Lionsgate/Summit conjured this trailer for the heist movie in which a team of illusionists rob banks during their performances and share the booty with their audiences. Louis Leterrier directs from a script by Boaz Yakin and Edward Ricourt. Jesse Eisenberg, Isla Fisher, Morgan Freeman, Woody Harrelson, Mark Ruffalo, Michael Caine, Elias Koteas and Common star in Now You See Me. Opens June 7th, 2013:
Summit Entertainment is bearing down on the male lead in Divergent, the adaptation of the Neil Burger-directed adaptation of the Veronica Roth novel that will star Shailene Woodley. She’s the next hot gal after a breakout performance in The Descendants, followed by scoring the Mary Jane role in The Amazing Spider-Man sequel. I’m told that Summit held Divergent “chemistry” readings yesterday that paired Woodley with four young actors: Luke Bracey, Brenton Thwaites, Lucas Till and Jack Reynor.
Since I barely got my high school Regent’s diploma with a 65 in chemistry (at the time it was a jump shot at the buzzer following the 32 I scored in trigonometry), I am the wrong person to ask about who emerged with a leg up by acing this chemistry test. But I think it means we should have a winner shortly, and it likely will be one of these up and comers.
UPDATE: More photos of global Twi-Hards at the Summit Entertainment-hosted tent city in Downtown LA and are assigned their “camping spot” at LA Live in front of the Nokia Theater. Fans line up for Monday’s premiere of the last movie in the Twilight Saga series – Breaking Dawn Part 2:
Do not diss these fans from around the world today braving the rain and beginning to arrive at the Summit Entertainment-hosted fan camp in Downtown LA. Given the precarious state of the North American box office, an event pic like this is just what the doctor ordered for Hollywood’s up-and-down box office. If you’re experiencing deja vu, that’s because this mania happens every time Summit has released one of Stephenie Meyer’s Twilight Saga novels as a film since 2008. But now the series is coming to a end. Here are photos of Twi-hards waiting to be assigned their ”camping spot” at LA Live in front of the Nokia Theater. All to glimpse the stars of the final installment Breaking Dawn Part 2 walk the red carpet at Monday’s premiere — especially Kristen Stewart and Rob Pattinson, together again — and live-streamed on Yahoo Movies. This year Summit is offering camping spots to 2,200, making this the franchise’s largest camp to date and nearly double last year’s. The studio has planned various events to relieve the inevitable boredom of the campers this weekend: fitness workouts, musical concerts, cast breakfasts, and Twilight Saga screenings. Meanwhile the big online ticket-sellers already are doing a brisk business for the film which releases in North America at 10 PM on November 15 at many local theaters and then around the world via multiple show times November 16th. Theater owners will be scrambling all Thursday to add more screenings to meet fan demand. Advance ticket sales for the film accounted for nearly 30% of MovieTickets and Fandango sales for Wednesday. Here’s the LA Live weekend schedule:
EXCLUSIVE: Suddenly, The Descendants breakout Shailene Woodley has become the hot young actress in town. She’s in talks to play the Mary Jane role in The Amazing Spider-Man sequel, and now I hear she is …
Media companies usually don’t crow about the size of their revolving credit facilities. But Lionsgate‘s release today makes it clear that it sees its new deal as a vote of confidence by the banking community in the independent studio’s prospects following its acquisition of Summit Entertainment and success with The Hunger Games. JPMorgan Entertainment Industries Group’s David Shaheen calls it “a testament to the Company’s strong relationships with the financing community and the value of its franchises and filmed entertainment library, and it reflects the significant recent expansion of the Company’s borrowing base.”
The new facility replaces the five-year one due to expire this July. It carries the same interest rate, LIBOR plus 2.5% — which translates to about 3% in today’s low interest rate environment. That should enable the studio to pay down its $436M in high-yield debt which carries a 10% interest rate, potentially resulting in a savings of as much as $30M a year just on interest payments. Big as the Lionsgate facility is, it’s still smaller than Viacom’s $2B facility in 2010 and DreamWorks Animation’s $1B one in 2003.
Here’s the release:
EXCLUSIVE: Summit Entertainment has acquired feature rights to Pennyroyal’s Princess Boot Camp, the M.A. Larson novel that had been optioned by Reese Witherspoon and Bruna Papandrea and their Pacific Standard production banner. Witherspoon latched onto the book early with the intention of playing a supporting role as well as producing. It was the first project they picked up when Pacific Standard was formed in March. The unpublished novel was recently picked up by Putnam Children’s for a two-book series.
This was a weird quarter for the independent studio. The good news? Revenues of $645.2M were up 71% vs. the quarter last year that ended in March, largely due to the box office bonanza from The …