September 7, 2012 |
20th Century Fox is finalizing a deal to co-produce movies in China with Dalian Wanda Group, the Chinese conglomerate that finalized its $2.6-billion purchase of U.S. theater chain AMC Entertainment this week. Discussions about a potential partnership began last year when Fox Co-Chairman Jim Gianopulos and International Productions President Sanford Panitch were visiting China. They continued this week when Wanda chairman Wang Jianlin visited with the leaders of a number of studios during a visit to Los Angeles to mark the closing of the acquisition of AMC. Wang, who has said he intends to invest as much as $10 billion in acquiring American companies and products, met with senior executives at studios including Disney, Sony Pictures, Universal Pictures and Warner Bros.
November 26, 2012 |
Warner Bros. has extended a deal with its longtime partner Village Roadshow Pictures, which has secured debt financing of more than $1.1 billion to invest in upcoming movies like "The Great Gatsby," "Lego," and "Mad Max: Fury Road. " The agreement is a critical one for the Burbank studio, as Village Roadshow is one of two companies that put up half the budgets for most of Warner Bros.' productions. Village, which has worked with Warner since 1997, will continue to do so through the end of 2017 under the new deal.
July 16, 2010 |
Warner Bros. is opening one of the riskiest movies of the summer this weekend, while Walt Disney Studios is opening one of the most commercially challenged. Warner's thriller "Inception" from director Christopher Nolan will probably top the box office, people who have seen pre-release surveys say, although they're far from certain how audiences will respond to its narrative complexity that's already dividing critics. The movie should open to roughly $45 million but could easily go higher or lower depending on word of mouth.
December 18, 2012 |
With a high-stakes 2013 looming in which its first slate of in-house developed films will be released, Legendary Entertainment has raised $443 million in new equity financing, the company announced Tuesday. The deal gives asset management and financial planning giant Waddell & Reed Financial, Inc. a stake of just under 20% in Legendary and values the production company at about $2.5 billion, according to a person familiar with the structure of the financing but not authorized to speak publicly.
August 24, 2011 |
China bought $91.9-billion worth of U.S. goods last year, including boatloads of medical devices, precious metals and electrical equipment. But when it comes to America's most celebrated cultural export - Hollywood movies - crossing China's borders has proved more difficult than climbing the Great Wall. After years of frustration with the Chinese government's severe limits on how many imported movies can play in its theaters, several prominent American film producers are cutting ambitious deals with Chinese firms that provide alternative routes into the country's exploding movie market.
October 1, 2013 |
Universal Pictures will release "Warcraft," a film from Legendary Pictures based on the best-selling video game franchise of the same name, on Dec. 18, 2015, the studio announced Tuesday afternoon. "Warcraft," to be directed by "Source Code's" Duncan Jones, is the first Legendary project to get a release date since the production company signed a deal with Universal in July. Under terms of the arrangement, Universal, a unit of NBCUniversal, will market, co-finance and distribute Legendary films for five years beginning in 2014.
July 23, 2012 |
Law enforcement officials plan to continue an undercover presence in Los Angeles-area movie theaters through at least Sunday, as"The Dark Knight Rises"opened to a very strong $249 million worldwide. There was only one reported incident this past weekend after police were posted in local theaters in an effort to reduce anxiety and prevent copycat crimes following Friday's massacre at a showing of the third film in Christopher Nolan's Batman franchise in Colorado. A man waiting for the superhero film to begin at an AMC theater in Norwalk was arrested Sunday after fellow patrons reported that he became agitated and said, "I should go off like in Colorado," sheriff's deputies said.
July 26, 2012 |
While two new movies will open Friday, all eyes will be on the second weekend performance of "The Dark Knight Rises," which will be dampened in part by moviegoer reluctance to go to the multiplex after last week's massacre in a Colorado theater. The final installment in director Christopher Nolan's Batman trilogy, however, will again dominate the box office, though box-office experts believe some moviegoers will steer clear of theaters after last Friday's mass shootings at a post-midnight screening of "Dark Knight Rises" in Aurora, Colo.
March 17, 2008 |
Twentieth Century Fox's G-rated "Horton Hears a Who!" opened to an estimated $45.1 million at the weekend box office, the studio said Sunday, the latest potent performance by a movie aimed at family audiences. The animated picture, produced for about $90 million, follows a string of G- and PG-rated hits since the fall including Walt Disney Co.'s "Enchanted" and "Hannah Montana & Miley Cyrus: Best of Both Worlds Concert Tour" and Fox's partly animated musical-comedy "Alvin and the Chipmunks."
June 17, 2013 |
When "The Hangover Part III" opened with half as many ticket sales as its predecessor in May, it was clear American moviegoers had tired of the Wolf Pack. But there was hope yet for Warner Bros. In the two years between the second and third "Hangover," the international marketplace expanded -- and the second installment had performed especially well for a R-rated comedy overseas. PHOTOS: Scenes from 'Hangover III' "If you look at the third movies of comedy trilogies -- 'Rush Hour,' 'Meet the Parents,' 'Austin Powers' -- honest to God, those movies tend to drop in their third film.