August 20, 2012 |
Shrek and Po have found a new home. DreamWorks Animation, the Glendale studio behind such hit animated franchises as "Shrek," "Kung Fu Panda" and "Madagascar," has signed a five-year deal with 20th Century Fox, which will distribute its movies beginning next year. Fox replaces Paramount Pictures, DreamWorks' partner since 2006. The two companies' relationship began souring in 2011 as DreamWorks Chief Executive Jeffrey Katzenberg sought to pay a lower fee and Paramount Chairman Brad Grey formed a competitive animation unit at his studio.
August 15, 2012 |
Premium cable channel HBO has renewed its deal for theatrical movies from 20th Century Fox. Although terms were not disclosed, HBO is expected to pay just over $200 million annually to the studio for the movies, people familiar with the matter said. The extension runs through 2022. The current contract was set to expire in 2015. There are some tweaks in the new agreement between Fox and HBO. Previously, when a 20th Century Fox movie was running on HBO, the studio could not sell that title on iTunes, Amazon, Wal-Mart's Vudu or other digital platforms.
July 25, 2012 |
The cast of"Modern Family"has an ancient problem. In the television industry, actors typically sign contracts that range from five to seven years with annual pay increases of 4% to 6%. The compensation can range from $40,000 to $70,000 per episode to more than six figures for established stars. On its face, that doesn't sound so bad. But in the rare cases of a huge commercial hit, the companies that produce and air the show get a big and quick return on their investment. Then their headaches begin - with the actors.
July 24, 2012 |
The family that sues together apparently stays together. Several of the key cast members on the hit TV sitcom "Modern Family" have teamed up to sue 20th Century Fox Television, the studio that makes the show for ABC, claiming their contracts are illegal. Stars Sofia Vergara, Jesse Tyler Ferguson, Eric Stonestreet, Julie Bowen and Ty Burrell filed suit Tuesday in California Superior Court. The move comes after unsuccessful efforts on their part to renegotiate their deals with the studio.
July 11, 2012 |
Hollywood's movie studios are heading to Comic-Con with less spring in their step this year. Stung by splashy presentations in the past that resulted in costly box-office duds like"Scott Pilgrim vs. the World"and"Green Lantern,"the major studios will not arrive in full force in San Diego for the annual event that begins Thursday. Although Sony Pictures, Walt Disney Pictures, Warner Bros. and Lionsgate are making presentations and trumpeting their wares for fans, 20th Century Fox, Paramount Pictures and Universal Pictures are skipping the show this year.
June 27, 2012 |
News Corp. is contemplating what once was unthinkable — splitting its entertainment and publishing operations into separate companies. The company Tuesday confirmed that it was considering a breakup of the $52-billion global media conglomerate. The lucrative film and television operations — including the 20th Century Fox film studio, the top-rated Fox broadcast network and the profitable Fox News Channel — would form one company. News Corp.'s newspapers, HarperCollins book publishing assets and education businesses would comprise a second publicly traded company.