The tie-up is a non-exclusive pact that will see Virgin Produced have the option to co-finance, co-produce and co-market a sequel to Columbia’s dystopian sci-fi pic with Will Smith and James Lassiter’s Overbrook. That’s of course if a sequel is warranted after the pic’s May 31 release. The deal means Virgin will also support the upcoming tentpole starring Smith and his son Jaden Smith and directed by M. Night Shyamalan, with those initiatives to be announced soon. The companies said that going forward they will look to develop film and TV properties together, in which Virgin Produced would co-produce and market across its expansive global platforms. In After Earth, a crash landing leaves teenager Kitai Raige (Jaden Smith) and his legendary father Cypher (Will Smith) stranded on Earth 1,000 years after cataclysmic events forced humanity’s escape. With Cypher critically injured, Kitai must embark on a perilous journey to signal for help. Those themes of family and Earth’s vulnerability drew the companies together. “As a company, we saw the opportunity to team up with one of the industry’s leading film and television production companies that also embraces this mission”, Virgin co-founder Jason Felts said in the deal announcement. “That’s why we’re excited to partner with Overbrook on future films.”
EXCLUSIVE: Warner Bros has closed deals with Akiva Goldsman and Overbrook Entertainment to produce another installment of I Am Legend, the 2007 hit film. The intention is for Will Smith to reprise his role as scientist Robert Neville, who was the last man on Earth doing battle with a mutated mob in New York City after an apocalyptic man-made virus wiped out the population. A deal was made with Arash Amel to write the script. The film is not being called a prequel, which had been rumored for the past few years. But clearly Warner Bros sees more room to roam on a film that grossed $584 million worldwide. The original film is based on the novel by Richard Matheson.
Simon Cowell’s SYCO ENTERTAINMENT has partnered with Jada Pinkett-Smith and Will Smith’s OVERBROOK ENTERTAINMENT on the development and launch of a live, new international TV format to find the world’s greatest DJs.
This new format has already been developed and will be co-produced by SYCO and OVERBROOK. The show will capture the incredible rise of the DJ phenomena. It has been in development for over a year and SYCO, OE and Sony Pictures Television will soon announce their broadcast partners in both the US and the UK.
2ND UPDATE, 12:25 AM: First there was the $35,800-per-person fundraising dinner tonight with Will Smith hosted by his Overbrook Entertainment producing partner and manager James Lassiter. Then President Obama headed over to the home of Antonio Banderas and Melanie Griffith for a somewhat lower-key event aimed at Latino supporters. He was introduced by Eva Longoria who said Obama “knows he’s the president of all Americans” and that “we thank you for everything you’re doing.” Obama leaves town after Tuesday’s Jay Leno taping.
UPDATE (correcting misidentification), 8:01 p.m.: This evening’s Los Angeles traffic snarl at rush hour was just that much worse because President Barack Obama arrived at LAX on board Air Force One at 4:30 PM. He’s attending two Hollywood political fundraisers for the Democratic Party tonight, first at producer James Lassiter’s mansion and then Melanie Griffith’s and Antonio Banderas’ home. Potus will be making a Tonight Show appearance with Jay Leno tomorrow before jetting out of town. According to the White House pool report, Obama first helicoptered to a landing zone in Brentwood and the motorcade made an “off-the-record” visit to Roscoe’s chicken and waffle house. The president ordered at the counter for himself (and nearby aides) the No. 9 “Country Boy” – 3 wings with choice of waffle, potato salad or French fries ($8.90). He then started chatting with diners. I say who cares if you like Obama’s politics or not: he’s got good taste when it comes to LA’s favorite eats.
Then the motorcade traveled to Hancock Park for the first fundraiser hosted by Lassiter, who is Will Smith’s production partner in Overbrook Entertainment which manages the entire Pinkett-Smith family. Here is the pool report written by the Los Angeles Times‘ Peter Nicholas:
Los Angeles, Calif., January 26, 2011 – Overbrook Entertainment partners James Lassiter, Ken Stovitz, Jada Pinkett Smith and Will Smith have formed a joint venture with Shawn “JAY-Z” Carter to develop and produce major motion pictures. One of the projects being discussed is the re-imagination of the classic Broadway
Paramount Pictures closed a deal to acquire Wheeler Dealers, a pitch for a drama that will be written by Michael Lerner. It’s based on the true story of a group of Miami twenty-somethings who landed a $300 million Pentagon contract to acquire massive stockpiles of old Chinese ammunition that wound …
EXCLUSIVE: Will Smith has attached himself to star in and produce The Legend Of Cain, an epic re-telling of the Biblical sibling tale, this time with a vampiric twist. Smith will play Cain, the original Bad Boy, and he will produce …