Relativity Media

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 MastermindsThe Disappointments RoomBefore I WakeKidnap, 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 RoomBefore I WakeKidnap, 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.

MGM Studios

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 BurnettRoma 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.

 

 

DreamWorks Animation

By Cori Rosen

Photo Courtesy of collider.com [1]

1500 – A Seasport Blvd

Redwood City, CA

(650) 562-9000

www.dreamworksanimation.com

A BRIEF HISTORY

DreamWorks Studios was founded by Jeffrey Katzenberg, Steven Spielberg, and David Geffen in 1994. Katzenberg started DreamWorks SKG after he dashed from Disney following power struggles with Michael Eisner, former CEO of The Walt Disney Company. DreamWorks SKG built a new business division, DreamWorks Animation in 2000. Then in the autumn of 2004, Dreamworks Studios spun-off its animation division into DreamWorks Animation SKG, Inc., a publicly traded company. [2] [3]

ABOUT THE COMPANY

Dreamworks Animation is a boast-worthy creative company that churns out high-quality entertainment. Dreamworks Animation has theatrically released a whopping twenty-seven animated feature films, including blockbuster favorites Shrek, How to Train Your Dragon, and this summer’s Turbo. Although the entertainment factory is widely known for its feature CGI animated films, the company also creates television specials and series as well as live entertainment properties. [4]

[5]

KEY EXECUTIVES

Jeffrey Katzenberg, Chief Executive Officer and Director

Photo Courtesy of DreamWorks Animation [6]

After co-finding DreamWorks SKG, Katzenberg was at the helm of DreamWorks Animation when it became an IPO. Under his leadership, DreamWorks Animation has blossomed into the world’s largest animation studio in the world and received nine Academy Award nominations and two Best Animated Feature wins. [6]

Lew Coleman, President and Chief Financial Officer

Photo Courtesy of DreamWorksAnimation.com [7]

Previously President and Director of the Company, Coleman took on his current position in 2007. Coleman recently oversaw the formation of a joint venture that established a prominent China-focused entertainment company between DreamWorks Animation with China Media Capital, Shanghai Alliance Investment, Ltd., and Shanghai Media Group. [7]

Heather O’Connor, Chief Accounting Officer

Photo Courtesy of DreamWorksAnimation.com [8]

O’Connor previously served as Director of SEC Reporting for DreamWorks Animation and also worked within the Accounting and Financial Planning & Analysis departments at DreamWorks LLC. [8]

Andrew Chang, General Counsel and Corporate Secretary

Photo Courtesy of DreamWorksAnimation.com [9]

Prior to his current position, Chang held positions as head technology lawyer and head of litigation starting in October 2004 when the Company became publicly-traded. [9]

Ann Daly, Chief Operating Officer

Photo Courtesy of DreamWorksAnimation.com [10]

Daly has worked as Chief Operating Officer since the company’s IPO in 2004. Previously, she served as head of the animated division of DreamWorks SKG since 1997. [10]

QUICK FINANCIALS

DreamWorks Animation SKG, Inc.’s total revenue for its third quarter, which came to a close on Sept. 30th, was $154.5 million with a net income of $10.1 million, and earning per share a total of $.012 on a fully diluted basis. A contribution of $120.7 million and gross profit of $55.4 million derives from the feature film segment of the company’s revenue. The films TurboThe Croods, Rise of the Guardians, and Madagascar 3: Europe’s Most Wanted were released in the third quarter. Television series and segment specials contributed a revenue of $18.2 million and turned a gross profit of $4.2 million. AwesomenessTV, an online channel operator that Dreamworks recently acquired, contributed revenue of $3.6 million. The consumer products segment contributed $18.2 million in revenue and $4.2 million in gross profit. [11] [12]

Photo Courtesy of SeekingAlpha.com [13]

IN THE NEWS

netflix

Photo Courtesy of Zolmax.com [15]

 Netflix
Netflix announced a multi-year deal with Dreamworks for 300 hours of original television programming inspired by characters from the animation company’s franchises, such as ShrekThe Croods, and its upcoming feature flicks. Characters from Classic Media, which Dreamworks purchased a year ago, are also a part of this deal. Therefore, shows may develop that star familiar faces like Casper the Friendly Ghost, Lassie, and She-Ra. [14]

Photo Courtesy of Techcrunch.com [17]

•The Second Screen
M-Go, an online movie storefront, is a joint venture between DreamWorks Animation and Technicolor. Similar to Walmart’s Vudu and Apple’s iTunes, M-Go focuses on transactional movie sales and rentals. It already has deals with five major Hollywood studios, NBCUniversal, Paramount Pictures, Sony Pictures Home Entertainment, Twentieth Century Fox, and Warner Bros. Digital Distribution, to sell and rent movies to users. In effort to get M-Go on more devices, M-Go announced on September 4th that the M-Go app will be available on 2012 and 2013 LG Smart TVs.  [16]

Photo Courtesy of Dailymail.co.uk [19]

• The More Characters The Merrier
DreamWorks Animation recently acquired the library of Chapman Entertainment, a U.K.-based children’s television company. DreamWorks snagged its television portfolio, which includes popular titles like “Fifi and the Flowertots,” “Roary the Racing Car,” “Raa Raa the Noise Lion,” and “Little Charley Bear”. This acquisition directly follows DreamWorks Animation’s purchase of Classic Media in July 2012. [18]

Photo Courtesy of zap2it.com [21]

Dragons Dominates its Demographic
The second season of Dreamworks Dragons: Riders of Berk premiered on Cartoon Network on Sept. 19th. The first season of the cartoon, based on the Academy Award-nominated film How to Train Your Dragon, ranked number one in its timeslot among boys ages 2-14 versus all other TV networks. [20]

Photo Courtesy of cdn.funcheap.com [24]


Turbo
 Races for Profit
Turbo just released on home video November 12thTurbo underperformed at the box office, failing to rise to the success of last summer’s Madagascar 3. Rise of the Guardians also tanked in theaters, causing DreamWorks to take an $87 million write down. However, Rise of the Guardians later brought in $42.4 million through pay TV deals. Hopefully Turbo will see similiar results and reel in $46 million in consumer products necessary to make Turbo a lucrative endeavor. Wall Street analysts have commended DreamWorks ability to turn a mediocre box office performer into a hit on DVD, Blu-Ray, and Digital HD. [22] [23]

Photo Courtesy of Variety.com [26]

Everybody was Kung-Fu Fighting
Oriental DreamWorks–a co-venture between DreamWorks Animation (45% equity stake), China Media Capital, Shanhai Alliance Investment, and Shanghai Media Group (combined 55% equity stake between the three)–is in the process of developing four feature films. Kung Fu Panda 3 in addition to one other co-produced U.S.-Chinese animated flick and two-live action projects in Chinese are currently slated for development. [25]

COMING SOON

• Mr. Peabody & Sherman

 [28]

Mr. Peabody & Sherman, which features the voices of Ty Burrell and Max Charles, is set for release on March 7th, 2014. The Rob Minkoff directed film–coined as a big screen adaption of the Rocky & Bullwinkle cartoon–follows Mr. Peabody and his adopted boy Sherman as they hurtle back in time to repair history and ultimately save the future. [27]

Rocky & Bullwinkle

Photo Courtesy of http://media2.firstshowing.net [30]

• And They’re Back! DreamWorks Animation plans to give audiences a shot of nostalgia with a new short film Rocky & Bullwinkle, arriving in 2014. Directed by Gary Trousdale, the updated version of the original short will feature the voices of June Foray as Rocket “Rocky J. Squirrell and Tom Kenny (Spongebob Squarepants) as Bullwinkle J. Moose. [29]

Photo Courtesy of entertainmentwallpaper.com [32]

• How to Train Your Dragon 2
Riding on the success of 2010’s How to Train Your Dragona half-billion dollar player at the global box office and Oscar nominee–, DreamWorks Animation will release its sequel on June 13th, 2014. How to Train Your Dragon 2 reunites the voices of the first film, Jay Baruchel, Kristen Wiig, Gerald Butler, and Jonah Hill. [31]

SOURCES

[1] Collider.com – Dreamworks Animation Logo

[2] DreamWorksStudios.com – DreamWorks Animation History

[3] Forbes.com – DreamWorks Animation’s Complicated Legacy

[4] DreamWorksAnimation.com – About the Company

[5] Youtube.com – Behind the Scenes of DreamWorks Animation

[6] DreamWorksAnimation.com – Jeffrey Katzenberg’s Bio

[7] DreamWorksAnimation.com – Lew Coleman’s Bio 

[8] DreamWorksAnimation.com – Heather O’Connor’s Bio

[9] DreamWorksAnimation.com – Andrew Chang’s Bio

[10] DreamWorksAnimation.com – Ann Daly’s Bio

[11] MarketWatch.com – Third Quarter Financial Report

[12] Tbvision.com – TV Sales aid DreamWorks Animation Revenue

[13] SeekingAlpha.com – DreamWorks Animation Skg Inc StockCharts

[14] Zolmax.com – Netflix Deal with DreamWorks Animation 

[15] Zolmax.com – Netflix Photo

[16] TechCrunch.com – M-Go now on LG TVs

[17] TechCrunch.com – M-Go Photo

[18] Variety.com – Chapman Entertainment

[19] Dailymail.co.uk – Chapman Entertainment Photo

[20] BroadwayWorld.com – Cartoon Network

[21] Zap2it.com – DreamWorks Dragons Photo

[22] BizJournals.com – Turbo on Home Video 

[23] Reuters.com – Turbo failed to Match Predecessor

[24] Cdn.funcheap.com – Turbo Photo

[25] Variety.com – Oriental DreamWorks

[26] Variety.com – Oriental DreamWorks Photo

[27] Screenrant.com – Mr. Peabody & Sherman 

[28] Youtube.com – Mr. Peabody & Sherman Trailer

[29] Rocky & Bullwinkle Short – FirstShowing.net

[30] Firstshowing.net – Rocky & Bullwinkle Photo

[31] Deadline.com – How to Train Your Dragon 2 

[32] Entertainmentwallpaper.com – How to Train Your Dragon 2 Photo

 

Weinstein Company

By Matt Sarshik
The Weinstein Company Logo

The Weinstein Company Logo [1]

History 

Created in 2005, The Weinstein Company is a multimedia production and distribution company founded by brothers Bob and Harvey Weinstein.  The brothers created the company following their departure from Miramax Films, a company they founded in 1979. The Weinstein Company encompasses genre-film studio Dimension Films.  The Weinstein Company left the 2012 Academy Awards with 8 awards, the most in the studio’s history, including Best Picture for The Artist. [1]

  Key Executives

Harvey Weinstein Courtesy of Biography.com

Harvey Weinstein
Courtesy of Biography.com [2]

Harvey Weinstein is co-chairman of The Weinstein Company and founded Miramax Films in 1979 with his brother, Bob, where they released many critically acclaimed films, receiving 16 Best Picture nominations over 16 years. [3]

Bob Weinstein Courtesy of the NY Daily News

Bob Weinstein
Courtesy of the NY Daily News [4]

Bob Weinstein is co-chairman of the The Weinstein Company and Dimension Films, a company he established in 1993, which primarily produces science fiction, family, and horror films including the Scream and Scary Movie franchises. [5]

Financials 

Through November of 2013, The Weinstein Company ranks eighth among studios with a 5.1% market share.  The studio has released 13 films in 2013 and brought in a total gross of approximate $468 million.  In 2012, The Weinstein company also placed eighth among the studios, however they only held a 2.4% market share. [6]

Recent News  

At the 2013 Toronto International Film Festival, The Weinstein Company picked up several features.  The list was highlighted by “Can A Song Save Your Life?” starring Keira Knightley for $7 million and they secured the U.S. rights to “The Railway Man” for a reported $2 million starring Colin Firth and Nicole Kidman.  The studio also used the festival to carry seven of their upcoming releases including “Mandela: Long Walk to Freedom” and “August: Osage County”.  [7] [8] [9]

In August, The Weinstein Company agreed to an exclusive streaming deal with Netflix.  The deal, set to begin in 2016, will make Netflix the sole U.S. home for all films from The Weinstein Company and Dimension Films during the premium pay-TV window.  This deal builds on the already existing deal between the companies that allowed Netflix to stream select films, mostly including foreign films and documentaries.  This new deal will end The Weinstein Company’s 2008 seven-year pay TV deal with Showtime. [10]

Recent Film Releases

Courtesy of The Weinstein Company

Courtesy of Indiewire [11]

Lee Daniels’ The Butler“, released on August 16, is an independent historical drama staring Forest Whitaker as a White House butler who serves over eight presidencies.  The film also features Oprah Winfrey as the butler’s wife. [12]

On its opening weekend, the film topped the box office with a weekend gross of over $24 million.  It remained atop the weekend box office results for the next two weekends.  Through 14 weeks, the film has a domestic gross of over $115 million on just a $30 million budget.  The film is currently the studio’s top grossing film of 2013 and fifth all-time. [13]

Originally titled The Butler, the film included director, Lee Daniels‘ name in the title after a failed legal battle with Warner Bros, which claimed the title had been used for a 1916 short.  While many thought the name battle may damage the film’s prospects, Harvey Weinstein claims, “We asked people opening weekend what made them see the movie, 40 percent of the audience said the controversy”. [14] [9]

The film is already considered an awards contender, specifically for the performances from Whitaker and Winfrey.

Courtesy of IMP Awards

Courtesy of IMP Awards [15]

“Fruitvale Station”, released on July 12, is the believed true story of the moments leading up to and following the tragic death Oscar Grant III at a subway stop on New Year’s Day.  The film stars best actor contender Michael B. Jordan.  The film was a 2013 Sundance Film Festival winner. [16]

The film was released in seven theaters, the same weekend the Trayvon Martin verdict was read, grossing a $53,898 average per theater.  The film was only placed in over 1,000 theaters during its third and fourth weeks.  As of October 31st, the film has a domestic total of just over $16 million. [17]

The Weinstein Company combined marketing for this film with a message to end social injustice in the name of Oscar Grant III.  On film advertisements on both the studio’s website and actual business cards, audiences were encouraged to use social media to tell their stories of social injustice. [18]

Courtesy of IMP Awards

Courtesy of IMP Awards [19] 

On September 6, The Weinstein Company released “Salinger”, the story of reclusive author J.D. Salinger, staring Philip Seymour Hoffman and Edward Norton[20]

The film played in four theaters over its first two weeks, then reached its high of 138 theaters in its third week.  The film was not highly received at the Telluride Film Festival, resulting in Harvey Weinstein’s decision to recut the film.  As a result, 13 minutes of footage was removed, with eight new minutes added.  Weinstein’s updated version was used in the film’s wide release.  The film has a worldwide gross of over $650,675.  [21] [22]

Upcoming Releases

Courtesy of Filmfixx.com

Courtesy of Dipson Theaters [23]

On November 22, The Weinstein Company is slated to release “Philomena” a film based on the 2009 investigative book by BBC correspondent Martin Sixsmith, stars Judi Dench as a mother in search of her son.  The Motion Picture Association of America originally gave the film an R rating, however they changed their ruling to a PG-13 rating after resistance from the studio. [24]  

Courtesy of IMP Awards

Courtesy of IMP Awards [25]

On November 29, the studio is set to release “Mandela: Long Walk to Freedom”, starring Idris Elba as Nelson Mandela in his story from childhood to his inauguration as president of South Africa. [26]  

The Weinstein Company announced that a special screening of the film will take place at The Kennedy Center on November 20 with former secretaries of state Hillary Clinton and Colin Powell in attendance.  This screening is part of an eight-city tour presented by The Weinstein Company and Coca-Cola.  [27]

Courtesy of The Hollywood Reporter

Courtesy of The Hollywood Reporter [28]

On Christmas Day, The Weinstein Company is scheduled to release the highly anticipated “August: Osage County”.  The John Wells’ film surrounds a family of women who return to their Oklahoma home following a family crisis.  The film has generated a lot of buzz due to its star studded cast, highlighted by Julia Roberts and Meryl Streep[28] 

The film received a variety of reviews when it premiered at the Toronto International Film Festival.  The film’s movie poster has received a lot of attention for being strategic as it shows many of the film’s stars.   With so many stars, the studio aims to attract the fan bases of these high profile actors.  The film expects to compete in the musical or comedy categories at the Golden Globes. [28] 

Sources

Sources Accessed November 20, 2013

[1] About The Weinstein Company 

[2] Biography.com – Harvey Weinstein

[3] About Harvey Weinstein 

[4] NY Daily News – Bob Weinstein Photo 

[5] About Bob Weinstein 

[6] Box Office Mojo – Studio Market Share 

[7] Weinstein Co Acquires Rights at TIFF

[8] Weinstein Co Deal for “The Railway Man”

[9] The Daily Beast – Harvey Weinstein Interview 

[10] The Hollywood Reporter – Weinstein Co. Deal with Netflix

[11] Indiewire – Lee Daniels’ The Butler Movie Poster 

[12] Hollywood Reporter – Box Office Milestone

[13] Box Office Mojo Lee Daniels’ The Butler 

[14] USA Today – The Butler Box Office Appeal 

[15] Fruitvale Station Movie Poster 

[16] Box Office Mojo Fruitvale Station

[17] Deadline – Fruitvale Station Box Office 

[18] The Mother Jones – Marketing for Fruitvale Station [

[19] Salinger Movie Poster 

[20] IMDb – Salinger 

[21] Box Office Mojo Salinger 

[22] The Atlantic Wire – Salinger Recut

[23] Philomena Movie Poster 

[24] Entertainment Weekly – Philomena Rating Appeal 

[25] Mandela: Long Walk to Freedom Movie Poster 

[26] IMDb – Mandela: Long Walk to Freedom 

[27] Deadline – Mandela: Long Walk to Freedom Special Screening.  

[28] The Hollywood Reporter – August: Osage County

Universal Pictures

by Kayla Bressi

 Universal Pictures

Universal Logo

http://www.nbcuni.com
http://www.universalpictures.com

 A Brief History:

Universal Studios Inc, or Universal Pictures, is one of 6 major movie studios. It is owned by Comcast and is a division of NBC Universal. Some of their most notable films include E.T: The Extra Terrestrial, Jurassic Park, Meet the Fockers, How the Grinch Stole Christmas, and Jaws. [1]

In addition to theatrical film, Universal Pictures has also produced direct to DVD and classic films, as well as the broadway hits Wicked and Billy Elliot: The Musical. [3]

 

Key Executives

Brian Roberts

Brian Roberts is the chairman and CEO for Comcast Corporations. His company is the majority owner of NBC Universal.  [2]

 

Eddie Cunningham

Eddie Cunningham, president of Universal Pictures International Entertainment, joined the company in 1994. He currently overseas distribution in international countries and looks for opportunities for international business opportunities. [2]

 

Jimmy Horowitz

Jimmy Horowitz is the president of Universal Pictures. He has worked for the studio for 18 years, and has helped oversea and lead Universal Stage Productions to success.[2]

 

 

Cindy GardnerCindy Gardner is the Senior Vice President of Internal Communications and NBC Universal & Corporate Affairs. Cindy overseas corporate media relations, philanthropy, and organizes special events. [2]

 

 

 Recent Releases

Jurassic Park 3D PosterJurassic Park 3D
Release Date- April 5th, 2013
http://www.jurassicpark.com

While the original debut in 1993 saw blockbuster results, there are mixed reviews on whether or not a 3D version of Jurassic Park was necessary.

Since the 3D release was set around the time of the movie’s 20th anniversary, some have said it seems like a celebration. Alicia Loots from Hollywood.com says, “a 3D re-release feels like an interesting way to pay homage to a film that was way ahead of its time technologically.” [4] However, some seem to disagree, calling it a “gimmick.”

Many fans asked a popular youtube channel, “Screen Junkies” to make a spoof regarding the conversion of this classic blockbuster into 3D.

 

Originally opening with $47 million in 1993, Jurassic Park made $7 million on Friday and is expected to make $18 million over the weekend. These results put it behind Evil Dead, which made close to $11.5 million. According to CinemaBlend.com, “The huge blockbuster opening this weekend was made 20 years ago, and the horror film is a remake of a classic from the 80s, but the box office is humming as if both of them were brand new.” [5] With a production budget of only $10 million, Jurassic Park 3D should prove to be profittable for Universal Pictures. [6]

 

Identity ThiefIdentity Thief
Release Date- February 8th, 2013
http://www.identitythiefmovie.com

Identity Thief, featuring Jason Bateman and Melissa McCarthy, was the #1 film during its opening weekend, racking in $34.5 million.  [7]

As of April 7th, Identity Thief had an estimated domestic total of $131,254,000 and a worldwide total of $157,054,000. It is also currently rotten, with only a 20% approval rating on RottenTomatos.com. It is set to release on DVD and Blu-Ray on June 4th, 2013.

 

 

Les Miserables
Release Date: Dec 25, 2012
http://www.lesmiserablesfilm.com

Les Miserables all-star cast helped put this movie in the top of Universal Picture’s most recent accomplishments in film. With famous actors and actresses, including Hugh Jackman, Russell Crowe, Anne Hathaway, Sacha Baron Cohen, Amanda Seyfried, and Helena Bonham Carter, Les Miserables started out strong. On opening day, Les Miserables made $18.1 million, putting it in first place for a musical on opening day. [8]Anne Hathaway and Hugh Jackman in Les Mis

In an interesting move, the actors of Les Miserables sang live during filming, instead of along to a pre-recorded rendition. Some support this, however according to Sandy Schaeffer on Screenrant.com, theatre die-hards tend to prefer “dedicated singers, rather than performers who are actors first and singers second.” [9]

Les Miserables was nominated for 8 Oscars, and won 3 of them: Actress in a Supporting Role, Makeup and Hairstyling, and for Sound Mixing. [10] It has a domestic total of $148,809,770, and a worldwide total of  $435,809,770, meaning this film had more foreign success. [11] It also currently has a fresh rating of 70% on RottenTomatoes.

Despicable Me 2
Release Date: July 3rd, 2013
http://despicableme.com

Fan Art of Despicable Me

Following the success of Despicable Me, which gathered a worldwide total of $543,113,985, ( Putting it at #6 on Universal Picture’s top grossing films), Universal Pictures decided to create a sequel that is set to release this summer.

On the official movie website for Despicable Me 2, you can find a collection of pictures, items, and gifs from loyal fans and other websites, such as Tumblr.

 

 

 

Universal Pictures Despicablimp

To promote the film, Universal Pictures has launched a large “Despicablimp.” TheDespicablimp will cross over the United States 3 times, set to make its first appearance at the Nickelodeon’s  Kid’s Choice Awards in March. [12]
Fans are able to visit the “Despicablimp Command Center.” They can share sightings on twitter, instagram, and flickr using the hashtag #despicablimp. Fans can also enter a sweepstakes for a trip to the premiere, and a ride in the Despicablimp. There is an interactive map that allows fans to see fan sightings as well as future tour stops. [13]

 

Important Future Releases:

Jurassic Park 4

Universal Pictures recently named Colin Trevorrow to direct the future Jurassic Park 4.  Trevorrow has previously directed “Safety Not Guaranteed” and two other films. [14] 

 

In Other News:

Backed by Universal Pictures, Prima Cinema is offering a box that will allow viewers to watch theatrical releases at home. For a price, ($35,000), you can get a box in your home that allows the newly-released films to play on your television. There is also an additional cost of $500 per movie. So far, Universal Pictures is the only film studio to offer its titles, including Les Miserables, Jurassic Park 3D, and Identity Thief. The worry that this might affect theatre sales is lessened by Prima’s hefty price tag. Prima also insures that the home viewing of these theatrical releases will not be viewed by more than 25 people in a single home theatre. [15]

 

 

 

 

[1] Top Universal Films- http://www.boxofficemojo.com/studio/chart/?studio=universal.htm

[2] NBC Universal Corporate Site- http://www.nbcuni.com/corporate/

[3] NBC Universal Pictures History- http://www.nbcuni.com/film/universal-pictures/

[4] Jurassic Park Poster Reavealed- http://www.hollywood.com/news/movies/43830315/jurassic-park-3d-the-bigger-the-dinosaur-the-better-poster?page=all

[5] Katey Rich on Friday’s Box Office- http://www.cinemablend.com/new/Both-Evil-Dead-Jurassic-Park-3D-Bring-Big-Friday-Box-Office-36808.html

[6] Jurassic Park 3D Financial Figures- http://www.boxofficemojo.com/movies/?id=jurassicpark3d.htm

[7] Identity Thief Opening Weekend- http://www.bloomberg.com/news/2013-02-11/-identity-thief-is-weekend-s-no-1-film-34-5-million.html

[8] Opening Day for Les Mis-http://boxofficemojo.com/news/?id=3593&p=.htm

[9] Live Music Performances in Les Mis- http://screenrant.com/les-miserables-music-songs-featurette/

[10] Oscar Nominees – http://oscar.go.com/nominees

[11] Les Mis Box Office Info- http://boxofficemojo.com/movies/?id=lesmiserables2012.htm

[12] The Despicablimp- http://www.prnewswire.com/news-releases/universal-pictures-and-illumination-entertainments-despicable-me-2-despicablimp-takes-flight-on-march-23-199574591.html

[13] Despicablimp Website- http://www.despicablimp.com

[14]  Jurassic Park 4 Director- http://www.salon.com/2013/03/15/universal_pictures_names_jurassic_park_4_director/

[15] Prima Cinema- http://www.bizjournals.com/losangeles/news/2013/04/05/universal-films-available-in-home.html

 

CBS Films

by Nicholas Ferreiro
CBS Films logo

CBS Films logo [1]

CBS Films, is a film studio company that handles many areas of development, including film production, distribution, financing and marketing. It is owned by CBS Corp. and was founded by Les Moonves in 2007. Since its creation, CBS Films has released ten films, including “The Woman in Black,” “The Back-Up Plan,” and “The Mechanic” [2][3][4].

 

Executives

Terry Press, Co-President

Terry Press, Co-President of CBS Films

Terry Press, Co-President of CBS Films [5]

Terry Press was named Co-President of CBS Films in April 2012. As Co-President, she oversees creative aspects of the company including initial development, marketing, production and distribution. Before joining the company, Press worked at 7570 Marketing Inc. where she worked as a marketing consultant on many CBS Films [5]. She also had success working as a consultant on both “The Social Network” and “The Hunger Games” [6].

Wolfgang Hammer, Co-President

Wolfgang Hammer, Co-President of CBS Films

Wolfgang Hammer, Co-President of CBS Films [7]

Wolfgang Hammer was also named Co-President of CBS Films in April 2012, in conjunction with Terry Press. As Co-President, Hammer uses his “savy” negotiating skills in acquisitions and also oversees the company’s business, finance and legal affairs [6]. Before working at CBS Films, Hammer was Executive Vice President at Lionsgate [7].

Finance

CBS Corp. reported record numbers for the fourth quarter of 2012. Since the fourth quarter of 2011, revenue rose 2% ($3.7 billion), operating income rose 12% ($726 million) and adjusted EPS rose 14% ($0.64). Les Moonves, CEO of CBS Corp., has even higher expectations for next year [8].

Both of CBS Films’ most recent films, “Seven Psychopaths” (October 2012) and “The Last Exorcism Part II” (March 2013), earned back their respective production budgets. “The Last Exorcism Part II” actually brought in over three times its original production budget ($15 million made versus $5 million budget) [9].

New Releases

The Last Exorcism Part II

CBS Films released its horror-film, “The Last Exorcism Part II,” on March 1st, 2013. It took in over $7.7 million on its first weekend (2,700 theaters) and grossed over $15 million in its remaining five weeks [10]. Despite earning back its production budget, the film was poorly received, having just a 13% critic rating and 35% audience rating on Rotten Tomatoes [11].

Trailer for “The Last Exorcism Part II”

Awards

“Salmon Fishing in the Yemen” was nominated for three Golden Globes, including best musical or comedy, best actor in a musical or comedy and best actress in a musical or comedy [12]. However, the film lost in all three categories [13].

On January 9th, 2013, it was announced that Colin Farrell was nominated in the Irish Film & Television Academy Awards for his role in CBS FIlms’ “Seven Psychopaths” [14]. He has since lost to Jack Reynor [15].

Upcoming Releases 

The Kings of Summer

Nick Robinson, Gabriel Basso, Moises Arias in "The Kings of Summer"

Nick Robinson, Gabriel Basso and Moises Arias in “The Kings of Summer”[16]

On January 22nd, 2013, CBS Films acquired the domestic rights to the coming-of-age comedy “Toy’s House.” The movie premiered at Sundance, where it received great reviews, prompting CBS Films’ move to make a deal. It has since been retitled as “The Kings of Summer,” and is slated for a May 31st release date. The film is directed by Jordan Vogt-Robert, written by Chris Galleta, and stars Nick Robinson, Gabriel Bosso, Moises Arias and Nick Offerman. “The Kings of Summer” focuses on a group of friends who attempt to move into the woods and live off the land, and is being compared to “Stand By Me,” “Superbad,” and “The Goonies” [16][17].

Trailer for “The Kings of Summer”

Last Vegas

Morgan Freeman, Kevin Kline, Robert DeNiro and Michel Douglas in "Last Vegas" [***]

Morgan Freeman, Kevin Kline, Robert DeNiro and Michel Douglas in “Last Vegas” [18]

On February 6th, 2013, CBS Films set a new release date for their new buddy-comedy, “Last Vegas.” The film was originally slated for December 20th, an attempt to play into the Christmas movie market, but has since changed to November 1st. It is directed by Jon Turteltaub, written by Dan Fogelman, and produced by Laurence Mark and former CEO and president of CBS Films, Amy Baer [18]. The film was produced by CBS Films and had been in talks since before September, 2011 [19].”Last Vegas” stars Morgan Freeman, Robert DeNiro, Kevin Kline and Michael Douglas, and focuses on a group of old friends who throw a bachelor part in Las Vegas [18]. There is no trailer available for this film yet.

The To Do List

Scene from "The To Do List" [***]

Scene from “The To Do List” [20]

“The To Do List,” starring Aubrey Plaza, is set to be released on August 16th, 2013. It had previously been set for February 2013 [20].

Trailer for “The To Do List”

Gambit

Promotional poster for "Gambit" [***]

Promotional poster for “Gambit” [21]

“Gambit,” a Coen Brothers comedy starring Colin Firth, will be released sometime in late 2013 [22]. The film has already been released in Ireland [23].

Trailer for “Gambit”

7500

Theatrical poster for "7500" [***]

Theatrical poster for “7500” [24]

The horror-thriller “7500” is set to be released sometime in 2013. It was originally slated for release in August 2012 [25].

Trailer for “7500”

Acquisitions

Inside Llewyn Davis

Oscar Isaacs in "Inside Llewyn Davis" [***]

Oscar Isaac in “Inside Llewyn Davis” [26]

On February 19th, it was announced that CBS Films had acquired the domestic rights to distribute the new Coen Brothers film, “Inside Llewyn Davis” for around $4 million. Studio Canal financed the movie itself and is holding onto some foreign distribution rights. The film  centers around the Greenwich Village music scene in the 1960s and stars Oscar Isaac, Carey Mulligan, John Goodman and Justin Timberlake, among others.  There has been no release date set for CBS Films’ newest acquisition [26].

Trailer for “Inside Llewyn Davis”

Production

On January 24th, CBS Films announced it will be developing “Olivia Twisted,” a debut screenplay from stuntman Brian Roberts. “Twisted” is a fictional adaptation on the classic novel, “Oliver Twist,” and revolves Olivia, a member of a metropolitan teenage gang at war with a rival gang. Michael De Luca and Alyssa Phillips are set to produce the film [27].

Sources

[1] http://aroundthenetworks.com/wp-content/uploads/2012/01/CBS-Films-Logo-wide3.jpg

[2] http://www.cbsfilms.com/about_us/

[3] http://latimesblogs.latimes.com/entertainmentnewsbuzz/2012/04/wolfgang-hammer-and-terry-press-named-heads-of-cbs-films.html

[4] http://articles.latimes.com/2010/jan/11/business/la-fi-ct-cbsfilms11-2010jan11

[5] http://www.cbsfilms.com/principals/terry_press

[6] http://latimesblogs.latimes.com/entertainmentnewsbuzz/2012/04/wolfgang-hammer-and-terry-press-named-heads-of-cbs-films.html

[7] http://www.cbsfilms.com/principals/wolfgang_hammer

[8] http://investors.cbscorporation.com/phoenix.zhtml?c=99462&p=irol-newsArticle&ID=1785372&highlight=

[9] http://www.boxofficemojo.com/studio/chart/?view2=allmovies&view=company&studio=cbsfilms.htm

[10] http://www.boxofficemojo.com/movies/?id=lastexorcism2.htm

[11] http://www.rottentomatoes.com/m/the_last_exorcism_part_ii_2013/

[12] http://www.cbsfilms.com/news/cbs_films_salmon_fishing_in_the_yemen_scores_three_golden_globe_nominations

[13] http://www.goldenglobes.org/2012/12/nominations-2013/

[14] http://www.cbsfilms.com/news/seven_psychopaths_scores_multiple_irish_film_and_tv_academy_award_nominatio

[15] http://ifta.ie/winners/index.html

[16] http://www-deadline-com.vimg.net/wp-content/uploads/2013/01/greym__130123024752.jpg

[17] http://www.deadline.com/tag/toy-house/

[18] http://www.deadline.com/2012/11/first-photo-last-vegas-robert-de-niro-michael-douglas-cbs-films/

[19] http://www.deadline.com/2011/09/jon-turteltaub-in-talks-to-direct-last-vegas/

[20] http://collider.com/popeye-hotel-transylvania-2-release-date/211652/

[21] http://www.heyuguys.co.uk/images/2012/10/Gambit-UK-Poster.jpg

[22] http://blogs.indiewire.com/theplaylist/cbs-films-move-seven-psychopaths-up-to-october-12th-delay-gambit-to-winter-2013-20120803

[23] http://www.imdb.com/title/tt0404978/

[24] http://welcomefrnds.com/wp-content/uploads/2012/12/7500-movie.jpg

[25] http://www.deadline.com/2012/05/cbs-films-shifts-dates-for-gambit-7500/

[26] http://www.deadline.com/2013/02/inside-llewyn-davis-cbs-films-acquisition-coen-brothers/

[27] http://www.hollywoodreporter.com/heat-vision/olivia-twisted-picked-up-by-415147