Month: May 2022

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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
“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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments