Paramount Pictures has extended its relationship with the studio’s most prolific co-financier/producer Skydance Productions, the film producer-financier run by David Ellison, will extend its relationship with the studio for another four years. That keeps in the fold the company that has become a steady producing and financing partner on the studio’s biggest-budget popcorn films. The extension will also encompass the production of at least two final installments of The Terminator, which Ellison and his sister Megan brought into Paramount just recently.
Skydance will make three to four event movies per year, and brings an annual production financing budget of between $200 million and $250 million per year. Ellison and his team are also involved in many of the projects as creative producers as well. Since the original deal was inked in 2010, Skydance has done what was hoped, which was to deliver commercial films that succeeded globally. Among the movies made by the partnership in that stretch were True Grit, Mission: Impossible – Ghost Protocol, Jack Reacher, G.I. Joe: Retaliation, Star Trek Into Darkness and most recently the Brad Pitt-starrer World War Z. Combined, those films have made more than $2.4 billion at the global box office. “Our partnership with David and Skydance has been tremendously successful,” said Paramount Pictures Chairman and CEO Brad Grey in a statement. “We are very pleased to extend our relationship and look forward to many more successful years ahead.”
As part of the agreement, Skydance will continue to have the option to co-finance and co-produce certain Paramount properties in which the studio is seeking a co-financing and creative partner. Paramount, in turn, will have first rights on all Skydance projects in development with the opportunity to co-finance and distribute movies that the company produces.
Currently, the partnership is working on Jack Ryan, the reboot of the Tom Clancy spy franchise starring Chris Pine, directed by Kenneth Branagh and set for a December 25 bow; and a new Terminator movie in partnership with Megan Ellison’s Annapurna Pictures, set for a June 2015 release. Also in development are new installments of the Mission: Impossible, G.I. Joe and Star Trek franchises as well as a long-in-the-works sequel to Top Gun.
RELATED: Megan And David Ellison Will Each Pay 33% Of ‘Terminator’ Costs; Paramount Paying The Rest To Bring Arnold Back
Paramount has confirmed the long in the works deal to cofinance and distribute the reboot of James Cameron’s Terminator franchise … Read More »
Less than two months after its launch, Skydance Television today announced one new hire and a pair of promotions. Carolyn Harris joins … Read More »
EXCLUSIVE DETAILS: A spate of reports of movement on The Terminator franchise is a good sign that the franchise is finally starting to percolate again. I’ve learned that each Ellison — David and Megan, both scions of Oracle chief Larry Ellison — will finance 33% of the film’s budget, with Paramount finding the remaining third. Arnold Schwarzenegger himself said yesterday during an appearance in Sydney that he’s coming back and the movie will start shooting in January. None of this is really a surprise: Back in December, Megan Ellison, who’d spent $20 million to buy The Terminator sequel rights during 2011 Cannes, partnered on the franchise with her brother David. She makes prestige films and he makes popcorn fare like Star Trek and Mission: Impossible sequels, so the union made sense. The Wrap claimed an exclusive that Paramount would be the distributor. Well, through Skydance Productions, David makes all his movies with Paramount, so it was kind of obvious the films would likely land there. Skydance and Paramount are just coming through the gigantic ordeal of making World War Z, which, despite a massive budget, looks like it will do some serious global business.
As for Schwarzenegger, he’s been attached since back in May 2011, when Megan Ellison beat out Lionsgate and paid around $20 million for the franchise. She bought it from Pacificor, which had paid $29.5 million to pull the property out of bankruptcy. The latest rumor is that Megan Ellison would make a hail mary pass attempt to draft her Zero Dark Thirty director Kathryn Bigelow. That would be a coup, but it’s being denied, which means either that it’s not true, or Bigelow passed already. The project has been director-less since Fast 6‘s Justin Lin bowed out of the project when it was being developed solely by Megan Ellison. I met Lin at Sundance and he made it clear he wouldn’t return because he was not involved in the development of the script. Ellison in January hired Avatar and Shutter Island‘s Laeta Kalogridis and My Bloody Valentine‘s Patrick Lussier to write the script, so it stands to reason that the film should be ready to shoot by early next year. Read More »
David Ellison‘s film production and financing company Skydance is entering the TV business with the May 1 launch of a television division, Skydance TV. It will be headed by former senior Fox executive Marcy Ross, who will serve as president of Skydance TV. The expansion into TV is part of Skydance’s rapid growth over the past three years. The company was founded by Ellison, son of Oracle founder Larry Ellison, in 2010 when he raised $350 million to co-finance movies with Paramount Pictures that has resulted in such films as Mission: Impossible – Ghost Protocol, Jack Reacher, G.I. Joe: Retaliation and the upcoming World War Z and Star Trek Into Darkness. Ross spent the last decade at Fox as SVP and EVP of Current Programming. She has led the network team that oversees all new and returning scripted series, including newcomer The Following, veterans Bones, Family Guy and The Simpsons as well as American Dad, Glee, New Girl, Raising Hope and Touch. “During her tenure at Fox, Marcy has developed and produced some of the best shows on television that have entertained audiences around the world,” Skydance president and CEO Ellison said. “We are thrilled to welcome her into the Skydance family to help pioneer our entrance into this wonderful medium of storytelling.” Read More »
EXCLUSIVE: Skydance Productions and Annapurna Pictures have set Laeta Kalogridis and Patrick Lussier to script the next installment of The Terminator franchise.
Her credits include Avatar, Shutter Island and Alexander, produced White House Down. Lussier scripted Wes Craven’s Dracula … Read More »
EXCLUSIVE: In a seven-figure deal, David Ellison’s Skydance Productions has pre-emptively purchased an untitled global disaster film spec script written by Dean Devlin and Paul Guyot. Devlin will make his feature directing debut. Skydance’s Ellison and Dana Goldberg will produce with Devlin and his Electric Entertainment team of Marc Roskin and Rachel Olschan.
Devlin returns to the global destruction sandbox he played in when he and then-partner Roland Emmerich sold their Independence Day spec for millions, a guaranteed Fox green light and release date, and a global gross north of $800 million. They continued the destruction with Godzilla. While Emmerich continued crushing the planet with The Day After and 2012 (he and Devlin are working on two Independence Day sequels), Devlin formed Electric Entertainment and has put together movies (one was Flyboys, which featured avid aviator Ellison onscreen), and the Noah Wyle telepic series The Librarian. Devlin is currently exec producer of the TNT series Leverage. Guyot, Devlin’s co-writer on the spec, is supervising producer of that series. Read More »
EXCLUSIVE: Nearly 18 months after Megan Ellison pledged over $20 million for the rights to finish The Terminator‘s humanity vs the Skynet cyborgs storyline with a new series of films, she has finally closed the complicated rights deal with Pacificorp. Other than the fact no progress has been made all this time on a script, the surprise here is Ellison has enlisted her brother, David Ellison, to be her financial and creative partner. There is still no studio attached, but future Terminator films will be done as a co-production between her Annapurna Pictures and his Skydance Productions. The Ellisons will produce, while Dana Goldberg, Paul Schwake and Ted Schipper will be exec producers.
Even though Pacificorp spent $29.5 million several years ago to win the rights after Halcyon turned them over to bankruptcy court, insiders tell me that the big numbers in place 18 months ago have been adjusted downward. That is because of the uncomfortable specter of a ticking clock that has continued to wind down as no forward progress was being made. New copyright laws allow for North American rights to The Terminator to revert back to creator James Cameron in 2019 (that happens after 35 years, and The Terminator was 1984). While that law hasn’t been tested in the courts, no major film company would want to move forward on a project with a potentially catastrophic rights crisis looming. So the original pricey deal — made with the expectations there would be three films — was scaled down because the reality is they might only get to make two installments. Four films have been made so far, the first two directed by Cameron, another by Jonathan Mostow and the last, 2009′s Terminator Salvation, helmed by McG. Read More »
EXCLUSIVE: Eli Craig has been set to rewrite and direct Your Bridesmaid’s A Bitch, a comedy that Circle of Confusion is producing with David Ellison’s Skydance. Skydance will finance the film. The comedy revolves around a groomsman who faces off … Read More »
EXCLUSIVE: David Ellison’s Skydance Productions, which has been in the middle of the recent Paramount hits Mission: Impossible — Ghost Protocol and True Grit, is making good on its promise to develop its own original material. Ellison has set Laeta Kalogridis and Patrick Lussier to script an original science fiction adventure based on an idea hatched at Skydance.
They are keeping the idea close to the vest. Kalogridis’ scripting credits include Shutter Island and Alexander, and she was exec producer of Avatar. With her Mythology Entertainment partners Bradley Fischer and James Vanderbilt, she’s producing White House Down, the Vanderbilt-scripted drama that Roland Emmerich will direct for Sony Pictures. As for Lussier, his script credits include Wes Craven’s Dracula trilogies, My Bloody Valentine and Drive Angry. He is separately co-writing an untitled thriller for producer Jason Blum that Lussier will direct. Read More »
EXCLUSIVE: David Ellison’s Skydance Productions has made a preemptive acquisition of Bad In Bed. The comedy pitch will be written by Pamela Falk and Michael Ellis, the scribes behind The Wedding Planner. They describe it as a racy high concept … Read More »
BREAKING: Details are sketchy at the moment, but Alex Kurtzman and Roberto Orci’s studio-based K/O Paper Products company is in negotiations to join David Ellison’s Skydance Productions. The deal would be uniquely structured, sources say; Skydance declined comment. Kurtzman and … Read More »
EXCLUSIVE: A major shake up is taking place at Arnon Milchan’s New Regency. Co-chairmen Bob Harper and Hutch Parker will not renew their contracts when they expire in December. I’ve confirmed with Harper that he and Parker are negotiating their exits. There had recently been a ripple of rumors about this, and there will be the inevitable speculation over whether the duo are jumping before being pushed. Harper didn’t get into that, but said that he was confirming because he and Parker were aware of the rumors and were most concerned with reassuring filmmakers with Regency projects that the duo would continue to be closely involved and see those films through to release. Harper also said the decision came after months of conversations with Milchan over whether or not to renew. Recently, they came to the conclusion that this was the best course. Milchan could conceivably name a replacement quickly, but Harper told me that he and Parker will continue to see through the completed films as well as some of the projects that are gearing up for production starts, regardless of how quickly the succession takes place.
Harper had been in the job for four years (he moved from the post of vice chairman of Fox Filmed Entertainment and has worked for Fox since 1986), and Parker had been in the post for more than three years (he moved over from the post of 20th Century Fox vice chairman, and had been with the studio 13 years when he took the job). They have been involved in every facet of New Regency films, including production, marketing, distribution and administering the library. Harper said it is unclear what will happen next year, and that he and Harper haven’t solidified their plans. I wouldn’t be surprised if they remain on the Fox lot as producers or in some other capacity. Read More »
BREAKING: An announcement just went out that Jean-Luc De Fanti, Jeff Sagansky and Eli Baker have launched the Hemisphere Tentpole Co-Financing Fund, a revolving equity and debt fund that intends to co-finance 12-16 films over a four- to five-year period. They start with last weekend’s The Smurfs, and the upcoming The Adventures of Tin Tin, Men In Black 3 and World War Z. My colleague Nikki Finke broke most of this stuff last week, when she wrote that Sagansky, De Fanti and Baker’s Winchester was behind the co-financing effort. They are simply calling it by another name. The new wrinkle is World War Z, the Brad Pitt zombie movie. Paramount insiders said there was another financing entity besides the studio and David Ellison’s Skydance that got the $125 million movie moving, but they wouldn’t reveal the funding source. Obviously is was Hemisphere. Here’s the official release: Read More »
EXCLUSIVE: Paramount Pictures and Skydance Productions have closed a deal with Tom Cruise to play Jack Reacher in One Shot, the thriller based on the Lee Child bestselling book series about the former military policeman-turned-drifter. An early fall start date … Read More »
EXCLUSIVE: In the past month, the screenwriting team of Ashley Miller & Zack Stentz have seen their script work on Thor and X-Men: First Class lead to big opening weekends. The scribes are capitalizing on their heat by making film … Read More »
While there have been reports that Paramount might kill World War Z because of a $125 million budget and no partners, I’m hearing that hot and heavy talks are going on with David Ellison’s Skydance and as many as two … Read More »
EXCLUSIVE: David Ellison’s Skydance Productions is negotiating a rights deal to turn the 1970s animated science fiction TV series Star Blazers into a large scale live action feature. Ellison will hire Christopher McQuarrie to write the script, with Ellison and … Read More »
Let’s agree on this: Hollywood remains a haven for nepotism. It also opens its arms to anyone with money. So Oracle founder/CEO Larry Ellison’s 27-year-old son is welcomed as long as he’s coming up with $350M to co-fund movies. Funny how … Read More »