Headlines Newsletter, 3/21/2024

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Distribution

Variety: Apollo Global Offers $11 Billion to Buy Paramount Pictures: Report

Apollo Global Management, a major private-equity firm, has submitted an $11 billion bid to acquire Paramount Pictures, according to a published report.

The Wall Street Journal, citing anonymous sources, reported that Apollo Global offered $11 billion for Paramount Global’s film and TV studio business. That would apparently not include CBS, Paramount Global’s cable networks or the streaming business that includes Paramount+ and Pluto TV.

It’s unclear how the math of Apollo’s reported offer works out, as that price tag is greater than the market capitalization of the entire company ($7.3 billion as of March 19). Shares of Paramount Global climbed more than 11% Wednesday on the Journal report.

Headlines Newsletter, 3/19/2024

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Release Schedule

Screen Crush: All 8 Live-Action ‘Spider-Man’ Movies Are Returning to Theaters

Every single Sony live-action Spider-Man film — including the adventures of Tobey Maguire, Andrew Garfield, and Tom Holland — are returning to movie theaters this spring.

That includes eight titles spanning 20 years of comic-book movie history. All of these Spider-Man movies are available on a variety of formats. You can get DVDs or Blu-rays, and they are all available for digital purchase or rental as well. Most of these movies are currently streaming on Disney+ as well. But this is a rarely opportunity to see these movies on a big screen. I have no clue when Sam Raimi’s original Spider-Man movie was last released in theaters. It could be a decade plus. So if you want to see web-slinging in all its visual splendor, this might be too good of an opportunity to pass up.

IATSE

Variety: IATSE Back at the Bargaining Table With a Focus on Cinematographer Issues

IATSE resumed negotiations with the major studios on Monday, with a day spent focused on items relevant to the International Cinematographers Guild, Local 600.

IATSE began talks earlier this month, as it seeks to address artificial intelligence, see wage increases to make up for inflation, and close a significant shortfall in its pension and health fund.

With more than 9,000 active members, the ICG is the largest of the IATSE locals involved in bargaining.
 

Headlines Newsletter, 3/13/2024

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Release Schedule

The Hollywood Reporter: ‘Venom 3’ Gets Title, Moves Up Release to October

The latest installment in Columbia Pictures‘ Tom Hardy-led Venom franchise now has an official title and an earlier release date.

Director Kelly Marcel‘s Venom: The Last Dance hits theaters Oct. 25, Sony announced Tuesday. Starring Hardy, Juno Temple and Chiwetel Ejiofor, the film had been untitled and moves up two weeks from its previous release date of Nov. 8.

In addition to helming the feature, Marcel wrote the script, with the story credited to herself and Hardy. Hardy, Marcel, Avi Arad, Matt Tolmach, Amy Pascal and Hutch Parker serve as producers.


The Hollywood Reporter: Chris Pratt’s Sci-Fi Thriller ‘Mercy’ to Open in Theaters in August 2025 (Exclusive)

Timur Bekmambetov‘s Mercy is looking to add some sizzle to the late summer box office next year.

Amazon MGM Studios will release the sci-fi action-thriller in theaters nationwide Aug. 15, 2025. Chris Pratt and Rebecca Ferguson, fresh off of Dune: Part Two, star in the movie, which is expected to get a full global rollout.

Creative Community

Variety: Hollywood’s New A-List: Timothée Chalamet Gets Salary Boost After Box Office Hits

“Glen is the classic example of talent meeting opportunity,” says Tom Rothman, chairman and CEO of Sony’s Motion Picture Group. “This is what theatrical hits do that streaming movies just don’t: give great actors a chance to make real cultural impact. Glen is a truly charismatic screen presence.”

Headlines Newsletter, 3/12/2024

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Awards

Variety: 2024 Oscar Ratings: Academy Awards Audience Rises Slightly to 19.5 Million Viewers

The 96th annual Academy Awards ceremony drew 19.5 million viewers on ABC Sunday night.

Per the time zone adjusted fast national ratings, Sunday’s telecast drew 19.5 million viewers and a 3.8 rating in the adults 18-49 demographic airing from 7:00-10:29 p.m ET. By comparison, the 2023 telecast drew 18.8 million viewers and a 4.0 rating in the final tallies. That means this year’s show was up just shy of 4% in total viewers but down 5% in the key demo. It should also be noted this year’s show started an hour earlier than it has in years past.

Still, the 2024 telecast was the most-watched Oscars since 2020 and marked the third consecutive year of viewership growth. The 2021 telecast, which was heavily impacted by the COVID-19 pandemic, drew an all-time low 10.4 million viewers. It rebounded in 2022 with 16.6 million, followed by last year’s 18.8 million.

Release Calendar

Variety: Robert Pattinson’s ‘The Batman Part II’ Delayed a Year, Sets New 2026 Date

The gritty comic book sequel “The Batman Part II,” in which Pattinson will become the Caped Crusader again, has been postponed a year, from Oct. 3, 2025 to its new date on Oct. 2, 2026.

In addition to the move, Warner Bros., the studio behind the superhero tentpole, has shuffled around other titles on its release calendar. Maggie Gyllenhaal’s “The Bride,” starring Christian Bale, Jessie Buckley and Peter Sarsgaard, will take “The Batman” sequel’s old spot on Oct. 3, 2025. And “Alto Knights,” a mob drama starring Robert De Niro as two different mob bosses, has relocated from Nov. 15, 2024 to March 21, 2025.

The studio also added the latest film from director Paul Thomas Anderson to its schedule, slating it for Aug. 8, 2025. The movie, labeled by Warner Bros. as “An Untitled Paul Thomas Anderson Event Film,” will be released in Imax. Little is known about the project, though it features the sprawling cast of Leonardo DiCaprio, Sean Penn, Regina Hall, Teyana Taylor and Alana Haim. Production on Anderson’s latest is underway in California, where nearly all of the filmmaker’s movies are set.

Deadline: ‘Monkey Man’ Stomps Into SXSW As Dev Patel Gets Standing Ovation At World Premiere

“This is a film that simply demands to be seen in a theater with a huge rockstar audience,” said Peele, who after seeing the movie pivoted to his theatrical output deal at Universal after Monkey Man was originally set up at Netflix, which took the film’s global rights for $30 million. Now it has a big-screen release set for April 5.

The Hollywood Reporter: Stephen King Movie ‘Salem’s Lot’ Moves from Theatrical to Max

New Line parent company Warner Bros. Discovery will debut the vampire thriller on the streaming service Max later this year, the company said Tuesday.

No date was given, but sources believe a fourth quarter release is likely.

Veteran horror scribe Gary Dauberman, known for writing the It and Annabelle films and for helming Annabelle Comes Home, wrote and directed the movie whose distribution plans have been in flux since WarnerMedia, which owned New Line and Warner Bros., merged with Discovery Inc. in spring of 2022. The movie was originally due to hit theaters in September 2022, then after the merger, it was moved to April 2023. Later, it was taken off the theatrical release schedule completely.

Headlines Newsletter, 3/11/2024

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Awards

The Hollywood Reporter: Oscars: ‘Oppenheimer’ Lifts 20-Year Curse on Blockbusters Winning Best Picture

Plenty of $1 billion box office hits have been nominated for best picture, but Academy voters have tended to opt for smaller, specialty fare when handing out the top prize. Christopher Nolan‘s Oppenheimer upended the traditional order Sunday night when it won best picture at Oscars 2024, one of seven wins for the historical biopic.

The film has reaped north of $957 million at the worldwide box office, the top gross of any best picture victor since The Lord of the Rings: The Return of the King in 2004 (that grossed $1.15 billion). Oppenheimer is also the first best picture winner in more than a decade to earn north of $100 million at the domestic box office since Ben Affeck’s Argo (that earned $136 million domestically and $232.3 million globally.) And it’s the first best picture winner released in July — the heart of summer movie season — since Forrest Gump in 1994.

Headlines Newsletter, 3/8/2024

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Social Media

Jason Blum on why horror movies are better on the big screen
 

IATSE

Deadline: IATSE, Teamsters & Studios Will Resume Talks March 18; Guilds Expected To Caucus Next Week

After four days of joint talks with the studios over health and pension benefits, IATSE, the Teamsters and other Hollywood Crafts will take next week to “caucus” and return to negotiations with the AMPTP on March 18.

“Negotiations have adjourned for the week. In terms of scheduling, union members are advised the Negotiations schedule is fluid and may be subject to change on short notice,” IATSE told members in a missive sent out this evening. “Next week, March 11-15 is expected to be a caucus week, meaning the employers and union Negotiating Committee only meet with themselves, and do not meet in joint sessions with both parties across the table.”

Research

McKinsey & Company: Latinos in Hollywood: Amplifying voices, expanding horizons

In this article, we describe how addressing opportunities unique to Hollywood could lead to a triple win of higher industry revenue, a broader and richer range of Latino stories for all audiences to enjoy, and a more hospitable workplace for Latino professionals. The industry could generate an additional $12 billion to $18 billion a year in annual revenue—about 7 to 10 percent of today’s $179 billion—if Latino representation in Hollywood improved.