The billionaire set has always looked upon movies as diverting toys. They offer glitz and glamour, but also pose one ominous trap: public scrutiny. This was underscored by breaking news this week involving three high-profile billionaires: Steven Mnuchin, Arnon Milchan and Rupert Murdoch.

Mnuchin, the very social but pu…

It’s been three months since Arnon Milchan’s Regency Entertainment sued Warren Beatty and others for breach of contract over the filmmaker’s underperforming 2016 pic Rules Don’t Apply. Now the legal pendulum is swinging the other way.

In a $50 million cross-complaint filed in Los Angeles Superior Court (read it here)…

CBS has put in development L.A. Confidential, a drama based on James Ellroy’s noir classic novel. It’s from Arnon Milchan, who produced the acclaimed 1997 movie, and his New Regency, writer-producer Jordan Harper (Gotham), Lionsgate Television and CBS Television Studios.

Written by Harper, L.A. Confidential follows…

The IFP Gotham Awards were handed out at Cipriani Wall Street in New York City tonight, and A24’s Moonlight was off to a good award-season start, taking home Best Feature and Best Screenplay to go with its previously announced special jury ensemble award. Casey Affleck won Best Actor for Manchester by the Sea, and…

Pam Abdy, New Regency's president of production, is leaving her post, exiting after she finishes helping to ready the Michael Fassbender-starrer Assassin’s Creed for its December release. She came in while Brad Weston was running the company for Arnon Milchan. Insiders said her exit was amicable, and New Regency…

New Regency founder and Oscar-nominated producer Arnon Milchan will receive one of the annual Industry Tributes at this year’s Gotham Awards, the indie-film honors set for November 28 in New York City. He joins Oliver Stone, Amy Adams and Ethan Hawke as this year’s tribute recipients.

The Gotham tributes are for indivi…

This is happening quickly, but Brad Weston is stepping down as president and CEO of New Regency, a job he has held for the last five years. This comes after a run in which Regency has had two Best Picture winners and a Best Picture nominee in three straight years in The Revenant, Birdman and 12 Years A Slave, a…

At today’s CinemaCon Filmmaker lunch program honoring New Regency head Arnon Milchan with the Legend off Cinema award, 20th Century Fox and New Regency also made news. The companies revealed that they will be releasing this fall Warren Beatty’s long-gestating, officially untitled movie dealing with Howard Hughes that…

Lionsgate and New Regency are pooling resources through a multi-faceted TV production and distribution agreement announced today at NATPE that will “capitalize on content opportunities in the global marketplace,” New Regency founder and chairman Arnon Milchan and Lionsgate CEO Jon Feltheimer said in a joint…

Fortress Investment Group led the $200 million in new capital commitments, in the form of a five-year loan, for New Regency’s film and TV production plans, the companies announced this morning.

The “overwhelming support” from Fortress and existing lenders “further strengthens our position to seize new and exciting oppo…

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