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 14, 2011 |
Independent studio Relativity Media is jumping into the fast-growing Chinese film market with a deal that gives it a stake in a local production company and a means to release its own movies in the country. Relativity said Sunday evening that it was investing in SkyLand Film & Television Cultural Development Ltd., a China-based entertainment production company. By doing so, Relativity is joining forces with SkyLand's two other financial backers: SAIF Partners, an Asian private-equity firm with $3.5 billion under management, and IDG China Media, the Chinese arm of Boston-based tech firm International Data Group.
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.
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.
February 4, 2013 |
After the coffee. Before making sure my electric bill is paid up. The Skinny: I wonder if that blackout during the Super Bowl would have been as much fun without Twitter around for people to crack jokes and stay interested in the game. I just hope that Joe Flacco's swearing won't lead to another decade-long legal battle between CBS and the FCC. Monday's headlines include a recap of the weekend box office, a look at the sometimes tense relationship between Legendary Films head Thomas Tull and Warner Bros., and the challenges of trying to make historical films look right.
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.
May 23, 2013 |
This weekend will see one of the biggest box office face-offs of the summer as two big-budget franchises aiming to attract male moviegoers go head-to-head at the multiplex. The action-heavy "Fast & Furious 6" and the raunchy comedy "The Hangover Part III" arrive in theaters over the long Memorial Day weekend. But it doesn't seem like there will be much competition for the No. 1 spot. PHOTOS: Billion-dollar movie club The latest installment in the series featuring hot cars and hot girls should easily take the top spot, raking in a robust $100 million over the four-day weekend, according to those who have seen pre-release audience surveys.
April 11, 2013 |
The sports biopic "42" will rough up its box office rivals as it steps up to the plate this weekend. The drama about famed baseball player Jackie Robinson is poised to claim No. 1, opening with a solid $20 million, according to those who have seen pre-release audience surveys. (Warner Bros. is predicting a softer launch of around $15 million.) The weekend's other debut, the spoof "Scary Movie 5," will likely take in a respectable $17 million or so. PHOTOS: Scenes from '42' For years, Hollywood has been eager to make a movie about Robinson, the first African American to play Major League Baseball.