Distribution – Page 7

UPDATED: China’s Recon Group Plans Buyout of Millennium Films

March 5, 2017 FilmTake Comments Off

China’s Recon Group plans to buy a majority stake in genre-distributor Millennium Films for $100 million.

Distribution

Power Failure for Voltage Pictures Deal

February 21, 2017 FilmTake Comments Off

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

In an unsurprising decision that many industry followers have expected, Paramount Pictures’ CEO Brad Grey is leaving the studio after 12 years.

European Film Market: Netflix and Amazon Propel Competition

February 12, 2017 FilmTake Comments Off

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

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.

Hollywood’s Growing Dependency on Chinese Capital

January 29, 2017 FilmTake Comments Off

The media industry’s increasing dependence on Chinese capital sets up a crisis once the chickens of China’s property market come home to roost.

Will the European Commission Destroy Film Markets?

December 8, 2016 FilmTake Comments Off

Is the European Commission’s Digital Single Market strategy destroying Europe’s independent film business in favor US-based technology firms?

Unofficially Relaxing Film Quotas in China

November 18, 2016 FilmTake Comments Off

The unofficial expansion of the Chinese film quota system is taking place right now. So far in 2016 over 40 revenue-sharing films have screened.

Buying Spree Continues with Voltage Pictures

November 14, 2016 FilmTake Comments Off

Xinke New Materials is acquiring an 80% stake in Nicolas Chartier’s Voltage Pictures. The acquisition amount will range between $345 and $518M.

Update: Relativity Media Lawsuit Against Netflix

October 31, 2016 FilmTake Comments Off

The lawsuit never mentions the figure $1.5 billion that was widely ceased upon, and instead, opts for – “amount to be proven at trial.”

Update: Relativity Media Lobs Litigation at Netflix

October 20, 2016 FilmTake Comments Off

Relativity filed a $1.5B lawsuit against Netflix claiming breach of contract and trade libel, which a Netflix’s spokesperson called “baseless and ironic.”

Distribution

UPDATE: Likely Liquidation for Relativity & Lionsgate Buyout

October 16, 2016 FilmTake Comments Off

Relativity could soon hold the dubious distinction of becoming the fastest company in U.S. corporate history to go bust after restructuring.

More Trouble for the Starz and Lionsgate Merger

September 5, 2016 FilmTake Comments Off

A Starz Entertainment shareholder on Tuesday August 30th 2016 challenged the company’s proposed $4.4B merger with Lions Gate Entertainment.

Distribution

Paramount Concedes to the European Commission

August 30, 2016 FilmTake Comments Off

Paramount Pictures made several commitments to the European Commission in their antitrust case against US studios and EU broadcasters.

Rush to Offshore

January 23, 2016 FilmTake Comments Off

China’s Perfect World Pictures will co-finance 25% of Universal’s B-slate over five years. The $500 million deal is the second major tie-up in a week.

Relativity’s Teflon Kavanaugh and Judge Wiles

January 21, 2016 FilmTake Comments Off

Will Relativity’s Kavanaugh be able to escape the legal actions in connection with misappropriating $10 million in P&A capital used to prop up the company?

Legal: W2 2016

January 13, 2016 FilmTake Comments Off

The makers of the Machete film franchise did not have their constitutional rights violated when Texas denied their application for a film incentive grant.

Distribution

Legal: W52 2015

December 24, 2015 FilmTake Comments Off

A group of small cable providers have complained to the FCC that content providers like AMC Networks Inc. hold too much leverage in carriage negotiations.

Insight: eOne Theatrical Revenues Decline

December 16, 2015 FilmTake Comments Off

In an attempt to cash-in on the television boom, eOne is building a greater presence in the U.S. But is eOne’s rush into television too little too late?