Sony Pictures

Posted on April 25, 2016 by Ruby Johnson

10202 West Washington Boulevard, Culver City, California

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].

Sony Pictures Plaza in Culver City, CA

FINANCIALS

As of April 17^th, 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 28^th, 2016 at 4:45 PM [5]. On January 29^th, 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 24^th, 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 24^th 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 16^th 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 11^th, 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 5^th 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 20^th. 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 7^th, 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].

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 11^th, 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.

[20] The Angry Birds Chirp With Big Promo Partners McDonald’s, Citroen. Deadline. Retrieved April 25, 2016.

[21] Upset about an all-female ‘Ghostbusters’? Screenwriter Katie Dippold makes no apologies. LA Times. Retrieved April 25, 2016.

[22] Judge Approves Settlement in Sony Pictures Hacking Case. Billboard. Retrieved April 25, 2016.

[23] Sony Pictures Consumer Marketing Teams Up with Hip-Hop Icon and Entrepreneur NAS for Nas x Ghostbusters Fashion Collection. PR Newswire. 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.

[26] Sony Pictures Teases The Dark Tower, MIB 23, Passengers and More at CinemaCon. Comingsoon.net. 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.

MGM

Posted on February 18, 2016 by Bradley Hanford

MGM Logo [1]

Finances

After a bankruptcy declaration in 2011, Metro-Goldwyn-Mayer has regained its position as a profitable major film studio in the last five years. MGM Studios is owned by the larger parent company of MGM Holdings Inc., a company formed from what was formerly Spyglass Entertainment [2]. In 2015, the studio made $1.56 billion in revenue, resulting in an operating income of $258.78 million. This was up from $1.44 billion and $243.03 million, respectively, in 2014. 2015 was the company’s third consecutive year of posting record revenue and income. MGM Holdings’ total assets currently stand at $3.045 billion [3]. The studio has been in the process of repurchasing its stocks since its bankruptcy, and in March announced that $300 million more would be added to their repurchasing plan. The ramping up of the repurchasing plan has been taken as a sign of confidence in the company’s continued growth [4].

Recent Acquisitions

In January of 2016, MGM fully acquired the United Artists Media Group, a film and television production company that had been a joint venture with Mark Burnett, Roma Downey and Hearst Productions. MGM had acquired a 55% stake in Burnett, Downey and Hearst’s One Three Media and LightWorkers Media in September 2014, and relaunch the companies as United Artists. As of January 2016, all revenues, expenses and assets of United Artists are now consolidated under the MGM name [5].

Gary Barber [6]

Mark Burnett [7]

Jonathan Glickman [8]

Executives

MGM’s three top executives are Chairman and Chief Executive Officer Gary Barber, President of the Television and Digital Group Mark Burnett, and President of the Motion Picture Group Jonathan Glickman. Barber and Glickman were previously the heads of Spyglass Entertainment, where Barber oversaw the production of a total of $5 billion in box office productions. MGM became the first studio to release back-to-back films making over $1 billion at the box office under Barber’s leadership with The Hobbit: An Unexpected Journey and Skyfall. Burnett was named to his position in January 2016, when MGM fully acquired his United Artists company. His former United Artists co-owner Roma Downey is President of LightWorkers Media, which is now the “faith and family division of MGM Television” [9].

Current Releases

How To Be Single [14]

MGM has only released two films thus far in 2016, both of which were coproduced with New Line Cinema and were distributed by New Line’s parent studio Warner Brothers [10] [11]. These films were How To Be Single and Barbershop: The Next Cut, both relatively small-scale but still distinctly mainstream offerings, opening in 3,343 and 2,661 theaters respectively. How To Be Single was by far the more successful, bringing in $46.8 million in domestic box office revenue and a total of $105.3 million worldwide, against a production budget of $38 million [12]. Barbershop was less successful, though not necessarily a flop. It brought in $20.2 million in its opening weekend (April 15-17) against predictions in the high-$20 millions range. Its production budget has not been released to the press [13]. These films also show that MGM is willing to target underserved demographics with their films, with How To Be Single being described as attempting to be a “feminist rom-com” and Barbershop being specifically marketed towards African-Americans.

Upcoming Releases

MGM has three more coproductions with release dates in 2016, each with their own significant potential for profit.

Me Before You is slated for a June 3 release, and is a romantic drama abou a young woman (Emilia Clarke) who falls in love with a paralyzed man she is caring for (Sam Claflin) [15]. The plot description puts in squarely in the vein of other successful films like The Fault In Our Stars and Me and Earl and The Dying Girl, which also dealt with themes of serious illness and young adult romance. The film’s cast should also appeal to this young demographic, as Emilia Clarke is a rising star due to her role as Daenerys Targaryen on the HBO television show Game of Thrones (also in the film is Clarke’s Thrones co-star Charles Dance) [16], and Sam Claflin has gained fame from the Hunger Games series [17]. The film is based on the acclaimed novel of the same name by Jojo Moyes. MGM is co-producing the film with New Line Cinema (a division of Warner Bros.) and Sunswept Entertainment [18].

Ben-Hur is the first of MGM’s two remakes of classic films in 2016, and will be released on August 19. It’s also the more outwardly risky- its director, Timur Bekmambetov, is hardly an established hitmaker, and the only big name in its cast is Morgan Freeman in a supporting role (the title role is played by the essentially unknown Jack Huston) [19]. Still, Ben-Hur has the name recognition of one of the most famous and successful films ever made, as well as the appeal of a big-budget summer blockbuster. MGM is co-producing the film with Paramount Pictures [20].

The Magnificent Seven, set for release on September 23, is a remake of the classic John Sturges Western starring Steve McQueen and Charles Bronson, itself a remake of Akira Kurosawa’s legendary Seven Samurai. The film is being directed by Antoine Fuqua (Training Day, Southpaw), and stars Denzel Washington, Chris Pratt, and Ethan Hawke, among others [21]. That combination of commercially successful director and all-star cast is a solid predictor for the film’s financial success. Pratt, especially, has been a major draw at the box office, headlining such hits as Guardians of the Galaxy and Jurassic World [22]. MGM is co-producing the film with Columbia Pictures, a subsidiary of Sony Pictures [23].

MV5BMTM4ODI5MjA2N15BMl5BanBnXkFtZTcwODUwODk1OQ@@._V1_UY317_CR0,0,214,317_AL_

Michael B. Jordan [28]

In Development

Future projects of MGM’s include a recently announced reboot of the Tomb Raider series, which they will coproduce with Warner Bros [24] (Daisy Ridley, star of Star Wars: The Force Awakens, has been confirmed as being in talks to star in the series) [25]. This would be the newest in a succession of recent MGM coproductions with Warner Bros., including films like the Hobbit trilogy and Creed and its upcoming sequels [26]. Other future MGM productions include a remake of the 1968 heist thriller The Thomas Crown Affair with Creed star Michael B. Jordan [27].

Conclusion

It’s not clear whether MGM will make a return to producing or distributing films by themselves, or whether they will continue serving only in a co-producer or co-distributor role, as they have since their bankruptcy. The studio has released progressively more films per year since the 2010 bankruptcy, climbing from one release in 2010 to seven in 2015 [29]. Metro-Goldwyn-Mayer is still a long way from their former position as the largest and most profitable movie studio in Hollywood [30], but the success they’ve had in their recent films and their continued financial growth bodes well for the future of the company.

[1] Koscis, James (November 10th, 2009). MGM Logo. James Koscis Design + Imaging. Retrieved: April 18th 2016.

[2] Ovide, Shira and Spector, Mike (November 5th, 2010). Everything You Need to Know about the MGM Bankruptcy. The Wall Street Journal. Retrieved: April 10th 2016.

[3] Investor Relations. MGM Studios. Retrieved: April 12th 2016.

[4] Lieberman, David (March 25th, 2016). MGM Board Adds $300M To Stock Repurchase Plan. Deadline. Retrieved: April 13th 2016.

[5] McNary, Dave (December 14th, 2015). Mark Burnett Named President of MGM Television. Retrieved: April 12th 2016.

[6] Today. MGM Studios. Retrieved: April 12th 2016.

[7] Today. MGM Studios. Retrieved: April 12th 2016.

[8] Today. MGM Studios. Retrieved: April 12th 2016.

[9] Today. MGM Studios. Retrieved: April 12th 2016.

[10] How to Be Single (2016)- Company Credits. IMDb. Retrieved: April 15th 2016.

[11] Barbershop: The Next Cut (2016)- Company Credits. IMDb. Retrieved: April 15th 2016.

[12] How to Be Single (2016). Box Office Mojo. Retrieved: April 10th 2016.

[13] Barbershop: The Next Cut (2016). Box Office Mojo. Retrieved: April 10th 2016.

[14] How To Be Single. IMDb. Retrieved: April 10th 2016.

[15] Titles- Me Before You. MGM Studios. Retrieved: April 17th 2016.

[16] Game of Thrones. IMDb. Retrieved: April 17th 2016.

[17] Sam Claflin. IMDb. Retrieved: April 17th 2016.

[18] Me Before You- Company Credits. IMDb. Retrieved: April 17th 2016.

[19] Ben-Hur. IMDb. Retrieved: April 18th 2016.

[20] Ben-Hur (2016)- Company Credits. IMDb. Retrieved: April 18th 2016.

[21] The Magnificent Seven. IMDb. Retrieved: April 18th, 2016.

[22] Chris Pratt. IMDb. Retrieved: April 18th, 2016.

[23] The Magnificent Seven (2016)- Company Credits. IMDb. Retrieved: April 18th, 2016.

[24] McNary, Dave (February 25th, 2016). Warner Bros. Joins MGM on ‘Tomb Raider’ Reboot. Variety. Retrieved: April 20th, 2016.

[25] Ritman, Alex (March 21st, 2016). Daisy Ridley Confirms ‘Tomb Raider’ Reboot Talks. The Hollywood Reporter. Retrieved: April 20th, 2016.

[26] McNary, Dave (February 25th, 2016). Warner Bros. Joins MGM on ‘Tomb Raider’ Reboot. Variety. Retrieved: April 20th, 2016.

[27] Kit, Borys (February 24th, 2016). Michael B. Jordan, MGM to Remake “The Thomas Crown Affair. The Hollywood Reporter. Retrieved: April 20th, 2016.

[28] Michael B. Jordan. IMDb. Retrieved: April 23rd, 2016.

[29] Metro-Goldwyn-Mayer: Completed. Movie Insider. Retrieved: April 23rd, 2016.

[30] Metro-Goldwyn-Mayer, Inc. Encyclopedia Britannica. Retrieved: April 23rd, 2016.

Warner Bros. Pictures #1

Posted on December 2, 2015 by Mallory Rogers

Mallory Rogers

[22]

Warner Bros. Pictures

4000 Warner Blvd.,
Burbank, CA 91522

http://www.warnerbros.com/studio/divisions/warner-bros-pictures

SOCIAL MEDIA

Twitter

Facebook

KEY EXECUTIVES

Kevin Tsujihara [12]: Chairman and Chief Executive Officer, Warner Bros.

Jon Gilbert [13]: President, Warner Bros. Worldwide Studio Facilities

Steve Papazian [14]: President, Worldwide Physical Production, Warner Bros. Pictures

Greg Silverman[15]: President, Creative Development and Worldwide Production, Warner Bros. Pictures

BACKGROUND

[16]

Warner Brothers Pictures produces and distributes a variety of anywhere from 18 to 22 films each year. To date, Warner Bros. has produced 23 films in 2015. These films range in genre from Pan to Vacation to Entourage. Warner Bros. is part of the Big 6, a group of movie studios that produce and distribute the majority of films in Hollywood.

[17]

The focus of Warner Bros. Pictures is to produce films that are wide ranging to appeal to all audiences. It “produces and maintains worldwide distribution rights.” It has joint ventures with Village Roadshow Pictures and PatPac-Dune Entertainment to finance such films. Warner Brothers Pictures also has a deal with Alcon Entertainment to help finance films. [11]

This company is also under the larger media conglomerate umbrella of TimeWarner. In addition to Warner Bros. Pictures TimeWarner also owns the remaining segments of Warner Bros. such as Warner Bros. Animation as well as HBO and Turner.

HISTORY

Well-respected and one of the most diversified companies in the industry, Warner Bros. Pictures has a storied past. Warner Bros. Studios was founded April 4, 1923 by brothers Albert, Sam, Harry and Jack. [11]

The four Warner brothers (left to right) Sam, Harry, Jack, and Albert, 1926. [18]

One of the moments that sparked its respect was the release of “the world’s first ‘talkie’” in 1927. This talkie was The Jazz Singer. A “talkie” is a synchronized-sound feature film. This innovative success spurred the success of the brothers’ film company for years to come.

[19]

However, their work in the film industry started much earlier. In 1903 the four brothers traveled though Pennsylvania and Ohio as traveling exhibitors showing films off a portable projector. The Great Train Robbery was one of the first films they displayed to the public. This film was hailed as “the first motion picture to tell a definite story.” From here, the brothers continued and expanded their business in Pennsylvania where they opened the Cascade Theater. Each brother had their own skill/job in the theater. Albert and Harry sold tickets, “Sam ran the hand-crank projector while Jack sang ‘illustrated’ songs during the intermissions to sister Rose’s piano accompaniment.” [11]

New Line Cinema, a unit of Warner Bros. Pictures, was acquired in 2008 by TimeWarner. Their production of highly successful, critically acclaimed films attracted them to TimeWarner. Though their production, marketing, development and distribution are all separate from Warner Bros. the collaboration serves to “maximize film performance and operating efficiencies.” [25]

Warner Bros. Pictures has amassed a large amount of success through the years, including the Harry Potter and Dark Knight franchises. This studio has been producing nearly 6,500 feature films since the late 1920s/early 1930s.

FINANCE

According to the third quarter results for 2015 ending in September 2015 Warner Bros’ parent company, TimeWarner, revenue has increased 5%. This 5% translates to $6.6 billion. However, these results did not include anything past September. This means the release of Pan and the lack of success it had in the box officer were not taken into account. The increase came from Warner Bros. and Home Box Office to offset the decline from Turner. Also from the third quarter Warner Bros. had an adjusted EPS of $1.25 and repurchased 41 million shares that will run through October 30 for $3.3 billion. [8] [24]

The proxy statement TimeWarer released to educate investors for the year 2015 lays out all that TimeWarner has done over the past year. It details what all has happened, operating strategies, expansion programs, etc. As of 2015 Warner Bros. Studios has production companies in 16 international territories. Warner Bros. Studios is expanding globally to capture a wider reach, becoming bigger. This plays into the financial aspect to see what is working in the company, what films have brought in, monetarily and other important financial details. In fact, “Warner Bros. generated over $4 billion at the global box office for the 6th year in a row; announced expanded slate of movies for 2016-2020.”[24]

FILMS THUS FAR

Producing 23 films this year to date, one of Warner Bros.’ more recent films, Pan, seemed to flop. [9] This flop did not sit well with executives after already having had a less-than- successful summer. None of its films surpassed $500 million worldwide. Settling in at number three among top movie studios when usually number 1 indicated to executives something had to change. Anticipated success from The Man From U.N.C.L.E. was dashed after making only $13.4 million opening weekend. [3] Warner Bros’ looked at Straight Outta Compton, worked with New Line Cinema to produce it but backed out thinking its budget was too high ceding this film to Universal Studios. Hope for the remainder of the year was placed in Black Mass and others. Black Mass might be Warner Bros’ saving grace with rumors of Oscar consideration for main character Johnny Depp.

However, on the opposite end of the spectrum, Pan, provided a setback for the studio. Going off the old story of Peter Pan this film aimed to reinvent the classic. With a $129 million dollar budget executives were sure this film would be a success. Originally supposed to be released in July Pan’s release date was later moved to October to avoid summer competition. This was concerning because Warner Bros. did not want to bump up against Pixels opening that same July weekend. Warner Bros. pulled the film to avoid the same weekend release as Pixels. [4] This change had a domino effect. Advertising and targeting tactics changed when the demographic of Pan originally aimed at, children, matured to skew older.

[23]

Its lack of success can also be attributed to the film being “overly formulaic and too wild a deviation from J.M. Barrie’s beloved children’s classic to succeed.” [3] Meant to be an origin story, Pan, didn’t quite make it. One box office analyst, Jeff Bock, remarked that fairy tale adaptations were a difficult feat to accomplish without the backing of Disney. The story strayed too far from the original fairy tale for audiences to be acutely engaged. Other adaptations did a much better job and were used as comparisons to this film; those compared were Spielberg’s Hook and the animated adaptation from Disney.
Warner Bros. is expected to lose anywhere from $130 to $150 million as a result. [4]

LOOKING TO CHINA

Hoping to expand to China’s “booming film market” Warner Bros. Pictures was in talks with China Media Capital (CMC) and came to an agreement in September to make more Chinese-language productions.    [6] This collaborative company is Flagship Entertainment Group Ltd. and it is hoping to combine the skills of Warner Bros. with the financial resources of CMC. In addition, CMC has collaborated with Oriental DreamWorks and IMAX for at least 10 Mandarin films to be produced.

[20]

They aim to “develop, distribute and produce a slate of Chinese-language films, including global tent poles, for distribution in China and around the world” using Warner Bros.’ name and network. [7] The new company they form will be owned primarily by CMC with a 51% share. Warner Bros. owns the remaining 49%.    [6] Hoping to bring more of Warner Bros’ signature storytelling and experience in the industry to China’s film industry this future of their collaboration is hopeful. This partnership may release a film as soon as 2016.

FUTURE FOR WARNER BROS. PICTURES

Looking to the future Warner Bros. Pictures is looking to produce a new film, King Kong vs. Godzilla. Recently acquiring the rights and hoping to debut the first in the trilogy in 2016 executives are excited about potential success of the highly anticipated film(s). Hoping to collaborate with Japanese studio, Toho, Warner Bros. Pictures was chosen over Universal to produce this remake of the 1962 film due to previous history. Also, Legendary Pictures decided to move this film to make it consistent and join the first Godzilla with the rest of its franchise. Having release Godzilla in May of 2014 with Godzilla 2 being released June of 2018 Warner Bros. wanted to keep it in the family. Hoping to feature more key components of the “Godzilla Universe” Legendary Pictures wanted to acquire rights to additional characters in this world. These characters include Rodan, Mothra, and King Ghidorah.This is what Marvel Studios has done with its superhero films to keep the films together. [1]

This will be one of three in a trilogy to be produced in 2020. The lineup for films is as follows: Kong: Skull Island in 2017, Godzilla 2 in 2018 and then Godzilla vs. Kong in theaters 2020. Production for Kong: Skull Island was slated to begin October 19, 2015. Casting has already started with Brie Larson, Tom Hiddleston and Corey Hawkins on board. Main roles are being considered for Samuel L. Jackson and John C. Reilly with Jordan Vogt-Robert signed on to direct. [5]

[21]

SLATED FOR THE REST OF THE YEAR

From top:

In The Heart Of The Sea: to be released December 11, 2015 [27]

Creed: In Theaters Now [28]

Point Break: to be released December 25, 2015 [26]

SOURCES

[1]  Fleming, Mike. “Warner Bros Sets King Kong Vs Godzilla, As Deadline Told You Last   Month.” Deadline. 14 Oct. 2015. Web. 24 Nov. 2015. <http://deadline.com/2015/10/king-kong-godzilla-warner-bros-legendary-pictures- 1201582155/>.

[2] Galloway, Stephen. “Warner Bros.’ Chilly Summer Puts Execs in the Hot Seat (Analysis).” The Hollywood Reporter. 19 Aug. 2015. Web. 25 Nov. 2015. <http://www.hollywoodreporter.com/news/warner-bros-chilly-summer-puts-816176>.

[3] Lang, Brent. “Does ‘Pan’s’ Box Office Bomb Spell the End for Origin Stories?” Variety. 12 Oct. 2015. Web. 25 Nov. 2015. <http://variety.com/2015/film/news/pan-box-office- bomb-death-of-origin-movies-1201615656/>.

[4] McClintock, Pamela. “Warner Bros.”Pan’ Could Lead to $150 Million Loss.” The Hollywood Reporter. 12 Oct. 2015. Web.25 Nov. 2015. <http://www.hollywoodreporter.com/news/warner-bros-pan-could-lead-831412>.

[5] Owen, Luke. “Warner Bros. Set to Remake King Kong vs. Godzilla.” Flickering Myth.   11 Sept. 2015. Web. 24 Nov. 2015. <http://www.flickeringmyth.com/2015/09/warner- bros-set-to-remake-king-kong-vs-godzilla.html>.

   [6] Spear, Lisa. “Warner Bros.Unveils New Chinese Film Venture.” Time. Time, 21 Sept. 2015. Web. 24 Nov.2015. <http://time.com/4042115/china-warner-brothers-film-movies-hollywood/>.

[7] Tartaglione, Nancy. “Warner Bros, China Media Capital Form Flagship Entertainment Group; JointVenture To Make Local-Language Films.” Deadline. 20 Sept. 2015. Web. 25 Nov. 2015. <http://deadline.com/2015/09/warner-bros-china- media-capital-flagship-entertainment-group-local-language-films-joint-venture- 1201537954/>.

[8] “Time Warner Inc.” Time Warner Inc. Web. 20 Nov. 2015.
<http://www.timewarner.com/>.

[9] “Warner Bros. Box Office Receipts by Release Date.”Box Office Mojo.Web.22 Nov. 2015. <http://www.boxofficemojo.com>.

[10] “Warner Bros. Partners With China Media Capital on Major Production, Distribution Joint Venture.” MSN. 20 Sept. 2015. Web. 25 Nov. 2015. <http://www.msn.com/en- nz/video/celebs/warner-bros-partners-with-china-media-capital-on-major- production-distribution-joint-venture/vi-AAexXnM?refvid=AAd57s2>.

[11] Warner Bros. Web. 22 Nov. 2015. <http://www.warnerbros.com/>.

[12] “Kevin Tsujihara.” WarnerBros.com. Web. 02 Dec. 2015.

[13] “Jon Gilbert.” WarnerBros.com. Web. 02 Dec. 2015.

[14] “Steve Papazian.” WarnerBros.com. Web. 02 Dec. 2015.

[15] “Greg Silverman.” WarnerBros.com. Web. 02 Dec. 2015.

[16] Santoso, Alex. “The Stories Behind Hollywood Studio Logos.” Neatorama. 3 Dec. 2008. Web. 2 Dec. 2015.

[17] Robehmed, Natalie. “Hollywood’s Most Profitable Movie Studios.” Forbes. Forbes Magazine, 15 May 2015. Web. 02 Dec. 2015.

[18] “What Los Angeles Can Learn From the Warner Bros.” Aarmadillocom. 2 July 2015. Web. 02 Dec. 2015.

[19] “The Jazz Singer (1927).” The Jazz Singer (1927). Web. 02 Dec. 2015.

[20] “Star China Media Announces Appointment of a New Management Team.” China Screen News RSS. 02 Dec. 2015. Web. 02 Dec. 2015.

[21] Martinez, Phillip. “New ‘King Kong vs Godzilla’ Movie: Remake Needs To Happen In Next 5 Years.” IDigitalTimes.com. 02 Sept. 2014. Web. 02 Dec. 2015.

[22] “Warner Bros. Pictures.” Logopedia. Web. 02 Dec. 2015.

[23] “Pan.” Fandango. Fandango.com. Web. 02 Dec. 2015.

[24] “IR Relations.” TimeWarner. Web. 02 Dec. 2015.

[25] “New Line Cinema.” WarnerBros.com. Web. 02 Dec. 2015.

[26] “First Poster for the Point Break Remake.” Flickering Myth. 25 May 2015. Web. 02 Dec. 2015.

[27] “In the Heart of the Sea.” IMDb. IMDb.com. Web. 02 Dec. 2015.

[28] “Rocky Isn’t Doing So Well in New Creed TV Spot.” Film RSS. 24 Sept. 2015. Web. 02 Dec. 2015.

Time Warner (TV/Cable channels only)

Posted on March 25, 2015 by Jesse Katzenstein

by JESSE KATZENSTEIN

[1]

Time Warner Inc.
One Time Warner Center
New York, NY 10019-8016
212-484-8000
www.timewarner.com
[2]

About

Time Warner Inc. is one of the largest media corporations in the United States, specializing in TV, film, and entertainment. Its operating divisions consist of Turner Broadcasting System, Home Box Office Inc., and Warner Bros. Entertainment. [3]

Executives

Chairman and CEO – Jeff Bewkes

[4]

EVP and CFO – Howard M. Averill

Howard M. Averill Executive Vice President and CFO

[5]

EVP and General Counsel – Paul T. Cappuccio

Paul T. Cappuccio, Executive Vice President and General Counsel

[6]

Financials and Company Plans

Time Warner is a publicly traded company. In 2014, their revenue grew to $27.36 billion, which is up 3% from their 2013 annual revenue of $26.46 billion. [7] In the release of Time Warner’s Full Year 2014 Financial Results, Time Warner stated that their fourth quarter revenues decreased by 1% to $7.5 billion and can be attributable to a decrease in income from Warner Bros. It was also stated that Home Box Office Inc., or HBO, and Turner Broadcasting Company were responsible for counterbalancing an even larger decrease in revenue. [8]

In a story released by Bloomberg.com, it was said that CBS Corp. was thinking of a merger deal with Time Warner. CEO of CBS Corp., Leslie Moonves, is said to have mentioned the idea to CEO Jeff Bewkes in meetings between the two companies last year. [9] Critics claim this merger would benefit both companies regarding their position in sports broadcasting, and this powerful advantage would make this powerhouse “a good alternative for ESPN.” [10] However, Jeff Bewkes seems to be satisfied with keeping Time Warner and CBS separate.

Lulegacy.com released an article on April 16th revealing the results of 30 ratings firms who have been analyzing Time Warner’s stock. The average stock price target came out to $91.71. A little over two-thirds of the analysts put a “Buy” recommendation on the stock, while just 9 of the analysts gave the stock a “Hold” recommendation. [11]

HBO

[12]

According to Time Warner’s company website, HBO is the top domestic premium pay television service in the United States. This service offers both HBO programming and Cinemax programming. [13] HBO is known for its original television series such as Game Of Thrones, Girls, True Detective, and Silicon Valley. [14] Cinemax is known for its original television series such as The Knick, Banshee, and Strike Back. [15] Both services also offer programming of movies released theatrically. HBO’s most popular and successful show, Game Of Thrones, has won Primetime Emmy Awards in every year of its existence. [16] Its fifth and most current season debuted on April 12th of this year, but was subject to many news stories when almost half of the season was linked on illegal websites all over the world. Jeff Bewkes’ comments were surprisingly optimistic when he explained that these leaks can offset some paid advertising, and joked about how distributing the most pirated show in the world is “better than an Emmy.” [17]

On April 7th, Time Warner announced that HBO NOW is now available to Apple and Optimum Online customers. HBO NOW is HBO’s streaming service where consumers can stream all available episodes from their favorite HBO shows on all compatible devices. The service costs $14.99 per month, but if consumers purchase the service in the month of April, they are granted with a 30-day free trial. [18]

Turner Broadcasting System

[19]

Turner Broadcasting system controls and manages some of the leading television networks in the country. These networks cover programming in entertainment, news, sports, and animation, among other television genres. Turner’s networks TNT and TBS are most notably known for their broadcasting of major sporting events such as the NBA Playoffs and the NCAA College Basketball Tournament. [20]

TNT and TBS both had a huge turnout this year during the NCAA tournament. Time Warner released a statement on March 29th stating that the Kentucky vs. Notre Dame broke the record for the most-viewed and highest-rated college basketball game in cable TV history. As of that day, total viewership was up 2% from the previous year. [21] A little over a week later, the semifinal game between Kentucky and Wisconsin broke one of those records; the most-viewed college basketball game in cable TV history. Total audience for the Final Four across all networks (TBS, TNT, truTV) attained 41.7 million viewers, a 24% increase from 2014. [22]

As for original content, Turner delivers the #1 comedy with adults 18-49 in The Big Bang Theory (TBS), and delivers the #1 original animated series in Mr. Pickles and Squidbillies (Adult Swim). For kids, Cartoon Network is the leading channel that holds “49 of basic cable’s top 50 telecasts for young boys.” Turner recently announced a revamp of the Cartoon Network live streaming app in Australia called Cartoon Network Watch and Play. [23]

In the news genre, CNN is Turner’s premier news network. It is one of the first 24-hour news networks that provides breaking news across all media platforms. Its popular programs include Anderson Cooper 360, Newsroom, Situation Room, and State of the Union. [24]

Warner Bros. Entertainment

[25]

Warner Bros. Entertainment is a studio responsible for Time Warner’s influence in the TV, film, and home entertainment industries, as well as being a global distribution company. [26] For it’s work in film, 2014 became the 14th consecutive year Warner Bros. Picture Groups grossed $1 billion or more at both the domestic and international box office. [27] It has also done what no other studio has done, which is gross over $3 billion at the international box office for two consecutive years. On March 30th, Warner Bros. reported their new agreement with Redbox, a company that provides self-service kiosks for consumers to purchase movies and video games on various platforms. There are 35,000 kiosks across the country. This two-year agreement leaves a 28-day window for consumers to purchase Warner Bros. films on Blu-ray and DVD. [28]

The Future for Time Warner

The future may or may not be bright for Time Warner. At this point in the year, their action plan should be to play the waiting game and see how all of their assets perform. There are high hopes for the current season of Game Of Thrones despite the leaking scandal. Warner Bros. has an exciting lineup of movies coming out in late spring/early summer including The Water Diviner, Pan, Magic Mike XXL, and San Andreas.

Sources

[1] – Time Warner Logo, Retrieved, April 17, 2015

[2] – Time Warner Contact Info, Retrieved, April 17, 2015

[3] – Time Warner Inc. Company Page, Retrieved, April 17, 2015

[4] – Jeff Bewkes Bio Page, Retrieved, April 17, 2015

[5] – Howard M. Averill Bio Page, Retrieved, April 17, 2015

[6] – Paul T. Cappuccio Bio Page, Retrieved, April 17, 2015

[7] – Time Warner Annual Earnings, Retrieved, April 17, 2015

[8] – Time Warner Q4/Full Year 2014 Results, Retrieved, April 17, 2015

[9] – “Moonves Said To Have Mulled Time Warner Deal As CBS Plots,” Bloomberg Business, Retrieved, April 17, 2015

[10] – “Karmazin: CBS and Time Warner Inc. Need To Merge,” Fierce Cable, Retrieved, April 17, 2015

[11] – “Time Warner Recieves $91.71 Consensus Price Target From Brokerages,” The Legacy, Retrieved, April 17, 2015

[12] – HBO Logo, Retrieved, April 17, 2015

[13] – HBO Company Page, Retrieved, April 17, 2015

[14] – HBO Website, Retrieved, April 17, 2015

[15] – Cinemax Website, Retrieved, April 17, 2015

[16] – Game Of Thrones Awards List, IMDb, Retrieved, April 17, 2015

[17] – “Game Of Thrones Season 5 Premiere Set Rating Record Despite Episode Leak,” Forbes, Retrieved, April 17, 2015

[18] – HBO NOW Press Release, Retrieved, April 17, 2015

[19] – Turner Broadcasting System Logo, Retrieved, April 17, 2015

[20] – Turner Broadcasting System Company Page, Retrieved, April 17, 2015

[21] – “2015 NCAA Scores Highest Average Viewership in 22 Years,” Time Warner, Retrieved, April 17, 2015

[22] – “2015 Final Four Semifinals Reach More Than 41 Million Viewers,” Time Warner, Retrieved, April 17, 2015

[23] – “Cartoon Network Activates Live Streaming App,” Time Warner, Retrieved, April 17, 2015

[24] – List of CNN TV Shows, Retrieved, April 17, 2015

[25] – Warner Bros. Entertainment Logo, Retrieved, April 17, 2015

[26] – Warner Bros. Entertainment Company Website, Retrieved, April 17, 2015

[27] – Warner Bros. Entertainment Company Page, Retrieved, April 17, 2015

[28] – “Redbox, Warner Bros. Announce New Agreement,” Time Warner, Retrieved, April 17, 2015

Warner Bros. Pictures

Posted on October 5, 2014 by nlopezlu

by Nancy Lopez-Luna

Warner Bros. Pictures

: Photo Courtesy of deadline.com [1]

Contact Information: [2]

4000 Warner Blvd.

Burbank, CA 91522

P: 818.954.3000

http://www.warnerbros.com/

About Warners Bros. Pictures:

Warner Bros. Pictures is one of the six major American film studios. The company was founded on April 4, 1923 by Albert, Harry, Jack and Sam Warner. [3] Warner Bros. Pictures is an entertainment company involved in the creation, production, distribution, licensing and marketing on all their forms of entertainment. [4] In 2008, Warner Bros. Pictures acquired New Line Cinema to maximize film performance. [5]

Warner Bros. Pictures has created blockbuster films based on books, including Harry Potter, The Hobbit, Sherlock Holmes, among others. [6] Warner Bros., with the collaboration of New Line Cinema, releases approximately 18-22 films each year. [7]

Competitors

Warner Bros.’ competitors include: Paramount Pictures Corporation, Fox Filmed Entertainment and The Walt Disney Studios. [8]

Key Executives:

Kevin Tsujihara; chairman and Chief executive officer

Thomas Gewecke; executive Vice president & CHIEF DIGITAL OFFICE

Edward a romano; executive vice president & Chief financial officer

Photo and info courtesy of: http://www.warnerbros.com/studio/executives [9]

Financials:

In 2013, Warner Bros. Pictures grossed in $5.03 billion in global box office, their most successful theatrical year in company history. That year marked the company’s first time surpassing the $5 billion mark. [10] As of September 30, 2014, Warner Bros. Pictures has grossed a revenue of $1.17 million in their recent quarter. This is a 3% increase from last year. These increases were offset by Pacific Rim, The Conjuring and We’re the Millers. Through November 2, Annabelle grossed over $230 million in worldwide box office. [11] Currently, Warner Bros. Pictures employs 9,000 people. [12]

What’s happening now?

In 2014, Warner Bros. Pictures released a total of 18 films, with Inherent Vice being released last on December 12th. [13]

The Lego Movie

One of the movies that stayed #1 for the first half of 2014 was The Lego Movie directed by DeAlan Wilson. [14] The Lego Movie is a 3D animation film that tells the story of a construction Lego worker, Emmet. He is recruited on a quest to stop an evil tyrant from destroying the Lego universe. [15]

: Photo Courtesy of rottentomatoes.com [16]

The budget set for this film was $60,000,000 million. In its opening weekend (7-9 February 2014), The Lego Movie received $69,050,279 million. In total, it grossed $252,756,197 million. [17] The Lego Movie won the kids’ feature film prize at the BAFTA Children’s Awards Sunday, fighting off competition from Maleficent, How to Train Your Dragon 2 and Frozen. [18]

If I Stay

If I Stay recounts the story of Mia Hall after suffering a car incident that puts her in a coma. During her out-of-body experience, she has to decide if she wants to wake up and live a completely different life. During her journey she decides what she wants to do. The film is directed by R.J. Cutler and it stars Chloe Grace Moretz. [19]

Photo Courtesy of IMDb.com [20]

During its opening weekend (22-24 August, 2014), If I Stay earned $15,679,190 million. To date, it has grossed $50,474,843 million domestically. [21]

Annabelle

Annabelle reunites the filmmakers behind 2013’s hugely successful supernatural thriller The Conjuring. A couple begins to experience supernatural happenings in their house after satanic cultists invade their home. The films stars Ward Horton, Annabelle Wallis and Alfre Woodard. [22]

Photo Courtesy of IMDb.com [23]

Annabelle was big for Warner Bros. and New Line Cinema. It is the highest grossing horror movie of 2014. Directed by John R. Leonetti, Annabelle has taken over $250 million at the worldwide box office. Opening weekend (3-5 October 2014), Annabelle grossed in $37,134,255 million. [24]

Interstellar

Interstellar is a current release from Warner Bros. Pictures. Directed by Christopher Nolan, Interstellar tells the story of a team traveling through a wormhole in an attempt to find a potential planet sustainable for habitat. This film stars Matthew McConaughey and Anne Hathaway. [25]

Photo Courtesy of IMDb.com [26]

In its opening weekend (5-7 November 2014), Interstellar grossed in $47,510,360 million. It is 3.7 weeks in and Interstellar has grossed in $147,090,000 million domestically and $542,290,000 worldwide. [27]

Horrible Bosses 2

A sequel to Horrible Bosses, three men decide to start their own business but things don’t go as planned because of an investor, prompting the trio to pull off a misguided kidnapping scheme. Directed by Sean Anders this film stars Jason Bateman, Jason Sudeikis and Charlie Day. [28]

Photo Courtesy of IMDb.com [29]

In its opening weekend (26-28 November 2014), Horrible Bosses 2 grossed in $15,700,000 million. Domestically it has gained $23,010,000 million as of November 30, 2014. Worldwide it has reached $34,710,000. This movie was one of the popular to watch over Thanksgiving weekend. [30]

In other news

Cuts

On November 9, 2014 Warner Bros. began to cut their employees. These cuts will eliminate 1,000 jobs, or 12.5% of the studio’s staff. Warner Bros. is trying to increase their profitability in lieu of their weak domestic box office sales. These layoffs are part of Time Warner, its corporate parents, who also seek to cut costs. Despite the hit in The Lego Movie, it has suffered with movies like Edge of Tomorrow, The Judge and Blended. It is ranked third at the domestic box office, behind 20th Century Fox and Walt Disney Studios. [31]

Royalties

A private arbitrator has decided against the Weinstein brothers and Miramax in a dispute with Warner Bros. over royalties for the second and third Hobbit films. In 1988, Miramax agreed to sell the big-screen rights it controlled to New Line Cinema, which is now owned by Warner Bros. Warner Bros. has decided to not pay the Weinstein company royalties for the second and third installation of The Hobbit. [32]

The Stand

Director Josh Boone has announced that the studio has allowed him to turn Stephen’s King’s novel The Stand into a four-part franchise. Matthew McConaughey is said to take the role of villainous Randall Flagg. [33] The Stand is about one man who escapes from a biological weapon facility after a deadly virus wipes out most of the world’s population. The survivors are stuck in a predicament of what to do, facing both good and evil. [34]

What to Expect:

Focus

Warner Bros. Picture will release its first 2015 film, February 27. Focus is based on a veteran grifter who takes in an attractive woman under his wing. After time spent together they become romantically involved. Directed by Glenn Ficarra and Josh Requa this film stars Will Smith, Margot Robbie and Rodrigo Santoro. [35]

Photo Courtesy of IMDb.com [36]

In the Heart of the Sea

Out March 13, 2015, In the Heart of the Sea is said to be based on true events. In the winter of 1820, the New England whaling ship Essex was assaulted by a whale of mammoth size. The real-life disaster inspired Herman Melville’s Moby-Dick. But In the Heart of the Sea reveals the aftermath, as the ship’s surviving crew is pushed to their limits and forced to do the unthinkable to stay alive. [37]

Photo Courtesy of IMDb.com [38]

Directed by Ron Howard, this film stars Chris Hemsworth, Cillian Murphay and Charlotte Riley.

Video courtesy of youtube.com [39]

[1] Warner Bros. logo. Deadline. RT: 11/29/14

[2] Warner Bros. contact. warner bors. rt: 11/29/14

[3] Founded. warner bros. rt: 11/29/14

[4] What Warner Bros. does. BusinessWeek. RT: 11/29/14

[5] New Line Cinema. warner bros. rt: 11/29/14

[6] Competitors. hoovers. rt: 12/1/14

[7] Blockbuster Film Franchises. boxofficemojo. rt: 11/29/14

[8] Distribution. warner bros. rt: 11/29/14

[9] Executive Officers. warner bros. rt: 11/29/14

[10] 2013 Gross Income. variety. rt: 11/29/14

[11] 2014 3rd Quarter Income. time warner. rt: 11/29/14

[12] Employees. variety. rt: 11/29/14

[13] 2014 Films. movie insider. rt: 11/29/14

[14] Lego Movie. time warner. rt: 11/29/14

[15] About Lego Movie. imdb. rt: 11/29/14

[16] Lego Movie Image. imdb. rt: 11/29/14

[17] Lego Movie Revenue. boxofficemojo. rt: 11/29/14

[18] Lego Movie Award. variety. rt: 11/29/14

[19] About If I Stay. imdb. RT: 11/29/14

[20] if i stay movie poster. imdb. rt: 12/1/14

[21] If I Stay Revenue. Boxofficemojo. rt: 11/29/14

[22] About Annabelle. imdb. rt: 11/29/14

[23] Annabelle movie poster. imdb. rt: 12/1/14

[24] Annabelle Revenue. boxofficemojo. rt: 11/29/14

[25] About Interstellar. imdb. 11/29/14

[26] Interstellar movie poster. imdb. rt: 12/1/14

[27] Interstellar Revenue. boxofficemojo. rt: 11/29/14

[28] About Horrible Bosses. imdb. rt: 11/29/14

[29] horrible bosses 2 movie poster. imdb. rt: 12/1/14

[30] Horrible Bosses 2 Revenue. boxofficemojo. rt: 11/30/14

[31] Warner Bros. Cuts. ny times. rt: 11/29/14

[32] Warner Bros. Royalties. wall street journal. rt: 11/29/14

[33] Joseph Boone. deadline. rt: 11/29/14

[34] About The Stand. stephen king. rt: 11/29/14

[35] About Focus. imdb. rt: 11/29/14

[36] focus movie poster. imdb. rt: 12/1/14

[37] About In the Heart of the Sea. imdb, rt: 11/29/14

[38] In the Heart of the Sea Image. imdb. rt: 11/29/14

[39] In the Heart of the sea trailer. youtube. rt: 11/29/14

Relativity Media

Posted on October 5, 2014 by jlspivac

Relativity Media Logo[1*]

by Jeff Spivack

HISTORY

Founded in 2004 by industry icon Ryan Kavanaugh, Relativity Media produces and distributes film, television, music, sports, and fashion globally. The company’s diverse portfolio and nontraditional business model distinguish it amongst its competitors. For the first five years of its existence, Relativity Media was primarily a finance and film funding company, without an actual studio or film producing division.[1] In January of 2009, Relativity Media acquired Rogue Pictures from Universal Pictures for $150 mil and in doing so, became a fully outfitted movie studio. From this point on, the studio began producing its own films in its own studios, adding more films to its release schedule each successive year.[2] In an effort to further expand their operation, in 2010 the company took over the 45-person marketing and distribution team of Starz’s Overture Films.[3] To date, Relativity Media’s film studios have produced and distributed over 30 films. The company has continuously grown, and has built a varied and multi-faceted business that delves into a number fringe markets, though in recent years analysts have remarked that Relativity’s performance may be slacking. 2014 marks the company’s ten year anniversary.[4]

Key Executives

Ryan+Kavanaugh+November+Man+Premieres+Hollywood+qlYI0FI9yDal

Relativity Media Founder and CEO Ryan Kavanaugh[2*]

The founder and CEO of Relativity Media, Ryan Kavanaugh, quickly and unexpectedly rose to prominence in the industry. His first notable accomplishments came in the form of successful and original film financing arrangements which he organized for Universal, Warner Bros., Sony, and other film studios. Early in his career, industry pundits thought he might have an early retirement given a DUI and probation violation he acquired during his initial successes, but he quickly turned things around and has been scandal free for the past few years.[5] In founding Relativity Media in 2004 with Lynwood Spinks, Kavanaugh managed his company in a way that is often compared to the analytical methods exhibited in the film “Moneyball”.[6] Kavanaugh is often the recipient of industry awards and accolades for his original approach and unmitigated success. In addition to his professional successes, Kavanaugh has participated in major philanthropic pursuits, founding several charitable organizations and committing large donations to charities that focus on children such as The Art Of Elysium.[7]

Relativity Media President Tucker Tooley[3*]

President of Relativity Media, Tucker Tooley, joined the staff in 2007 as the President of Worldwide Production. Before accepting a position at Relativity Media, Tooley had extensive film industry experience, previously working as president of Tooley Productions as well as Creative Executive at Interlight Productions.[8] In 2011 Tooley became the President at Relativity Media and has since been the producer and executive producer of some of Relativity’s most successful films. He also played a large part in the company’s 2009 transition from film financier to film studio and will be a major player during the studio’s eventual IPO.[9]

Financials

Relativity media has participated in the financing, distribution, or structuring of over 200 films. As of 2014, box office revenue has generated over $17 billion worldwide for the company. Much of the relatively small film studio’s success can be attributed to its performance in foreign markets.[10] Relativity Media’s most successful release to date was the 2011 Immortals, which grossed $84 million domestically and $143 million in foreign markets.[11] Theatrical releases account for only 60% of Relativity’s revenue, indicating a highly diversified revenue stream. The company will continue this campaign and plans to have 50% of its revenue coming from alternate sources by next year[12]

Initial Public Offering

Relativity Media’s IPO preparations[4*]

Beyond its slate of film releases this year, Relativity has made substantial steps towards a planned upcoming IPO by attempting to raise capital and grow its business through acquisitions, such as its $1.1 billion bid for Makers Studios which it eventually lost to a competing bid by the Walt Disney Company. Sources believe that the planned IPO will value the company somewhere between $6 billion and $10 billion. CEO Ryan Kavanaugh’s strategy for the IPO preparation is one of diversification, which he hopes will entice investors by offsetting the volatile nature of film markets.[13]

Additionally, Relativity has made strategic partnerships with multiple Chinese companies, and has publicly suggested that it may list its stock in both New York and Hong Kong. Its largest partnership will be with Chinese broadcaster, Jiangsu, with which Relativity will co-finance, produce, and distribute translatable content for both economies.[14] Kavanaugh stated the following in regards to his recent dealings in China.

We view China as being as important as the United States for Relativity. We’ve put a big bet on China, and the partnerships we announced today will further strengthen the robust foundation we have built in China.[15]

Other moves, such as plans to refinance their debt and the hiring of attorney Carol Genis make it clear that Relativity Media will likely go public within the next 12 months. Below, Kavanaugh explains his decision to hire Carol Genis.[16]

I have worked closely with Carol for more than a decade, relying on her sound counsel. She is an incredibly talented executive with an intimate understanding of our business and her experience and insight will prove vital as we prepare for an IPO[16.5]

Kavanaugh Hires New Staff[5*]

Theatrical Releases

Relativity Media’s 2013 season was less then desirable, returning only $242, releasing a total of 9 films by the end of the year.[17] Jason Dietz from Metacritic.com, a film performance rating site, had this to say about Relativity’s 2013 season.

Relatively speaking, Relativity performed horribly with critics in 2013, earning negative notices for more than half of its releases. The studio did score some hits, none bigger than the Nicholas Sparks adaptation Safe Haven, which grossed nearly $100 million worldwide against a $28 million budget. But there were also numerous duds, including animated family film Free Birds, drama Out of the Furnace, and thriller misfire Paranoia[18]

Relativity released 7 new films during the 2014 season, commanding 2.0% of the market share. As of November 30th, Relativity’s total gross for the 2014 season amounts to $181 million. Below are Relativity Media’s 2014 releases in descending order of highest grossing to lowest grossing. Hold your cursor over the movie poster to see the film’s Box Office gross. Click the poster to read a synopsis and access cast and crew information about the film on IMDb.com[19]

The Releases

Earth To Echo[6*]

3 Days To Kill[7*]

Oculus[8*]

Best Of Me[9*]

The November Man[10*]

Brick Mansions[11*]

Beyond The Lights[12*]

References

[1] About Us. Retrieved November 24, 2014, from http://www.relativitymedia.com/About.aspx

[2] Cieply, M. (2009, January 4). Universal Sells Rogue for $150 Million. The New York Times. Retrieved November 24, 2014, from http://www.nytimes.com/2009/01/05/business/media/05rogue.html?_r=1&

[3] Finke, N. (2010, July 23). Relativity Takes Over Overture from Starz. Retrieved November 24, 2014, from http://deadline.com/2010/07/relativity-takes-over-overture-from-starz-56058/

[4] Riley, J. (2014, May 6). Relativity Media Celebrates 10th Anniversary (VIDEO). Retrieved November 25, 2014, from http://variety.com/2014/film/spotlight/relativity-media-celebrates-10th-anniversary-video-1201172992/

[5] About Us. Retrieved November 24, 2014, from http://www.relativitymedia.com/About.aspx

[6] Pomerantz, D. (2013, May 6). Why Ryan Kavanaugh Is Now The Most-Watched Man In Hollywood. Retrieved November 25, 2014, from http://www.forbes.com/sites/dorothypomerantz/2013/04/17/why-ryan-kavanaugh-is-now-the-most-watched-man-in-hollywood/

[7]Philanthropy. Retrieved November 25, 2014, from http://www.relativitymedia.com/Philanthropy.aspx

[8] Tucker Tooley. Retrieved November 26, 2014, from http://investing.businessweek.com/research/stocks/private/person.asp?personId=118221022&privcapId=24439893

[9] About Us. Retrieved November 26, 2014, from http://www.relativitymedia.com/About.aspx

[10] About Us. Retrieved November 26, 2014, from http://www.relativitymedia.com/About.aspx

[11] Immortals. Retrieved November 26, 2014, from http://boxofficemojo.com/movies/?id=warofgods.htm

[12] Atkinson, C. (2014, June 12). Relativity Media to close $1B pre-IPO funding. New York Post. Retrieved November 26, 2014, from http://nypost.com/2014/06/12/relativity-media-to-close-1b-pre-ipo-funding/

[13] Sakoui, A., & Erlichman, J. (2014, April 14). Relativity Media Sends offer for Makers Studios Over Disney. Retrieved November 27, 2013, from http://www.bloomberg.com/news/2014-04-14/relativity-media-sends-offer-for-maker-studios-over-disney-s.html

[14] Sakoui, A., & Erlichman, J. (2014, June 19). Relativity Media Plans to Raise Capital Ahead of Planned IPO. Retrieved November 7, 2014, from http://www.bloomberg.com/news/2014-06-19/relativity-media-plans-to-raise-capital-ahead-of-planned-ipo.html

[15] Coonan, C. (n.d.). Relativity CEO Ryan Kavanaugh: ‘China Is Just as Important to Us as the U.S.’ Retrieved December 1, 2014, from http://www.hollywoodreporter.com/news/relativity-ceo-ryan-kavanaugh-china-712036

[16] Mcnary, D. (2014, September 2). Ryan Kavanaugh’s Relativity Continues Prepping for IPO, Taps Managing Director. Retrieved November 27, 2014, from http://variety.com/2014/film/news/ryan-kavanaughs-relativity-ipo-managing-director-1201296042/

[16.5] Mcnary, D. (2014, September 2). Ryan Kavanaugh’s Relativity Continues Prepping for IPO, Taps Managing Director. Retrieved November 27, 2014, from http://variety.com/2014/film/news/ryan-kavanaughs-relativity-ipo-managing-director-1201296042/

[17] Studio Market Share. Retrieved November 28, 2014, from http://boxofficemojo.com/studio/?view2=yearly&view=company&p=.htm

[18] Dietz, J. (2014, January 23). Metacritic’s 5th Annual Movie Studio Report Card. Retrieved November 28, 2014, from http://www.metacritic.com/feature/film-studio-rankings-2014

[19] Relativity. Retrieved November 28, 2014, from http://boxofficemojo.com/studio/chart/yr=2013&view=company&studio=relativity.htm

Image Sources

[1*]Snider, M. (2012, May 22). Relativity Media Logo. Retrieved November 30, 2014, from http://www.geekfore.com/?attachment_id=1987

[2*] “The November Man” Premiers in Hollywood. (n.d.). Retrieved November 30, 2014, from http://www.zimbio.com/pictures/aOUGAlyXxtJ/November Man Premieres Hollywood/qlYI0FI9yDa/Ryan Kavanaugh

[3*] Huver, S. Tucker Tooley Helps Stars Make it Big Read more at http://la-confidential-magazine.com/living/articles/its-all-relativity#KXq4xRUfDqI5bB4u.99. Retrieved November 30, 2014, from http://la-confidential-magazine.com/living/articles/its-all-relativity

[4*] Atkinson, C. (2014, June 12). Relativity Media to close $1B pre-IPO funding. New York Post. Retrieved November 26, 2014, from http://nypost.com/2014/06/12/relativity-media-to-close-1b-pre-ipo-funding/

[5*] Mcnary, D. (2014, September 2). Ryan Kavanaugh’s Relativity Continues Prepping for IPO, Taps Managing Director. Retrieved November 27, 2014, from http://variety.com/2014/film/news/ryan-kavanaughs-relativity-ipo-managing-director-1201296042/

[6*] http://www.imdb.com/title/tt2183034/

[7*] http://www.imdb.com/title/tt2172934/?ref_=fn_al_tt_7

[8*] http://www.imdb.com/title/tt2388715/?ref_=nv_sr_1

[9*] http://www.imdb.com/title/tt1972779/?ref_=nv_sr_1

[10*] http://www.imdb.com/title/tt2402157/?ref_=nv_sr_1

[11*] http://www.imdb.com/title/tt1430612/?ref_=nv_sr_1

[12*] http://www.imdb.com/title/tt3125324/?ref_=fn_al_tt_1

Paramount Pictures

Posted on October 5, 2014 by bjyuran

by Brian Yuran

Paramount Pictures

Paramount Pictures Logo [1]

Contact Information: [2]

555 Melrose Avenue, Los Angeles, CA 90038

(323)-956-5000

Facebook: www.facebook.com/Paramount

Twitter: @paramountpics

http://www.paramount.com

About Paramount Pictures:

Founded in 1912, Paramount Pictures is the fifth oldest surviving film studio. Paramount specializes in film production, distribution, and digital entertainment. It has built its success on many hit films and franchises, such as Titanic, Indiana Jones, Star Trek, and Transformers. [3] In 1994, Paramount was purchased by Viacom for $8.28 billion. [4]

Key Executives: [5]

Brad Grey: Chairman and CEO

Rob Moore: Vice Chairman

Frederick Huntsberry: COO

Adam Goodman: President, Paramount Film Group

Financials:

Paramount Pictures’ 2013 estimated box office revenue was approximately $970 million. [6] Also, its 2013 market share was 10.8%. As of late, Paramount Pictures’ performance has not been ideal. While it was the most profitable of the major studios in 2011, it is currently last. However, Paramount has a business model to fix its recent slip. It plans on making less films and going for guaranteed profit. In fact, Paramount is only releasing 11 films from now on as opposed to 16 in previous years. The studio believes this new business model will work because its profit margin has been 5.5% or more for the past three years, up from 0.5% in 2008. [7] Through these new tactics, Paramount looks to best competitors Warner Bros., Fox, and The Walt Disney Company.

Right Here, Right Now:

Over the summer, Paramount Pictures released the popular franchise films, Teenage Mutant Ninja Turtles and Transformers: Age of Extinction. Paramount’s fall season is slow as it is only releasing Interstellar and Men, Women, & Children.

Transformers: Age of Extinction

MV5BMjEwNTg1MTA5Nl5BMl5BanBnXkFtZTgwOTg2OTM4MTE@._V1_SX640_SY720_

Transformers: Age of Extinction Official Poster [8]

Transformers: Age of Extinction dominated the box office, despite negative reviews. It currently holds an 18% approval rating on Rotten Tomatoes. [9] During its opening weekend, the film grossed $138,345,769 million, giving it the 29th biggest opening of all time. Internationally, the film crossed the $1 billion mark. It has become the highest-grossing film in Chinese film history, generating over $300 million in revenue. [10] Many studios like Paramount have been setting films overseas to appeal to the international market.

Teenage Mutant Ninja Turtles

Teenage Mutant Ninja Turtles: Michelangelo [11]

Paramount distributed Teenage Mutant Ninja Turtles, a joint Nickelodeon Movies and Platinum Dunes production, in August. The movie focuses on the origin story of the Ninja Turtles and their quest to defeat the evil Shredder. [12] Directed by Jonathan Liebesman and produced by Michael Bay, Teenage Mutant Ninja Turtles was major financial success.

It grossed $93.7 million globally during its opening weekend. Domestically, it had an opening of $65 million in 3,845 theaters. To date, the film has grossed over $400 million at the international box office. [13] Teenage Mutant Ninja Turtles had the fourth biggest box office debut ever during the month of August. As a result, a sequel has been ordered for June 3rd, 2016. [14]

Men, Women, & Children

Adam Sandler in Men, Women, & Children [15]

Directed by Jason Reitman, Men, Women, & Children tells the story of a group of parents and high school students who face the consequences of the power of the Internet. [16] It has only grossed $705,908, which is substantially less than its $16 million budget. It is on track to be a major flop. In its wide release it only earned $306,367. Men, Women, & Children had the fifth worst wide release opening to a movie released on 600 screens. [17] Critical reviews have been negative with a 29% approval rating on Rotten Tomatoes. [18]

The negative buzz around the film is shocking as the topic very much pertains to the present. The internet has become such an integral part of all our lives. Also, the cast features A-list actors, such as Adam Sandler, Jennifer Garner, and Judy Greer. In fact, Sandler has been a huge box office draw for the past 15 years; his movies have grossed nearly $4 billion at the box office. [19] Even he could not salvage the film. Furthermore, the main issue was that the plot lines between the characters did not intertwine strongly. There was a huge opportunity to make this film great, but it was unfortunately bland and lacking in aesthetic value according to Chief Film Critic Justin Chang of Variety. [20]

Interstellar:

Interstellar Movie Poster [21]

Directed and co-written by Christopher Nolan and starring Matthew McConaughey and Anne Hathaway, Interstellar focuses on a team of individuals who search for a habitable planet that will allow humanity to survive. [22] It is maybe Nolan’s most daring film yet as it combines stunning visuals and a puzzling story with a solid family dynamic. Nolan borrowed many thematic elements from 2001: A Space Odyssey. For instance, he pays homage to the black monolith and computer HAL from 2001: A Space Odyssey. Nowadays, it is rare to see a three hour movie, like Interstellar, but most critics are not complaining. A few have not been in love with the film like Joe McGovern of Entertainment Weekly, who gave the film a B- rating. [23] However, most of the other reviews have been more positive as the film currently holds a 9.0 rating on IMDB. [24]

Paramount is only handling the domestic release of Interstellar, while Warner Bros. takes care of the international distribution. [25] It grossed $61,837,040 domestically in its opening weekend, but a whopping $144,737,040 worldwide, which nearly surpassed its $165 million budget. By its second week in theaters, Interstellar grossed over $300 million ($321.9 million to be exact) globally. [26] Domestically in its second week, it made $29.2 million, for a domestic total of $97.8 million as it fell 39%. Over the weekend, it crossed the $500 million mark worldwide. [27]

In Other News

In 2014, Paramount Pictures became the first major studio to distribute all its content digitally. Also, Paramount has created a new website that enables people to stream movies right from its site so it can funnel money directly back into corporate headquarters, rather than dealing with websites like Amazon Prime. [28]

In addition, Paramount has been in a tireless legal battle with investors who claim they never received their money back from projects such as Mean Girls and The Manchurian Candidate. The investors are suing to get back $40 million of their investment. The court concluded that Paramount is off the hook and not responsible. [29]

Looking Forward:

Unlike the fall season, Paramount’s winter film slate will be much busier with the releases of highly anticipated films, The Gambler (2014), Top Five, and The Spongebob Movie: Sponge Out Of Water.

The Gambler (2014) Trailer [30]

The Gambler (2014) is Mark Wahlberg‘s latest film, in which his character, Jim Bennett, borrows money from a gangster and puts his life up as collateral. It is a remake of the 1974 film of the same name. [31]

Top Five Trailer [32]

Top Five is a comedy film written and directed by Chris Rock. It has a planned release date of December 12th, 2014. It currently holds a stellar 92% approval rating on Rotten Tomatoes. [33]

The Spongebob Movie: Sponge Out Of Water Trailer [34]

The Spongebob Movie: Sponge Out Of Water is planned to be one of Paramount’s biggest hits of the winter, as it will attract young fans and older fans who grew up viewing the television show.

Paramount’s future appears promising with the other releases of Selma, Hot Tub Time Machine 2, and Project Almanac, which will be presented in a found footage style. [35] Selma is expected to generate much Oscar talk.

Sources:

[1] Paramount Logo, Paramount.com, RT: 11/10/14

[2] Paramount Contact Information, Paramount.com, RT: 11/12/14

[3] Film Franchises, Paramount.com, RT: 11/12/14

[4] “Viacom To Announce Deal To Purchase Paramount”, The New York Times, 9/12/93, RT: 11/12/14

[5] Key Executives, Paramount.com, RT: 11/10/14

[6] Paramount Revenue, Boxofficemojo.com, RT: 11/08/14

[7] New Business Model, The New York Times, 12/22/13, RT: 11/09/14

[8] Transformers: Age of Extinction Poster, IMDB, RT: 11/08/14

[9] Transformers: Age of Extinction Review, Rotten Tomatoes, RT: 11/11/14

[10] Transformers: Age of Extinction in China, Deadline.com, 8/3/14, RT: 11/12/14

[11] Michelangelo Photo, Screenrant.com, RT: 11/07/14

[12] Teenage Mutant Ninja Turtles, IMDB, RT: 11/09/14

[13] “Ninja Turtles Cracks $400 Million”, Variety.com, 11/02/14, RT: 11/10/14

[14] Teenage Mutant Ninja Turtles Sequel Announced, Variety.com, 8/10/14, RT: 11/11/14

[15] “Adam Sandler Leads Sexually Charged Dramedy”, The New York Post, 9/30/14, RT: 11/10/14

[16] Men, Women, & Children Summary, Time.com, RT: 11/10/14

[17] Men, Women, & Children Flop, Thewrap.com, RT: 11/11/14

[18] Men, Women, & Children Rating, Rotten Tomatoes, RT: 11/12/14

[19] Adam Sandler Box Office, The New York Times, 9/30/14, RT: 11/09/14

[20] Justin Chang, Variety.com, 09/06/14, RT: 11/10/14

[21] Interstellar Photo, Hollywoodreporter.com, RT: 11/11/14

[22] Interstellar Info, RogerEbert.com, RT: 11/16/14

[23] Joe McGovern, Entertainment Weekly, 11/19/14, RT: 11/19/14

[24] Interstellar Rating, IMDB, RT: 11/19/14

[25] Interstellar Distribution, Variety.com, 11/16/14, RT: 11/19/14

[26] Interstellar Box Office, Boxofficemojo.com, RT: 11/20/14

[27] Interstellar’s Splash, Deadline.com, RT: 11/21/14

[28] Paramount Streaming Service, Theverge.com, RT: 11/06/14

[29] “Paramount Pictures, Movie Investors in Mean Fight”, The Wall Street Journal, 10/26/14, RT: 11/18/14

[30] The Gambler (2014) Trailer, Youtube.com, RT: 11/18/14

[31] The Gambler (2014), IMDB, RT: 11/18/14

[32] Top Five Trailer, Youtube.com, RT: 11/18/14

[33] Top Five Rating, Rotten Tomatoes, RT: 11/18/14

[34] The Spongebob Movie: Sponge Out Of Water Trailer, Youtube.com, RT: 11/17/14

[35] Paramount Future Releases, Deadline.com, RT: 11/10/14

Warner Bros. Pictures

Posted on March 15, 2014 by Kyohei Kawada

By Ken Kawada

Courtesy of Deadline

Brief Overview

The Warner Brothers Pictures was founded on April 4, 1923, and it is one of the major studios in Hollywood. The studio handles production and distribution of films, and finances or co-finances their films. They collaborate with other studios such as Village Roadshow Pictures, Castle Rock Entertainment and RatPac-Dune Entertainment. The studio is known for producing award winning films such as The Dark Knight, Inception and Argo. [1]

Key Executives

Greg Silverman

Courtesy of Deadline

Silverman is the President, Creative Development and Worldwide Production for Warner Brothers Pictures. Appointed in June 2013, he oversees the studio’s development activities, global production and budget. He also works with the studio’s senior management to seek opportunities for the company. [2]

Steven S. Spira

Courtesy of Variety

Spira is the President, Worldwide Business Affairs for Warner Brothers Pictures. Promoted on January 2004, he is responsible for overseeing the business aspects of the studio’s operations that include development, production and distribution of films. [3]

Sue Kroll

Courtesy of Film Independent

Kroll is the President, Worldwide Marketing and International Distribution for Warner Brothers Pictures. She oversees the strategic creation and marketing campaigns for the studio’s international releases. [4]

Recent Releases

The Hobbit: The Desolation of Smaug

Courtesy of Movie Wallpapers

Continuing the success of Peter Jackson’s epic fantasy, The Hobbit: An Unexpected Journey, Warner Brothers Pictures released its latest sequel on December 2, 2013, just in time for the award season. The film follows the titular character, Bilbo Baggins as he continues his journey with the dwarves to reclaim their homeland from the dragon Smaug. Based on J. R. R. Tolkien’s fantasy novel of the same name, this anticipated sequel is the second film in the The Hobbit franchise. [5]

The film’s release was the fourth best opening weekend for the month of December, slightly behind the first Hobbit film. On Metacritic, the film received an average review score of 66 out of 100, which indicates generally favorable reviews from critics. Many critics have highlighted the overall improvement from the first film in the series, but still criticized the length. [7]

It has grossed over $950 million at the worldwide box office to this date, making it the fourth highest-grossing film of 2013. The Desolation of Smaug received 3 nominations at this year’s Academy Awards, including best visual effects. [6]

The LEGO Movie

Courtesy of Forbes

This 3D animated film is this year’s unexpected hit. Starring the voices of Christ Pratt, Will Ferrell, Elizabeth Banks, Liam Neeson, Morgan Freeman and Will Arnett, the film tells the story of an ordinary LEGO construction worker, mini-figure who joins a quest to stop an evil tyrant from destroying their world. [8]

The film’s mass appeal to both children and adults contributed to the film’s success at the box office. The studio has already announced a sequel for the film, potentially starting a new franchise for Warner Bros. As of now, the sequel is set to be released in 2017. Jared Stern and Michelle Morgan were hired to pen the script for the sequel, but it is still unknown whether writer/director of the first film, Phil Lord and Chris Miller will return. The plot is also still yet to be determined. [9]

The film received an average review score of 82 out of 100 on Metacritic, indicating an universal acclaim from critics. The film’s release was the second best opening weekend for the month of February, behind Mel Gibson’s The Passion of the Christ. Grossing over $400 million to this date on a $60 million budget, the film is projected to continue its success in Blu-Ray and DVD sales. [10] [11]

300: Rise of an Empire

Courtesy of Nerdlocker

7 years after the release of their blockbuster film, 300, the studio finally released the long anticipated sequel on March 7 of this year. The film was initially scheduled to be released last August, but due to unknown circumstances, the film was pushed back to March of this year. Based on Frank Miller’s yet to be published graphic novel Xerxes, the film tells a story of Greek general Themistokles, and his charge against the Persian forces led by Xerxes and Artemisia. Zack Synder, who directed the first film in the series, served as the writer and producer for this film. [12]

As of April, the film has grossed over $300 million on a $110 million budget. 67.9% of the total gross comes from the international market. Compared to its predecessors, the film is not as successful, but still on a good track thanks to the international market. On the critic side, the film had a similar average review score with its predecessor, scoring 48 out of 100 on Metacritic, indicating mixed or average reviews. Fans of the first film have criticized the storyline, but praised the visual style. [13] [14]

86th Academy Awards

Courtesy of International Business Times

In addition to the financial success for Warner Brothers Pictures, the studio also collected 21 nominations at the 86th Academy Awards, personal best for Warner Brothers. Gravity, which was released last October, tied with American Hustle for most nominations. By the end of the night, Gravity won seven awards, including Best Director for Alfonso Cuaron, who was the first Hispanic director to ever win in the category. Spike Jonze’ Her also received 5 nominations, including Best Picture. The film eventually won Best Writing for an original screenplay. The studio won a total of 10 Oscars by the end of the night. [15]

Financial

In 2013, Warners Brothers Pictures had the most successful theatrical year in company history, taking the number one spot in domestic, international and worldwide box office. The studio cumulated $1.893 billion in domestic box office, and $3.145 in international box office, surpassing the $5 billion mark, which is the first for the studio and only the second time that the feat has been achieved by any studio in Hollywood. Bolstered by the successes of films like The Hobbit: The Desolation of Smaug, Gravity, and Man of Steel, Warners Brothers was able to beat other major competitors like Disney. [1] [16] [17]

Coming Soon…

Warner Brothers Pictures will be releasing Transcendence, starring Johnny Depp, and directed by cinematographer, Wally Pfister, making his directional debut. Pfister is a usual collaborator of Christopher Nolan, known for The Dark Knight and Inception. As of now, the critical reception has mostly been negative, which can greatly impact the box office result. Hoping to continue their success from last year, they will be releasing more blockbusters as we approach the summer season. Godzilla, Edge of Tomorrow and Jupiter Ascending are other films that are slated to be released later this year. [18]

Sources

[1] Warner Bros. Pictures

[6] The Hobbit Box Office Mojo

[7] The Hobbit Metacritic

[8] The LEGO Movie IMDB

[9] Cinema Blend, The LEGO Movie Sequel

[10] The LEGO Movie Metacritic

[11] The LEGO Movie Box Office Mojo

[12] 300: Rise of an Empire on IMDB

[13] 300: Rise of an Empire Box Office Mojo

[14] 300: Rise of an Empire Metacritic

[15] The Hollywood Reporter Oscar Coverage

[16] Warner Bros. Leads Global Market Share

[17] Comingsoon.net Warner Bros. Pictures 2013 Box Office

[18] Deadline Hollywood coverage on WonderCon

Time Warner

Posted on November 7, 2013 by Isabel Sherman

By Isabel Sherman

Time Warner Logo [1]

Time Warner Inc.
One Time Warner Center
New York, NY 10019-8016
Phone Number: 212-484-8000
www.timewarner.com

Key Executives:

Jeff Bewkes- Chairman of the Board and CEO, Time Warner Inc. [1]

John K. Martin-
Chief Financial and Administrative Officer, Time Warner Inc. [1]

Howard M. Averill- Senior Vice President and Deputy Chief Financial Officer of Time Warner Inc. [1]

Paul T. Cappuccio- Executive Vice President and General Counsel of Time Warner Inc. [1]

Gary L. Ginsberg- Executive Vice President of Corporate Marketing and Communications at Time Warner Inc. [1]

For more information on executives click here.

About Time Warner Inc.:

[1]

[1]

[1]

Time Warner Inc. is a multinational media corporation that provides high-quality media and entertainment content through varied outlets. It is one of the largest media conglomerates in the world. [16] It has businesses in television networks, film and television shows, and publishing. The company’s four operating divisions are Home Box Office (HBO), Time Inc., Turner Broadcasting System and Warner Bros. Entertainment. [1]

[31] Visual representation of Time Warner’s TV assets

Time Inc. runs consumer titles including People, Time, and Fortune. [16]

Warner Bros Entertainment runs Warner Bros. Pictures, New Line Cinema, Warner Bros. Television Group, and DC Entertainment. [1]

[37] Turner Broadcasting’s Brands

Turner Broadcasting operates some of the leading cable TV networks CNN, HLN, TNT, TBS, AdultSwim, Turner Sports, TCM, truTV, and Cartoon Network. Cartoon Network is a go-to channel for kids. CNN is the original 24-hour news network and delivers news to global audiences across all platforms. [1]

HBO is the most successful TV-service in the world. In 2012 it was the number one domestic premium pay television service in primetime and total day ratings. As of 2013, there are approximately 114 million HBO and Cinemax cable subscribers worldwide. There are 8.5 million registered users on HBO GO, which is an unlimited access online/tablet/smart-phone service to watch HBO shows and movies that comes free with an HBO subscription. [1] Current popular HBO shows include The Newsroom, Girls, Veep, True Blood and Game of Thrones. [4]

[18] Girls – A show about 20-something girls in New York created by Lena Dunham is currently filming it’s third season, set to air in January

[33] The Newsroom – A political drama series created by Aaron Sorkin just finished its second season on HBO

Competitors:

Major competitors to Time Warner Inc. include NBC Universal, 21st Century Fox, and The Walt Disney Company. [16]

A Brief History Starting with the Warner Brothers in 1923……

[36] A graphic representing the unsuccessful merger of Time Warner and AOL that led to its split in 2009

In 1923, Polish immigrant brothers, the Warners, created the film company Warner Brothers Pictures Inc. in Los Angelos. [2] In 1972, Kinney National Company bought Warner Bros. and established Warner Communications (WCI). [2] In 1989, Time Inc., which was at the time, the third largest cable operator in the country, merged with WCI and Time Warner was formed. [3] The company purchased Turner Broadcasting System in 1996. [3] In January 2001, a $106 billion merger between AOL and Time Warner was approved. [2] The company was called AOL Time Warner, but in 2003 it became just Time Warner. [3] In 2009, Time Warner split with AOL. [2]

Financials:

Time Warner is publicly traded under the NYSE with the symbol TWX.

Chart over the last three months (Sept. 18-Nov. 18) Visible upward trend [38]

The third quarter for the company ended September 30, 2013. [6]

IMPORTANT STATS FROM 3RD QUARTER:

44 percent increase in earnings from $822 million for the same quarter a year ago to $1.18 billion for the third quarter of 2013 [5]
HBO and Turner’s channels provided the biggest increase for Time Warner in the quarter, revenue rose by $182 million to $3.5 billion, increasing 5% [5]
Adjusted Operating Income increased 8% to $1.7 billion [6]
Adjusted Operating Income margins increased year-over-year for the eighth time in the last nine  quarters [6]

OTHER RECENT STATS:

TBS Logo [20]

At Turner, as of September, TBS was the #2 ad-supported cable network in primetime for adults 18-34 and 18-49 [6]

TNT Logo [21]

CNN Logo [22]

TNT finished the quarter (in September) as the #2 network among adults 25-54 in total day time ratings [6]

Total day ratings for CNN in its key demographic increased by 15% (September) [6]

[25]

[32] Boardwalk Empire took home 5 Emmys on September 22

September 22, 2013: HBO received 27 Primetime Emmy Awards, for series including Veep, The Newsroom, 5 for Boardwalk Empire and 11 for the HBO movie Behind the Candelabra. [25] This is the 12th year in the row that HBO has the highest number of Emmy Awards than other station) [6]

[1]Gravity was released October 4, 2013 and has made $234,279,000 so far. [29]

Alfonso Cuaron’s 3D space movie, Gravity, was the top October opening of all-time. It debuted to $55.8 million in North America. Sandra Bullock and George Clooney star in the movie. The movie contributes to Time Warner Inc.’s total revenue. [19]

RECENT NEWS:

Home Box Office:

September 2013: HBO is set to release a new series, Looking, which stars Jonathon Groff, best known for Glee and the broadway show, Spring Awakening. The series centers on the life of three gay friends living in San Francisco. The show is created by Andrew Haigh and is set to be released Sunday, January 19^th at 10:30 p.m. on HBO. It is currently filming in San Francisco. [9]

“Looking” Season 1 Trailer [8]

[23] Susan Lacy and her Emmy Awards for American Masters and Inventing David Geffen

September 2013: Susan Lacy is moving from PBS to HBO to produce and direct documentaries for HBO. She is best known as the creator and executive producer of American Masters, a television series that documents the history of icons of American culture. [17] As well as numerous Emmys for American Masters, Lacy has received an Emmy for “Outstanding Documentary or Non-Fiction series” for Inventing David Geffen. [17]

[24] Susan Lacy produced and directed under PBS before she signed the multiyear deal with HBO

[30] Poster for Valentine Road which premiered October 7th on HBO

October 2013: The documentary Valentine Road, directed by Marta Cunningham, premiered on HBO, based on an 2008 shooting at a junior high school in Oxnard, Calif. The movie premiered as a part of National Bullying Prevention Month. [11]

Read an interview with the director here:

Variety Article: Interview with Valentine Road Director

November 2013 – HBO signs John Oliver to star is a comedy series set to start in January 2014. The show will be weekly on Sunday nights and will take a satirical view on the news and current events. John Oliver will be leaving The Daily Show with John Stewart to join the HBO family. [10]

John Oliver [10] on the Daily Show

Turner Broadcasting System:

[28]

October 2013: Turner Broadcasting and Verizon announced a multi-year renewal agreement to provide Turner’s Networks, including CNN, TBS, TNT and Cartoon Network, to Verizon FiOS TV subscribers across a plethora of platforms. This is a long term distribution agreement that will give FiOS TV subscribers’ access to a large array of on-demand programming. [26]

[27]

October 2013: A disagreement over prices between Cable ONE and Turner Broadcasting led Turner to cut channels from Cable ONE on October 1, 2013. [13] A Cable ONE press release stated that Turner Broadcasting wanted an almost 50% increase in price for the channels. It was the largest recess of channels in the company’s history. [14] Cable ONE has 730,000 customers in 19 states and is the 10th largest cable company in the U.S. [14] On October 26, 2013 Cable ONE, according to The Anniston Star, “has reached an agreement with Turner Broadcasting System Inc. to restore Cable One’s carriage of Turner’s channels CNN, CNN en Espanol, HLN, Turner Classic Movies, TNT, TBS, Cartoon Network, truTV and Boomerang.” [13]

[35] Miami Heat opening night game

October 2013: TNT showed exclusive NBA coverage of the Miami Heat against the Chicago Bulls game on Tuesday, Oct. 29, at 8 p.m. ET. The game was the second highest-rated and most-viewed opening night game in network history with 5.4 million viewers and a 3.3 U.S. rating. [7]

[34] Jack Black guest-starring on Conan

November 2013 : Turner Broadcasting is being forced to pay a $25,000 fine by the Federal Communications Commission. [15] In April 2012, a promotional gag for TBS’ Conan used the emergency weather tones to gain attention for a commercial advertising the appearance of Jack Black on the show. The FCC has warned broadcasters not to air the real EAS tones for any reason other than airing a real alert or a test to avoid panicking the public. [15]

Sources:

[1] Time Warner Website

[2] Britannica: Time Warner Inc.

[3] History of Time Warner

[4] Time Warner: About HBO

[5] NY TImes: Time Warner Profits

[6] TWX_3Q13 Earnings Report

[7] TNT Chicago Bulls Vs. Miami Heat Press Release

[8] Looking Season 1 Trailer

[9] About the New HBO Series

[10] HBO- John Oliver

[11] NYTimes Valentine Road

[12] Time Inc. to Split from Time Warner

[13] CableOne Dispute Resolved

[14] CableOne Agreement with Turner

[15] FCC Fines For Conan Ad.

[16] Hoovers- Time Warner

[17] NYTimes Susan Lacy Leaves PBS

[18] Girls Poster

[19] Hollywood Reporter – Gravity

[20] TBS Logo

[21] TNT Logo

[22] CNN Logo

[23] Susan Lacy

[24] PBS Logo

[25] Reuters: Emmy’s Recap

[26] Turner-Verizon Deal

[27] Cable One

[28] FiOS Verizon

[29] Box Office Mojo- Gravity

[30] Valentine Road

[31] Neatorama- Time Warner

[32] Boardwalk Empire Poster

[33] The Newsroom Poster

[34] Jack Black on Conan – FCC Fine

[35] Miami Heat Picture

[36] Split of AOL and Time Warner

[37] Turner Broadcasting Brands Image

[38] Yahoo Finance – TWX

Universal Pictures

Posted on October 28, 2013 by Lukas Lamble

By Luke Lamble

Universal Pictures logo

History

Founded in 1912, Universal Pictures, Inc. is the oldest American movie studio and continues to be a leader in the world of motion picture production and distribution. [1] In 2004, General Electric bought Universal Pictures. [2] GE sold all of its control of Universal in 2011 to the cable provider, Comcast, creating NBCUniversal. Universal Pictures still operates as the movie production subsidiary. [3] In 2012 alone, Universal has produced a diverse selection of award-winning movies such as the film production of Les Misérables and the comedy hit, Ted. [4]

Key Executives [5]

Ron Meyer (nbcumv.com)

Ron Meyer – Vice Chairman, NBCUniversal

Meyer served as President and COO of Universal Pictures since 1995 before being made Vice Chairman of NBCUniversal in September 2013. He currently oversees all facets of the company, while still managing its portfolio of film assets amongst others

Donna Langley (nbcumv.com)

Donna Langley – Chairman, Universal Pictures

Langley began working at Universal in 2001 as the senior vice president of production. After being named Chairman of Universal Pictures in September 2013, she assumed the role of overseeing the production and distribution of the company’s feature films.

Suzanne Cole (nbcumv.com)

Suzanne Cole – Executive VP, Media, Universal Pictures

Since the beginning of her tenure at Universal Pictures, the studio has experienced some of its most lucrative successes. Because of this success, Cole was named Executive Vice President of Media in 2008. She now oversees all strategic activities for the marketing and distribution of the studio’s feature films.

Financials (all numbers in millions)

Recent years have been good for Universal Pictures and its parent NBCUniversal. From 2011 to 2012, revenue for NBCUniversal grew by almost $5,000, from $19,028 to $23,812. Filmed entertainment was responsible for approximately 21% of the total revenue in 2012, generating $5,159. That was up from $4,239 generated by Universal Pictures in 2011. [6]

NBCUniversal logo

In regards to how Universal Pictures measured up against the five other major movie studios, so far in 2013, Universal holds a 14.6% market share amongst all the studios, placing it second behind Warner Brothers. This year Universal Pictures has grossed $1,329.3 from the release of 13 movies. [7]

Competition

The main concern for NBCUniversal and Universal Pictures right now is the new technologies that are affecting traditional media production and distribution methods. This is referring mainly to companies like Netflix and Hulu that syndicate video programming online. A growing concern is that these companies and others like them are beginning to create and obtain their own original content. [8]

Recent Film Releases

Universal Pictures has developed a reputation for having great success with movie franchises with such iconic franchises such as Back to the Future, Jurassic Park, and the Bourne series. [9] In 2013, Universal stuck with this trend and reaped the benefits of new installments in the Despicable Me and Fast & Furious series, amongst an eclectic mix of other successful films. [10]

The Best Man Holiday

A sequel to 1999’s The Best Man, The Best Man Holiday picks right up with the old college friends from the The Best Man, as they all reconvene for some Christmas celebrations. Amidst all the fun times, sparks of old romances begin to rekindle and old rivalries that had faded away over time arise again. Taye Diggs, Terrence Howard, Morris Chestnut, Monica Calhoun, and Regina Hall star in this quintessential holiday comedy-drama written and directed by Malcolm D. Lee. [11]

The Best Man Holiday (vibe.com)

Released on November 15, 2013, in just three days The Best Man Holiday has nearly doubled its budget so far, bringing in $32,536,350. That’s also $6.5 million over the $24 million it was projected to earn. [12] Tagged as “just another black comedy,” The Best Man Holiday has not only offered more evidence that generally black films can succeed, but that this is no typical movie by any sense, except for the fact that it is generally crowd-pleasing. (No particular race or age group dominantly represents itself in the film’s audience demographics). In fact, CinemaScore even gave the movie an A+, an extremely rare feat for any film. [13]

Despicable Me 2

Gru (Steve Carell), a former master villain, has settled into family life after adopting and coming to love his three daughters, but peace and quiet is not lasting for the villain-turned-hero, as he is called upon to save the world from a new super-villain. And just as the world needs Gru’s help, so does his eldest daughter who has fallen for a classic bad-boy and an inevitable source of heartbreak. Kristen Wiig and Benjamin Bratt star alongside Carell in this story of one former villain’s attempt to be a hero for the world and for his own family. [14]

Despicable Me 2 (ropeofsilicon.com)

The original Despicable Me (2010) was a tremendous release for Universal, ranking seventh all-time amongst its highest grossing movies by bringing in $251,513,985 domestically. On July 3, 2013, Despicable Me 2 was released and has shattered that record, becoming the all-time highest grossing movie for Universal Pictures with $365,943,520 of domestic revenue. This income has far surpassed the film’s production budget of $76 million, and that’s not even factoring in its performance in the worldwide box office. To the delight of the studio, 60.1% of the movie’s total revenue came from foreign releases, grossing $550,100,000 worldwide. All in all, Despicable Me 2 has brought in $916,043,520 for Universal Studios, and subsequently, is still playing in 305 theaters across the U.S. [15]

Fast & Furious 6

The very CIA agent who has been trying to track them down in order to defeat a new crew of criminal drivers who are causing chaos in twelve countries across the world calls upon refugees of the law. In an effort to be pardoned from the charges against themselves, Dom and Brian (Vin Diesel and Paul Walker) get their old gang of expert drivers back together to take to the streets of London and defeat these mercenary drivers. Vin Diesel, Paul Walker, and Dwayne “The Rock” Johnson star in this pedal-to-the-metal thriller. [16]

Fast & Furious 6 (teaser-trailer.com)

The sixth film in the Fast & Furious series was the most successful installment to date for the studio, becoming its ninth highest grossing film of all time, and reaping in the most revenue of all the Fast & Furious films. Fast & Furious 6 generated $238,679,850 for Universal, making it the second highest grossing film of 2013 behind Despicable Me 2. In the worldwide box office, Fast & Furious 6 brought in another $550 million, bringing its total gross to a lofty $788,659,850. Given the $160 million budget, Universal Pictures had another major box office winner with this film. [17]

What’s to Come from Universal Studios

Fast & Furious 7

Fast & Furious 7 (hitfix.com)

Just a little over a year after Fast & Furious 6 came out, the seventh is already on its way, slated for a July, 2014 release date. This time, the brother of the defeated world-criminal from Fast & Furious 6 has come onto the scene seeking revenge for his brother’s death. [18]

Ted 2

Ted 2 (collider.com)

Universal Pictures also has plans to release the sequel to its wildly successful, raucous comedy Ted. However, Universal did not produce the original, but acquired the rights to it and distributed it as a Universal Pictures film. Despite not having the rights yet, the studio is confident it will be able to secure them and go forward with production of the sequel. [19]

Sources

[1] Universal Pictures History

[2] NBC and Vivendi Universal Entertainment Unite to Create NBC Universal