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Entertainment

They Resurrected MGM. Amazon Purchased the Studio. Now What?

Producer Matt Tolmach, who has two projects in the works at MGM, including the horror film Dark Harvest due out on September 23, said De Luca’s passion for good stories is contagious. “He read the script and called me and we had an hour long talk about the possibilities and how great it would be and how we can push the envelope,” he said of Dark Harvest. “That’s what he does. He makes your film better. “

From Mr De Luca’s point of view, the new MGM is about “treating the filmmakers like the franchise,” he said. When he and Mrs. Abdy first met, the duo put together a list of 36 directors they wanted to lure into the studio. In 15 months they caught 20 percent of them, including Darren Aronofsky, Sarah Polley, Melina Matsoukas, and George Miller.

“We don’t mind making big swings and playing because I think it’s either big or home,” he added. “I think the audience will reward you if you are really original, innovative, brave and creative.”

At a shareholders meeting last month, Jeff Bezos, founder and CEO of Amazon, called the reason for the takeover “very simple”. He said MGM has a “huge, deep catalog of much-loved” films and shows. “We can rethink and develop this intellectual property for the 21st century.”

This contradicts the approach that Mr De Luca and Mrs Abdy have primarily followed.

“Mike and I didn’t sit down and say we’d go through the library and do it all over again,” said Ms. Abdy. “Our focus is on original ideas with original authorship and real filmmakers, but you know that every now and then something will come out that is fun and we will pursue it when we see fit.”

These ideas include a hybrid live-action / animated remake of “Pink Panther”; Michael B. Jordan as director of the third part of the “Rocky” spin-off “Creed”; and “Legally Blonde 3” starring Reese Witherspoon and a script co-written by Mindy Kaling.

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Business

MGM Seems to Amazon because the Hollywood Studio Tries to Discover a Purchaser

Streaming is highly competitive, Disney + is strong, and HBO Max, Apple TV +, and Paramount + are determined to move forward. This has led the original streaming disruptors – Netflix and Amazon Prime Video – to rely more heavily on broad appeal films to keep growing, especially overseas.

The 58-year-old James Bond franchise is a Hollywood crown jewel that has generated tens of billions of dollars in ticket sales, home entertainment revenue, video games and marketing partnerships. However, 007 was both a lure and a deterrent to potential MGM bidders.

That’s because MGM only owns 50 percent of the espionage franchise. The rest are held by Barbara Broccoli and her brother Michael G. Wilson. Through their all-or-nothing company, Eon, the siblings also have creative control approving any type of dialogue, casting decision, stunt sequence, TV commercial, poster, and billboard. Bond has tremendous untapped value, with TV offshoots being a potential bonanza. But Ms. Broccoli and Mr. Wilson, concerned about branding falsification, have blocked spin-off efforts in the past: Bond belongs on big screens, not small ones.

“If we find the wrong partners, it can lead to conflict,” Wilson said in a 2015 interview.

“No Time to Die,” the 25th episode in the Bond franchise, cost approximately $ 250 million and is slated to hit theaters on October 8th. (The previous film “Specter” cost about $ 900 million worldwide in 2015.) The role of James Bond is expected to be re-cast after “No Time to Die” as Daniel Craig leaves the role after 15 years.

Amazon’s entertainment strategy has evolved with the proliferation of streaming services. Indie films like “Manchester by the Sea” and unconventional shows like “The Marvelous Mrs. Maisel” and “Transparent” have gained a foothold in Hollywood. Dominance requires a steady supply of mainstream hits.

The problem: Amazon Studios has limited bandwidth, mostly related to television series – including an upcoming adaptation of Lord of the Rings, considered the most expensive show of all time, with a budget of $ 465 million for one season. In order to fill its shelves with large films, Amazon turned to external providers. It paid $ 125 million for the rights to “Coming 2 America” ​​and $ 80 million for “Borat Subsequent Moviefilm”. In July, Amazon will be releasing The Tomorrow War, a science fiction spectacle it bought for $ 200 million.

Nicole Sperling contributed to the reporting.

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Business

Taylor Swift to launch ninth studio album ‘Evermore’ at midnight

Taylor Swift performs on stage during the 55th Academy of Country Music Awards at the Grand Ole Opry on September 16, 2020 in Nashville, Tennessee.

ACMA2020 | Getty Images Entertainment | Getty Images

Taylor Swift was inspired and productive during the pandemic. The superstar singer announced on Twitter on Thursday that she was releasing a new album entitled “Evermore” at midnight. It’s a “sister record” to Swift’s “Folklore” album, which was released in July.

“To be clear, we just couldn’t stop writing songs,” wrote Swift. “To put it more poetically, it feels like we are standing on the edge of the folkloric forest with a choice: to turn around and go back or to travel further into the forest of this music. We decided to wander deeper into it.”

The album will contain 15 songs and will cost $ 9.99 for a digital copy of the record. “Evermore” is Swift’s ninth studio album and has two bonus tracks as part of its Deluxe Edition.

Additionally, a music video for a new track called “Willow” will be released at midnight. Like the music video for “Cardigan,” “Willow” was shot during the pandemic and “every precaution” was taken to ensure the safety of Swift and the crew who shot the video.

“I’ve never done this before,” said Swift, an artist with Universal Music Group. “In the past, I’ve always treated albums as one-time epochs and planned the next one after an album was released. Folklore was different. When I made it, I felt less like leaving and more like coming back.”

Like “Folklore”, “Evermore” was written and co-produced by Jack Antonoff and Aaron Dessner from National. Bon Iver returns for the title track “Evermore”, the National is on “Coney Island” and Haim appears in a song called “No Body, No Crime”.

“Folklore” was the first music album to sell a million copies in the US in 2020. It was also their ninth album that reached this milestone.