Production Update: Wanda’s Buyout of Dick Clark Productions Falls Apart February 22, 2017 FilmTake Comments Off on Update: Wanda’s Buyout of Dick Clark Productions Falls Apart Update: Dick Clark Productions sues Dalian Wanda for $25 million after the Chinese conglomerate failed to complete it’s $1.07 billion buyout.
Distribution Power Failure for Voltage Pictures Deal February 21, 2017 FilmTake Comments Off on Power Failure for Voltage Pictures Deal Xinke, a Chinese copper processing company revoked their offer to acquire 80% of Voltage Pictures for $350 million.
Distribution Paramount Pictures: How Not to Run a Studio February 19, 2017 FilmTake Comments Off on Paramount Pictures: How Not to Run a Studio In an unsurprising decision that many industry followers have expected, Paramount Pictures’ CEO Brad Grey is leaving the studio after 12 years.
Exhibition China Expected to Officially Expand Film Quotas February 12, 2017 FilmTake Comments Off on China Expected to Officially Expand Film Quotas China’s top film regulator, announced through state-run news sources that a quota expansion is likely in the coming months.
Production China Warns the US About Protecting Media Assets February 12, 2017 FilmTake Comments Off on China Warns the US About Protecting Media Assets Wang Jianlin, chairman of Wanda Group, warned the U.S. last week against implementing protectionist measures for media assets.
Distribution European Film Market: Netflix and Amazon Propel Competition February 12, 2017 FilmTake Comments Off on European Film Market: Netflix and Amazon Propel Competition Love them or hate them, Netflix and Amazon are shaking loose cobwebs from the film market. The momentum from Sundance has sellers optimistic.
Distribution Leaderless Sony Pictures $1 Billion Writedown February 5, 2017 FilmTake Comments Off on Leaderless Sony Pictures $1 Billion Writedown After $1 billion writedown Sony Corp. announced that it does not plan to sell Sony Pictures. The company is under pressure to sell after mounting losses.
Production Can Lionsgate Challenge the Studios Once Again? February 4, 2017 FilmTake Comments Off on Can Lionsgate Challenge the Studios Once Again? After a string of massive hits, Lionsgate traveled full circle in 2016 when its top-grossing domestic film was Boo! A Medea Halloween.