I’m being told there’s really nothing new with these explanatary conversations. And, anyway, Lionsgate can’t do any kind of deal with MGM unless the studio management brokers some settlement with 32% shareholder Carl Icahn, who has made it clear he won’t approve any big buys by the studio right now. Strange that this is coming on the heels of reports that Spyglass is in the lead to run MGM. (Spyglass Beating Summit To Run MGM?)
Lionsgate management attempted a lowball bid of $1.3B-$1.4B during the MGM auction and then dropped out in March. That’s the last time Lionsgate defied Icahn’s warning not to do any major deals. Among other customary conditions, Icahn’s offer has tightened the reins on Lionsgate not to “enter into any material transaction outside of the ordinary course of business (including any acquisition of assets over $100 million, and any issuance of securities other than upon the exercise of currently outstanding options)”. Though buying MGM would make Lionsgate a bigger player in Hollywood, such an acquisition would add tremendous debt to the studio. And if they gave stock to a seller, then it would dilute Icahn’s stake. Carl wouldn’t be happy about that.
Here we go again. A rumor, which is making the rounds today, has Fox’s American Idol switching its Tuesday 8 PM/Wednesday 9 PM broadcast pattern to Wednesday 9 PM/Thursday 9 PM next season. While Idol could finally be on the move … Read More »
Jamie Foxx is mentoring the Top Four contestants on American Idol tonight amidst persistent chatter that he is being considered for the soon-to-be-vacated judge’s chair of Simon Cowell. The Foxx rumor first surfaced in January when the actor/R&B singer was quoted … Read More »
UPDATE: The rumors keep flying about where Bob Berney will land. Deadline has already posted Team Harvey’s denial that the ex-Apparitions chief is headed to the Weinsteins. At least not yet. (Berney Exit Blindsides Apparition) Now the latest chatter is that Berney … Read More »
UPDATE: Insiders are denying the rumor that Bob Berney is going to work with Harvey and Bob Weinstein. I’m told there haven’t been any talks — yet. Meanwhile, I’ve learned that Berney has the ability to take key staffers with him wherever he’s … Read More »
EXCLUSIVE: Green Hornet is moving its release date from December 22nd to Martin Luther King Weekend, which is January 14, 2011, so it can be converted into 3D. Sony is using the term “3D enhancements”. (Because no visual effects on the film … Read More »
UPDATE FRIDAY PM: Rumor is Michael Landes also tested for the role.
EXCLUSIVE: Comedian Nick Thune, True Blood’s Michael McMillian and John Forest, are in contention to replace Patton Oswalt on NBC’s comedy pilot Beach Lane. The three are screen testing with star Matthew Broderick. Beach Lane stars Broderick as a celebrity … Read More »
I’m told Marvel Studios is in final negotiations for Buffy the Vampire Slayer series architect Joss Whedon to direct Marvel Studios’ The Avengers. That’s the fast-tracked film that would amount to an all-star team of Marvel superheros, including Iron … Read More »
Don’t believe the rumors. Akiva Goldsman won’t be directing Paranormal Activity 2, but he has boarded the project. Goldsman became executive producer and is helping to flesh out the sequel story with the producing team of Oren … Read More »
Universal won’t start production this spring on Central Intelligence, the comedy that had The Office‘s Ed Helms starring and Dean Parisot directing. Rumors raced yesterday that the film was scrapped. Insiders insist that isn’t so. I’ve learned the comedy won’t likely come before Helms reprises in The Hangover sequel, giving … Read More »
I’m assured there is no truth to the Internet rumors circulating that Barbara Marcus will be the next publisher of DC Comics. A bigtime kid books publisher, Marcus is pals with DC Entertainment president after they launched the licensing partnership between Scholastic and Warner Bros for the Harry Potter films.
The Internet is filling up with chatter here and here about how Dan DiDio, the SVP/Executive Editor for DC Comics, is determined to push not only a sequel to the Watchmen graphic novel, but a multiple prequel comic book … Read More »
2ND UPDATE: I love awards season because my email and voicemail get filled with negative campaigning about all the Academy Awards hopefuls. (Such holiday cheer is out here!) Over the years, I’ve reported on the studio badmouthing of heavyweight … Read More »
EXCLUSIVE: You know I’m insecure about my geek bonafides which I’ve been trying to improve in recent years. (Heck, I grew up never reading a single comic book.) … Read More »
I can confirm that there is NO truth to that ridiculously wrong Internet report that newly elected SAG president Ken Howard has undergone back surgery and has already handed over his office at 5757 Wilshire Blvd to newly elected Secretary-Treasurer (and fellow … Read More »