Kid are all doing voiceover work and providing likeness rights. “Blood in the Sand” will have some new music from 50 Cent and G Unit, as well as existing tracks. Kim noted that it likely won’t have as big a library as “Bulletproof” since 50 Cent has only recorded one new album in the past two years. Game will likely be released by Activision, which is in the process of merging with Vivendi and will handle all Sierra games once the deal is complete. However Vivendi is not allowed to talk to Activision until the merger is finalized, which is expected to happen by June. Meanwhile, Sierra is proceeding with planning for the rest of its 2008 releases, which also include an adaptation of “Ghostbusters,” “The Bourne Conspiracy” based on the Robert Ludlum spy books, and new action game “Saboteur.”
WEBSITES TO WATCH
http://www.amazon.com/gp/browse.html?node=163856011
Amazon’s DRM-free music sales outlet Amazon MP3 overtook eMusic as the #2 online music outlet and is now second only to iTunes just 6 months after launching, reports USA Today. Amazon has deals in place with Warner Music, Sony/BMG and Universal, offering a catalog of about 4.5 million DRM free songs. Apple, which still controls 80% of the digital download market, offers about 2 million DRM free tracks, including EMI and indie labels, according to the article. eMusic CEO David Pakman disputes the findings in his company’s blog, 17dots.
http://www.characterarcade.com/
USA is expanding its Character Arcade casual gaming site launched with Glow Interactive in November, adding 20+ new games with improved ad options and additional community features. A new affinity program will allow users to earn points for playing that can be redeemed to purchase coupons, advertisers’ products or USA merchandise.
http://current.com/topics/88797981_current_rocks_silverdocs;jsessionid=CBB6BC3004BB5668DB30BBDB456DF02D
Current TV is accepting 3-10 minute non-fiction shorts to screen at the SILVERDOCS Film Festival, taking place June 16-23, 2008 in Washington D.C. A total of 5 films will be chosen for a theatrical screening. Deadline for entries is May 5. Contact Sarah Evershed at severshed @currentmedia .com or go to www.current.com/silverdocs for more info.
http://www.answerology.com/
Relationship advice Q&A site Answerology.com was acquired by Heart Magazines. Site founder Matthew Milner will joint Heart’s digital media group as VP/Community and Social Media.
http://trendrr.com/
Trendrr.com is a new web service from digital marketing agency Wiredset designed to track and compare online data trends. The sites APIs can be set to track anything from the number of Twitter friends a user has to the number of people who used a specific Facebook widget.
http://www.mercedes-benz.tv/
Mercedes launched another new web show on its Mercedes-Benz.tv entertainment portal. The half-hour Mixed Tape Music magazine features videos, album reviews and profiles of “modern vintage” newcomers and established artists. Mercedes also partnered with private select social network A Small World this month to query potential well-heeled customers on what they’d like to see in its line of cars.
http://www.diamondlounge.com/
Not all social networks are out to recruit millions of users. The UK-based Diamond Lounge is an exclusive online gated community of the well-to-do which only selects members who can bring “something special” to the club. (If you have to ask what that is, then perhaps you’re not suitable). A perusal of the members turned up investment bankers, socialites, models and high-level execs who use the service to network, flirt and hobnob with the right kind of people. Diamond Lounge founder Arya Marafie may be onto something – the latest Wealth Survey from The Luxury Institute found that the wealthy’s participation in social networks increased to 60% in 2008 from 27% last year. Anyone is free to apply. But remember what Groucho Marx said; “I don’t want to belong to any club that would accept me as member.”
SOURCES:
www.Variety.com
www.Cynopsis.com
Wednesday March 26, 2008
PROJECTS ANNOUNCED
The spec script market continues to show signs of life. DreamWorks has made a preemptive six-figure acquisition of “Imaginary Friends,” a fantasy adventure script by Cornelius Uliano and Bryan Schulz. Studio was keeping logline under wraps. Scribes are first timers who met in film school. They graduated from Brooks Institute of Photography last year.
Hollywood is demonstrating its continued fascination with the Iraq war through three deals in the works on the subject. Mike Medavoy’s Phoenix Pictures will develop a movie based on ABC News chief White House correspondent Martha Raddatz’s book “The Long Road Home.” Tome is about insurgents’ 2004 ambush of an Army platoon on routine patrol in the Baghdad neighborhood of Sadr City during which eight soldiers died and more than 70 were wounded. Separately, Paul Pompian Prods. and Silver Hills Pictures have acquired the life story of Janet Leigh Jones. Shortly after arriving in the Green Zone to work for defense contractor KBR (then a Halliburton subsidiary), Jones claimed, she was drugged and gang-raped by six KBR employees, then locked in a shipping container without water or food after she reported the crime. Jones has a lawsuit in the works and described her ordeal on Capitol Hill. Patricia K. Meyer will pen the script.
New Regency has bought Tom Wheeler’s fantasy-adventure pitch “Cutlass Islands” and set up the project with Alex Gartner at Mosaic Media and Shawn Levy’s 21 Laps. Levy’s in talks to direct. His next project is the “Night at the Museum” sequel, which he’s producing and directing. Wheeler pitch centers on a pair of shipwrecked brothers uncovering the mystery of the Cutlass Islands, a lost world of mythological and magical species. Gold Circle recently picked up Wheeler’s script for fantasy-adventure “The Arcanum” in turnaround from Miramax. He’s repped by WMA and Benderspink.
Survey says: “Family Feud” is heading to primetime. NBC and “American Idol” producer FremantleMedia North America are prepping a celebrity edition of the classic quizzer and are fast-tracking it for broadcast as soon as this summer. While the “Feud” format is more than 30 years old, the series has never aired as a regular primetime network show. Peacock and Fremantle are keeping a tight lid on details surrounding the primetime “Feud,” with casting just getting under way.
Call it “My Fair Lady”-meets Oprah, done MTV-style. MTV has given an eight-episode order to an hourlong series from Donald Trump’s Trump Prods. and RDF USA based on RDF’s hit U.K. format “Ladette to Lady.” Series, still untitled for the U.S., will send 15 contempo young women to a boarding school environment where they’ll be coached in self-improvement and femme empowerment techniques, and then presented with a series of challenges. Contestants who have trouble following the rules or exerting the effort to transform themselves will be “expelled.” In the U.K., “Ladette to Lady” was a sizable hit in 2005 and 2006 for ITV. Trump and RDF USA originally set the project up at Fox Broadcasting Co. last year (Daily Variety, June 12).
Russian independent production company Central Partnership is moving into animation with a $1 million stake in a 3-D cartoon take on “Romeo and Juliet.” “Peregrine” — the working title for a $2.5 million co-production with Moscow animation firm House of Aquarius — tells the story of Mitya, a falcon adopted at birth by a family of pigeons. The full-length feature, due for release late 2008 or early 2009, is Central Partnership’s first venture into animation and is designed to take advantage of the growing popularity of cartoon films in Russia. Animated films accounted for some 10% of the Russian box office over the past three years, he added. Box office figures collated by Russian Film Business Today mag put that figure at around $130 million for the period. “Peregrine” is a modern take on the classic tale of “Romeo and Juliet” told through the stories of Moscow pigeons, sparrows and falcons. It employs the voice talents of local TV and film personalities including Konstantin Khabensky (“Day Watch”) as Mitya the peregrine falcon and Renata Litvinova as the pigeon Galya.
PROJECT UPDATES
Julie Benz will topline “Saw V,” the latest installment in the Lionsgate/Twisted Pictures franchise, set for release Oct. 24. “Saw V” is directed by David Hackl, who served as the production designer on the second, third and fourth versions, and written by Patrick Melton and Marcus Dunstan. Production began March 17. Producers are Mark Burg and Oren Koules; exec producers are Peter Block, Jason Constantine, Daniel Heffner, Stacey Testro, Leigh Whannell and James Wan.
David Mamet’s “Redbelt” will preem at the Tribeca Film Festival in tandem with the ESPN Sports Film section of the fest on April 25. In familiar Mamet territory, pic tells the tale of a jujitsu teacher (Chiwetel Ejiofor) who runs his Los Angeles training studio by the honorable samurai code until greed and corruption threaten his survival. Ejiofor is joined by thesps Emily Mortimer, Alice Braga and Tim Allen. “I am a fan of both the fight film and the samurai film,” Mamet said. “‘Redbelt’ is my homage to both.” Film, produced by Chrisann Verges, will be released in Gotham and Los Angeles on May 2 and expand the following week. Fest runs April 23-May 4.
ACQUISITIONS/ FESTIVAL NEWS
South Korea’s Studio 2.0 struck multiple sales deals at Hong Kong’s Filmart, which ended on Thursday, with TLA Releasing taking North American rights to horror film “Epitaph.” The critically praised “Epitaph,” set at a hospital during WWII, was also sold to HGC for China and Celestial Movie Channel for Hong Kong. Celestial picked up romantic comedy “Highway Star” and two library titles as well. Meanwhile, “Aachi and Ssipak,” an animated film about a futuristic society powered by human feces, was sold to Notro for Spain. Other Asian deals include “Highway Star” to Japan’s CCRE and Vietnam’s Diamond Cinema, which also picked up relationship drama “Lovers of 6 Years.”
BUSINESS NEWS
A recession may be looming, but a group of investors thinks Americans are ready to pony up $35 for a movie ticket. Village Roadshow Ltd., Act III, Lambert Entertainment and the Retirement Systems of Alabama pension fund have partnered to bring the luxury cinema circuit Village Roadshow Gold Class Cinemas to the U.S. The partners will spend $200 million to build 50 theaters nationwide over the next five years, with the first two venues set to open in South Barrington, a suburb of Chicago, and the Seattle suburb of Redmond in October. Others are planned for Fairview, Texas, near Dallas-Fort Worth, and Scottsdale, Ariz. Each complex will sport theaters featuring 40 reclining armchair seats with footrests, digital projection and the capability to screen 2-D and 3-D movies, as well as a lounge and bar serving cocktails and appetizers, a concierge service and valet parking. But the circuit will especially push its culinary offerings — made-to-order meals like sushi and other theater-friendly foods from on-site chefs (a service button at each seat calls a waiter). Moviegoers will have to pay extra for any food they order, however. The Burbank-based company’s hoping to attract 10 million “upscale and affluent” consumers per year to its theaters that will be housed in high-end shopping centers and malls. Each complex will typically house eight screens. Village Roadshow founded the Gold Class Cinemas chain in Australia in 1997. It has since expanded to other countries, including Singapore and Greece. Company execs said bringing the chain to the U.S. is a “natural extension” of the brand. In addition to its initial complexes in Illinois, Washington, Texas and Arizona, company also plans to build in California, Florida, Nevada, Pennsylvania and New York. Gold Class Cinemas won’t be the first luxury theater circuit in the U.S. Regal Entertainment, Cinemark, National Amusements and Sundance Cinemas offer similar services, including high-end food and concierges, at much cheaper prices of around $12-$18 per ticket. Idea is that plushing up the current moviegoing experience will encourage auds that typically stay home to watch movies via their pricey home theaters to venture out again. But it’s also a way for exhibs to make more money: Concession sales are kept by theater chains, while a little more than half of each ticket sold is split with the studios. Selling sushi and a glass of wine will command higher prices than popcorn and soda.
MGM has inked a massive deal with Abu Dhabi-based real estate developer Sorouh and Jordanian animation shingle Rubicon to create an entertainment destination using MGM and Rubicon franchises. Deal is the latest in a string of pacts between Hollywood studios and business interests in the United Arab Emirates. The multifaceted strategic alliance, which could be worth up to $1 billion once all the projects are completed, will include retail, leisure and entertainment facilities. Execs are also looking into creating a dedicated film and TV production fund, as well as exploring the possibility of building an animation studio in oil-rich Abu Dhabi. Deal will likely take three to five years to complete, although the first CG concepts for the project are likely to be unveiled before the end of the year. Deal follows a strategic partnership inked last June between MGM and Rubicon, the first part of which was a co-financing and co-production joint venture on 26-episode animated skein “Pink Panther & Pals.” Latest pact will see execs from MGM, Sorouh and Rubicon develop a range of dedicated creative content and entertainment platforms based on existing and new franchises.
Radio and billboard giant Clear Channel’s $19 billion-plus takeover by private equity firms has reportedly hit the rocks because dealmakers still can’t agree on terms. The impasse, first reported late Tuesday afternoon on the Wall Street Journal’s website, had helped send the company’s stock down more than 5% on the day to a close of $32.56. Volume was triple the average level. The price, which plummeted below $26 in after-hours trading, is well short of the $39.20 promised to shareholders when the deal was first proposed way back in November 2006. Thomas H. Lee and Bain Capital are leading the buyout. They are expected to fulfill their obligations to fund and close the deal, but the problem has been the stock’s dipping below the price it traded at during better times. That means sponsors could wind up lending more than the value of the company. Clear Channel risks becoming a poster child for how the entertainment biz, as it is currently structured financially, is hardly the recession-proof crowd-pleaser of generations ago. Clear Channel’s privatization move was first planned a year and a half ago, at the high-water mark in terms of easy credit and liquidity. It was a time when studio slate deals and private finance arrangements were closing left and right. The landscape in recent months has looked a lot different, thanks to the subprime lending crisis, skyrocketing oil prices and the massive writedowns and even dissolutions of financial institutions.
Ono, Spain’s main cabler, posted 2007 operating profits of 642 million euros ($1 billion), up 14.9% on 2006, the company announced Tuesday. Revenues dropped 1.1% to $2.52 billion. Net losses of $308.9 million were driven by extraordinary charges of $365 million in writedowns linked to its 2005 merger with triple-play rival Auna. “It’s been a year of impasse for Ono,” said an analyst, “with a poor earnings evolution but an appreciable 4.7% drop in operating net costs to $830 million,” he added. “Ono has assimilated well the costs of the Auna integration, but revenues haven’t reached the estimated levels. Competition has prevented a larger increase in client takeup.” Ono’s TV service customers increased 4.4% to 960,000 by December, mainly due to the launch of new TV packages such as Essential, with 40 TV channels; Extra, with 70; and Total, with 95. Spain’s leading triple-play provider, Ono reached 582,000 subscribers for its combined telephony-Internet-TV service, 31.2% of its total client base. In March, company announced it had reached 1 million TV customers.
U.S.-based distributor Northstar Media has picked up non-theatrical rights to 21 pics produced by giant-screen company Imax Corp. Northstar will snare worldwide TV, video-on-demand, mobile and broadband rights to the films in the Imax XXI film package. The films include “Tom Hanks Presents Magnificent Desolation: Walking on the Moon 3D,” “Space Station,” “Into the Deep,” “T-Rex: Back to the Cretaceous” and “Blue Planet.” “This partnership represents Imax expanding its footprint as we begin to deliver the Imax experience in high-definition television,” said Greg Foster, Imax prexy of filmed entertainment.
Movie finance from Gaul’s regional, county or local authorities rose 7% to e52.5 million ($80.8 million) last year, according to a recent report. The study, “A 2008 Guide to Film and Audiovisual Support Systems,” is published by France’s Centre Images, the regional authority of the country’s CNC film institute. Regional funders have become an important part of the film biz, with far more resources than they had at the beginning of the decade. In 2002, funding came in at just $26.2 million, estimated Patrick Lamassoure, managing director of Film France, the country’s national film commission. By a large head, the Ile de France film commission remains the biggest regional film fund in France, investing $22 million in 2007. Second largest was Rhones-Alpes Cinema with $4.8 million, then Nord-Pas de Calais with $4.2 million and Provence-Alpes-Cote d’Azur (PACA) with $3.7 million.
INDUSTRY MOVES
Sony Pictures Entertainment has reupped Screen Gems prexy Clint Culpepper, keeping him at the helm of the studio’s genre shingle through 2012. Culpepper has run Screen Gems since 1998. The studio-funded genre division turns a profit, particularly in the horror and urban categories.
Veteran film exec Michael Bostick has been named co-CEO of Philip Anschutz’s Walden Media, where he’ll share responsibilities with Walden’s Cary Granat. Move comes two months after Walden — which has been aiming to establish itself as a key supplier of family films — reshuffled staff during the writers strike, with exec VP Alex Schwartz ankling. Anschutz Film Group CEO David Weil, who made the announcement Tuesday, told Daily Variety that bringing Bostick onboard is aimed at bolstering Walden’s ability to execute its core strategy — taking wholesome stories to the bigscreen.
Amy Schiffman has left the Gersh Agency to become a partner at Intellectual Property Group. Schiffman, who was VP of books and literary properties at Gersh, joins IPG partners Joel Gotler, Jerry Kalajian and Larry Becsey. She expects to bring such author clients as Dennis Lehane, Don DeLillo, Jane Heller and David Zucchino and screenwriters Matthew Aldrich, Angus MacLachlan and Michael Golding.
Summit Entertainment has tapped veteran exec Patricia Laucella as senior VP of legal affairs. She’ll be primarily responsible for overseeing the legal aspects of development, production and acquisitions. Laucella will report to general counsel David Friedman. Laucella will work closely with the business affairs, physical production and production finance departments, negotiating and documenting rights, talent and production deals and supervising outside production counsel.
Public relations company mPRm has promoted seven staffers in its digital media and general entertainment departments. Elana Sullivan was tapped director of mPRm’s digital media practice. Michelle Kim and Stephanie Tannenberger will join her in that department as account supervisors. Bret Ingraham and Jessica Wolf round out the digital media promotions as senior account execs. In the company’s general entertainment division, Sienna Sanders will serve as senior account executive. Theresa Black was tapped account supervisor.
TECHNOLOGY/ MULTI- PLATFORM CONTENT
After years of encouraging their fans to share “South Park,” creators Trey Parker and Matt Stone have set up a viable alternative to the mass YouTube-based distribution of popular clips from the hit show: They’re just going to give the whole thing away on SouthParkStudios.com. “We got really sick of having to download our own show illegally all the time, so we gave ourselves a legal alternative,” the duo quipped in a statement. The site offers every “South Park” episode including the current one, which stays live for a week after its airdate and then goes dark for the rest of the month, at which point it is added to the site’s back catalog. The streaming episodes run without ad breaks, but a spokeswoman for Comedy Central said the full episodes would eventually include advertising. SouthParkStudios.com also hosts embeddable clips. Launch sponsors for the venture are Toyota and Virgin. It’s a good time for Parker and Stone to distance themselves from the YouTube community given Comedy Central parent Viacom’s protracted lawsuit against the Web-based video distrib, which features clips from the show. Comedy Central said the site has already generated more than 3 million page visitors and more than 1 million streams of full episodes since it debuted with no fanfare last week.
WEBSITES TO WATCH
http://sites.google.com/a/opensocial.org/opensocial/Home
The open source movement continues. Yahoo joined Google’s OpenSocial alliance after sitting on the fence for the first few months of its existence. The two companies also announced plans to form the nonprofit OpenSocial Foundation to advance specification developments and insure programming standards remain in the hands of a neutral party. It is believed Yahoo held back on joining the alliance because it worried Google held too much control over intellectual property created by the group.
http://www.cuetunes.com/
DIC Entertainment subsidiary DIC Music launched a new online music production business cuetunes.com as a one-stop, royalty-free music shop. Producers can purchase affordable music for all media productions including animation, commercials, live-action, home video, video games and local station themes.
http://www.imeem.com/developers/
Playlist sharing facilitator Imeem became the latest social media site to release a software development kit for programmers, joining fellow OpenSocial members Bebo and MySpace. The idea is to entice developers to tap into imeem’s licensed library of songs from major labels to create original music apps.
http://blip.tv/
Web 2.0 entertainment site Blip.tv signed distribution deals with Revision3 and 60 Frames, providing an online outlet for all original series produced by the two outfits in exchange for a share of ad revenue. Revision3 is best known for shows like beer-enhanced webcast Diggnation or popSiren. G.I.L.F. is the latest 60 Frames comedy, currently in its 4th episode.
http://www.hoopgurlz.com/
ESPN acquired Girls High School Basketball site Hoopgurlz.com. Basketball columnist and founder Glenn Nelson will continue to manage the site’s content and editorial voice and Chris Hansen, the National Director of Scouting for Women’s Basketball at HoopGurlz.com, will continue to write for the site.
http://www.pbs.org/wgbh/pages/frontline/bushswar/cron/
Putting video up on the web is one thing. Creating a compelling user interface around a specific topic is quite another. Too often the UI is overlooked or inadequate. The web team of PBS’ Frontline has done a great job of combining years of clips, slideshows, timelines, maps, reporters’ blog entries and other resources to form an online companion to its Bush’s War special, which aired on Monday and Tuesday on PBS. Click on the video timeline for a chronological video compilation of coverage on how the U.S. got into the war, dating back to the 80’s when Rumsfeld, Wolfowitz and crew first cut their teeth on the War Against Terror. The full 4-hour special is also available for viewing.
SOURCES
www.variety.com
www.cynopsis.com
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