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Posts Tagged ‘Dreamworks’

Morning Media Newsfeed: Oprah Eyes Clippers | Viacom to Buy Channel 5 | Time Warner Profits Soar

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Oprah Considering Los Angeles Clippers Bid (ESPN)
Oprah Winfrey, David Geffen and Larry Ellison will join together in a bid to buy the Los Angeles Clippers if the NBA’s board of governors votes to force Donald Sterling to sell the team, Geffen said Wednesday. FishbowlNY Others interested in buying the Clippers include Diddy (he even created his own hashtag #DiddyBuyTheClippers) and Floyd Mayweather. THR The OWN Network founder would pair with music mogul Geffen and Oracle co-founder Ellison in an investor role. On Tuesday, NBA commissioner Adam Silver pledged to force the sale of the Clippers after audio recordings of racist remarks made by owner Donald Sterling surfaced on TMZ days earlier. Sterling, who has owned the Clippers franchise since 1981, faces a ban from attending all NBA games as well as making any business decisions for the team. LA Times / Sports Now Winfrey, in reference to Sterling’s comments, told TMZ on Tuesday that “the plantation days are over.” She also denied having interest in purchasing the team on her own. However, Winfrey’s spokesperson, Nicole Nichols, issued a statement Wednesday confirming that she’s in talks about becoming an investor. Reuters The advisory finance committee of the NBA’s governing board scheduled a meeting for Thursday to review the next steps for forcing a sale of the Clippers, as urged on Tuesday by NBA commissioner Adam Silver, a league spokeswoman said. Sterling, who bought the Clippers in 1981 for $13 million when the team was based in San Diego, has not indicated whether he would relinquish ownership without a fight. Experts have estimated that the franchise, which moved to Los Angeles in 1984, could now be worth as much as $800 million.

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Is DreamWorks In The Middle Of A Nightmare?

dreamworkslogo3.jpgDreamWorks, in its new form with co-chairs Steven Spielberg and Stacey Snider, is having a tough time raising the money to cover their half of the deal with India’s Reliance Big Entertainment, according to Variety.

Reliance will ideally put up $500 million against $750 million that DreamWorks would raise. But credit issues as they are have put a slight crimp in their plans.

DreamWorks has only been able to raise $75 million so far through bridge loan from JPMorgan Bank. Other banks are balking.

Meanwhile, DreamWorks is on the hook right away for $20 million to acquire the 17 projects they were making at Paramount. And they’ve already been notified that Reliance is only providing as much as DreamWorks can raise. So it’s kind of like fish or cut bait time.

Inside DreamWorks sources were tight-lipped as well, though one executive told FBLA that DreamWorks relationship to Reliance is solid and not going away.

At this point, no one is quite sure how this will play out. The credit crunch has scared most of the major banks out of the water and DreamWorks is struggling for its deal to stay afloat.

Variety is chiding DreamWorks for foresaking its Paramount deal. But that may be misplaced spite as DreamWorks is happy to be free and clear to set up its production process to the highest bidder. Presumably, Universal was coming back into the DreamWorks fold, but that’s in question now too.

The Reliance money came in handy to the studio, perhaps even moreso with the worldwide credit crunch spurred by Wall Street.

Annie Awards Won’t Excise Oscars, But Will Probably Be More Fun

kungfu.jpgMaybe it’s the Jack Black influence.

DreamWorks “Kung Fu Panda” dominated the nominations for the 36th Annual Annie Awards with 17 nods for best animated feature, character animation, character design, directing, music, production design, storyboarding, voice work and writing, Variety reported.

Pixar’s “Wall.E,” Disney’s “Bolt,” Sony Pictures Classic/Bridgit Folman’s “Waltz With Bashir” and Sherman Pictures/Lama Films’ “$9.99″ round out the field for best feature.

Other nominations are below:

The Annies will be given out Jan. 20 at UCLA’s Royce Hall.

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DreamWorks Fills Geffen Seat With Geffen…Well, Sort Of

geffen3.jpgFormer DreamWorks partner David Geffen has found a not unexpected approach to maintaining his legacy after leaving the company — he filled his seat on the DreamWorks Animation board of directors with the CEO of his own David Geffen Co., Variety reported.

That’s the way to stay in the mix, Dave.

Spielberg And Will Smith May Re-Do A Korean Epic

Will Smith and Steven Spielberg may enact their first partnership on the remake of a Korean thriller, Chan Wook Park‘s “Oldboy,” for DreamWorks and Universal Pictures, Variety sayswillsmith.jpg.

The film would mark one of the earlier DreamWorks/Universal efforts in the new deal between the two studios. DreamWorks will secure the remake rights and Universal will distribute.

In the 2003 Korean original, a man gets kidnapped and held in a shabby cell for 15 years without explanation. Suddenly, he’s released and given money, a cell phone and clothes and is set on a path to discover who destroyed his life so he can take revenge.

Spielberg had been looking for an opportunity to make a film with Smith, who would play the kidnapped man if all the pieces fall into place. Spielberg is looking for a writer to begin the development process.

The film was originally set at U and then found its way to Mandate.

Spielberg is next expected to direct “Tintin.”

As FBLA Predicted: DreamWorks Will Go With Universal For 8%

spiel2.jpgIt’s official.

As reported last week by FBLA, DreamWorks will officially go with Universal’s distribution network in a seven-year deal, Variety reported following a DreamWorks announcement.

The move was anticipated because of DreamWorks principal Steven Spielberg’s
long-standing ties to Universal through his Amblin label and Stacey Snider’s former status as chairman of the film division for Universal.

Universal is expected to take an 8% distribution fee for all of the DreamWorks films.

Peter Jackson Heads Back To Middle Earth

tn2_peter_jackson_1.jpgAccording to Deadline Hollywood Daily:

The Hobbit and its sequel will finally be made back-to-back for New Line and MGM the way they should be — under the Academy-Award-winning creative vision of Mr. Lord Of The Rings. But Jackson won’t be directing this time out, because of his previous commitments to DreamWorks for The Lovely Bones and Tintin trilogy with Steven Spielberg. While that will disappoint his LOTR fans, they’ll be pleased to know that the famed director will be integrally involved as executive producer along with his partner Fran Walsh. I’m told Jackson will make all creative decisions in concert with New Line, which will manage the production of the films.

Trade Round-Up: Oct. 3, 2007

steven.jpeg
DreamWorks, Paramount Update
DreamWorks is working through tension with parent company Paramount Pictures with the latter reporting boxoffice receipts for DreamWorks under the newly-created DreamWorks-Paramount banner, Variety is reporting. The move, Var says, “could help pave the way for a scenario in which DreamWorks becomes more of an autonomous production company.” Read the rest of the story here.

‘Brothers’ Love Triangle Set
Natalie Portman will join Tobey Maguire and Jake Gyllenhaal in Brothers for director Jim Sheridan, Variety reports. It’s a love triangle based on the 2004 Danish pic by Susanne Bier starring Connie Nielsen.

Diesel, Walker Back in Drivers’ Seats
Universal is back on track with its Fast and the Furious installment with a reteaming of the first pic’s original stars Vin Diesel and Paul Walker back on board to star in a fourth film. You may remember that the pic helped boost their respective careers and in turn ditched they franchise. They’re back now but obviously THR has already forgotten who Diesel is: on the trade paper’s site, a pic of Chris Daughtry is identified as Diesel. Guess it was the bald head that got the editors confused.

- CHRIS GARDNER

Trade Round-Up: Sept. 27, 2007

michael bay.jpegTransformers 2 Picks a Date
Paramount and DreamWorks are moving ahead with plans for a Transformers 2 project, stamping down June 26, 2009 as the release date, reports Variety. The story says the date is just a target but isn’t “ironclad” as they still need to lock in Michael Bay and work out the ongoing tension between the two studios.

Reiner Backs Clinton
Variety‘s Ted Johnson writes in today’s paper that director Rob Reiner has given Hillary Clinton’s campaign a boost by endorsing her in the upcoming election. Johnson writes that Reiner’s decision is a “key endorsement” for Hil because he’s “one of the entertainment industry’s most politically-active figures.”

THR reports that Disney is canceling its Disney Mobile MVNO service, the second such Disney-branded project to bite the dust in less than a year following ESPN Mobile. Read the full Disney shuttering story here.

- CHRIS GARDNER

THR Adds Two to Film Department

thr.jpegThe Hollywood Reporter has added two reporters to its film staff on the heels of Tatiana Siegel’s exit from THR in favor of a film job at Variety.

And they’re both familiar faces to fellow staffers inside THR‘s Wilshire Boulevard offices. Studio sources tell FBLA that Carly Mayberry and Leslie Simmons have been making calls around town announcing their new gigs.

Mayberry joins THR‘s film department after working on the ‘Convergence’ pages for the paper while Simmons moves to the film desk after covering entertainment law for the now-defunct spinoff, THR Esq.

Both Mayberry and Simmons had bylines in last week’s paper.

FBLA is also hearing a bit about their beats: Mayberry is said to be covering Paramount and DreamWorks while Simmons has been assigned Sony and 20th Century Fox.

- CHRIS GARDNER

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