iPic Entertainment, Parent To Upscale, Dine-In Exhibition Chain, Files Intent For Mini-IPO
iPic Entertainment Inc. said it intends to file a “Regulation A+” IPO in the late fall of this year in an effort to raise up to $30M. Its plans are for a late fall offering. In succession, and subject to NYSE or NASDAQ requirements, iPic plans to list on a National Securities Exchange. It says it intends to use the money raised from the mini-IPO for “key corporate purposes” including working capital, general corporate purposes, including opening new iPics venues and… Read
China Crackdown Hitting Hollywood: Where Do China Investments Stand?
EXCLUSIVE: Chinese government leaders have placed tight restrictions on some of their biggest players who have been infusing money into film production, and Hollywood is now fearful of where the money may come from to finance its projects. At the center of the storm is Beijing-based real estate conglom Dalian Wanda Group, which purchased Legendary in 2016 in hopes of taking the company public on the Chinese stock market but wasn’t able to do so. Questions have now arisen… Read
‘Atomic Blonde’: How Sierra/Affinity Bottled Its Blonde
Atomic Blonde, the $30 million-plus graphic novel film adaptation starring Charlize Theron as a kick-ass super spy, bows this weekend from Focus Features and Sierra/Affinity and is expected to bring in somewhere around $20M in its opening weekend. That would be a good start for the film if word-of-mouth is strong, and it has received generally favorable reviews. This movie comes after Theron was embraced as an action star two years ago by audiences in Mad Max: Fury… Read
Sky Set To Increase Funding On Originals By 25%; Confirms Launch In Spain
Sky is ramping up efforts to compete with streaming giants such as Amazon and Netflix with plans to increase investment in Sky original programming by 25%. In an earnings report released on Thursday, the European pay-TV giant also confirmed plans to launch in Spain as the company returned to profit growth in the fourth quarter following a year of investment.
The company, which is awaiting a verdict from UK regulators over whether Rupert Murdoch's 21st Century Fox can buy… Read
UK Government Delays Decision On Fox-Sky Deal
UPDATE with Fox response: Rupert Murdoch's recent attempt to acquire the long-coveted remainder of pay-TV giant Sky looks set to face further delay as the UK government continues to mull over whether the deal should be subjected to a full competition probe.
On Thursday morning, culture secretary Karen Bradley told the House of Commons that she was "still minded" to refer 21st Century Fox's bid to take full ownership of Sky to the Competition and Markets Authority (CMA) on… Read
DMG And Others Circling To Swoop In At Sony As LStar Deadline Looms
EXCLUSIVE, updated with statement from Sony: Several companies are circling to either buy out Lone Star’s profit participation in Sony films for like 70 cents on the dollar or step in to buy “the library,” as its being referred to, and also fund Sony films. The LStar film financing deal is all but dead as the deadline expiration comes at midnight tonight.
While we hear that FTI and Salem are working on valuations, Content Partners, Vine, Shamrock and Qualia (Amir Malin’s… Read
Herb Allen’s Sun Valley Retreat: General Lori Robinson Gets Five Stars From Attendees
After last night’s networking dinner, the moguls of media, finance and tech industries piled into a panel discussion this morning to listen to a talk with two hedge fund managers about the economy in what was the first day of investment banker Allen & Co.'s annual retreat in Sun Valley, ID. The multi-day event will run this week with panel discussions and one-on-one talks, the last one being with former CIA chief George Tenet talking to the current CIA director Mike… Read
Abigail Disney’s Fork Films Gives Out Grants To Help Complete 16 Documentaries
EXCLUSIVE: Fork Films has given out grants to 16 documentaries chosen from a pool of more than 300 applicants looking to complete films in various stages of development. The grants went projects that promote peacebuilding, human rights and social justice; the focus is to help women behind or in front of the camera complete their films. The total in grant money was $515K this year, and the film company has given out more than $4M in grants and investments to nearly 90… Read
The H Collective, Fueled By China’s ‘Kenny’ Huang, Launches With Projects From Sid Ganis, Mark Johnson, Joe Roth & Jeff Kirschenbaum
UPDATED, 10:23 AM: Deadline has learned the identity of the Chinese owner of The H Collective effort. It is controversial exec Jian-hua “Kenny” Huang as he has apparently been in talks with Joe Roth and Jeff Kirschenbaum about financing xXx and was involved in the Transformers lawsuit which embroiled Sid Ganis. Huang is also supposed to be getting an office soon on the Paramount lot. Who is he? He was the guy who had a relationship with former Paramount exec Rob Moore and… Read
Brian Weinstein Moves From CAA To Bad Robot As President/COO
Brian Weinstein has joined Bad Robot Productions as President and Chief Operating Officer and will work closely with the company’s co-CEOs J.J. Abrams and Katie McGrath. The new executive joins the production company from CAA where he was head of global client strategy and had spent 12 years at the agency. He will now oversee Bad Robot's daily operations and spearhead the company's growth strategy in its existing businesses. He will also develop new areas of expansion… Read
Maggie Gyllenhaal To Star In Maven Pics’ ‘The Kindergarten Teacher’
EXCLUSIVE: Women helping other women, this is what it looks like: Maggie Gyllenhaal is set to star in The Kindergarten Teacher, a feature based on writer/director Nadav Lapid's acclaimed Israeli film of the same name that is being produced by Trudie Styler and Celine Rattray’s Maven Pictures and Pie Films. The film was adapted by and is being directed by Sara Colangelo (Little Accidents) for a July 10 start and another woman, Jenny Halper brought the project into… Read
Bona Film Group & CAA Partnering On Film Fund Worth $150M
Bona Film Group, the Chinese Company that had the biggest deal at this Cannes Film Festival with the $80M lead investment on director Roland Emmerich’s WWII battle film Midway for The Mark Gordon Co., has entered into an agreement with CAA.
CAA and Bona Film Group announced the launch of a long-term film fund, with an initial $150 million investment. The first film from this fund is, of course, Midway.
Both companies say that the fund will be co-managed by Bona and CAA… Read