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Spielberg Strikes Huge Universal Deal

Universal Studios to distribute up to 6 films a year

(Newser) - Steven Spielberg is returning to the Hollywood studio where he made his classic blockbusters Jaws and ET.  Spielberg's DreamWorks, backed with $1.4 billion in new financing, has struck a seven-year distribution deal with Universal for as many as six new releases a year, according to the Hollywood Reporter....

Jones Sues for $10M in No Country Pay

Paramount hasn't coughed up promised bonuses, he argues

(Newser) - Actor Tommy Lee Jones has sued the producers of Oscar Award-winning No Country for Old Men for $10 million he claims is owed him. The suit charges Paramount Pictures failed to pay Jones a promised chunk of "significant box-office bonuses" and other compensation linked to the success of the...

Summer Movies Smash Record
 Summer Movies Smash Record

Summer Movies Smash Record

Blockbusters boost studios to record-breaking sales

(Newser) - Hollywood studios are reeling in their highest-grossing summer ever, the Los Angeles Times reports. Domestic ticket sales stand at $3.9 billion, up from last year's record-breaking summer. A steady stream of smash hits—and higher ticket prices—accounted for the record take, more than making up for costly flops...

Get Smart Gets Rich at Box Office

Mike Myers' 'Love Guru' fails to impress

(Newser) - Mike Myers' Love Guru failed to work its mojo at the box office this weekend, caving to Get Smart, which raked in $39.1 million. It wasn't a close race: Myers' live-action comedy grossed $14 million, coming in at No. 4. The Incredible Hulk and Kung Fu Panda—in their...

DreamWorks Near Bollywood Alliance
DreamWorks Near Bollywood Alliance

DreamWorks Near Bollywood Alliance

Deal would speed Spielberg team's Paramount departure

(Newser) - Steven Spielberg's DreamWorks venture is closing in on a deal with an Indian media conglomerate that could fund a break from Paramount Pictures, the Wall Street Journal reports. Mumbai-based Reliance, a conglomerate with stakes in telecom, finance, and entertainment looking to expand into Hollywood, could bring as much as $600...

Iron Man Blasts Off at Box Office

Action flick is 10th highest opener ever

(Newser) - Paramount and Marvel struck gold with Iron Man this weekend, raking in $201 million worldwide in the tenth-best opening ever, Variety reports. The male-skewing film left room for Made of Honor to draw in women and $15.5 million in second spot. 

Warner Bros. Backs Blu-Ray
Warner Bros. Backs Blu-Ray

Warner Bros. Backs Blu-Ray

Future of HD DVD format now in question

(Newser) - Warner Bros. will release new high-def films exclusively in Blu-ray format, the Wall Street Journal reports. The decision marks a major setback for the embattled rival HD DVD format—now adopted by only two studios, Universal and Paramount—and could be a tipping point in the ongoing format war that...

Things That Won't Shake The Media World in 2008

BusinessWeek columnist takes a stab at '08 predictions

(Newser) - Overloaded with prediction lists, Business Week polishes the crystal ball and looks ahead to see what won't happen in the media world  in 2008.
  1. The writers won't win the current strike
  2. DreamWorks isn't going to leave Paramount after all
  3. Apple won't reinvent TV viewing
  4. "Juno" won't win an Oscar
...

Microsoft, Viacom Ally to Check Google

Partnership aims to counter search giant's ad growth

(Newser) - Microsoft and Viacom joined forces to counter Google's growth in the ad market yesterday, with a 5-year, $500-million partnership. Microsoft gets audio and video content from Viacom, and is a preferred partner in online gaming. Viacom will switch its ad placement from DoubleClick, which Google is about to buy, to...

Why Can't They Just Get Along?
Why Can't They Just Get Along?

Why Can't They Just Get Along?

Inside the bitter feud that's breaking up Dreamworks and Paramount

(Newser) - Less than two years after Paramount acquired DreamWorks, executive tempers have boiled over. The much-heralded union has degenerated into a series of scathing personal attacks between the principals, Sumner Redstone and David Geffen. Shuttling between the bigwigs, Vanity Fair offers an in-depth look at the Hollywood war—and maybe even...

I Am Not a Kook But I Play One on TV

Shatner uninvited to reprise Capt. Kirk in new Trek flick

(Newser) - Beam me up, Scotty...please?  When the gazillionth Star Trek movie goes into production, it will go there without the original Captain Kirk. While the latest movie incarnation of Star Trek will include the veteran Spock character, played by Leonard Nimoy, director J.J Abrams has passed on including William...

Hey Brother, Can You Spare a Screenplay?

Hollywood desperate to finish scripts before Halloween writer strike

(Newser) - Last week, Paramount issued an urgent call for someone, anyone, to doctor its Wolverine script—fast. Across Hollywood, studios and writers alike are desperately rushing to finish scripts before the Writers' Guild’s Halloween strike deadline, the LA Times reports. “Everybody is living in the impending doom,” said...

Hard Work Has Cruise's Studio Poised to Strike

Now, a big hit would complete resuscitation of United Artists

(Newser) - Tom Cruise and longtime producing partner Paula Wagner, 15 months after being publicly bounced from Paramount, have a line of high-end films ready to roll as they attempt to rejuvenate the United Artists studio. A hit would solidify the pair's rebuilding effort, Business Week reports, and first up is Cruise...

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