Update: Wanda’s Buyout of Dick Clark Productions Falls Apart
Update: Dick Clark Productions sues Dalian Wanda for $25 million after the Chinese conglomerate failed to complete it’s $1.07 billion buyout.
February 2017
Power Failure for Voltage Pictures Deal
Xinke, a Chinese copper processing company revoked their offer to acquire 80% of Voltage Pictures for $350 million.
Paramount Pictures: How Not to Run a Studio
In an unsurprising decision that many industry followers have expected, Paramount Pictures’ CEO Brad Grey is leaving the studio after 12 years.
China Expected to Officially Expand Film Quotas
China’s top film regulator, announced through state-run news sources that a quota expansion is likely in the coming months.
China Warns the US About Protecting Media Assets
Wang Jianlin, chairman of Wanda Group, warned the U.S. last week against implementing protectionist measures for media assets.
European Film Market: Netflix and Amazon Propel Competition
Love them or hate them, Netflix and Amazon are shaking loose cobwebs from the film market. The momentum from Sundance has sellers optimistic.
Leaderless Sony Pictures $1 Billion Writedown
After $1 billion writedown Sony Corp. announced that it does not plan to sell Sony Pictures. The company is under pressure to sell after mounting losses.
Can Lionsgate Challenge the Studios Once Again?
After a string of massive hits, Lionsgate traveled full circle in 2016 when its top-grossing domestic film was Boo! A Medea Halloween.