Paramount Global’s stock price shot up more than 10% in early trading Tuesday following the news that Warren Buffett’s Berkshire Hathaway has scooped up more than $2 billion worth of shares in the company in recent months. Paramount stock opened Tuesday at $28.47 after closing Monday at $28.02, before Berkshire Hathaway’s stock purchases were disclosed
Month: May 2022
In the latest twist in Elon Musk’s will-he-or-won’t-he Twitter buyout saga, the billionaire is demanding hard proof of the social network’s assertion that less than 5% of its users are fake accounts or spam bots — and he said the deal cannot “move forward” until Twitter does so. Without citing any evidence for his claim,
“Wheel of Fortune” is going on its first-ever live tour. “Wheel of Fortune Live!” is set to travel across North America for a tour of over 60 dates starting on September 8, offering fans a unique experience of the massively popular game show. The tour is produced by Right Angle Entertainment in partnership with Sony
Rumors first circulated in February that Tom Holland’s “Spider-Man” director Jon Watts was circling a “Star Wars” television series at Disney+, but a new report from Vanity Fair now confirms the show. Lucasfilm gave no plot details about the project. Vanity Fair reports the show is being developed under the code name “Grammar Rodeo,” which
Netflix signed a multiyear services renewal with VFX and animation company DNEG, under which the streamer expects to spend at least $350 million with the company through 2025. The non-exclusive agreement covers the provision of visual effects and virtual production services by DNEG for Netflix series and movies through September 2025. The new deal extends
Ryan Gosling is tipped to star in “The Fall Guy,” a feature film adaptation of the iconic 1980s TV series, that will shoot in Sydney, Australia. The original series, which ran 1981-1986, was created by Glen A. Larson and starred Lee Majors as a Hollywood stunt man. To make ends meet, he has a side
Bleecker Street has bought the U.S. rights for writer-director Frances O’Connor’s directorial debut, “Emily,” which tells the story of author Emily Brontë’s real-life romance in the lead up to her seminal novel, “Wuthering Heights.” Bleecker Street is planning a 2023 theatrical release Stateside, while Warner Bros. will open the film wide in U.K. cinemas. Promotional
Not every marketer is likely to get its commercials on a new ad-supported version of Disney+. The popular streaming service — home to Marvel movies, the “Star Wars” series and hours of signature kids’ programming — is about to unveil a new ad-supported tier, part of a broader move by big entertainment companies like Disney
Amber Heard claims that Warner Bros. “didn’t want to include me” in the upcoming “Aquaman” sequel due to the fallout of her divorce from Johnny Depp. The actor said during her defamation trial against Depp that she was “actively scheduling timing for filming” the second “Aquaman” movie until Depp’s team called her a liar regarding
With “Final Cut,” Oscar-winning filmmaker Michel Hazanavicius has to convince audiences that he’s a very bad director. At least for the first 20 minutes or so of the movie within a movie. You see, “Final Cut,” a remake of the 2017 Japanese cult favorite, “One Cut of the Dead,” initially unspools as a low-budget zombie
Barcelona-based Film Factory Entertainment has acquired international sales rights to horror-thriller “El Cuco” (“The Cuckoo’s Curse”), the latest film by “The Photographer of Mauthausen” and “Two” producer-director Mar Targarona, set up at top Spanish genre auteur house Rodar y Rodar. Vicente Canales’ Film Factory, one of the biggest sales forces in the Spanish-speaking world, is
John Woo’s “Silent Night” recently wrapped principal photography in Mexico City. The film is the first U.S. action movie directed by the iconic helmer Woo in more than a decade. In “Silent Night,” Godlock (played by Joel Kinnaman) is a father on a mission to avenge his young son who was tragically caught in the crossfire
Marie Kreutzer’s “Corsage,” which premieres in the Un Certain Regard section of the Cannes Film Festival, has debuted its first clip exclusively with Variety (below). MK2 Films is handling international sales. Ad Vitam will distribute the film in France. “Corsage” stars Vicky Krieps, who broke out in the Oscar nominated “Phantom Thread.” Last year, she
As the global film industry emerges from the worst of the pandemic — and wide-ranging consolidation in the U.S. puts studio and streaming strategies in disarray — representatives for CAA, UTA and WME Independent say international distributors are more important than ever to their businesses. That claim will be put to the test at this
U.K.-based sales firm 101 Films Intl., part of Amcomri Entertainment, has secured worldwide distribution rights to apocalyptic thriller “Left Behind: Rise of the Antichrist,” the recently completed sequel to 2014’s “Left Behind,” which featured Nicolas Cage. The movie is available for the first time at the Cannes Film Market this week. In “Left Behind: Rise
“Snowpiercer” producer Tomorrow Studios has struck a first-look deal with Frank Spotnitz’s London-based production company Big Light Prods. Under the deal, Tomorrow Studios will tap into Big Light’s network of established and emerging writers and its pursuit of IP for projects to produce together under one development slate. Big Light Prods. specializes in returning and
“The Boy Who Belonged to the Sea,” the multiple award-winning 2001 novel by Canadian author Denis Theriault, has been acquired for film adaptation by fledgeling U.K. outfit the White Lotus Picture Company. Set on the rugged north shore of the Gulf of St. Lawrence, Canada, the novel tells the story of two lonely boys united
Ukrainian filmmaker Oleh Sentsov and producer Denis Ivanov are teaming up again after their last collaboration, the ‘90s-set crime drama “Rhino,” premiered in the Venice Film Festival’s Horizons sidebar last year. The new feature, “Shining World,” centers on a mother and her young son living in a small American town in the 1960s. Described by
Tom Hanks, Jodie Comer, Olivia Colman, David Cronenberg and Richard Linklater head projects at a Cannes 2022 pre-sales market that looks like the most buoyant in recent years, while also ushering in what is being hailed as a new era in global rights licensing. “We’re very optimistic, expecting a pretty busy market with a lot
WestEnd Films has closed a series of new deals on “Out of the Blue,” an upcoming thriller that brings together Neil LaBute and Diane Kruger. Rights for the film, which LaBute writes and directs, have gone to Australia and New Zealand (Kismet Movies), France (Metropolitan Filmexport), Germany (Koch Films), Spain (A Contracorriente Films), Italy (Eagle
British director Michael Winterbottom will start shooting his long-gestating “Promised Land,” a thriller set during the leadup to the 1948 partition of Palestine and the subsequent creation of the state of Israel, this fall in Italy. U.K. actors Douglas Booth (“The Dirt,” “That Dirty Black Bag”) and Harry Melling (“The Ballad of Buster Scruggs”) and
Filmax has swooped in on one of Spain’s most awaited fiction feature debuts of 2022, Alex Lora’s “Unicorns” (“Unicornios”). Pic is produced by Inicia Films’ Valerie Delpierre, producer of director Carla Simon’s debut, “Summer 1993.” Due to be completed by the fall, “Unicorns” is made with Valencia’s Jaibo, the shingle behind Chema García’s Locarno hit
As the war in Ukraine approaches a grim, three-month mile marker, and the Russian military continues its relentless onslaught, the harsh crackdown on domestic opposition by the Putin regime has left a beleaguered film industry pondering its next steps. Many Russian filmmakers fear they’ll have no choice but to toe the party line, or to
Malaysia is set to increase the value of its location-based incentives from the current 30% to 35%, the government is expected to announce this week in Cannes. The Film in Malaysia Incentive (FIMI) was launched in 2013, around the time that the Iskandar Malaysia studios were opened in the south of the country, and is
“Naomi Judd: A River of Time Celebration” was broadcast live on CMT Sunday night two weeks and one day after the country music legend died. But it hadn’t been half that long in the planning. The show’s gestation really came just a week prior to air date, on — appropriately enough — Mother’s Day. That
SPOILER ALERT: Do not read if you have not yet watched “A Bright and Cloudless Morning,” the May 16 season finale of “9-1-1: Lone Star.” The third season of “9-1-1: Lone Star” came to an end Monday with a moment years in the making: T.K. (Ronen Rubinstein) proposing to his boyfriend Carlos (Rafael Silva). It’s
SPOILER ALERT: Do not read if you have not watched the sixth episode of “Better Call Saul” Season 6, titled “Axe and Grind.” Giancarlo Esposito didn’t appear in the latest episode of “Better Call Saul,” but that was because he was busy behind the camera directing this crucial episode, the penultimate entry in Season 6’s
Warren Buffett’s Berkshire Hathaway invested about $2.6 billion in Paramount Global during the first quarter of 2022, according to a Securites and Exchange Commission filing that disclosed the quarterly stock trading activity of his Berkshire Hathaway holding company. The 91-year-old Buffett, who serves as the owner and CEO of Berkshire Hathaway, has garnered the reputation
AWARDS CIRCUIT COLUMN: How the Emmys Dumped ‘Primetime’ to Focus on Genre, As We Move Closer to a Post-Linear Era We live in an on-demand age where viewers can watch late night talk shows in the morning, soap operas at midnight and game shows all hours of the day. What’s even a daypart anymore? It’s
(SPOLER ALERT: Do not read if you have not yet watched “Starting Over,” the May 16 season finale of “9-1-1.”) “9-1-1” gave its characters a well-deserved break with its Season 5 finale Monday. Almost everyone got a happy ending of sorts, with the exception of Buck (Oliver Stark) and Taylor’s (Megan West) complicated relationship, which
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