Category Archives: Film Distribution Industry

Sony Pictures

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10202 West Washington Boulevard, Culver City, California

sonypictures.com

HISTORY

Sony Pictures, also known as Sony Pictures Entertainment, was formed in 1987 when Columbia Pictures and Tristar Pictures merged to form Columbia Pictures Entertainment (CPE). However, it was not until two years later that the Coca-Cola Company, who owned CPE, sold the business to Sony, who promptly renamed it. Since it became a Sony property, the film production and distribution company has seen successes in both the commercial and critical spheres; Sony Pictures has broken records with releases like Men In Black and won a plethora of Oscars over the years for films such as Crouching Tiger, Hidden Dragon and many others [1].

COMPANY

Sony Pictures is a subsidiary of Sony Entertainment. The company is divided into Sony Pictures Motion Picture Group, Sony Pictures Studios, and Sony Pictures Television. Sony Pictures Motion Picture Group handles the distribution of Sony’s massive library of over 3,500 titles. Sony Pictures Studios offers a variety of production-related services, operating out of the Culver City studio complex which boasts sixteen sound stages [2].

Sonypicturesentertainmentoffices.jpg

Sony Pictures Plaza in Culver City, CA

FINANCIALS

As of April 17th, 2016, Sony Pictures held a total of 5.6% studio market share, with Sony Pictures holding 5.2% and Sony Pictures Classics holding 0.4% [3]. With regards to distribution, Sony Pictures holds the third spot just behind Warner Brothers and Walt Disney, with 12.6% of the market share [4].

Sony’s earnings report for the current fiscal year will be released on April 28th, 2016 at 4:45 PM [5]. On January 29th, the Sony Corporation released its financial results for its third quarter. Sales for Sony Pictures increased from 206.6 billion yen in the third quarter of 2014 to 262.1 billion yen in the third quarter of 2015. This represents a 26.9% increase in yen, which Sony attributed this increase to a surge in theatrical revenues due to international successes like Spectre and Hotel Transylvania 2 [6]. Top investment analysts are advising investors to hold their position with Sony stock, as forecasts show a predicted 27% median increase from last fiscal year’s stock prices [7].

On April 24th, Sony’s stock prices closed at $26.59, a five-cent decrease from the previous day’s close. Over the past year, Sony shares have reached a high of $32.95 and a low of $19.90 [8]. However, the past month has seen fairly stable stock prices, seeing change of no more than $2 for the entire period from mid-March to late April [9]. As of April 24th Sony shares are up 7% from 2015 [10].

KEY EXECUTIVES

[11] Michael Lynton: CEO of Sony Entertainment Inc., Chairman and CEO of Sony Pictures Entertainment

[12] Tom Rothman: Chairman of Sony Pictures Motion Picture Group

[13] David C. Hendler: Senior Executive Vice President and CFO of Sony Pictures Entertainment

[14] Robert Lawson: Executive Vice President and Chief Communications Officer of Sony Pictures Entertainment

[15] Leah Weil: Senior Executive Vice President and General Counsel of Sony Pictures Entertainment

RECENT RELEASES

Miracles from Heaven (PG)

Despite receiving a multitude of negative critical reviews [16], the faith-based drama Miracles from Heaven has grossed over $64 million internationally, making it a huge success—its production budget was a mere $13 million. The film was released on March 16th through TriStar, a property of Sony Pictures [17].

The Brothers Grimsby (R)

Though Sony has not released the budget for the film, The Brothers Grimsby has undoubtedly been a financial disappointment. Debuting on March 11th, the movie has yet to break just $7 million in the United States. That being said, the film has been a hit internationally with revenues upwards of $20 million outside the US. With pricey talent such as Sacha Baron Cohen, Penelope Cruz, Rebel Wilson, and Gabourey Sidibe, it’s doubtful Sony has seen a return on investment as of yet [18].

Pride and Prejudice and Zombies (PG-13)

This satirical take on the novel was released on February 5th to less-than-enthusiastic reception. Though the film saw a budget of $28 million, it has grossed just $16 million worldwide, with the opening weekend accounting for 48.8% of that [19].

UPCOMING RELEASES

The Angry Birds Movie (PG)

This 3D film adaptation of the popular game will be released on May 20th. Sony Pictures is clearly expecting to cash in on the video game’s massive audience and has invested in a $250 million promotional campaign which includes a Happy Meal promo with McDonald’s and multiple television ads for car company Citroën. Other partnerships consist of Ziploc, Menchie’s Frozen Yogurt, Home Depot, and about 100 more brands and companies [20].

Ghostbusters (PG-13)

The buzz surrounding the remake of Ghostbusters is still going strong. The film features four female stars—Melissa McCarthy, Kristen Wiig, Leslie Jones, and Kate McKinnon—in place of the all-male cast the original film had. The remake has raised important questions regarding women’s roles in popular film. Ghostbusters is slated for theatrical release July 15th [21].

UPDATES AND DEVELOPMENTS

On April 7th, US District Judge R. Gary Klausner approved a multi-million dollar settlement in a class-action lawsuit by previous employees of Sony Pictures. The lawsuit was a result of the cyberhacking incident back in 2014, which released personal information of many employees and Sony partners. The agreement will give the 437,000 people involved identity theft protection until 2017 [22].

HYPEBEAST Giveaway: Autographed Essentials From Nas' HSTRY Clothing x Ghostbusters Capsule Collection

Nas x Ghostbusters Clothing Line

The next day, Sony Pictures announced that their Consumer Marketing department will be working with the rapper Nas to create a high-end Ghostbusters fashion line. The collection, called Nas x Ghostbusters, will be collaborating with brands like FILA, New Era, Monster, HSTRY, Italia Independent, and Tokyobike, and will be exclusively unveiled by HYPEBEAST. The collaborations will help reach the millennial market [23]. Sony Pictures is also teaming up with Activision for a Ghostbusters video game that will operate on PC, iOS, Android, and Kindle [24].

At CinemaCon the week of April 11th, Sony Pictures announced a variety of groundbreaking projects and ideas, most notably MIB 23. The film is a unique concept: a mashup sequel to both Men in Black and 21 Jump Street. Other ambitious projects include animated films like a CGI version of the Beatrix Potter stories of Peter Rabbit and a third installment in the Hotel Transylvania franchise. They also are in the process of developing the animated The Emoji Movie, which will be set inside an iPhone [25].

Sony Pictures is taking a marked interest in sequels and remakes, hoping to capitalize on the popularity of existing films and franchises. There are plans for Blade Runner 2, the follow-up to the original 1982 movie. Then, they are working on a remake of Jumanji, as well as the final film in The Girl with the Dragon Tattoo series. In addition, the company will release a movie version of Stephen King’s wildly popular book The Dark Tower. All the films Sony Pictures teased at the convention are tentatively slated for release between late 2016 and late 2018 [26].

SOURCES

[1] Company History. Sony Pictures. Retrieved April 25, 2016.
[2] Divisions. Sony Pictures. Retrieved April 25, 2016.
[3] Studio Market Share. Box Office Mojo. Retrieved April 25, 2016.
[4] Market Share for Each Distributor 1995-2016. The Numbers. Retrieved April 25, 2016.
[5] FY2015 Earnings Announcement. Sony. Retrieved April 25, 2016.
[6] Consolidated Financial Results for the Third Quarter Ended December 31, 2015. Sony News & Information. Retrieved April 25, 2016.
[7] Equities: Sony Corp. Financial Times. Retrieved April 25, 2016.
[8] Sony Corp. ADR. MarketWatch. Retrieved April 24, 2016.
[9] Sony Corp Ord Stock Chart. Nasdaq. Retrieved April 24, 2016.
[10] Sony: Film Slate Ready To Deliver. Seeking Alpha. Retrieved April 25, 2016.
[11] Michael Lynton. Sony Pictures. Retrieved April 25, 2016.
[12] Tom Rothman. Sony Pictures. Retrieved April 25, 2016.
[13] David C. Hendler. Sony Pictures. Retrieved April 25, 2016.
[14] Robert Lawson. Sony Pictures. Retrieved April 25, 2016.
[15] Leah Weil. Sony Pictures. Retrieved April 25, 2016.
[16] Miracles from Heaven: EW Review. Entertainment Weekly. Retrieved April 25, 2016.
[17] Miracles from Heaven. Box Office Mojo. Retrieved April 25, 2016.
[18] The Brothers Grimsby. Box Office Mojo. Retrieved April 25, 2016.
[19] Pride and Prejudice and Zombies. Box Office Mojo. Retrieved April 25, 2016.
[22] Judge Approves Settlement in Sony Pictures Hacking Case. Billboard. Retrieved April 25, 2016.
[24] Sony Pictures Teaming with Activision for New Ghostbusters Game. Hardcore Gamer. Retrieved April 25, 2016.
[25] Sony Pictures & Warner Bros Preview 2016-2017 Line-up. Slash Film. Retrieved April 25, 2016.
[27] Sony Pictures Logo. JOLT Digest. Retrieved April 25, 2016.
[28] Michael Lynton Photo. Jewish Journal. Retrieved April 25, 2016.
[29] Tom Rothman Photo. IMDb. Retrieved April 25, 2016.
[30] David C. Hendler Photo. Sony Pictures. Retrieved April 25, 2016.
[31] Robert Lawson Photo. Sony Pictures. Retrieved April 25, 2016.
[32] Leah Weil Photo. Sony Pictures. Retrieved April 25, 2016.
[33] Miracles from Heaven Trailer. YouTube: MovieClips Trailers. Retrieved April 25, 2016.
[34] The Brothers Grimsby Trailer. YouTube: Sony Pictures Entertainment. Retrieved April 25, 2016.
[35] Pride and Prejudice and Zombies Trailer. YouTube: MovieClips Trailers. Retrieved April 25, 2016.
[36] The Angry Birds Movie Trailer. YouTube: Google Movie Trailers. Retrieved April 25, 2016.
[37] Ghostbusters Trailer. YouTube: Sony Pictures Entertainment. Retrieved April 25, 2016.
[38] Nas x Ghostbusters Photo. Hypebeast. Retrieved April 25, 2016.
[39] Sony Pictures Plaza Photo. Wikipedia. Retrieved April 25, 2016.

Weinstein Company

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By Julia Teti

The Weinstein Company

345 Hudson Street New York, NY 10014 [3]

http://weinsteinco.com

Introduction

MV5BMzU5MjEwMTg2Nl5BMl5BanBnXkFtZTcwNzM3MTYxNA@@._V1_UY268_CR0,0,182,268_AL_

The King’s Speech, Best Picture Winner 2011, Source: imdb.com [15]

Known for it’s numerous films; The Weinstein Company is responsible for the distribution of such movies as The Reader, The King’s Speech, and Silver Linings Playbook and within this past year Macbeth, Carol and The Hateful Eight.[1] A winner of multiple prizes when it comes to awards season, The Weinstein Company is a dominant film distributor and, though still relatively new to Hollywood, is distributing films that have received numerous critical accolades and various nominations among other accomplishments.

 

 

                           

 History

In 2005, the founders of Miramax (1979), Robert and Harvey Weinstein, launched the distribution company known as The Weinstein Company. Dimensions Films is also part of The Weinstein Company as a genre label founded in 1993 by Robert Weinstein. The Weinstein Company has received over 300 Oscar nominations and has won 81 Academy Awards in the short time since it’s founding. The Weinstein Company also is very strong in the realm of television; however, the focus here will be placed on its accomplishments and noteworthy happenings in film.[1] Headquarters for the company are located in New York, NY. The Weinstein Company does not disclose for the public it’s financial reports.

Awards and Accolades

TheHatefulEight_Plakatfinal

The Hateful Eight, Source: imdb.com [16]

Known for it’s award winning films, The Weinstein Company saw a year in which none of its films were nominated in the Best Picture category, the first time since 2008.[2] The Weinstein Company has boasted films such as The King’s Speech and The Artist, both of which took home the Oscar for Best Picture. The year 2016 saw The Weinstein Company receiving ten nominations for it’s three films Carol, The Hateful Eight, and The Hunting Ground.[2] For these three films that did receive nominations, The Hateful Eight won the Oscar for Best Original Score, by Ennio Morricone.[6] Harvey Weinstein has been known to be associated with the Oscars and for campaigning heavily for his nominated films, dating back to before the founding of The Weinstein Company through the Weinstein brother’s previous company Miramax. With the issue of this awards season being equal representation of races in film, Weinstein had stated he would cause a stir with the Academy if Ennio Morricone did not win for his category.[6]

Executives [3]

Photo of Mr. Robert Weinstein (right), Co-Founder, Co-Chairman and Principal and Mr. Harvey Weinstein (left), Co-Founder, Co-Chairman and Principal

Photo of Mr. Robert Weinstein (right), Co-Founder, Co-Chairman and Principal and Mr. Harvey Weinstein (left), Co-Founder, Co-Chairman and Principal [17]

Corporate Shake Ups

Erik Lomis, former Distribution Chief for The Weinstein Company, left his position as of March 2016 to pursue the role of Lead Distributor at Megan Allison’s Annapurna Pictures.[5] The news came in early March of 2016 as Lomis decided not to renew his contract with The Weinstein Company. Lomis has created positive business relationships with theatre owners and various talents in the film industry. Lomis is credited for taking Quentin Tarantino’s ambition to release The Hateful Eight in 70mm and making the idea come to fruition. Lomis is not the only associate to leave The Weinstein Company as of recently.[5]

RADiUS-TWC heads Tom Quinn and Jason Janego exited in summer of 2015.[5] Meryl Poster, former TV President, and Stephen Bruno, Marketing Chief, also dissolved their relationships with The Weinstein Company. With the loss of Janego and Quinn, The Weinstein Company is reconfiguring its boutique distributor RADiUS, responsible for such films as It Follows and Citizenfour. The Weinstein Company is currently planning to expand RADiUS day-and-date releases into new niche markets. An interviewing process has begun for the role of senior acquisitions executives to manage the VOD division. RADiUS is credited in helping The Weinstein Company with a scaled down, multi-platform release of the film Snowpiercer. The Weinstein brothers are also currently downsizing with a more focused slate of films for the 2016-year.[4]

Current Film: Jane’s Got a Gun

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Jane Got a Gun, Source: imdb.com [19]

The Weinstein Company’s latest film to come to theaters is Jane Got a Gun, starring Natalie Portman and Joel Edgerton. The film had been hit with constant delays. In production, Jane Got a Gun’s original director, Lynne Ramsay, quit, various casting changes were made, and the loss of an original distributor, until The Weinstein Company acquired it in September of 2015.The film premiered at the Museum of Modern Art in New York on January 27, 2016. With an unknown production budget, Jane Got a Gun’s wide release date was January 29, 2016.[7] The film’s domestic gross is currently $1,513,793 and made $835,572 in its opening weekend with it’s widest release being shown in 1,210 theaters. The close date for the film was February 25, 2016.[8]

 

 

Future Projects

With a shift to television, The Weinstein Company will be releasing fewer films this year. As of now, The Weinstein Company has three films with set release dates; The Founder is being released August 5, 2016, Hands of Stone is set to be released August 26, 2016, and Lion is going to be released November 25, 2016.[10] Originally, The Weinstein Company had the release dates for The Founder and Lion switched. In previous years, The Weinstein company has seen much success when releasing it’s films around the Thanksgiving holiday, which may be the cause for the change in the McDonald’s origin story starring Michael Keaton being released in August rather than November. Lion, a more touching family story, has the advantage a very dominant cast, including Nicole Kidman, Dev Patel and Rooney Mara, who recently saw success with her second Oscar nomination for Carol, another Weinstein Company production.[9] With the changed date, this means publicity for The Founder is beginning in full swing.

[20]

The trailer for the film premiered on April 21, 2016 and a poster for the film was previously released.[13] By creating space between the two films, The Weinstein Company is offering opportunity for its films to be considered awards season bait as they are spread further apart. Further in the future, Rooney Mara will be working in another Weinstein production, portraying New Testament figure Mary Magdalene in a biopic.[12] Being eyed to play the role of Jesus Christ is Joaquin Phoenix. A deal is in the works with the actor for the Garth Davis film.[11] In terms of distribution, The Weinstein Company will be working with the production company See-Saw Films, with whom they worked with on the release of The King’s Speech, Macbeth, and this November’s Lion.[12] Helen Edmundson and Philippa Goslett write the film’s screenplay, and production is scheduled to begin this summer. The Weinstein Company is planning to release the film in 2017.[11]

Sources

[1] The Weinstein Company. (n.d.). Retrieved April 24, 2016

[2] Piccalo, G. (2016, January 14). Oscars 2016: Where was Harvey Weinstein’s nomination? Retrieved April 24, 2016,

[3] The Weinstein Company Inc.: Private Company Information. (n.d.). Retrieved April 24, 2016

[4] Thompson, A. (2016, March 8). The Weinstein Co. to Reconfigure RADiUS. Retrieved April 24, 2016,

[5] McClintock, P. (2016, March 10). Weinstein Co. Shake-Up: Distribution Chief Erik Lomis Exiting (Exclusive). Retrieved April 24, 2016

[6] Harvey Weinstein Jokes About Academy’s Diversity Problem. (2016, February 26). Retrieved April 24, 2016

[7] Chi, P. (2016, January 28). Natalie Portman on Making ‘Jane Got a Gun’: ‘There Was an Obstacle Every Hour, Every Day’. Retrieved April 24, 2016

[8] Jane Got a Gun (2016) – Box Office Mojo. (n.d.). Retrieved April 24, 2016

[9] D’Alessandro, A. (2016, March 01). Weinstein Co.’s ‘The Founder’ Moves To August; ‘Lion’ To Roar During Thanksgiving Week. Retrieved April 24, 2016

[10] Upcoming Movies by Studio / Distributor. (n.d.). Retrieved April 24, 2016

[11] Jaafar, A. (2016, April 22). Joaquin Phoenix Eyed To Play Jesus Christ In Mary Magdalene Pic. Retrieved April 24, 2016

[12] Siegel, T. (2016, February 9). Weinstein Co. in Talks to Acquire Mary Magdalene Biopic. Retrieved April 24, 2016

[13] Khatchatourian, M. (2016, April 21). Michael Keaton Builds McDonald’s Empire in ‘The Founder’ First Trailer. Retrieved April 24, 2016

[14] Weinstein Company Logo. The Weinstein Company. Retrieved April 24, 2016

[15] The King’s Speech Poster. IMDB Media. Retrieved April 24, 2016

[16] The Hateful Eight Poster. IMDB Media. Retrieved April 24, 2016

[17] Photo of Robert and Harvey Weinstein. The Hollywood Reporter. Retrieved April 24, 2016

[18] RADiUS TWC logo. Retrieved April 24, 2016

[19] Jane Got a Gun Poster. IMDB Media. Retrieved April 24, 2016

[20] The Founder Trailer. Youtube. Retrieved April 24, 2016

[21] Photo of David Glasser. Retrieved April 25, 2016

 

Relativity Media

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by Noah Mintz

Relativity Media Logo [1]

RELATIVITY MEDIA
9242 Beverly Blvd #300, Beverly Hills, CA
http://relativitymedia.com

OVERVIEW:

Founded in 2004 by venture-capitalist and movie enthusiast, Ryan Kavanaugh, Relativity Media has and continues to produce, distribute, and structure financing for more than 200 films through their Relativity Studios division. These films have successfully accumulated more than $17 billion of revenue in the worldwide box office and generated over 60 Academy Award nominations [2]. Upon its inception, Relativity Media was widely praised for reimagining the Hollywood landscape in their buying of “textured, mid-budget films… To bankers, Kavanaugh appeared to have cracked the code, having come up with a way to forecast a famously unpredictable business by replacing the vagaries of intuition with the certainties of math” [3].

KEY EXECUTIVES:

RYAN KAVANAUGH, Chief Executive Officer [4]

RAMON WILSON, Interim President [4]

CAROL GENIS, Managing Director [4]

FINANCIALS & RESTRUCTURING:

After six years of financing and distributing high-profile films for major film studios like Sony Pictures Entertainment and Universal Pictures, Relativity Media began making and distributing their own movies in 2010 with their first original film, Season of The Witch (2010). Many industry professionals predicted the company’s downfall after witnessing Kavanaugh’s proven history of financial irresponsibility [5]. Yet Relativity persevered, dealing out successful high-grossing films like Immortals (2011 – $83.5 million), Limitless (2011 – $79.3 million), and Safe Haven (2013 – $71.3 million) [6]. Ryan Kavanaugh’s algorithmic, low-risk business model finally proved to be successful. With over $560 million of assets by the summer of 2015, Relativity seemed relatively untouchable. Yet when an outstanding $330 million in debt to various lenders came due in July of the same year (not to mention the $1.8 billion of debt due in the following years), Relativity was forced to file for Chapter 11 bankruptcy protection on July 30th in New York State Bankruptcy Court [5].

Relativity’s Ryan Kavanaugh Breaks Silence, Points Fingers in Emotional Post-Bankruptcy Interview [5]

With this major speed bump in Kavanaugh’s plan for the future of Relativity Media, the production company came out of the 2015 fiscal year on a surprisingly high note: ranking 12th amongst all other production companies in total market share with 0.6%, and grossing $74.2 million on four movie releases (making them the third largest mini-major production company) [7]. Similarly, things began to look up for Relativity Media at the start of this Spring when United States Bankruptcy Judge Michael Wiles confirmed a reorganization plan for Relativity on February 8th, 2016. With an offer from Trigger Street Productions‘ notable industry moguls Kevin Spacey and Dana Brunetti, Relativity was set to have their debt reduced by over $630 million [8]. Although the deal included Relativity losing their television, fashion, and sports agency divisions to various lenders as a partial settlement for their egregious debt, the film division, Relativity Studios, was granted approval to release their upcoming films Masterminds, The Disappointments Room, Before I Wake, Kidnap, and The Strangers 2 upon successful completion of the deal. Just one month after the negotiation was proposed on the other hand, Spacey backed out, citing his busy acting schedule as an excuse for his inability to serve as Relativity Studio’s new chairman [9][10]. Brunetti did remain on board, however, and now serves as the studio’s President of Production in both film and television operations [11]. After multiple other financial dealings fell through including the unsuccessful Trigger Street negotiation, Relativity entered bankruptcy court once again on March 19th, now with only $16 million of financial help from various capital groups, as opposed to the $100 million Kavanaugh had pledged upon filing Chapter 11 [10].

Image from The Wrap’s “Ryan Kavanaugh’s Relativity Media Declares Chapter 11 Bankruptcy” [13]

On top of Relativity’s fruitless financial dealings, news broke of Relativity Media’s apparent ‘Ponzi Scheme’ in late March. According to Variety magazine’s online article, “The New York investment firm Colbeck Capital aided and abetted Relativity Media’s fraudulent acquisition of a crucial film-release loan — money that was misspent on corporate expenses and to support the high-flying lifestyle of Relativity founder Ryan Kavanaugh” [9]. This claim by RKA Film Financing seeks over $110 million in damages, and has the potential to put Relativity further in debt if found guilty [9].

Amongst Relativity Media and Kavanaugh’s slew of shortcomings and failures to fulfill many of its early bankruptcy pledges, Judge Michael Wiles shockingly granted Relativity Media approval to exit bankruptcy status after many negotiations and a successful $400 million refinancing plan with UK investment firm, Maple Leaf Films (of Maple Leaf Capital Group) [12]. While the investment company has an oddly shady past and limited credits in the film industry, Maple Leaf Films proved to be a significant life saver for the drowning Relativity Media. In the meantime, as they begin the post-bankruptcy reorganization phase, Relativity must face RKA Film Financing and FTI Consulting in court. In the coming months, Relativity will attempt to resolve RKA’s ‘Ponzi Scheme’ claim against the company, and FTI’s fee dispute that began in the summer of 2015 and could cost Relativity an added $4 million of debt [9].

PROJECTION & CONCLUSION:

Upon Relativity Media’s ultimate emergence from bankruptcy, Ryan Kavanaugh and his newly diminished team of industry professionals will continue in their attempt to regain the reputation that was lost in the summer of 2015. With the help of Maple Leaf Films’ convenient endorsement and Judge Wiles’ thoughtful compassion in bankruptcy court, Relativity looks to rebound with its upcoming films Masterminds (which was postponed from its original 2015 release), The Disappointments Room, Before I Wake, Kidnap, and Strangers 2. After a full year without a release, Relativity needs a break. While these upcoming releases do not necessarily ensure a future of success for Relativity, the big-named high-profile comedy, Masterminds, looks to be the company’s one saving grace. With Kristen Wiig, Zach Galifianakis, Owen Wilson, and Jason Sudeikis as the headlining cast, the 2016 comedy earned a 96% in the “Want to See” category on Rotten Tomatoes [14]. While it falls under the throw away genre of stupid comedies, it is likely to make Relativity some much needed cash. Check out the trailer below.

[17]^

There is no certainty when it comes to the future of Ryan Kavanaugh and his brainchild, Relativity Media, but on Relativity’s website dedicated to the company’s reorganization, the CEO and Chairman of the board said it best. While their shaky past two years have further diminished the reputation of a company once recognized as a revolutionary force in the film industry, Kavanaugh promised that “the Relativity that emerges from the Chapter 11 process will be better capitalized and have greater financial flexibility” [15].

Finally, here’s a sneak peek of Realtivity Media’s upcoming film slate directly from their website.

Screenshot of Relativity Media's upcoming film slate direct from their corporate website [16].

Screenshot of Relativity Media’s upcoming film slate direct from their corporate website [16].

SOURCES CITED:

[1] Logopedia. “Relativity Media – 2013 (Free Birds).jpg.” Wikia. Retrieved on: April 22, 2016.

[2] “Relativity Corporate Site – Leadership: About.” Relativity Media. Retrieved on: April 22, 2016.

[3] Wallace, Benjamin. Janruary 25, 2016. “The Epic Fail of Hollywood’s Hottest Algorithm.” Vulture Magazine. Retrieved on: April 22, 2016.

[4] “Relativity Corporate Site – Leadership.” Relativity Media. Retrieved on: April 22, 2016.

[5] Siegel, Tatiana. August 05, 2015. “Relativity’s Ryan Kavanaugh Breaks Silence, Points Fingers in Emotional Post-Bankruptcy Interview (Exclusive).” The Hollywood Reporter. Retrieved on: April 22, 2016.

[6] “Box Office By Studio – All Time: Relativity.” Boxofficemojo.com. Retrieved on: April 22, 2016.

[7] “Studio Market Share – 2015.” Boxofficemojo.com. Retrieved on: April 22, 2016.

[8] Gardner, Eriq. February 08, 2016. “Judge Officially Confirms Relativity’s Reorganization Plan.” The Hollywood Reporter. Retrieved on: April 22, 2016.

[9] Rainey, James. March 10, 2016. “Colbeck Capital Aided Ryan Kavanaugh’s ‘Ponzi Scheme,’ Film Lender Claims.” Variety Magazine. Retrieved on: April 22, 2016.

[10] Rainey, James and Lang, Brent. March 15, 2016. “Without Kevin Spacey or New Equity, Relativity Now Must Face Judgment Day.” Variety Magazine. Retrieved on: April 22, 2016.

[11] Lang, Brent and Littleton, Cynthia. March 13, 2016. “Relativity Relaunch: Kevin Spacey Nixes Chairman Role, Dana Brunetti Sets Deal.” Variety Magazine. Retrieved on: April 22, 2016.

[12] Rainey, James. March 17, 2016. “Relativity Media Claims Lifeline From Obscure Maple Leaf Films.” Variety Magazine. Retrieved on: April 22, 2016.

[13] Cunningham, Todd and Donnelly, Matt. July 30, 2015. “Ryan Kavanaugh’s Relativity Media Declares Chapter 11 Bankruptcy.” The Wrap. Retrieved on: April 22, 2016.

[14] “Masterminds (2016).” Rotten Tomatoes. Retrieved on: April 22, 2016.

[15] “Relativity Corporate Site – Reorganization.” Relativity Media. Retrieved on: April 22, 2016.

[16] “Relativity Corporate Site – Films.” Relativity Media. Retrieved on: April 22, 2016.

[17] Movieclips Trailers. “Masterminds Official Trailer #1.” YouTube. Retrieved on: April 22, 2016.

Lionsgate Entertainment

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Lionsgate Entertainment 

2700 Colorado Avenue, Suite 5000
Santa Monica, California 90404

http://www.lionsgate.com/

Key Executives 

Jon Feltheimer, Chief Executive Officer | Source: Lionsgate.com

Jon Feltheimer, Chief Executive Officer | Source: Lionsgate

Michael Burns, Vice Chairman

Michael Burns, Vice Chairman | Source: Lionsgate

Brian Goldsmith, Co-Chief Operating Officer | Source: Lionsgate.com

Brian Goldsmith, Co-Chief Operating Officer | Source: Lionsgate.com

Steve Beeks, Co-Chief Operating Officer and Co-President, Motion Picture Group | Source: Lionsgate.com

Steve Beeks, Co-Chief Operating Officer and Co-President, Motion Picture Group | Source: Lionsgate.com

Wayne Levin, General Council and Chief Strategic Officer | Source: Lionsgate.com

Wayne Levin, General Council and Chief Strategic Officer | Source: Lionsgate

James W. Barge, Chief Financial Officer | Source: Lionsgate.com

James W. Barge, Chief Financial Officer | Source: Lionsgate

History

Lionsgate Entertainment has taken the entertainment world by storm by becoming the first major new Hollywood studio in 50 years. The Canadian-American company was founded in Vancouver, British Columbia, on July 3, 1997,  and is now headquartered in Santa Monica, California. The brainchild of Frank Giustra and Avi Federgreen, Lionsgate began its rise to the top by producing independent films like “American Psycho” and “Juno” that received critical recognition. [1]

Academy Award Winner Jennifer Lawrence as Katniss Everdeen in "The Hunger Games"

Academy Award Winner Jennifer Lawrence  in “The Hunger Games” | Source: imdb

After the company’s acquisition of Summit Entertainment, Lionsgate took off as a leading producer of blockbuster films such as “The Hunger Games” series and the “Divergent” series. Lionsgate’s motion picture business has grossed an average of $2 billion at the worldwide box office for the past three years, joining the “Big 6” film companies at the top of the market. [2]

 In addition to becoming one of Hollywood’s top film studios, Lionsgate also possesses its own successful television group. Lionsgate’s television business has become a leading supplier of premium scripted content to broadcast, cable and digital networks. [2]

Source: amc.com

Source: amc.com

Lionsgate takes credit for some of television’s highest rated and most iconic series, including “Orange is the New Black”, “Mad Men”, and “Weeds”. Their television portfolio is now home to 30 television series spanning across 20 different networks, with over 30 primetime Emmy nominations to cement the company’s presence as a leading player in the entertainment world. [3]

 Finances

Lionsgate is celebrating a successful year after having moved up a spot to be ranked sixth among all studios for the market share of the film industry. [4] While there has been a decrease in their stock price over the last three months, from $25.40 to $20.33, the company’s stock is rising again. Screen Shot 2016-04-25 at 8.23.37 PM

 The company has seen a lucrative year with their box office total gross coming to $195.9 billion dollars. This success is largely due in part to the high-grossing “Hunger Games” franchise which ended its blockbuster run this past fall. [5]

Source: IMDB.com

Source: EW.com

Their television business has also seen impressive growth, with its revenue increasing by 30% to $580 million . [6] The company anticipates further increase in their television revenue after shows such as “Orange is the New Black” and “Nashville” were picked up for new seasons.

Right Here, Right Now

While Lionsgate has experienced great success from its distribution of film franchises such as “The Hunger Games”, “The Twilight Series”, and The “Divergent” Series, the company has noticed a change in the way these types of franchises are being received. Lionsgate was relying on the newest installment of The “Divergent” Series, “Allegiant“, to take the box office by storm. However, “Allegiant” grossed a mere $29 million dollars its opening weekend in the domestic box office, marking the lowest opening for the film franchise to date. [7]  To date, the film has made $64,403,316 at the domestic box office which compares to the over $130 million produced individually by the franchise’s first two films. 

This disappointing reception to “Allegiant” comes on the heels of another upsetting opening for the company. “Gods of Egypt”, starring Russell Crowe, has been deemed the “first big bomb” of 2016 after its February 26th release. [8] The movie only produced $30 million dollars at the domestic box office after a large marketing campaign within the United States. [9]

Source: Ew.com

Source: movieweb.com

The film struggled to gain viewership after it was accused of being culturally insensitive. “Gods of Egypt” was accused by audiences and critics of “whitewashing” after all the actors cast to portray Africans were white. The lack of diversity and representation in the film stirred controversy and protests which ultimately hurt its success at the box office.[10] However, Lionsgate took full responsibility for its mistake and issued a statement saying “We recognize that it is our responsibility to help ensure that casting decisions reflect the diversity and culture of the time periods portrayed. In this instance we failed to live up to our own standards of sensitivity and diversity, for which we sincerely apologize. Lionsgate is deeply committed to making films that reflect the diversity of our audiences. We have, can and will continue to do better.” [11] While Lionsgate received backlash for their casting mishap, they have received praise after moving the shooting of their Hulu series “Crushed” from North Carolina to Canada after the state’s controversial passing of a new anti-LGBT law.  [12]

The Future

After the failure of both “Gods of Egypt” and “Allegiant”, Lionsgate has been exploring new content to fill the void created by the end of “The Hunger Games”. For years, Lionsgate relied on the teen fantasy series to serve as their highest grossing films. However, the clear loss of enthusiasm for the “Divergent” series has made it evident to the company that it needs a new approach to making blockbuster films. Lionsgate’s current lineup for future movies includes projects such as a “Power Rangers” reboot, a retelling of “The Odyssey”, and film adaptations of the “Magic Treehouse” book series to restore its luster. [13] [14]

While Lionsgate has had its fair share of ups and downs this past year, they are more confident then ever that their brand will resurge with a newer and stronger vibrancy. The company is anticipating a strong opening on June 10, 2016 for their latest film, “Now You See Me 2“, a sequel to the highly successful “Now You See Me“. The film includes a cast of leads such as Woody Harrelson, Jesse Eisenberg, Lizzy Caplan, and Dave Franco, all of whom possess loyal fanbases. [15]

The film also features a highly anticipated cameo from “Harry Potter” actor Daniel Radcliffe which has kept message boards buzzing for the last few months. Lionsgate is not only confident that the film will have a positive reception, but the company is also dipping into the mobile gaming world by creating a “Now You See Me 2” game. [16]

 Lionsgate also has plans to launch Comic-Con HQ, a video-on-demand platform, on May 7, 2016. Comic-Con HQ will consist of scripted and unscripted series, film and TV genre titles, and behind the scene access and special features for their content. The network will focus on drawing in video game and comic book lovers by tailoring the channel’s content to focus on all the elements of Comic Con that fans love. Lionsgate will be launching the channel with free beta access in May before officially launching with paid subscriptions in June of 2016. [17] 

Lionsgate has proven to the entertainment world that they are a force to be reckoned with. A true underdog story, Lionsgate has risen from small independent production company to a leader in the film and television industries. With innovative ideas and content pouring out of the company, 2016 is sure to be a monumental year for Lionsgate Entertainment.

Sources

[1] “LIONSGATE Key Lines of Business.” Corporate. Lionsgate, n.d. Web. 23 Apr. 2016. https://www.lionsgate.com/corporate/

[2] “Lionsgate Movies.” Movies. Lionsgate, n.d. Web. 23 Apr. 2016 https://www.lionsgate.com/movies/

[3]”Lionsgate Television.” Television. Lionsgate, n.d. Web. 23 Apr. 2016. https://www.lionsgate.com/tv/

[4] “2016 Market Share and Box Office Results by Movie Studio.” Box Office Mojo. Box Office Mojo, 1 Jan. 2016. Web. 23 Apr. 2016. http://www.boxofficemojo.com/studio/

[5] France, Lisa Respers. “How ‘Hunger Games’ Changed Hollywood.” CNN. Cable News Network, 19 Nov. 2015. Web. 23 Apr. 2016. http://www.cnn.com/2015/11/19/entertainment/hunger-games-mockingjay-part-2-hollywood-feat/

[6] Fiscal Year 2015 Financial Report. Retrieved November 29, 2015.://www.lionsgate.com/uploads/assets/2015%20Annual%20Report.pdf

[7] “The Divergent Series: Allegiant (2016) – Box Office Mojo.” Box Office Mojo. Box Office Mojo, 22 Apr. 2016. Web. 23 Apr. 2016 http://www.boxofficemojo.com/movies/?id=allegiant.htm

[8] Orange, Alan. “Gods of Egypt Is First Big Bomb of 2016.” MovieWeb. N.p., 27 Feb. 2016. Web. 23 Apr. 2016. http://movieweb.com/gods-of-egypt-box-office-bomb-2016/://movieweb.com/gods-of-egypt-box-office-bomb-2016/

[9] “Gods of Egypt (2016) – Box Office Mojo.” Box Office Mojo. Box Office Mojo, 22 Apr. 2016. Web. 23 Apr. 2016. http://www.boxofficemojo.com/movies/?id=godsofegypt.htm

[10] Lee, Benjamin. “Gods of Egypt Posters Spark Anger with ‘whitewashed’ Cast.” The Guardian. Guardian News and Media, 13 Nov. 2015. Web. 23 Apr. 2016. http://www.theguardian.com/film/2015/nov/13/gods-of-egypt-posters-anger-whitewashed-cast-twitter-exodus

[11] Mendelson, Scott. “Lionsgate Responds To ‘Gods Of Egypt’ Whitewashing Controversy.” Forbes. Forbes Magazine, 27 Nov. 2015. Web. 23 Apr. 2016. http://www.forbes.com/sites/scottmendelson/2015/11/27/exclusive-lionsgate-responds-to-gods-of-egypt-whitewashing-controversy/#6892d8b31f4e

[12] Vlessing, Etan, and Gregg Kilday. “Lionsgate Pulls Hulu Pilot ‘Crushed’ From North Carolina After Anti-Gay Bill.” The Hollywood Reporter. The Hollywood Reporter, 6 Apr. 2016. Web. 23 Apr. 2016. http://www.hollywoodreporter.com/news/lionsgate-pulls-hulu-pilot-crushed-881405

[13] Lang, Brent. “Box Office: ‘Allegiant’ Opening Falling Short of Other ‘Divergent’ Films.” Variety. Variety Entertainment, 15 Mar. 2016. Web. 23 Apr. 2016. http://variety.com/2016/film/box-office/box-office-allegiant-divergent-1201730485/

[14] “Lionsgate Acquires Rights to Globally-Renowned Magic Tree House Book Series.” Childrens Book Council. Childrens Book Council, 21 Apr. 2016. Web. 23 Apr. 2016. http://www.cbcbooks.org/lionsgate-acquires-rights-to-globally-renowned-magic-tree-house-book-series/#.Vxu8yZMrJo5

[15] “‘Now You See Me 2’ Trailer: The Four Horsemen Return With Their Magical Escapades.” The Hollywood Reporter. The Hollywood Reporter, 16 Mar. 2016. Web. 23 Apr. 2016. http://www.hollywoodreporter.com/news/now-you-see-me-2-trailer-daniel-radcliffe-876192

[16] Vlessing, Etan. “Lionsgate Plans ‘Now You See Me’ Mobile Games.” The Hollywood Reporter. The Hollywood Reporter, 7 Mar. 2016. Web. 23 Apr. 2016. http://www.hollywoodreporter.com/news/lionsgate-plans-you-see-me-873278

[17] McNary, Dave. “Lionsgate to Launch Comic-Con Channel in May.” Variety. Variety Entertainment, 14 Mar. 2016. Web. 23 Apr. 2016.  http://variety.com/2016/film/news/lionsgate-comic-con-channel-1201728963/

[18] “The Hunger Games.” IMDB.com. IMDB, n.d. Web. 25 Apr. 2016. http://www.the-numbers.com/market/distributor/Lionsgate

[19] Gallagher, Brian. “5 Gods of Egypt Character Posters Introduce the Cast.”MovieWeb. N.p., 12 Nov. 2015. Web. 25 Apr. 2016. http://movieweb.com/gods-egypt-movie-posters-characters-gerard-butler/

[20] “LIONSGATE Governance.” Corporate. Lionsgate Entertainment, n.d. Web. 25 Apr. 2016. https://www.lionsgate.com/corporate/governance/management/james-w-barge/

[21] Shaw, Ashley. “Get an Inside Look at Mad Men’s Final Season Poster Designed by Milton Glaser.” AMC. AMC, 15 Mar. 2014. Web. 25 Apr. 2016. http://www.amc.com/shows/mad-men/talk/2014/03/amc-reveals-mad-mens-final-season-poster-designed-by-60s-icon-milton-glaser 

[22] Rice, Lynette. “‘Nashville’ Fall Poster Released.” Entertainment Weekly’s EW.com. Entertainment Weekly, 5 Sept. 2013. Web. 25 Apr. 2016. http://www.ew.com/article/2013/09/05/nashville-fall-poster-released

[23] “Lions Gate Entertainment Corp.” Yahoo! Finance. Yahoo!, n.d. Web. 25 Apr. 2016. http://finance.yahoo.com/q?s=LGF

[24] “About the Series.” Magic Tree House. Random House, n.d. Web. 25 Apr. 2016. http://www.magictreehouse.com/

[25] “Power Rangers: Official Website | Videos, Games & Toys | Saban.” Power Rangers The Official Power Rangers Website. Saban Brands, n.d. Web. 25 Apr. 2016. http://www.powerrangers.com/

Disney Movies

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Walt Disney Image Logo

[1] Walt Disney Image Logo

HISTORY

In 1928, Disney created its first attempt at a motion picture called Steamboat Willie, which introduced the infamous Mickey Mouse. Later, in 1934, Walt Disney informed his animators of his intentions of creating the first ever Disney original movie, Snow White and the Seven Dwarfs, which was released three years later, in 1937. This movie was an extreme success and became the highest grossing film of its time until the release of Gone with The Wind. Later on, numerous other successes were released such as Cinderella (1950), Treasure Island (1950), Mary Poppins (1964), The Little Mermaid (1989), Beauty and The Beast (1991), Aladdin (1992), and The Lion King (1994).

Over the years, Disney grew to become a worldwide success, and eventually, in 200, named Robert A. Iger the Walt Disney Studios president, and reached the $25 billion revenue threshold for the first time. He later became chief executive in 2005. Since then, Disney Movies has expanded into a wide scope of entertainment, reaching audiences of all ages. [27]

KEY EXECUTIVES

Sean Bailey President, Walt Disney Studios Motion Picture Productions

[2] Sean Bailey
President, Walt Disney Studios Motion Picture Productions

Alan Horn Chairman, The Walt Disney Studios

[3] Alan Horn
Chairman, The Walt Disney Studios

Robert A. Iger Chairman and Chief Executive Officer

[4] Robert A. Iger
Chairman and Chief Executive Officer

 

FINANCIALS

The 2015 Fiscal Year financial report for Disney has shown extraordinary success throughout the past year. Star Wars The Force Awakens has become the highest grossing movie in the history of the United States and has earned over $1.7 billion world wide. They are anticipating the sequel, Rogue One, to exceed expectations in 2016 and 2017. In fact, Disney Movies has already begun work on Episode VIII for its release in 2017.[5]

IN THEATRES

Zootopia

Zootopia 2016 Release: March 4, 2016 Rated: PG

[6] Zootopia 2016
Release: March 4, 2016
Rated: PG

The Disney original movie, Zootopia, directed by Byron Howard, Rich Moore, and Jared Bush,[7] did profoundly well in the Box Office opening weekend. Opening at number 1 on the weekend of March 4th, 2016, this movie earned an opening weekend gross of $75,063,401 domestically. Including international gross, Zootopia made a cumulative amount of $891,331,606.[8] The majority of the target audience was children, however, as a result of its popular cast, including, Ginnifer Goodwin, Jason Bateman, and Idris Elba, attracted an older audience between the ranges of 18-24.[9] The success of this movie has exceeded all expectations, breaking the record of Disney’s best ever opening for Disney animation as well as managing to dethrone The Lorax from being the record holder of the highest grossing animated movie. [10]

The Jungle Book

The Jungle Book Release: April 15, 2016 Rated: PG

[11]The Jungle Book
Release: April 15, 2016
Rated: PG

This live-action remake of Disney’s classical animation of The Jungle Book, directed by Jon Favreau, has just hit theatres this past weekend and has surpassed its budget with flying colors. Opening this past weekend on April 15th, 2016, The Jungle Book has earned a gross domestically of $147,054426. Including international gross of $246,700,000, the movie made its budget of $175,000,000 in its first week.[12] The Jungle Book has especially done well internationally because of its original success as an animated movie. In Germany, the movie has pulled $5.6 million its opening weekend, the best a Disney movie has done in Germany since the release of Alice in Wonderland in 2010. Despite this fact, however, the original Jungle Book had Germany in awe and captivated the audience more than this new remake, with the original 1967 movie captivating the audience more than any other movie released. [13] Aside from its successful income in Germany, The Jungle Book has reached a gross of $64 million in China, and in third place, $24.6 million in India, being India’s highest grossing Hollywood film in history.[14]

COMING FUTURE RELEASES

Alice Through The Looking Glass Release Date: May 27, 2016 Rated: PG

[15]Alice Through The Looking Glass
Release: May 27, 2016
Rated: PG

Alice Through The Looking Glass

Coming May 27, 2016, Alice Through the Looking Glass, directed by James Bobin, revolves around Alice returning to Wonderland to go on a journey back in time to save the Mad Hatter. When she awakens in Wonderland, she must travel to a new world to retrieve a magical sceptre that can stop the evil Lord of Time from turing Wonderland into a lifeless world. She must also stop the plans of putting the Queen of Hearts back on the throne. Starring celebrities such as Johnny Depp, Anne Hathaway, Alan Rickman and Helen Bonham Carter, this movie will be attracting audiences of all ages. In addition, this movie is the last movie Alan Rickman worked on before passing this past January. [16][17]

Finding Dory

Finding Dory Release Date: June 17, 2016 Rated: PG

[18] Finding Dory
Release: June 17, 2016
Rated: PG

Finding Dory, starring Ellen DeGeneres and Albert Brooks, revolves around the return of Dory to her loving friends, and the discovery of the true meaning of friendship and family on her quest to find her mother and father. Disney has not released any further information about the description of the movie to its fans. [19] This movie has been creating some major discussions about the expectations of the presentation of the movie, especially in the Arab world. Egyptians specifically are concerned that Disney will be presenting this movie in an Arabic dialect as opposed to an easy Egyptian dialect favoured by most. In fact, a petition has been growing online called “Return the Egyptian Dialect to Disney movies” where they are asking Disney to reconsider its decision to proceed with a standard Arabic dialect. This is campaign is not the first to voice this issue. In 2014, when Disney released Frozen in an Arabic dialect instead of Egyptian, many made similar calls of concern on the issue. Questions were raised as to why Disney continued dubbing its movies into 41 different languages, yet ceased to continue dubbing in the Egyptian dialect in favour of the modern standard Arabic. Disney has accommodated the different dialects of Spanish, Portuguese and French, yet stopped accommodating the different dialects of Arabic. [20]

LATER RELEASES

Moana Release Date: November 23, 2016 Rated: Not Yet Rated

[21] Moana
Release: November 23, 2016
Rated: Not Yet Rated

Pete's Dragon Release: August 12, 2016 Rated: Not Yet Rated

[22] Pete’s Dragon
Release: August 12, 2016
Rated: Not Yet Rated

 

 

 

 

 

 

 

 

 

Rogue One Release: December 16, 2016 Rated: Not Yet Rated

[28] Rogue One
Release: December 16, 2016
Rated: Not Yet Rated

The BFG Release: July 1, 2016 Rated: Not Yet Rated

[23] The BFG
Release: July 1, 2016
Rated: Not Yet Rated

 

MAJOR NEWS

Paper Magician Series Author: Charlie Holmberg

[24] Paper Magician Series
Author: Charlie Holmberg

Earlier this week it was announced that Disney just purchased the movie rights to the “Paper Magician” Series written by the Utah based author, Charlie N. Holmberg. Allison Shearmur, the producer of The Hunger Games, and Disney’s Cinderella and Rogue One: A Star Wars Story, is on board to work on and produce the story. Holmberg is quite excited to see where the story will go from now on. It is up to Disney to decide her part in the process, however, Holmberg seems on board for the steps Disney sees fit to take. [25] The Paper Magician, an adult historical fantasy, revolves around a nineteen year old paper magician, Ceony Twill, who is working to save the life of her love interest and teacher, Emery Thane. [26]

 

Sources:

  1. Walt Disney Image Logo. Wallpaper Cave. Retrieved: April 23, 2016.
  2.  Sean Bailey Photo. Walt Disney Studios. Retrieved: April 23, 2016.
  3. Alan Horn Photo. Walt Disney Studios. Retrieved: April 23, 2016.
  4. Robert A. Iger Photo. The Walt Disney Company. Retrieved: April 23, 2016.
  5. Disney Annual Financial Report. Walt Disney Company. Retrieved: April 23, 2016.
  6. Zootopia Photo. Disney Movies. Retrieved: April 23, 2016.
  7. Zootopia. IMBD Media. Retrieved: April 23, 2016.
  8. Zootopia (2016). Box Office Mojo. Retrieved: April 23, 2016.
  9. Zootopia. IMBD Media. Retrieved: April 23, 2016.
  10. Schwerdtfeger, Conner. (Feb. 2016) “Zootopia Just Broke Disney’s Records, Get Details.” CinemaBlend. Retrieved: April 23, 2016.
  11. The Jungle Book Photo. Disney Movies. Retrieved: April 23, 2016.
  12. The Jungle Book (2016). Box Office Mojo. Retrieved: April 23, 2016.
  13. Roxborough, Scott. (April 22, 2016). “Why Disney’s Original ‘Jungle Book’ is Germany’s Biggest Film of All Time.” The Hollywood Reporter. Retrieved: April 23, 2016.
  14. Rana, Preetika. (April 21, 2016). “Disney’s ‘Jungle Book’ Becomes India’s Highest-Grossing Hollywood Film.” The Wall Street Journal. Retrieved: April 23, 2016.
  15. Alice Through The Looking Glass Photo. Disney Movies. Retrieved: April 23, 2016.
  16. Alice Through The Looking Glass. Disney Movies. Retrieved: April 23, 2016.
  17. Alice Through The Looking Glass (2016). IMDB Media. Retrieved: April 23, 2016.
  18. Finding Dory Photo. Disney Movies. Retrieved: April 23, 2016.
  19. Finding Dory (2016). IMDB Media. Retrieved: April 23, 2016.
  20. SyndiGate.info. (April 18, 2016). “Make Arabic Disney Magical Again: Egyptians Want Dubbed in their Dialect.” Albawaba Entertaiment. Retrieved: April 23, 2016.
  21. Moana Photo. Disney Movies. Retrieved: April 23, 2016.
  22. Pete’s Dragon Photo. Disney Movies. Retrieved: April 23, 2016.
  23. The BFG Photo. Disney Movies. Retrieved: April 23, 2016.
  24. Paper Magician Series Photo. KSL.com. Retrieved: April 23, 2016.
  25. Tholen, Celeste. (April 20, 2016). “Disney Purchases Movie Rights to Utah Author’s ‘Paper Magician’ Series.” KSL.com. Retrieved: April 23, 2016.
  26. Holmberg, Charlie N. “The Paper Magician Summary.” Book Rags. Retrieved: April 23, 2016.
  27. Disney History. Disney Studios. Retrieved: April 23, 2016.
  28. Rogue One Photo. IMDB Media. Retrieved: April 23, 2016.

Relativity

Posted on by 
by Nicholas Matarazzo
Relativity Media Logo

[1] Relativity Media Logo

HISTORY

Relativity Studios, or simply Relativity, consists of the film and television divisions of Relativity Media LLC. Founded by Ryan Kavanaugh in 2004, the company has produced, distributed and structured financing for over 200 feature films garnering 60 Oscar® nominations. Led by President and Chairman Tucker Tooley and President of Production Robbie Brenner, Relativity has released No. 1 box office openers such as Immortals, which grossed $83 million domestically [2], and produced Academy Award Winning films such as the Internet biopic The Social Network (2010) and The Fighter (2010).

[2] "The Social Network" is one of Relativity's most critically acclaimed films, winning Best Adapted Screenplay, Best Original Score, Best Film Editing at the 2011 Academy Awards.

[3] “The Social Network” is one of Relativity’s most critically acclaimed productions, winning Best Adapted Screenplay, Best Original Score, Best Film Editing at the 2011 Academy Awards.

Relativity produces films for large audiences both foreign and domestic, which provide entertainment for a wide variety of target audiences and demographics. With genres ranging from heart-felt romantic dramas to action packed, adrenaline filled thrillers, Relativity strives to bring premium feature films to theaters all over the globe. Some of Relativity Studios’ most successful films include Limitless (2011), starring Bradley Cooper, and Mirror Mirror (2012), starring Julia Roberts.

In addition to film production Relativity also houses both financing and distribution divisions, equipping itself as a fully fledged vertically integrated company. The company has the resources to finance, produce and distribute a film from start to finish and has done so even more effectively since 2010 when the company absorbed the marketing and distribution holdings of Overture Films.

 

KEY EXECUTIVES

Ryan Kavanaugh, CEO of Relativity Media

[4] Ryan Kavanaugh, CEO of Relativity Media

Tucker Tooley, President and Chairman of Relativity Media

[5] Tucker Tooley, President and Chairman of Relativity Media

[6] Robbie Brenner, President of Production of Relativity Studios

[6] Robbie Brenner, President of Production of Relativity Studios

 

 

 

 

 

 

 

 

FINANCIALS

Relativity ranks 9th in overall film distributor companies, owning 2.5% of the total market share as of April 12, 2015. The company’s total gross is $73.6 million with 4 films released thus far in 2015 [7]. Relativity has improved in market share from the previous year, ranking 9th with 1.8% market share and grossing $186.5 million with its 8 films that were released in 2014 [8]. Relativity saw a 22.7% decrease in gross between 2013 and 2014 due in large part to the lack of success of the McG action flick Three Days to Kill [9].

IN THEATERS

“Desert Dancer” (2015)

"Desert Dancer" is biographical drama based on the cultural repression of Afshin Ghaffarian, an Iranian dancer.

[10] “Desert Dancer” is biographical drama based on the cultural repression of Afshin Ghaffarian, an Iranian dancer.

The biographical story depicts the life of Afshin Ghaffarian, a dancer who fled Iran in 2009 due to cultural repression. The film originally debuted at the Cannes Film Festival in Cannes, France in May of 2012. In 2013, the distribution rights were acquired by Relativity at the American Film Market and the film was slated for release in the spring of 2015. In limited release, the film opened on April 10, 2015, in 23 theaters in the US. The film has a current domestic gross of just under $60,000, as of April 16th, 2015 and will move to expanded release on the 17th [11].  Andy Webster of the New York Times says “The fictionalized biopic “Desert Dancer” explores fascinating aspects of present-day Iran but suffers mightily from simplistic and sentimental tendencies” [12].

 

SPRING 2015 RELEASES

“Black or White” (2015) 

Starring Academy Award Winners Kevin Costner and Octavia Spencer, "Black or White" follows a young girl caught in a custody battle, mixed within racial qualms of two seemingly different families.

[13] Starring Academy Award Winners Kevin Costner and Octavia Spencer, “Black or White” follows a young girl caught in a custody battle, mixed within racial qualms of two seemingly different families.

The heart felt drama was released on January 30, 2015, and saw a domestic gross of $21.5 million. In it’s opening weekend, Black or White ranked third among weekend releases, opening in 1,823 theaters, and averaged $3,408 per theater, attributed to 28.9% of the total domestic gross. Against a production budget of $9 million, the film failed to make budget in its first weekend with a $6.2 million weekend gross [14]. The film received mediocre acclaim for it’s simple and overly-stereotypical characters, and failed to live up to the promised look at the diverse world the audience is brought in to. With a 37% rating on the website Rotten Tomatoes (from 83 reviews) [15], and 45 out of 100 rating on Metacritic [16], it appears that the “inspired by true events” drama garnered average reviews at best. Says the critic consensus on Rotten Tomatoes “”Black or White” has more on its mind than your average family drama, but the film’s approach to its thought-provoking themes too often lives down to its title.” [17]

“The Lazarus Effect” (2015)

Released on February 27, 2015, this horror-thriller starring Olivia Wilde, opened at No. 5 on the weekend box office. The Lazarus Effect, opened in 2,666 theaters; the film averaged $3,827 per theater and grossed a weekend total of $10.2 million which made up 40.1% of the total gross [18]. Despite a strong weekend opening against a production budget of $3.3 million, the film’s success was short lived due to poor critic reviews. Critical consensus on the popular website Rotten Tomatoes said “”The Lazarus Effect” has a talented cast and the glimmer of an interesting idea, but wastes it all on insipid characters and dull, recycled plot points” which is no surprise given its 14% rating [19].

UPCOMING

“Masterminds” (2015) 

Originally titled Loomis Fargo, and based on the true story of the 1997 Loomis Fargo robbery, in which a vault supervisor for the bank stole $17 million and fled to Mexico, Masterminds is the latest comedy from Napoleon Dynamite director Jared Hess. The film stars Zach Galifianakis, Owen Wilson, Kristen Wiig, Jason Sudeikis, Ken Marino, Kate McKinnon, and Leslie Jones. Eastbound & Down producers Jody Hill and Danny McBride both worked on the script and executive-produced [20].

 PROJECTIONS FOR RELATIVITY

With few releases slated for in the first half of 2015 and even fewer in the coming months Relativity is looking at yet another decrease in total gross. Looking forward, it appears that the amount of pressure on such upcoming summer releases as Masterminds, Big Game, and Jane Got a Gun is becoming more apparent. It’ll be interesting to see how the rest of the year pans out for Relativity, heading into a shaky second quarter, after a not so strong first.

SOURCES

[1] Relativity Media Logo Relativity Media Retrieved April 10 2015

[2} Box Office by Studio: Relativity Box Office Mojo Retrieved April 10 2015

[3] The Social Network Movie Poster IMP Awards Retrieved April 10 2015

[4] Ryan Kavanaugh Relativity Media Retrieved April 10 2015

[5] Tucker Tooley Relativity Media Retrieved April 10 2015

[6] Robbie Brenner Relativity Media Retrieved April 11 2015

[7] Studio Market Share: Yearly Comparison Box Office Mojo Retrieved April 11 2015

[8] Studio Market Share: 2014 Box Office Mojo Retrieved April 11 2015

[9] Studio Market Share: 2013 Box Office Mojo Retrieved April 11 2015

[10] Desert Dancer Movie Poster Movie Insider Retrieved April 11 2015

[11] Gross Domestic Box Office Results: Desert Dancer Box Office Mojo Retrieved April 12 2015

[12] Review: Desert Dancer New York Times Retrieved April 12 2015

[13] Black or White Movie Poster Mixed Nation Retrieved April 12 2015

[14] Total Gross Box Office Results: Black or White Box Office Mojo Retrieved April 12 2015

[15] Review: Black or White Rotten Tomatoes Retrieved April 12 2015

[16] Review: Black or White Metacritic Retrieved April 13 2015

[17] Review: Black or White Rotten Tomatoes Retrieved April 13 2015

[18] Total Gross Box Office Results: The Lazarus Effect Box Office Mojo Retrieved April 13 2015

[19] Review: The Lazarus Effect Rotten Tomatoes Retrieved April 13 2015

[20] 2015 Preview: Masterminds Rolling Stones Retrieved April 13 2015

Focus Features

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by John Pflieger
[21] Focus Features Logo

[21] Focus Features Logo

Focus Features is a film production and distribution company that serves at the art house film department of the NBCUniversal brand.  Started in 2002, Focus Features is currently run by CEO Peter Schlessel, who took the helm in late 2013 after Focus and the FilmDistrict merged in 2013 [1].  Focus Features has had great success over the last 12 years with critically acclaimed releases like Brokeback Mountain, Dallas Buyers Club, and Lost in Translation just to name a few.  The former being the most successful Focus Feature production to date, grossing $83 million and receiving 3 Academy Awards and receive nominations for 5 more along with a slue of other awards [2][3].

Financials

Catering usually to more specific audiences then some of the major production house, Focus Features is currently ranked 12th for top grossing production companies in the 2014 year, with a total gross of $104 million, which puts them in control of 1.1% of the current market share [4].  Though falling short to its 5th ranked older brother Universal Pictures, the smaller production company has managed to sustain an average gross of $8.7 million per release over the course of its 11 releases in 2014 [4][5].  With award season approaching, Focus has the potential to see continued growth in revenue through the beginning of 2015.  With Oscar buzz surrounding actor Eddie Redmayne of Focus Features most recent release The Theory of Everything, a nomination for best actor has the potential to increase revenue by about $600,000, where a win in the category could yield nearly $6 million in increased revenue[6][7].  Though Focus is only responsible for a small portion of NBCUniversal’s $1.4 billion filmed entertainment revenue, the small production house continues to boast impressive figures[8].

Recent Releases 

“The Theory of Everything “

[22] The Theory of Everything Poster

[22] The Theory of Everything Poster

The biographical film chronicles the life of astrophysicist Stephen Hawking as he fell in love with his wife Jane, explored the science of universal time, and struggled with the debilitating neurological disease of ALS[9].  Eddie Redmayne, who plays Steven Hawking, has already been labeled by Variety as one of the main contenders for the Best Actor Academy Award[6].  The film, which opened November 7th in a limited release to 5 theaters grossed $208,763 and continued to succeed as it hit a wide release November 26th in 802 theaters and grossed slightly over $5 million in its wide release opening[10].  As of December 1st the film has grossed $9.6 million and has the potential to see continued success as the holidays and award season approaches[10].

“Kill The Messenger”

[23] Kill The Messenger Poster

[23] Kill The Messenger Poster

A political thriller starring Academy Award nominated actor Jeremy Renner, tells the story of journalist Gary Webb, who stumbles across a dark story that involves drugs and government cover-ups[11].  The film opened October 10th in 374 theaters and grossed $941,809 in its opening weekend.  At its widest relapse the film was only in 427 theaters and to date has only grossed $2.4 million, having been stifled by the Buena Vista release of “Alexander and the Terrible, Horrible, No Good, Very Bad Day” which was release the same day and saw far greater success[12][13].

“The Boxtrolls”

[24] The Boxtrolls Poster

[24] The Boxtrolls Poster

This family film tells the tail of an adventure of a group of unique creatures as they raise an orphan and fight for their lives in an effort to thwart their local town villain[14].  This film has been the most successful release for Focus Features this year having grossed nearly $50 million.  The feature opened September 26th 3,464 theaters and gross $17.2 million, which accounted for 34.9% of the films total gross domestically[15].  The film went on to gross $56.2 million worldwide, making a total of $105.7 million, which is a huge success not only for Focus Films, but also for the small Oregon based stop-motion animation house Laika Studios, which carried out the animation for “The Boxtrolls.”[15][16]  The small animation studio also produced “ParaNorman” and “Coraline” for Focus Features, which are both in Focus Feature’s top 5 for most successful domestic grossing films[5].  Only days after the opening of “The Boxtrolls”, Focus Features signed an agreement with Laika to work with them on 3 more feature length films[17].  This agreement proves to be especially wise when looking at the fact that all three of the films that Laika and Focus have teamed up on have grossed over $100 million world wide, making them highly profitable[17].  There is still room for more success in the coming months, seeing that “The Boxtrolls” received 13 nominations in this years Annie Awards, and is only expected to receive more nods as award season get underway[18].

Upcoming

Focus Features consistently releases 10-12 films a year, making them a highly productive production house for the scale of their operation[5].  As of now, Focus has announced a few new projects that will be coming up in 2015 which will have the potential to make quite a splash in the market place in the upcoming year.

[25] 50 Shades of Grey Poster

[25] 50 Shades of Grey Poster

One of the more anticipated Focus Features releases of 2015 is the adaptation of the novel 50 Shades of Grey.  The popular 3 part book series will be treated as a trilogy by focus and will follow the saga of the novels quite closely.  The film is scheduled to be released on Valentines Day, offering an interesting option for holiday viewing[19].

[26] Black Sea Poster

[26] Black Sea Poster

Another highly anticipated 2015 Focus release is the upcoming release starring Jude Law, “Black Sea”.  The apparent action movie casts Law as a submarine captain who is working with a team of Russian and English crew members to salvage Nazi gold in a sunken U-boat.  The film is scheduled to be released January 23 of 2015[20].

Future of Focus Features

The future for Focus Features appears to be very bright.  With a recent 3 film deal with Laika Studios, this is a air of optimism, because with the success of the studio’s earlier films, we can only assume that with the proper marketing and distribution the next 3 should be just as successful.  Also with the “50 Shades of Grey” series on the horizon, there are multiple prospects for continued growth.  As we see the success of Comcast and NBCUniversal and their continued growth, the potential for the expansion of Focus Features is exponentially increased.

Citations:

1.     Focus Features Announces More Key Senior Hires, hollywoodreporter.com, RT; 12/01/14

2.    Brokeback Mountain, Boxofficemojo.com, RT: 12/01/14

3.   Brokeback Mountain Awards, imdb.com, RT: 12/01/14

4.   Studio Market Share, Boxofficemojo.com, RT: 12/01/14

5.   Focus Features, Boxofficemojo.com, RT: 12/01/14

6.   Contender: Lead Actor Preview, Variety.com, RT: 12/01/14

7.   How Oscar Nominations Affect the Box Office, Businessinsider.com, RT: 12/01/14

8.   Comcast Earnings Release, cmcsk.com, RT: 12/01/14

9.   The Theory of Everything, Rottentomatos.com, RT: 12/01/14

10. The Theory of Everything, Boxofficemojo.com, RT: 12/01/14

11. Kill the Messenger, Rottentomatos.com, RT: 12/01/14

12.  Kill the Messenger, Boxofficemojo.com, RT: 12/01/14

13.  Alexander and the Terrible, Horrible, No Good, Very Bad Day, Boxofficemojo.com, RT: 12/01/14

14.  The Boxtrolls, Rottentomatos.com, RT: 12/01/14

15. The Boxtrolls, Boxofficemojo.com, RT: 12/01/14

16.  Laika Studios, Laikastudios.com, RT: 12/01/14

17. Focus Features, Laika Ink Three-Film Pact, hollywoodreporter.com, RT; 12/01/14

18.  Boxtrolls leads Annie Award nominations, bbc.com, RT; 12/01/14

19. 50 Shades of Grey, fiftyshadesmovie.com, RT; 12/01/14

20. Black Sea, focusfeatures.com, RT; 12/01/14

21. Focus Features Logo, thewrap.com, RT; 12/01/14

22. The Theory of Everything Poster, imdb.com, RT; 12/01/14

23. Kill the Messenger Poster, imdb.com, RT; 12/01/14

24. The Boxtrolls Poster, imdb.com, RT; 12/01/14

25. 50 Shades of Grey Poster, imdb.com, RT; 12/01/14

26. Black Sea Poster, imdb.com, RT; 12/01/14

MGM Studios

Posted on by 
by Abby Schwartz

[1] MGM‘s iconic logo and mascot Leo the Lion

History

MGM Studios was founded in 1924 through the merger of three pre-existing studios: Metro Pictures Corp., Goldwyn Pictures, and Louis B. Mayer Productions. This leading entertainment company is involved primarily in the production and distribution of films and television programs.  Some of the studio’s early work include successful classics such as Gone with the Wind and The Wizard of Oz [2]. Once a major player in the industry, MGM filed for Chapter 11 Bankruptcy in 2010 but emerged shortly thereafter, leaving Gary Barber and Roger Birnbaum of Spyglass Entertainment as heads on the company [3]. A mere two years later however, Birnbaum left MGM to return to producing, making Barber the sole CEO and Chairman of the company [4]. 2014 marks the 90th Anniversary of the studio. In celebration, movies will be re-released on Blu-ray and a special trailer will be played throughout theaters giving the viewers a glimpse into the rich history of the company [5].

Key Executives

 

[6] Gary Barber (L)- Chairman and CEO

[7] Jonathan Glickman  (R)- President, Motion Picture Group

 

Screen Shot 2014-11-30 at 3.26.17 PM

 

[8] Roma Khanna (L)- President, Television Group and Digital

[9] Dene B. Stratton (R)- CFO

 

 

Finances

Although still partially privately held by MGM Holdings Inc. MGM has been publicly releasing its finances since its bankruptcy in 2010 and IPO for MGMB was offered in 2012. In its most recent quarterly report (Q3), the company announced net income of $28.5 million, up from 16.5 in the same quarter last year. The revenue however, came in about $9 million lower in comparison to the same quarter in 2013 [10]. This drop was expected since 2013 generated significant revenue thanks to the “theatrical explosion” of Skyfall, the 23rd installment in the successful James Bond franchise, in late 2012 [11].

MGM also revealed in its report that it had paid $343 million for a 55% stake in a joint venture with Mark Burnett, Roma Downey, and Hearst Entertainment Productions [12]. All of the interests will be consolidated in United Artists Media Group – a new media venture. This venture gives MGM a stake in successful television shows such as Survivor, The Voice, Shark Tank, and the upcoming miniseries A.D. [13].

Upcoming Projects

The Hobbit: The Battle of Five Armies (12/17/14)

[14] The Hobbit: The Battle of Five Armies Trailer

The Hobbit: Battle of Five is the final installment in Peter Jackson’s Hobbit trilogy based on J.R.R. Tolkien’s fantasy novel of the same name.  It is a co-production with New Line Cinema, WingNut Films, and Warner Bros. who also is the film distributor.  According to Jackson, the movie is not so much about this final battle per se, but rather about what will happen to beloved characters. The film stars franchise favorites Ian McKellen and Martin Freeman [15]. This past week, according to iSpot.tv, The Hobbit spent the most money in television advertising, having twelve variations of the ad play on 47 networks [16].

Max (01/30/15)

Not much is known about this co-production with Warner Bros. due out this January. Directed by Boaz Yakin, the film tells the story of Max, a service dog who returns to the U.S. after his handler’s traumatizing death. Once stateside, he is adopted by the man’s grieving family and helps them heal, moving past their tragedy [17].

Hot Tub Time Machine 2 (02/20/15)

[18] Hot Tub Time Machine 2 Trailer (NSFW)

This comedic farce is the sequel to the 2010 film Hot Tub Time Machine and stars funny men Craig Robinson, Rob Corddry, and Clark Duke who are all reprising their characters introduced in the first film. Joining them will be Parks and Recreation’s Adam Scott, who fill the spot left opened by John Cusack.  Originally due out Christmas Day, it was announced in October that the film was being pushed back until February, thus avoiding direct competition with Sony’s fellow buddy film The Interview which stars comedy duo James Franco and Seth Rogan [19]. MGM will distribute and co-produce the film with Paramount Pictures.

Don’t Mess With Texas (05/08/15)

[22] Vergara and Witherspoon pose for a photo on set

Bringing together Reese Witherspoon and Sofía Vergara, the female centric comedy set for a spring release is about a cop (Witherspoon) who goes on the run with a prisoner (Vergara), who is the wife of a drug dealer [20]. Co-produced with Warner Bro. and Newline Cinema, the action-comedy is being directed by Anne Fletcher known for popular films such as The Proposal and more recently Guilt Trip [21].

Poltergeist (07/24/15)

The 80s film about a Californian family haunted by supernatural forces and was also produced by MGM, is getting an update. This remake of the horror film is written by Pulitzer Prize Winner David Lindsay-Abaire and being produced by The Evil Dead‘s Sam Raimi [23]. Initially, the film – based on the original, considered by many to be the scariest film of all time – received an R rating from the MPAA, but producer Steven Spielberg successfully lobbied for the film to receive a PG-13 rating [24]. Rosemarie DeWitt, who plays mom Amy Bowen, revealed that the iconic line from the original “They’re Here” will be featured in the film which will also have lots of modern tech gadgets like iPads to reflect on the current times [25].

Bond 24 (11/06/15)

The currently working-titled film will be the 24th installment in the successful franchise.

Daniel Craig as James Bond in a movie poster for Skyfall (2012)

Daniel Craig and Sam Mendes will reprise their roles as 007 and director respectively [26]. Additionally, Academy Award Winner Christoph Waltz has been tapped to play iconic villain Ernst Stavro Blofeld, who has not been featured in a Bond film since 1981 [27]. Hilary Swank has recently been rumored to be the next Bond Girl, making her the oldest one in the history of the franchise, but many believe this to be just talk and that the coveted role will go to French actress Léa Syedoux [28]. In legal news, MGM continues a copyright infringement case against Universal over Bond, claiming that their upcoming film ‘Section 6’ is a rip-off of the spy franchise. Universal has been trying to get the case dismissed since its filing in May claiming that MGM is afraid of any possible competitors [29].

Ben Hur (02/26/16)

Though not premiering for over a year, this remake of the 1959 film based on Lew Wallace’s 1880 novel is already creating significant buzz. The film marks the first known collaboration between MGM and Burnett/Downey and tells the epic story of a falsely accused prince (Ben Hur) who manages to survive years of slavery and vows to take vengeance on his friend Messala who betrayed him. Boardwalk Empire star Jack Huston is confirmed to play the title role. He joins the previously cast Morgan Freeman who is slated to play Ben Hur’s mentor Ildarin [30]. Toby Kebbell, Ayelet Zurer and Olivia Cooke are slated to star as Massala, Naomi (Ben Hur’s mother), and Tirzah (Ben Hur’s sister) respectively [31].

———————————————————————————————————

Sources

[1] Leo The Lion GIF. (n.d.). Retrieved November 19, 2014.

[2] MGM HomePage. (n.d.). Retrieved November 19, 2014.

[3] McNary, D. (2010, November 4). Judge OKs MGM Bankruptcy Motions. Retrieved November 19,  2014.

[4] Finke, N. (2012, October 3). MGM’s Roger Birnbaum Steps Down To Return To Producing; Gary Barber Now Revived Studio’s Sole Chairman & CEO. Retrieved November 19, 2014.

[5] METRO-GOLDWYN-MAYER CELEBRATES 90 YEARS OF EXTRAORDINARY FILMMAKING. (2014, January 22). Retrieved November 11, 2014.

[6] Gary Barber Photo. (n.d.). Retrieved November 21, 2014.

[7] Jonathan Glickman Photo (n.d.). Retrieved November 21, 2014.

[8] Roma Khanna Photo (n.d.). Retrieved November 21, 2014.

[9] Dene B. Stratton Photo (n.d.). Retrieved November 21, 2014.

[10] Wanvari, T. (2014, November 18). MGM Holdings revenue down, income up in Q3-2014. Retrieved November 22, 2014.

[11] MGM HOLDINGS INC. For the quarter ended September 30, 2014. (2014, November). Retrieved November 22, 2014.

[12] Lang, B. (2014, November 13). MGM Spent $343 Million for Mark Burnett/Roma Downey Joint Venture. Retrieved November 22, 2014.

[13] Fleming, M., & Busch, A. (2014, September 22). MGM Buys 55% Of Roma Downey And Mark Burnett’s Empire; Relaunches United Artists. Retrieved November 22, 2014.

[14] The Hobbit: The Battle of the Five Armies – Official Main Trailer [HD]. (2014, November 6). Retrieved November 23, 2014.

[15] Truitt, B. (2014, November 6). ‘Five Armies’ closes the curtain on Middle-earth. Retrieved November 23, 2014.

[16] ‘The Hobbit’ Battles Its Way to Top TV Ad Spend Position. (2014, November 26). Retrieved November 29, 2014.

[17] Max. (n.d.). Retrieved November 26, 2014.

[18] Hot Tub Time Machine 2 – Red Band Trailer. (2014, July 24). Retrieved November 26, 2014.

[19] McClintock, P. (2014, October 14). Christmas Exodus Continues as ‘Hot Tub Time Machine 2’ Pushes Back Release – Hollywood Reporter. Retrieved November 26, 2014.

[20] Don’t Mess with Texas. (n.d.). Retrieved November 27, 2014, from http://www.imdb.com/title/tt2967224/

[21] Anne Fletcher. (n.d.). Retrieved November 29, 2014.

[22] Sofia Vergara and Reese Witherspoon. (n.d.). Retrieved November 30, 2014.

[23] Poltergeist. (n.d.). Retrieved November 28, 2014.

[24] Marquina, S. (2014, October 17). Poltergeist Reboot Scores PG-13 Rating By the MPAA. Retrieved November 27, 2014.

[25] Malkin, M. (2014, October 5). Will Poltergeist Remake Include ”They’re Here”? Retrieved November 30, 2014.

[26] Bond 24. (n.d.). Retrieved November 25, 2014.

[27] London, C. (2014, November 23). You weren’t expecting this, 007. But…BLOFELD’S BACK! Bond will be having kittens as evil foe returns – with double Oscar winner Christoph Waltz tipped to play him . Retrieved November 26, 2014.

[28] Leston, R. (2014, November 29). Hilary Swank Linked With Bond 24. Retrieved December 1, 2014.

[29] Patten, D. (2014, October 7). Universal Hits Back At “Desperate” James Bond Lawsuit From MGM & 007 Producers. Retrieved November 23, 2014.

[30] Fleming, M. (2014, September 16). ‘Ben-Hur’ Remake: ‘Boardwalk Empire’s Jack Huston Lands Title Role. Retrieved November 28, 2014.

[31] Sneider, J. (2014, November 13). ‘Ouija’ Star Olivia Cooke May Play Jack Huston’s Sister in ‘Ben-Hur’ Remake (Exclusive) – TheWrap. Retrieved November 29, 2014.

 

 

Universal Pictures

Posted on by 
by John Rooney

 

Universal Pictures logo

Universal Pictures logo [17]  

Location: 100 Universal Plaza, Universal City, California 91608

Web: http://www.universalpictures.com

History

Universal Pictures, Inc. was founded in 1912 by filmmaking partners Carl Laemmle and Robert Cochrane.  As the oldest American film studio, Universal maintains its status as a powerhouse in the world of movie production and distribution. The studio is part of NBCUniversal, which is altogether owned by Comcast. [1] In its over one-hundred years of history, the studio has produced dozens of beloved classics such as Jurassic Park, E.T. and Jaws. 

Key Executives  [2]   

Donna Langley, Chairman, Universal Pictures

Donna Langley, Chairman Universal Pictures

Donna Langley, Chairman Universal Pictures [2]  

Promoted to chairman in September of 2013, Langley has the task of overseeing all film production for Universal Pictures and Focus Features.

Jeff Shell, Chairman, Universal Filmed Entertainment

Jeff Shell, Chairman, Universal Filmed Entertainment

Jeff Shell, Chairman,
Universal Filmed Entertainment [2] 

Shell took over in September of 2013.  He came from Comcast, where he previously was the head of Universal International.  He is in charge of worldwide operations for the film studio.

Ron Meyer, Vice Chairman, NBCUniversal

Ron Meyer - www.nbcumv.com

Ron Meyer – www.nbcumv.com [2]  

Also appointed in September of 2013, Meyer’s job is to oversee all operations and planning for the company from films to theme parks.

Finances

Universal finished 2013 in third place in terms of revenue, just behind Warner Brothers and Disney.  The studio also saw its largest worldwide revenue ever, $3.67 billion ($1.42 billion domestic, $2.25 billion international).  This was a considerable increase from the $3.13 billion the studio made in 2012.   Films such as Identity Thief, The Purge, and Mama helped the studio achieve such success. [3]

In 2013, Universal broke the $2 billion revenue mark in the international market for the first time ever.  Fast & Furious 6, another huge film for Universal, opened at number one in 65 international territories and gave the studio it biggest opening weekend ever.  Other films such as Despicable Me 2 and Oblivion helped throw Universal into the global spotlight. [4]

Competition

For years, some of Universal’s main competition has been other large film studios such as Disney, Warner Brothers, Fox, and CBS. [5] However, another large area of competition for Universal and other film companies is movie and TV streaming software such as Netflix and Hulu.  A consumers ability to stream content online from a subscribed service is sure to hurt DVD sales.  Additionally, online streaming companies have been making all sorts of business ventures in order to create and sell their own original content. [6] 

Recent Film Releases

Neighbors 

Good Neighboors

Neighbors [7]  

An R-rated comedy from Good Universe, Neighbors is a hilarious account of a young husband and father’s struggles to peacefully coexist with a reckless group of fraternity brothers.  The film stars Seth Rogen and Zac Efron, with Rose Byrne and Dave Franco in supporting roles.  It was directed by Nicholas Stoller, who is famous for other projects such as Forgetting Sarah Marshall and Get Him to The Greek.  The film received positive reviews for the most part, earning a 73% from the top critics at “Rotten Tomatoes”. [7]

The movie opened on May 9, 2014.  It saw a successful first weekend with opening revenue at about $49 million.  The film raked in about $150 million domestically and $180 million internationally, with a total gross of over $286 million. [8]   

The Purge: Anarchy

the-purge

The Purge: Anarchy  [9] 

A sequel to the 2013 thriller The Purge, The Purge: Anarchy follows a group of diner employees as they fight to survive the annual “Purge”, a night where all crime is legal across America.  Written and directed by James DeMonaco, the film stars Frank Grillo, Kiele Sanchez, and Zach Gilford.  The film received mixed reviews, with critic’s complaints focused mainly on flaws in the writing. [9] 

The film was released on July 18, 2014 and saw an opening weekend revenue of nearly $30 million.  It earned nearly $72 million domestically and about $38 million internationally, for a total of almost $111 million in revenue.  In comparison to its predecessor, The Purge: Anarchy did not open as strongly, but earned about $22 million more in total revenue. [10] 

Dumb and Dumber To

Dumb-and-Dumber-To-Logo-550x185

Dumb Dumber To [11]  

The long awaited sequel to the 1994 Farrelly Brothers comedy Dumb and Dumber, Dumb and Dumber To presents the mindless antics of Harry and Lloyd once again as they set out on a mission to find Harry’s daughter.  The film stars the comedy duo of Jim Carrey and Jeff Daniels and was directed by J.B. Rodgers and Bobby Farrelly.  The movie has not fared very well with critics in its first two weeks, with many saying that its brand of humor is not as fun and fresh as it used to be. [11]

 The first Dumb and Dumber was wildly successful for Universal, snagging over $247 million worldwide. It’s prequel Dumb and Dumberer: When Harry Met Lloyd was a huge box office flop, earning just over $39 million.  Universal has commonly found success in sequels and film franchises. Dumb and Dumber To opened on November 14, 2014 in 3,154 theaters with an opening revenue of just over $36 million, giving it the #1 spot for the weekend.  Thus far the film has made $67 million in the U.S. and $20 million in the international box office, adding up for a total of almost $88 million. [12] 

What’s Next From Universal Pictures

Fifty Shades of Grey

50 shades of gay

50 Shades of Grey [13]  

Based on the wildly popular  romance novel of the same name, Fifty Shades of Grey tells the story of the masochistic relationship between a wealthy business man and one of his young female employees.  The movie stars James Dornan and Dakota Johnson and is directed by Sam Taylor-Wood. The Focus Features film has completed production, and it set to make its wide release on February 13, 2015. [13]

 

 

 

Jurassic World

Jurassic_World

Jurassic World  [14] 

Universal hopes to continue its trend of successful sequels and film franchises with Jurassic World, the fourth installment of the Jurassic Park series.  It will be starring Chris Pratt and Bryce Dallas Howard, with Colin Trevorrow as director and Steven Spielberg as executive producer.  The film has been in development since 2001, and was originally set to be called Jurassic Park IV.  Shooting began last April in locations such as Hawaii and New Orleans.  The movie is currently in post-production and editing, and is set to release on June 12, 2015. [14] 

Warcraft

 

warcraft-poster1

Warcraft Poster  [15]  

In 2016, Universal will be adapting a video game to film for the first time in its history.  Based on World of Warcraft, an immensely popular online gaming program, Warcraft is set to be an epic fantasy tale of good versus evil.  The film has been in development since 2006 and is currently in production.  British film star Toby Kebbel and Paula Patton have been casted as two of the lead roles. The movie will have its wide release on March 11, 2016. [15]  

 

 

Steve Jobs Biography Film

On November 25, 2014, Universal bought the rights from Sony Corporation to produce a biography film on Apple Inc. co-founder Steve Jobs.  It all be based on a biography by author Walter Isaacson entitled “Steve Jobs”. [16] 

 

References

[1] http://www.history.com/news/the-renegade-roots-of-hollywood-studios

 [2] http://deadline.com/2013/09/shocker-adam-fogelson-out-in-universal-shakeup-582309/

[3]http://www.hollywoodreporter.com/news/studio-smackdown-2013-warner-bros-668302

 [4] http://www.comingsoon.net/movies/news/109124-universal-pictures-crosses-2b-mark-at-the-overseas-box-office-for-the-first-time

[5] http://www.hoovers.com/company-information/cs/competition.Universal_Studios_Inc.7a0e7231fca927ed.html

[6] http://money.cnn.com/2011/07/08/technology/netflix_starz_contract/

[7] http://www.rottentomatoes.com/m/neighbors_2014/

[8] http://boxofficemojo.com/movies/?id=townies.htm

 [9] http://www.rottentomatoes.com/m/the_purge_anarchy_2014/?search=the%20purge%20anarchy

[10] http://boxofficemojo.com/movies/?id=purge2.htm

 [11] http://www.rottentomatoes.com/m/dumb_and_dumber_to/

 [12] http://boxofficemojo.com/movies/?id=dumberto.htm

[13] http://www.imdb.com/title/tt2322441/

[14] http://www.jurassicworld.org

[15] http://www.warcraft-themovie.com

[16] http://www.bloomberg.com/news/2014-11-25/universal-pictures-acquires-jobs-film-from-sony-corp.html

 [17] http://www.universalpictures.com

AMC Networks

Posted on by 
by Meg Zukin

AMC Networks

amc_network_logo_render

photo courtesy of under consideration.com [i]

Contact Information[ii]—

11 Penn Plaza

New York, NY 10001

Main phone: 212-324-8500

http://www.amcnetworks.com

About—

AMC Networks is an American entertainment company which owns and operates AMC, BBC America, IFC, Sundance TV, WE, IFC Films, and AMC Networks International. Initially, AMC was known as Rainbow Media Holdings and until 2011, was a subsidiary of Cablevision Systems. In 2011, Cablevision made Rainbow Media Holdings a publicly traded company and changed its name to AMC Networks [iii].

AMC has recently gained momentum through television shows like The Walking Dead, Mad Men, and Breaking Bad, on its cable channel, AMC [iv]. IFC Films and its affiliate channel, IFC, are responsible for indie films like Boyhood [v] and quirky television comedies like Portlandia [vi]. Recently, the company acquired a 49.9% stake in BBC through a joint venture that cost $200 million [vii].

Key Executives—

Charles Dolan, Executive Chairman AMC Networks

Charles Dolan, Executive Chairman AMC Networks

leader_sapan

Josh Sapan, President and CEO of AMC Networks

Charlie Collier, President and General Manager of amc

Charlie Collier, President and General Manager of amc

Jennifer Caserta, President and General Manager of IFC

Jennifer Caserta, President and General Manager of IFC

Sarah Barnett, President and General Manager of SundanceTV

Sarah Barnett, President and General Manager of BBC America and SundanceTV

Jonathan Sehring, President of Sundance Selects and IFC Films

Jonathan Sehring, President of Sundance Selects and IFC Films

Marc Juris, President and General Manager of WE tv

Marc Juris, President and General Manager of WE tv

Pictures and titles courtesy of http://www.amcnetworks.com/about-us/leadership [viii]

Financials—

AMC Networks just reported its third quarter earnings. Net revenues increased a whopping 31.4% to $520 million [ix]. International revenue reached $122.7 million, up 765% from last year. This could be attributed to acquisitions of both BBC and Chellomedia, a deal AMC made in February which gave them a stack of networks in Europe, Latin America, the Middle East, and Asia [x]. The company also reported earnings of $53.2 million, or 74 cents a share. Analysts estimated that AMC Networks would come in at 73 cents a share and thus, they surpassed projections [xi].

According to the third quarter report, AMC Networks is currently working with a $110 million operating income [xii].

When the market closed on December 1, 2014, AMCX was down 1.34% at $63.99 per share. The company hit a low-point in mid-October at $52.75 per share and was at its highest in March at $77.40 per share. Looking at the past 3 years (when AMCX became a publicly traded company), we see exponential growth overall.

Screen Shot 2014-12-01 at 12.44.19 PM

photo courtesy of Google Finance [xxx]

What’s Happening Now?—

Sarah Barnett Named President and General Manager, BBC America

AMC Networks announced last week (November 21, 2014) that current SundanceTV chief, Sarah Barnett, would be moving up to President and General Manager of BBC America [xiii]. Barnett began her career at BBC in production before she spent a decade at SundanceTV. She will start her new position in January, surveying over both SundanceTV and BBC America until AMC taps someone else to oversee SundanceTV. The current General Manager at BBC, Perry Simon, who was on the team behind Orphan Black, is moving to production with BBC Worldwide North America [xv].

Barnett certainly has the chops for an upgrade in position. Under her reign, she established Sundance as an original programming network with shows like Rectify, Top of the Lake, and The Honourable Woman [xvi] With this new position she will continue to report to Ed Carroll, Chief Operating Officer of AMC Networks.

AMC Announces Two-Night Premiere for Spin-Off Series “Better Call Saul”

AMC’s next new drama series, Better Call Saul, will debut on Sunday, February 8 with its second episode debuting the next night, Monday, February 9 [xvii]. The series follows Breaking Bad character Saul Goodman, prior to him becoming Walter White’s lawyer lawyer.

video courtesy of AMC Networks on Youtube [xviii]

The back-to-back premiere is “AMC’s first ever two-night series premiere event” according to Charlie Collier [xix]. Season one is slated for 10 episodes and Talking Dead will air before it, a solid segue for high-ratings for both shows. Breaking Bad creator Vince Gilligan co-created the spin-off with writer-director Peter Gould [xx].

AMC Networks and BBC Worldwide Enter Partnership 

In October, AMC Networks bought a 49.9% stake in the BBC America cable channel. They paid $200 million to BBC Worldwide and the marriage between the two companies leaves BBC with a 50.1% stake in BBC America [xxi]. BBC America is available in almost 80 million homes domestically and was the most critically acclaimed channel on ad-supported television in 2013 [xxii].

BBC America will be managed as a standalone channel within AMC, much like how AMC, WE tv, and SundanceTV are operated. Even though BBC still has a grander stake in its American counterpart, AMC Networks will maintain operational control over the company, as well as affiliate and advertising sales [xxiii].

This agreement occurred almost exactly on the one-year anniversary of AMC’s $1 billion acquisition of Liberty Global’s international network, Chellomedia. That acquisition led to AMC Networks International which is available in 140 countries [xxiv].

AMC Networks/IFC Films Acquires Rights to “October Gale”

IFC Films bought the American rights to writer-director Ruba Nadda‘s thriller, October Gale, which premiered at the Toronto Film Festival. IFC Films also released another film by Nadda, Cairo Time. The film stars Patricia Clarkson, Tim Roth, and Scott Speedman. Clarkson plays a doctor who takes in a skeptical man when he floats ashore at her secluded cabin with a gunshot wound [xxv]. Myriad Pictures is handling worldwide sales.

Fred Armisen and Carrie Brownstein Return to Portlandia

Portlandia will return to IFC for its ten-episode fifth season in January. This season will showcase a laundry list of cameos including Vanessa Bayer, Steve Buscemi, Peter Giles, Justin Long, Shepard Fairey, Jane Lynch, and Olivia Wilde, amongst others [xxvi].

video courtesy of IFC Youtube

Viewers will be able to recap previous seasons on New Year’s Day when IFC will air a marathon but seasons 1 through 4 are also available on Netflix and iTunes [xxvii].

IFC Orders New Comedy Series: “Gigi’s Bucket List”

IFC has ordered a series starring David Krumholtz as “Gigi,” a 72-year-old Jewish grandmother from Boca Raton, Florida. Krumholtz is also an executive producer along with Grandma’s House Entertainment.

It will shoot this year and is slated to air in 2015. Gigi indulges herself after she discovers that she has access to her dead husband’s bank account [xxviii]. This series fits in with IFC’s quirky personality and will air in 73 million U.S. homes [xix].

David Dobkin to Direct “Badlands” for AMC

In July, AMC ordered Badlands, a martial arts drama that is loosely based on the Chinese Journey to the West. It is the third AMC series that was picked up straight to series at the network [xxxi].

However, it was announced on November 24, 2014 that director David Dobkin has signed onto the project as series director and executive producer. Dobkin has worked on Wedding Crashers and Shanghai Knights previously. AMC bought six, one-hour, episodes with an expected premiere either in late 2015 or early 2016 [xxxii].

Works Cited—

[i] AMC Logo accessed 11/20/2014

[ii] AMC Contact accessed 11/20/2014

[iii] Hoovers AMC profile accessed 11/20/2014

[iv] AMC Shows accessed 11/20/2014

[v] Boyhood, IFC accessed 11/22/2014

[vi] Portlandia, IFC accessed 11/22/2014

[vii] AMC Networks/BBC accessed 11/22/2014

[viii] AMC Leadership accessed 11/22/2014

[ix] Quarter Earnings accessed 11/30/2014

[x] Chellomedia deal accessed 12/1/2014

[xi] Quarter projections accessed 11/30/2014

[xii] Operating income accessed 11/30/2014

[xiii] Sarah Barnett, BBC accessed 11/22/2014

[xiv] Perry Simon future plans accessed 12/1/2014

[xv] BBC Worldwide North America accessed 12/1/2014

[xvi] Sarah Barnett at Sundance accessed 11/22/2014

[xvii] Better Call Saul premiere accessed 10/28/2014

[xviii] Better Call Saul video accessed 12/1/2014

[xix] AMC double night debut accessed 12/1/2014

[xx] Co-creators Better Call Saul accessed 12/1/2014

[xxi] BBC deal accessed 11/24/2014

[xxii] Metacritic BBC critically-acclaimed accessed 11/29/2014

[xxiii] BBC America management accessed 12/1/2014

[xxiv] Chellomedia acquisition accessed 12/1/2014

[xxv] October Gale acquisition accessed 10/28/2014

[xxvi] Portlandia fifth season accessed 12/1/2014

[xxvii] Recap New Year’s Day accessed 12/1/2014

[xxviii] IFC orders comedy series accessed 12/1/2014

[xix] IFC series accessed 12/1/2014

[xxx] Current state of stock market accessed 12/1/2014

[xxxi] Badlands accessed 12/1/2014

[xxxii] David Dobkin signs on accessed 12/1/2014