Category: Production House

  • MGM Studios explores prospect of sale

    MGM Studios explores prospect of sale

    NEW DELHI: Iconic Hollywood studio MGM has appointed two investment banks to explore the prospect of a sale, The Wall Street Journal has reported. For the record, there have been talks in the market about MGM being sold for several years now, all of which have failed to materialise.

    MGM, currently valued at $5.5 billion, has brought onboard Morgan Stanley and LionTree LLC as consultants on the process of a formal sale. The studio is owned by hedge funds Anchorage Capital, Highland Capital and Solus Alternative Asset Management, who acquired the company out of bankruptcy in 2010. The acquisition reportedly cost $10 billion but the onslaught of the novel Coronavirus has further devalued the legacy production company, which has a chequered history when it comes to its financial well-being. MGM also gave the pink slip to at least 50 employees and furloughed a third of its staff in April due to the economic fallout from Covid2019.

    In fact, the next instalment of its blockbuster James Bond franchise, No Time to Die, has been delayed several times due to the pandemic, and is now slated for an April 2021 release. However, industry pundits forecast the movie will be pushed back further because people are not going to theatres, as evidenced by the lukewarm response to the international release of Warner Bros’ superhero flick Wonder Woman 1984.

    As streaming gained rapid momentum, MGM held preliminary talks with Apple, Netflix and other global media companies about an acquisition earlier this year. It’s no secret that these OTT giants are continually looking to bolster their libraries to slake audiences’ thirst for more content, in their quest to dominate the streaming arena. And MGM, one of the oldest studios in Tinseltown, has a lot to offer.

    MGM owns the entire James Bond catalogue. On the TV side, the company's library includes popular police procedural Live PD, Vikings, Fargo and The Handmaid's Tale, which streams on Hulu. It also owns premium cable network Epix. The studio’s film reel is even more impressive, with over 4,000 titles including hit film franchises like Rocky and The Hobbit, as well as The Silence of the Lambs, The Magnificent Seven, Mad Max, and Four Weddings and a Funeral. 

  • Films, TV & OTT should actively further the LGBTQ+ cause

    Films, TV & OTT should actively further the LGBTQ+ cause

    NEW DELHI: How many of you know about the LGBTQ community? This was the first and the basic question put  Indiantelevision.com founder and editor-in-chief Anil Wanvari during the session titled ‘Finding the Rainbow in the Indian Creative Industry.’ Panellists included filmmaker Ram Kamal Mukherjee, EORTV media executive director Kaushik Izardar, actor Hemant Kher, and renowned entrepreneur, pianist, songwriter and musician Shayan Italia.

    Mukherjee opened the session by stating that they stand for free and equal rights for everybody. “They are not they and us, and it’s the beginning of the conversation. We should stop discriminating,” he said.

    Echoing the sentiment, Italia compared the situation in India and the USA. “In the USA, the LGBTQ community contributes massively to the economy. In India, it is not much. The government cannot allow this community to be segregated community. It has a monetary value in it. We are a little behind and are coming up.”

    Kher shared that there are a lot of members of this community working in the film industry, especially make up people and actors, and he has never had cause to feel awkward and uncomfortable – because irrespective of sexuality or the gender they identify with, they feel the same emotions equally and every day. “People need to understand it from a spiritual perspective,” he remarked.

    Wanvari then delved deeper into the subject of inclusivity and enquired how people from different walks of life were accepting people who identified themselves as LGBTQ+.

    Izardar started off with a quote – ‘First they will hate you and then they will start speaking about you and then follow you.’ He further believes that LGBTQ is a misnomer and the word should not exist. Since there’s no word like MPMHF, putting a label like that automatically creates a sense of ‘otherness’.

    “When these words are not levelled at us then why them? The vision and mission of my platform is to not show a struggle or depressing life of LGBTQ, but a plain story where if someone is showing their sexual preference it is not to be taken as a surprise or in another light,” he declared.

    Three years ago, the Supreme Court struck down section 377, giving the country's LGBTQ+ community the freedom to safely express their sexual orientation. But it’s a fact that they encounter harassment and social stigma even today. Is a truly inclusive society a distant dream?

    Mukherjee, who recently created an original on the subject, said that when the government legalised same-sex relationships, he could see how happy LGBTQ people were, that they could live, breathe and talk freely. It is important for them to have an official stamp for them to live freely in the country.

    Kher shared that in metros, people have started accepting them and the wall is broken. “When you go to small towns, people have stopped talking about this issue anymore as they know they have to accept it because it’s a law. There can be a transformation where people accept them.”

    However, change doesn’t happen overnight – it does take time to understand and make notions long considered taboo a part of peoples’ daily lives and it needs a lot of education, stressed Mukherjee. “I remember the rigidities that we used to witness 15-20 years ago, those things have almost gone. People understand that its legal.”

    He further added that today if a guy gets up and tells his parents that he has a boyfriend and wants to marry him, the parents won’t be as shocked as they would have been 15 years ago.

    Things like coming out also depend on the mindsets and outlook that parents have and the same reflects in the society at large, observed Izardar. If parents find out that their child is inclined towards the same sex, it could result in hostility and alienation. “It happens in rural more and people abandon their child. A lot of cases are there in Mumbai also. It happens at different ages. Most gay men are identified after their marriages and it leads to exclusion from the village. I have seen this kind of prejudice in many educated families as well,” he elaborated.

    The panellists then lowered the lens on how Indian mainstream cinema has portrayed the LGBTQ community on the big screen.

    Mukherjee noted that things are changing – actors like Ayushmann Khurrana, Rajkummar Rao, Sonam Kapoor are not playing a caricature when they take on such projects.

    It was agreed that if big Bollywood actors come forward and play solid roles that are not stereotypical, then the message would percolate to the remotest corners of the country.

    Taking the discussion a notch forward, Italia mentioned that LGBTQ community is accepted in outside countries because its heroes are true contributors to mankind. The minute India would have such heroes and you cannot deny their contribution to the country, I think that would be able to change the mindset more than any Bollywood actor or movie. 

    Kher strongly vouched for teaching the values of acceptance and inclusivity at the grassroots. “In schools we are taught what is religion, we need to teach them about LGBTQ, sexual preferences of the people, and how they live,” he asserted.

    Wanvari added that one of the good ways to educate is via cinema, television and OTT. In India, there are not many OTT shows focusing on or even featuring LGBTQ characters available, and he was not sure that the industry has tackled it well.

    Mukherjee towards the end mentioned that the moment you are not doing something that is not a routine in the world it becomes difficult to raise money for that. “The moment you say that the platform is about LGBTQ community, then the investors will say that it will be niche, no family audience. But it should not deter you from what you want to do in life,” added Mukherjee.

    Kher concluded that the film fraternity is more aware about this subject and is more open than others. “People are not coming out because of this social burden. It stops us from saying and doing what we want to do. The social fabric needs to understand the sensitivity of the subject and that they are human beings.”

  • YAAP onboards new clients, and continues aggressive recruitment amidst the pandemic

    YAAP onboards new clients, and continues aggressive recruitment amidst the pandemic

    MUMBAI: With its vision ‘Built For Now’, YAAP, a new-age specialized content design, discovery & distribution company, has won over 20 new businesses and four awards in the last few months. The clients onboarded are largely from BFSI, travel & tourism, government and gaming sectors covering names such as NPCI, Mobile Premier League, NITI Aayog, Meghalaya Tourism and Dubai Fitness Challenge. YAAP will be responsible for the content strategy & development, influencer marketing, media buying and social media of these new mandates.

    Owing to the unpredictable market situation where industries are collapsing and employees are in continued distress due to pay cuts, YAAP continues to celebrate its employees’ efforts with no pay cuts and no layoffs. Moreover, appraisals have been conducted.

    A company that is ambitious towards servicing its clients to the best, has opened 12 new positions across sales, creative, servicing and strategy. YAAP is looking for people who are striving towards a collective goal no matter the odds.

    It is said that every new phase often comes with hurdles. With this, YAAP would like to announce that Irfan Khan has moved on from the company. He was a partner at YAAP where he was responsible for the influencer marketing vertical, new business development and overall operations of the company. Manan Kapur, partner at YAAP will be taking on the influencer marketing business.  

    Sharing his views on the company's novel moves, YAAP partner Irfan Khan Partner said, "In my time at YAAP, we achieved the growth trajectory few companies have, especially in the content and influencer marketing space. We successfully led some of the biggest content-led activations across India and the Middle East. It's always bittersweet to leave a place enjoyed and helped nurture, but today we have a solid foundation that has been set. I'm positive the team will take it to greater heights in the near future.”

    YAAP partner Manan Kapur said, “The past year has seen a drastic shift in the status quo, and YAAP was no exception. This change meant we had to be more agile and adapt to the new normal while keeping our team, our clients & our partners as our primary priority. And now, as 2020 comes to a close, we have an ever-expanding team, we’ve forged many new relationships and we’re entering the new year stronger than ever, because of our unfaltering passion and our unwavering vision. I look forward to adding influencer marketing to my responsibilities and build on the strong foundation set by Irfan.”

  • One Life Studios & SPNI partner to offer the best of Indian television across CEE, CIS, China & Japan

    One Life Studios & SPNI partner to offer the best of Indian television across CEE, CIS, China & Japan

    MUMBAI: One Life Studios (OLS) has partnered with Sony Pictures Networks India (SPN) for exclusive rights to license and distribute its content catalogue in CEE/CIS countries as well as China and Japan.

    OLS is the first studio in India to retain 100 per cent IP of two self-created mega dramas. They have introduced this international norm to the Indian industry and have also curated an extensive catalogue across several genres. This has been done in partnership with multiple international studios. The end goal is to syndicate its content in India and across the globe.

    The collaboration between SPN & OLS will witness an amalgamation of the respective strengths of both entities, including OLS’ networking connections and SPNI’s content.

    SPNI ad sales and international business chief revenue officer Rohit Gupta said, “We are thrilled to partner with One Life Studios from the house of Swastik Productions as our exclusive content distributor in Japan, China, commonwealth of independent states (CIS), and central and eastern Europe. This alliance will further strengthen our syndication reach by making our content available to a newer market and set of audience. The two-year deal will enable the network to offer its holistic entertainment package and tap into an expanded audience demography.”

    One Life Studios founder and chief creative Siddharth Kumar Tewary added, “At One Life Studios, we always try and push the envelope to achieve more and bring the best content that there is for our audience across the world. We only plan to go onward and upward from here. The excitement with the team knows no bounds as we set out to distribute and license the catalogue of one of the most respectable television content creators in our country. With our extensive and vast networking and their popular content, we will give audiences across the globe the best of Indian television.”

  • UK producers bid to extend Covid2019 insurance scheme

    UK producers bid to extend Covid2019 insurance scheme

    MUMBAI: UK producers are in discussions with the government to extend the landmark £500 million ($664.6 million) Covid2019 insurance scheme for film & TV production.

    Media reports said that producers have sought permission to extend the deadline for the Film and TV Production Restart Scheme to June 2021. If approved, it will ensure coverage for the spring production rush when filmmakers take advantage of longer daylight hours. UK producers’ body Pact is currently gathering information to support the extension, which will be presented to the country’s department for digital, culture, media & sport (DCMS), the government body in charge.

    When the proposal was first announced, the deadline was originally 31 December and has since been extended to 28 February. The extension is intended to “help even more productions access the scheme, reflecting ongoing uncertainty and the continued inability of productions to secure private insurance for coronavirus-related risks,” said a statement from the DCMS at the time.

    Under the scheme, productions can receive compensation for future coronavirus-related losses including filming delays from illness among cast and crew. There is a total cap on insurance claims per production of £5 million ($6.65 million), and production houses need to pay an “appropriate excess” when seeking to claim under the scheme, as well as an “appropriate fee” when joining the scheme. Productions also need to purchase other, more standard insurance to cover non-Covid2019 risks to ensure their production is adequately insured.

    Insurance claims are expected to significantly reduce as the Covid2019 vaccine, which began rolling out across the country last week, expands and reaches maximum people.

  • Sky Studios CEO Gary Davey to step down by next summer

    Sky Studios CEO Gary Davey to step down by next summer

    MUMBAI: Sky Studios, the production arm of Comcast-owned European pay TV giant Sky, has confirmed that its chief executive officer Gary Davey would step down next year.

    In the meantime, he will continue to lead the team until a new CEO is appointed and leave the company next summer.

    "I wanted to let you know that I have decided to step down as CEO of Sky Studios in 2021. When we launched Sky Studios last June, I could not have dreamed where we would be right now. And I don’t just mean Covid2019. In 18 short months, we have created a strong, creative organisation that has broken the mould of how studio businesses work in Europe,” said Gary Davey.

    He added: "We have produced ambitious, original series that are loved by our customers and viewers around the world. The fact that nine of the top 10 shows viewed on Sky in the UK this year are Sky Originals, speaks for itself. At the same time, this year we have delivered 29 series to 15 US networks and platforms."

    Davey further mentioned, "not every show has been a ratings hit, but looking back, I have no regrets for any of our green-lights."

    In his note, he also revealed that "next year Sky Studios will become profitable," noting that "the year after we will open the doors to Sky Studios Elstree, a huge, long-term investment in Sky’s original content ambition, enabling us to truly fulfil our potential as we look to more than double our investment by 2024."

    Sky group CEO Jeremy Darroch in an internal note praised Davey for his distinguished career. Said he: "He has uniquely worked across all of our markets, having led the successful launch of Sky Italia’s terrestrial TV network, cielo, in 2009 before joining Sky Deutschland as executive VP, programming in 2011. Gary returned to Sky UK in 2015 as managing director of content, transforming our push into bold, original programming, and in 2019 took on a new challenge as CEO of Sky Studios."

  • Banijay France taps Jean-Louis Blot as EndemolShine Production CEO

    Banijay France taps Jean-Louis Blot as EndemolShine Production CEO

    MUMBAI: Banijay France has appointed Jean-Louis Blot as CEO of EndemolShine Production (excluding scripted).

    In his new role, Blot will be responsible for spearheading EndemolShine Production’s unscripted operations and is charged with driving creativity and a healthy pipeline of IP for the business’ local and global clients, as well as the wider group’s extensive cross-territory catalogue. An entrepreneur, producer and tastemaker, he brings a range of experience to the role and will be at the forefront of growing the organisation’s offering and bolstering its reputation in the market.

    Having graduated from Sciences Po, Jean-Louis is one of the most respected names in the industry. In 2008, he created BBC Worldwide Productions France, the first French subsidiary of the BBC, which he led with success and since 2016, has been behind the equally triumphant creation of Warner Bros International Television Production France.

    Banijay France CEO François de Brugada said, “We are very happy to have Jean-Louis joining the Banijay adventure. For the past ten years, he has demonstrated a strong ability in anticipating trends in the French market and strategically capitalising on growth and success opportunities. With the know-how and creativity of EndemolShine Production, the amazing tank of ideas that is the Banijay catalogue, and Jean-Louis leading, I am confident in our company’s future.”

  • IFTPC reelects Sajid Nadiadwala as president for 2020-21

    IFTPC reelects Sajid Nadiadwala as president for 2020-21

    MUMBAI: Indian Film & TV Producers Council (IFTPC) today held its twenty-ninth AGM and re-elected  Sajid Nadiadwala as president for the year 2020 2021. Nitin Vaidya is the new incumbent. 

    Nadiadwala addressed IFTPC team for restarting the shooting by engaging the government in continuous dialogue. He also praised the media and entertainment industry for generously helping cine workers and labourers. The new president complimented the IFTPC Team for working relentlessly in providing monetary aid and supplying food items to the industry workers. Nadiawala appreciated the effort for standing as a united body in times of difficulty to help the industry.  He mourned the sad demise of many industry stalwarts such as Rishi Kapoor, Irfan Khan and P.Balsubramanium.

    IFTPC chairman TV wing JD Majethia in his address complimented the Maharashtra government for acting fast to restart the industry. He congratulated TV Producers for conducting the shoots very smoothly without any major mishaps. Majethia also mentioned the first-ever death Insurance of Rs 25 lakh provided to the workers had raised their confidence to attend their duties. He also said that when pessimism prevailed in the industry it was IFTPC that was confident and worked relentlessly to restart the industry.

    Bollywood producer Ramesh Taurani, David Dhavan, indiantelevision.com group founder CEO & editor in chief Anil Wanwari, producer Rajan Shahi, Lalit Sharma, Bobby Arora, Sandeep Jain and Goldie Behl also attended the Indian Film & TV Producers meeting among others.

  • Raffaele Annecchino is new ViacomCBS president & CEO

    Raffaele Annecchino is new ViacomCBS president & CEO

    MUMBAI: ViacomCBS has appointed Raffaele Annecchino as ViacomCBS Networks International (VCNI) president and CEO, with immediate effect. He succeeds David Lynn, who is stepping down and will depart the company following a transition period.

    In his new position, Annecchino will handle all of ViacomCBS’s media networks and related businesses outside the US. He will also be responsible for a portfolio of pay-TV entertainment brands and broadcast networks across six continents – including Channel 5 in the UK, Telefe in Argentina, Network 10 in Australia and Colors in India through a joint venture with Viacom18 – and work closely with ViacomCBS’s global streaming organisation to manage the rollout of Pluto TV and the launch of Paramount+ in 2021. Annecchino will report to ViacomCBS president & CEO Bob Bakish.

     “Annecchino is an entrepreneurial, results-oriented leader with a proven ability to transform businesses and drive growth across diverse markets,” said Bakish. “In recent years, Annecchino has taken on increased responsibility, demonstrating strategic and operational expertise that extends across a wide variety of geographies and platforms. His experience in expanding ViacomCBS’s international footprint, forging key partnerships and accelerating our push into mobile and digital platforms will be critical to building on our leadership positions across Europe, Latin America and Asia and realising our global ambitions.”

    On Lynn’s departure, Bakish added, “I want to extend my deepest thanks to David for his many contributions over the past two decades, from integrating the international portfolios of CBS and Viacom to overseeing the launch of Viacom International Studios, including the acquisition of Ananey and repositioning the division to enable the continued expansion of our global streaming offerings. I’m grateful for his dedication and leadership and wish him the best as he starts this next chapter.”

    “It’s an honour to step into this role and help continue ViacomCBS’s strong momentum around the world,” said Annecchino. “We have an exciting opportunity to broaden the company’s reach through new, innovative distribution channels and partnerships, and I look forward to working with Bob and the rest of the team to execute against our growth initiatives.”

    During his 23-year tenure, Annecchino has held a number of positions across VCNI. Until now, he served as president of ViacomCBS Networks Europe, Middle East, Africa and Asia (EMEAA), during which time he oversaw operations across a range of markets and led and coordinated VCNI’s mobile strategy globally.

    Prior to joining MTV Networks International in 1997, Annecchino worked at Turner International, Cartoon Network and CNN. 

  • Film & TV shoots resume around the globe under Covid2019 protocols

    Film & TV shoots resume around the globe under Covid2019 protocols

    MUMBAI: The Covid2019 pandemic has had a substantial impact on the film and television industry, shutting down or delaying production of movies and programmes in many countries, with consequent negative ripples on revenues (through rights and advertising sales) and employment. But now, as countries across the globe gradually lift restrictions, filmmakers are heaving a sigh of relief.

    Let’s take a look at how film and TV production is faring in key markets as the media and entertainment industry slowly comes back to life.

    New York

    New York City, one of the most densely populated states in the US, was one of the epicentres of the Covid2019 outbreak. As shoots restarted, New York state has implemented various regulations to ensure film and television productions could be conducted safely.

    In October, the state introduced a three-tier rating system under which locations based on the infection rates are assigned red, orange or yellow colours. With red notifying the highest rates and yellow being the lowest, different restrictions are placed on the production set based on what colour area the studio is located in.

    Although filming has resumed, increased costs of sanitisation during the pandemic have led to small projects making up a large portion of ongoing productions. Bigger projects like Amazon Prime’s The Marvelous Mrs. Maisel are in pre-production stage until the beginning of 2021.

    Producers in New York can still benefit from a tax credit program to incentivise the creation of shows in the state. The program gives eligible production companies credit for 25 per cent of production costs. An additional 10 per cent credit is available in certain counties.

    But Gotham soundstages such as Silvercup and Kaufman Astoria are reporting more bookings. And New York City is seeing such series as Blue Bloods, and new series The Equalizer, NBC’s Manifest and New Amsterdam, Showtime’s City on a Hill, and Starz’s Power Book II: Ghost back in the shooting process.

    California

    In March, all approved projects under the California film and TV tax credit program requested force majeure, meaning that their status for receiving tax credits won’t be affected. Ten, including TV series The Orville, Animal Kingdom and Good Girls. The films include King Richard and Macbeth, have resumed production since June. But projects that had been disrupted by the pandemic are still working on stricter timelines.

    Greece

    Although there was a sudden surge in the number of Covid2019 cases in Greece, which pushed it towards a second lockdown on 7 November, production has continued since early summer, with the government putting out safety protocols to ensure cameras continue to roll on despite the pandemic.

    Woody Harrelson-starring Triangle of Sadness, directed by Oscar-nominee and Palme d’Or winner Ruben Östlund, wrapped its shoot on 13 November. The Lost Daughter, written and directed by Maggie Gyllenhaal and starring Olivia Colman and Dakota Johnson, wrapped just days earlier. It is an adaptation of the Elena Ferrante novel.

    The film commission and the ministry of culture have worked together to introduce strict guidelines for all film and TV shoots, while the Greek government this summer raised the cash rebate from 35 per cent to 40 per cent. A new 30 per cent tax relief for incoming film and TV productions has also been finalised, it can be used in combination with the rebate.

    Italy

    Italy, initially hit hardest by the deadly pandemic, is responding to the second wave well with film and TV production churning out relatively more content with adherence to safety protocols and government incentives.

    Culture minister Dario Franceschini has allotted a good sum of money to support production, upping resources to fund the Italian tax rebate from €400 million ($474 million) to $652 million for 2021; while raising the incentive’s cap from 30 per cent to 40 per cent of a local production’s budget (for international productions, Italy’s cash-back rebate remains capped at 30 per cent, which is still attractive). The tax rebate provided by the government is Italy’s main tool which has helped it to combat the rise in economic costs.

    Meanwhile, Paramount’s Mission: Impossible 7 shot in Italy for several weeks in October and November.

    South Africa

    After partially lifting travel restrictions in early October, South Africa is now fully open for business, with international film and TV productions resuming in time for the southern hemisphere. As the country went into semi-lockdown, shooting kicked off on the sets of Nudes, and Wild Bunch TV’s first Italian production.

    The new guidelines allow entry for all foreign travellers who are tested Covid2019 negative within 72 hours of departure. Domestic production was given the green light as early as May, allowing the industry to prepare necessary health and safety measures for international shoots to return.

    Moonlighting restarted production in early October and is currently in pre-production on an international TV series that will begin shooting early next year.

    Recently, South Africa has emerged into one of the world’s leading hubs for international film and television shoots, with the help of financial incentives, skilled English-speaking crews and a spectacular range of locations. Foreign productions can claim a 25 per cent cash rebate on all qualifying local spend, while the rebate for South African co-productions starts at 35 per cent. For productions that meet the requirements for the emerging Black filmmakers incentive, the rebate rises to 50 per cent.

    Recent projects that have started in the country include Good Omens, Bloodshot starring Vin Diesel, and Sony’s fantasy action film Monster Hunter.