NEW YORK, NY (October 31, 2012) – News Corporation today announced it will donate $1 million to help victims of Hurricane Sandy — $500,000 to the Mayor’s Fund for NYC and $500,000 for relief in New Jersey. The storm affected millions of people and, with the Company’s global headquarters in New York City, had a direct impact on the communities within which many News Corporation employees live and work. READ MORE »
The 2012 American Film Market gets underway tomorrow with more than 120 new buying companies and a 10% increase in buyers, organizers say. The 2,000-plus projects set for the annual Santa Monica confab October 31-November 7 will be on offer from the roughly 350 companies that are exhibiting. Hurricane Sandy‘s impact on attendance is still unclear: AFM said Monday that arrivals for about 15 companies may be delayed due to the storm. “It’s primarily New York-based companies or those connecting through New York from Europe,” an AFM spokesperson said. More than 440 motion pictures — including 82 world premieres and 327 market premieres from more than 70 countries — are scheduled to screen over the eight days. Films premiering include ones starring Annette Bening, Helena Bonham Carter, Chow Yun-Fat, Jennifer Connelly, Roman Coppola, Elle Fanning, James Franco, Christina Hendricks, Dustin Hoffman, Kate Hudson, Julianne Moore, Bill Murray, Gwyneth Paltrow, Mark Ruffalo, Philip Seymour Hoffman, Alexander Skarsgård, Juno Temple, Kristen Wiig and Elijah Wood.
Hurricane Sandy is “more serious, and has caused more damage that has affected more shows and movies, than I can remember” from a similar disaster, says Brian Kingman, managing director of Gallagher Entertainment, a leading insurance broker for producers. It’s still too early to say how much the storm will cost media and entertainment companies, or the firms that insure them. Movies and TV shows hit by a weather disaster often lose more from carrying costs tied to shooting delays than from property damage. So a lot depends on how quickly services resume in production sites including New York City, where 1.8M people are without electricity, mass transportation is down, and several major bridges and tunnels are still closed. The NYC Mayor’s Office of Media and Entertainment revoked all film permits for Monday and today. It says that it will approve permits tomorrow for “qualified stages” but not exterior shoots.
UPDATE, 3:30 PM: The New York Stock Exchange will suspend trading for a second day because of weather for the first time since 1888. “It’s a monumental event, and we take it very seriously,” said …