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breakingBusiness

Funds Back Proposal To Remove Mark Zuckerberg As Facebook Chairman

Several public funds with holdings in Facebook are calling for the removal of CEO Mark Zuckerberg as the chairman of the social network’s board of directors. The New York City Comptroller Scott Stringer, together state treasurers from Illinois, Rhode Island  and Pennsylvania, and Trillium Asset Management, today announced their support a shareholder initiative to name an independent board chair. They argued, in statement released today, that such a dramatic step is… Read

Business

Lionsgate International TV President Peter Iacono Exits; Agapy Kapouranis Set To Succeed Him

Peter Iacano Agapy Kapouranis

Lionsgate said Wednesday that its President of International Television & Digital Distribution Peter Iacono is leaving the company, and has promoted Agapy Kapouranis to replace him. Iacono, who has been in leadership positions in the international group for almost a decade, is exiting to become CEO of TravelCadabra, a soon-to-launch travel e-commerce site. The move was announced by Jim Packer, Lionsgate President of Worldwide Television & Digital Distribution, to whom… Read

Box Office

‘Halloween’ Could Be In Store For $100M+ Global Opening Treat

No trick here: The estimates for Universal/Miramax/Blumhouse’s Halloween reboot-sequel keep climbing, with the high-end of current global projections at $100M. That’s $70M stateside (and some even think that’s low) at 3,928 U.S./Canada locations and another $30M from 21 markets, the biggest scares coming from Mexico (where horror is a fave), UK, Russia and Taiwan. Conservative estimates from inside Uni are at $50M stateside, and $12M-$18M offshore, but rival consensus… Read

exclusiveFilm

Sylvester Stallone To Star In ‘Samaritan’ & ‘Hunter’, Acquires FBI Memoir As His Balboa Productions Ramps Up Slate

Sylvester Stallone

EXCLUSIVE: Balboa Productions, the recently formed shingle led by Sylvester Stallone and producer Braden Aftergood, has solidified its project lineup, some of which will be starring vehicles for Stallone, who will also produce the projects with Aftergood. Likely to be first in the pipeline is Samaritan, a dark, fresh take on the superhero genre that has Stallone attached to star. The aim is to start production next year. Also in the works is Stallone’s long-gestating Hunte… Read

Business

Salon Staff Ratifies New WGA East Contract

WGA East

The WGA East's first contract with Salon has been ratified unanimously by the digital news site's editorial staff. The deal was hailed Wednesday by the guild, the staff and by the site's management. “Our collective bargaining agreement with Salon marks the Guild's seventh contract in digital media," WGA East executive director Lowell Peterson said. "We won important gains including minimum rates of pay that result in a third of the unit receiving an average increase of… Read

exclusiveFilm

Joey Bragg, Tyler Alvarez, Jack Griffo & Genevieve Hannelius To Star In ‘Sid Is Dead’ For American High

EXCLUSIVE: Joey Bragg (Liv and Maddie), Tyler Alvarez (American Vandal) Jack Griffo (The Thundermans), and Genevieve Hannelius (American Vandal) are set to topline Sid Is Dead, a comedy from American High. Eli Gonda is directing the film, which is slated to being shooting this month. The script is by Ghost Team writer Peter Warren. The story centers on a socially invisible high school senior, Sid (Bragg) who, after slipping up and getting the school’s biggest bully… Read

exclusiveFilm

Janina Gavankar Joining Warner Bros’ ‘Torrance’ Opposite Ben Affleck

EXCLUSIVE: We’re hearing that Sleepy Hollow actress Janina Gavankar is in final talks for the female lead in Gavin O’Connor’s Torrance at Warner Bros. She’ll play the ex-wife of Ben Affleck’s character. Torrance, he working title of the project also known as The Has Been, follows a former basketball all-star, played by Affleck, who has lost his wife and family foundation in a struggle with addiction. He attempts to regain his soul and salvation by becoming the coach of a… Read

TV

Long-Shelved Logan Paul Movie Sequel Launches Today On YouTube Premium

UPDATED throughout The Thinning: New World Order, starring Logan Paul, is now available to stream on YouTube Premium, producers have announced. Legendary Digital Studios, YouTube Premium and Entertainment One (eOne) announced a “surprise drop” of the sequel to the 2016 thriller, though any surprise was spoiled last night by Paul, who posted a trailer on his YouTube channel. The YouTube Original movie starring the controversial Paul arrives after a nearly year-long… Read

Business

Spotify Enlists Digital Distributor DistroKid To Help Artists Directly Upload Their Songs

Spotify Logo

Spotify took another step forward in its efforts to give musicians the tools to release their songs without help of a record label. The company last month invited a group of independent artists to directly upload their music to the popular music streaming service. The beta program represents a milestone because it allows artists to bypass record labels or third-party distributors who take a cut of the proceeds. Spotify today said it was working with digital distributor Dis… Read

TV

Comedy Inspired By ‘Property Brothers’ Drew & Jonathan Scott In Works At Fox From Jon & Josh Silberman

The story of HGTV stars Drew & Jonathan Scott of Property Brothers fame is coming to television. Fox has given a script commitment plus penalty to It Takes Two, a single-camera comedy inspired by the memoir by the identical twins. It will be written by another set of identical twin brothers, Jon & Josh Silberman (Living Biblically). The project hails from Eric and Kim Tannenbaum’s The Tannenbaum Company (Two and a Half Men) in association with Lionsgate Television, where… Read

exclusiveFilm

‘Annabelle 3’ Adds Katie Sarife In Leading Role

EXCLUSIVE: Katie Sarife has landed one of the three key lead roles in New Line’s upcoming untitled Annabelle project which heads into production this week. The sixth title in The Conjuring franchise picks up with the Warrens bringing the Annabelle doll to a place where she can no longer wreak havoc: their Artifacts Room. Annabelle awakens the room's evil which sets its sights on a new target: the Warrens' ten year-old daughter Judy (Mckenna Grace). Sarife will play the… Read

exclusiveBusiness

Universal Sued By ‘Fast & Furious’ Producer Neal Moritz Over Dwayne Johnson & Jason Statham Spinoff

Hobbs And Shaw

EXCLUSIVE: The Fast and The Furious spinoff Hobbs and Shaw opens next summer, but the Universal flick might be doing wheelies in the courts by then too. Franchise producer Neal Moritz today sued the Donna Langley-run studio for breach of oral contract and promissory fraud over being tossed out the door of the spinoff led by Dwayne Johnson and Jason Statham. "This case presents a classic example of Hollywood greed," reads the filing made this morning in Los Angeles… Read