Tag: Business
Top Gun: Maverick Too Patriotic for China
Tom Cruise isn’t just facing on-screen enemies this weekend. The Wall Street Journal reports that Tencent Holdings, a Chinese multimedia conglomerate, has pulled its investment in Top Gun: Maverick because the film is too patriotic. (The Journal is behind a paywall, but JoBlo has a rundown.) Tence...
Read MoreEA Shopping for Acquisition or Merger With Disney, Apple, and Others
The gaming industry is rapidly changing, and EA is no exception, as they are now looking to either merge or be acquired by a big name like Apple or Disney. EA has become the most recent games company to seek a merger after Microsoft acquired Activision Blizzard for nearly $70 billion back in January...
Read MoreDisney Will be Fine Without China, Says Bob Chapek
On yesterday’s Disney Q2 earnings call, CEO Bob Chapek essentially said the company’s films would thrive with or without the coveted Chinese market. This comment comes following that country’s banning of Marvel Studios’ Doctor Strange in the Multiverse of Madness. On the call, he also correc...
Read MoreDisney’s Alleged Extortion Revealed By Industry Analyst
Disney has allegedly been extorting cinema chains to maximize viewership and profitability of their new releases, according to a Variety article. In the article, box office analyst Jeff Bock says Disney doesn’t negotiate. Instead, they dictate to theaters terms for how often one of their movie...
Read MoreLouis Leterrier Replacing Justin Lin on Fast X
The next entry in the Fast and Furious franchise has a new driver. A week after director Justin Lin abruptly left the production of Fast X, Variety reports that Louis Leterrier will take his place once schedules are determined. Leterrier has helmed the first two Transporter movies with Jason Statham...
Read MorePeacock Acquires Lionsgate Streaming Rights
Peacock is looking to secure the lion’s share of streaming entertainment. According to The Hollywood Reporter, NBC’s streaming service has struck a deal with Lionsgate for all of the studio’s 2022 theatrical releases. A week ago, Lionsgate made a similar deal with The Roku Channel, where it cr...
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