Before it got released on DVD today, Tron: Legacy managed to play in theaters long enough to establish Joseph Kosinski as the highest-grossing first-time director of a live-action film in Hollywood history. The film’s $399 million global gross recently eclipsed …
Sony About To Recapture James Bond #23; UPDATE: MGM Leverages 007 For Deal On Sony’s ‘The Girl With The Dragon Tattoo’
2ND UPDATE: The new MGM brass, Gary Barber and Roger Birnbaum managed to leverage the James Bond #23 film for a piece of Sony’s in-the-works big movie based on the Stieg Larsson bestseller, The Girl With The Dragon Tattoo, which has already been shooting in Sweden under director David Fincher and starring Rooney Mara. Deadline has learned that Sony Pictures bosses Amy Pascal and Michael Lynton agreed to give MGM a co-financing deal for the big title and possibly other films already shooting, too, to help the reconstituted studio generate quick cash flow. This allows MGM to have revenue which it hasn’t had in a long time, so the books look better, and more funds for production could be forthcoming. (That’s exactly how Birnbaum and Barber built their Spyglass Entertainment in the first place: by investing in films it didn’t make, like the recently rebooted Star Trek.)
UPDATE: We’re told Paramount dropped out of the Bond bidding when MGM insisted on bringing the distribution fee under 8% and when MGM got “grabby” in wanting a piece of a Paramount established franchise that studio didn’t want to give up.
EXCLUSIVE 5 PM: Deadline hears that Sony Pictures is close to landing distribution rights to MGM’s James Bond franchise again, and specifically for the next untitled Bond #23, even though several studios are still very much in the hunt. Sony Pictures chiefs Amy Pascal and Michael Lynton distributed both Daniel Craig 007 pics, Casino Royale and Quantum Of Solace, and now have moved into first position to recapture 007. That’s because Sony is agreeing to allow MGM’s new leadership to leverage the next Bond pic, and indeed the Bond franchise, to create more cash flow for the reconstituted studio post-bankruptcy. The new brass, Spyglass Entertainment co-owners Gary Barber and Roger Birnbaum who are now the Co-Chairmen andCEOs of Metro-Goldwyn-Mayer, are finishing negotiations to co-finance a number of films with Sony. Deadline has learned that Pascal and Lynton have already found a title on the Sony slate for MGM to co-finance. That’s exactly how Birnbaum and Barber built Spyglass in the first place: by investing in films it didn’t make, such as The Sixth Sense and the recently rebooted Star Trek.
There’s no doubt this is a shrewd move by MGM, but Deadline also learned it wasn’t sitting well with the majors. Top execs at Sony and Fox and Paramount and Warner Bros were increasingly frustrated with the way that the Spyglass duo were playing one studio off another — “and enjoying it,” in the words of one exec involved. Sony at the time even described its strategy to win Bond #23 as ”pleading”. Now it looks like that worked along with agreeing to much of MGM’s negotiating terms.
Even though MGM holds sway on where Bond #23 lands, a 007 return to the Sony fold would please EON partners Barbara Broccoli and Michael Wilson. Amy Pascal in particular has developed a strong personal and professional relationship with Broccoli when they were making the transition from Pierce Brosnan to Daniel Craig. Broccoli and Wilson found Craig among a list of possible 007s, and the choice wasn’t popular at first. But Pascal supported Craig. Also Sony has a reputation for spending big to market Bond: for Casino Royale, Sony spent a humongous sum worldwide to introduce the new Bond. MGM was supposed to distribute the 23rd Bond film itself, until the studio was pushed into bankruptcy.
Javier Bardem Offered Big Bond #23 Role; MGM Leveraging 007 Distribution With Co-Financing Deal To Improve Its Cash Flow: Jockeying Studios “Increasingly Frustrated”
EXCLUSIVE: Deadline has just learned that Javier Bardem has been offered a starring role in the upcoming James Bond film recently set for a November 9, 2012, release. Details about the character are being kept under wraps for now. But traditionally the biggest male role opposite 007 is the villain, and Bardem played a truly villainous villain in his Oscar-winning turn in No Country For Old Men two years ago. The EON Productions offer by principals Michael G. Wilson and Barbara Broccoli to Bardem to join star Daniel Craig and director Sam Mendes was made last week, at around the same time that the WME-repped Bardem received his Best Actor nomination for Biutiful and another high-profile offer of a lead role, that of gunslinger Roland Deschain in the Ron Howard-directed trilogy based on Stephen King’s novel series The Dark Tower. (Amidst all this career activity, Bardem and Penelope Cruz welcomed their first son into the world.) But it should be noted that Bardem was offered the high-profile villain role in Oliver Stone’s Wall Street: Money Never Sleeps and turned it down.
The other Bond #23 news is this: Deadline has learned that MGM’s new leadership is trying to leverage the next Bond pic, and indeed the Bond franchise, to create more cash flow for the post-bankruptcy studio. The new brass, Spyglass Entertainment co-owners Gary Barber and Roger Birnbaum who are now the Co-Chairmen/CEOs of Metro-Goldwyn-Mayer Inc, are in the middle of negotiating to make an overall deal for worldwide theatrical and home entertainment distribution of not just Bond but also MGM’s new product as well as its library of films. But what isn’t known is that, as part of that deal, MGM wants whichever studio is chosen to distribute Bond 23 to co-finance a number of films with MGM. ”That would provide MGM quick cash flow,” an insider tells Deadline. “The quick cash flow allows MGM to have revenue which it hasn’t had in a long time. Thereby their books look better, and therefore the possibility of getting more funds for production is increased. So expect whichever studio lands Bond to also announce it is several co-financing deals allowing MGM into other pics that are already shooting.”
There’s no doubt this is a shrewd move by MGM, but Deadline has learned it’s not sitting well with the majors. Top execs at Sony and Fox and Paramount and Warner Bros who are all involved in the negotiations to distribute Bond ”are growing increasingly frustrated with the way that the Spyglass duo are playing one studio off another — and enjoying it,” in the words of one exec involved. One studio even described its strategy to win Bond #23 was reduced recently to ”pleading”.
EXCLUSIVE: MGM is announcing that “BOND 23″ is set to go into production in late 2011. Michael G. Wilson and Barbara Broccoli of EON Productions, together with Gary Barber and Roger Birnbaum, the Co-Chairmen and Chief Executive Officers of Metro-Goldwyn-Mayer Inc., today announced that the 23rd James Bond film will have a worldwide release on November 9, 2012 — just as Deadline last month reported it would. Daniel Craig will be returning as the legendary British secret agent, with Sam Mendes directing a screenplay written by Neal Purvis, Robert Wade and John Logan. That script is being kept under wraps but the story begins after Quantum Of Solace leaves off. The reason for the 007 delay is this: Broccoli and Wilson had been in pre-production on Bond #23 for release in 2011 but then it took almost a year for MGM’s future to sort itself out what with the failed auction sale of the studio, then the pre-packaged bankruptcy getting approval, and eventually Spyglass taking over studio filmmaking.
Meanwhile star Daniel Craig filled in the time with various film commitments which he had to finish. The actor began work on the Hollywood remake of the Swedish original The Girl With The Dragon Tattoo as soon as he completed shooting Cowboys and Aliens in a nifty bit of schedule coordination between two studios and James Bond rights holders Broccoli and Wilson.
Mendes at first was brought on as a “consultant” because of the delays, and is now officially the director. He responded to the Bond delay by setting a feature adaptation of the Ian McEwan novel On Chesil Beach and directing the Broadway-bound musical adaptation of Charlie and the Chocolate Factory.
Yet another James Bond videogame, which also had been held up because of the uncertainty, recently got the go-ahead. Meanwhile, the latest 007 vidgame was for sale this Christmas.
It’s still not clear who will distribute the next Bond. Deadline’s Mike Fleming reported in November that, if MGM isn’t the distributor, the next installment of James Bond will be “a jump ball”. Expect Sony (which distributed Casino Royale) to battle it out with Warner Bros and Fox, but Paramount could emerge in the thick of it because of its close relationship with Spyglass over the film reboot of Star Trek and sequel.
Teetering on the brink of bankruptcy and at the mercy of its creditors, MGM was in the news for more than a year because of its financial woes. While the studio’s beleaguered backers unwisely allowed MGM and its library to languish by not making new movies and benching MGM’s creative and marketing/distribution executives while it staged a futile sales auction that attracted bottom-fishing bids, MGM made sure to meets the minimum obligations to its two gems, James Bond and The Hobbit.
As you know, the James Bond filmmakers operate with great autonomy and watching the MGM situation unfold with a mixture of dismay and curiosity. Dismay because Bond’s longtime studio home was a mess. And curiosity because Broccoli and Wilson hoped to move Bond to a fully functioning studio. Like Sony, where Amy Pascal was dying to keep the famous franchise. Or Fox, which handled Bond’s DVD distribution. Broccoli and Wilson very deliberately made certain they didn’t do anything on Bond #23 which tied the movie further to MGM. (That’s why Mendes was hired as a consulting, not the director. Because once EON hires a director on their Bond films, it triggers a first payment from MGM.) Once the MGM auction apparently busted, EON Productions wanted to keep all its options open.
Meanwhile, Bond 23 may now be casting.
American Beauty‘s Kevin Spacey and Sam Mendes have formalized their plans to re-team in a stage production of Richard III, which will premiere at Spacey’s haunt The Old Vic June 29, 2011 and transplant to the Brooklyn Academy of …
Reading these obits on James Bond, I think reports of 007′s motion picture demise because of MGM’s near-bankruptcy have been greatly exaggerated. Despite an article out of the UK that spread virally, insiders insist nothing tangible has happened. While Sony, Fox, and Warner …