Indie Producers Say They’re Getting Shortchanged By California’s Tax Incentives Program
California's expanded film incentives program has been great at helping to stem the flow of runaway production but not so great for independent film and TV producers. Indeed, many indie producers are not happy with the new program at all.
"Indie producers are frustrated," said Dama Claire, an incentives specialist at EP Financial Solutions. "While the state has a very good program, the bulk of the money is allocated to the major studios and to television shows returning… Read
‘American Psycho’ Will Close On Broadway Before The Tony Awards At $8.8M Loss
UPDATE Friday 1:30 P.M.: Adds producers’ statement of capitalization at $8.8 million, below.
EARLIER: At once shocking in its finality and completely expected, American Psycho will play its last Broadway performance on Sunday, June 5 at the Shubert Organization’s Schoenfeld Theatre, one week before the Tony Awards, the producers announced Thursday. Closing at a total loss of its capitalization, which the producers told Deadline was $8.8 million, the Duncan… Read
Viacom’s Battle With Sumner Redstone Could Hurt Credit, S&P Says
Viacom CEO Philippe Dauman’s battle with Chairman Emeritus Sumner Redstone could hurt the company’s ability to borrow: Standard & Poor’s Global Ratings today lowered its assessment of Viacom’s management and governance to “fair” from “satisfactory.”
It reaffirmed the BBB-rating for the company’s debt but said that if the drama continues, it “could lead to a reassessment” of Viacom’s creditworthiness.
Dauman’s suing to have Redstone, who turned 93 today, declared… Read
Court Sets June Date For Philippe Dauman’s Case Against Sumner Redstone
Judge George Phelan of the Massachusetts Probate and Family Court has granted Viacom CEO Philippe Dauman’s request to expedite the schedule in his effort to have Chairman Emeritus Sumner Redstone declared incompetent.
The judge today scheduled a hearing for June 7 at 9 AM at the court in Canton, which is 15 miles southwest of Boston.
The announcement has no other information about the case, filed by Dauman and Viacom board member George Abrams.
They want the court to rule… Read
Lionsgate Joins Fox, Par & Uni In Nixing Exhibitor Clearance Requests: What Does This Mean For The Biz?
Starting with its June 10 release of Now You See Me 2, Lionsgate will no longer honor clearance requests from exhibitors on titles playing in a competitive zone. The distributor joins 20th Century Fox, Universal and Paramount — and even AMC Theatres — in this reformed booking practice.
Essentially, if two exhibitors are vying for a title in a competitive zone, often one exhibitor (typically the larger one) can request a clearance from the studio to play the title… Read
Viacom Renews And Expands Carriage Deal With Cox Communications
Here’s some Viacom news that, for a change, doesn’t involve its battle with Sumner Redstone: The company said today it has renewed and expanded its carriage deal with Cox Communications.
The No. 3 cable provider, which has 6 million residential and commercial customers, has agreed to carry 22 Viacom channels plus Epix, its joint venture with MGM and Lionsgate.
Cox also will offer “an expanded selection” of programs via its on-demand platforms which serve TV and mobile… Read
Netflix Seeks Quick Appeal After Judge Denies June Streaming Of Relativity Pics
Netflix’s plans to put Relativity’s Zach Galifianakis-starring Masterminds and the Kate Beckinsale-starring The Disappointments Room up on its streaming service next month were unplugged today by a federal judge. But the streaming service intends to challenge the ruling by Judge Michael Wiles ASAP, I hear. Netflix will file today for a stay in the ruling made Friday in NYC and seek an expedited appeal.
Wiles had already indicated in past hearings on the matter he was… Read
Viacom Directors Prepare For Sumner Redstone Move To Replace Them: Report
UPDATE: Sumner Redstone’s camp didn’t directly address the report that he will try to replace Viacom’s board, and CEO Philippe Dauman. But it just said that the Chairman Emeritus “will make every decision with the same deliberation and consideration with which he removed Philippe Dauman and George Abrams as trustees, based on the best interests of shareholders.”
PREVIOUS, 7:05 AM: Sumner Redstone may celebrate his 93rd birthday today by blowing up Viacom’s management… Read
Gerard & Roth: And The Tony Award For Best Song Goes To…
EXCLUSIVE: Deadline's Jeremy Gerard and Jujamcyn Theatres majority owner and president Jordan Roth talk about the state of the industry, the only stipulation being no holds barred.
GERARD: Well of course there is no Tony Award for Best Song, but there ought to be. We’re seeing a surge on Broadway of contemporary song-writing teams and the original cast albums they generate are best sellers; note the Grammy Award for Hamilton. This season we have Sara Bareilles in her… Read
WGA East Blasts Billionaire For Funding Hulk Hogan’s Legal War With Gawker
The WGA East, which represents the editorial staff at Gawker Media, has issued a stinging rebuke of Peter Thiel, the Silicon Valley billionaire who admits to bankrolling Hulk Hogan's invasion-of-privacy lawsuit that resulted in a $140 million verdict against Gawker.
"Peter Thiel has all but confessed that his primary objective is Gawker's demise," the guild said. "Plutocrats already have outsized power in this country, and we cannot allow them to use their vast fortunes… Read
Neil Brown Jr. Inks With Don Buchwald & Associates; Ashley Darby Signs With Abrams Artists Agency
Neil Brown Jr., who played DJ Yella in Straight Outta Compton, has signed with Don Buchwald & Associates for representation in all areas. Brown was cast this week in BBC America series Dirk Gently’s Holistic Detective Agency. He next will be seen in Iraq War drama Sand Castle opposite Henry Cavill and Nicholas Hoult. His other credits include features Fast & Furious and Battle Los Angeles. He recurred on Suits and appeared most recently in CSI: Cyber and NCIS: Los Angeles… Read
Christopher Tricarico Exits Broad Green Pictures As EVP Biz Affairs; Restarting Law Firm
EXCLUSIVE: Over a year and a half after joining Broad Green Pictures as executive vice president business affairs and general counsel, Christopher Tricarico has left the feature production and distribution company. With that move, The Man In The High Castle EP is restarting his boutique entertainment law firm, Tricarico Chavez LLP.
“I am excited to return to the many clients whom I have had the pleasure to work with for more than a decade," Tricarico said today. "Much as… Read