Tag: MGM

  • Michael De Luca, Pam Abdy to head Warner Bros. Pictures Group; Toby Emmerich steps down

    Michael De Luca, Pam Abdy to head Warner Bros. Pictures Group; Toby Emmerich steps down

    Mumbai: Former MGM film executives Michael De Luca and Pam Abdy have been appointed co-chairpersons and CEO of Warner Bros. Pictures Group. They replaced longtime studio executive Toby Emmerich who has announced that he is stepping down as Warner Bros. head.

    Each of the divisions including Warner Bros. Pictures, New Line Cinema, DC-Based Film Production, and Warner Bros. Feature Animation will break into three distinct segments – Warner Bros. Pictures/New Line Cinema, Warner Bros. Feature Animation, and DC-Based Film Production. Each will have its own separate leadership. 

    The decision is part of the company’s new long-term strategy. In the meanwhile, the segments are still managed by the film group, with De Luca and Abdy in charge of day-to-day operations. De Luca and Abdy were MGM Studios’ motion picture group chairman and president, respectively. They decided to leave after Amazon acquired MGM.

    Simultaneously, Toby Emmerich will launch his own production company at Warner Bros. studio, focused on film, television and streaming. Warner Bros. Discovery will finance Emmerich’s ventures and hold distribution rights to films & series as part of an exclusive five-year deal.

    Screenwriter and producer Emmerich has been president and chief content officer of Warner Bros. Pictures Group since 2017. Previously, he served as president and chief operating officer of New Line Cinema. He joined Warner Bros. in 1992 as a dual development and music executive and has worked there for the past 30 years.

    In a statement, Warner Bros. Discovery CEO David Zaslav said, “I have known Toby for many years and have tremendous respect for his vision and ability to create extraordinary cinematic experiences. He has led a best-in-class studio team and was the driving force behind an incredible, diverse collection of films and series. Toby is also an exceptional person and longtime friend to me and to many and I am personally very happy to continue our working relationship. I am thrilled that he’s chosen to remain a part of our Warner Bros. Discovery family with this long-term production deal and look forward to seeing the fantastic stories that he and his team will create for us in the years ahead.” 

    Speaking about his venture, Emmerich said, “It has been an honour and a pleasure to be part of this storied company these last three decades and to lead the world-class Warner Bros. film studio team, and I am incredibly proud of what we have been able to accomplish together. This seemed like the perfect time to transition to something new and I am excited to be pursuing my passion for storytelling in a more hands-on way with my own production company.” 

    Further, on the newly appointed co-chairpersons and CEO of Warner Bros. Pictures Group, Zaslav said, “Michael and Pam are supremely talented creative leaders with a proven track record of success. We are thrilled to welcome them both to our Warner Bros. Discovery family, and look forward to seeing them take this nearly century-old iconic studio to even greater heights of excellence in film.”

    With a global box office collection of $5.57 billion in 2018, Warner Bros. Pictures Group achieved its most successful year ever under Emmerich’s leadership.

    Films such as “Aquaman” – the most popular DC Superhero film ever and Warner Bros’. second-biggest title of all time – “Fantastic Beasts: The Crimes of Grindelwald,” “Ready Player One,” “The Meg,” “Rampage,” “A Star is Born,” “The Nun,” and “Crazy Rich Asians,” helped Emmerich fuel this success. Also, the studio in 2019 delivered the highest-grossing R-rated film of all time, DC’s “Joker,” which grossed $1.08 billion worldwide and won two Academy Awards, as well as the horror sequel “IT Chapter Two.”

  • No such thing as historical accuracy: ‘Vikings’ creator Michael Hirst

    No such thing as historical accuracy: ‘Vikings’ creator Michael Hirst

    With international successes and critically acclaimed hits such as “The Tudors,” “Vikings” and the hotly anticipated forthcoming series “Billy the Kid,” English screenwriter and producer Michael Hirst’s talent for capturing an era, a specific atmosphere, and singular characters are well established. Hirst is also the owner of Green Pavilion Entertainment, a production company he launched in 2017.

    At the Series Mania Forum 2022, Hirst revealed his writing secret, his beliefs as well as the method and madness to recreating the historical universe on-screen through serialised dramas. In a session moderated by journalist Perrine Quennesson, he talked about the joy of writing for TV, owning his characters, and his next – the Epix/MGM project “Billy the Kid” which he described as a ‘new kind of western.’ The show had its world premiere in the Series Mania International Competition.

    Is authenticity your golden rule when scripting a show?

    It is, pretty much, but also emotional truth… If someone would come up to me and say, ‘I have been reading a book (“Vikings”) and they did or said this; why are you not showing it’? I would say I am not making a documentary; it’s a drama.

    It all begins for me with the thought and the research. Then I would start to write and shape the material. Creating drama is about shaping material. Life has no shape, but drama has to have a shape. There are always gaps in the narrative. I always say to myself and my advisor, because we both know there is no such thing as historical accuracy… ‘Is it plausible,’ ‘is it authentic,’ and ‘in your opinion is it true,’ or ‘does it feel true.’ If he assures me, then I can go ahead and tell my stories.

    One of the characters I am most proud of in “Vikings” is Lagertha. The History Channel, who commissioned the show is a male-skewed studio, so it obviously felt that it would appeal to their male viewers. But I wanted a female lead as well, and I wanted someone who is persuasive in that role. Katheryn Winnick, who I finally chose is a black belt, so I had all reason to believe she could carry it off, which she did incredibly well. Last we were making “Vikings” there was a new discovery. There’s a skeleton, I believe, in a museum in Sweden of an iconic warrior Viking. It was buried with all these weapons. They had brought a new curator, who looked at it and said ‘that’s not a man, it’s a woman skeleton’. So the iconic warrior figure of the Swedish Vikings was a woman. I felt totally vindicated (laughs).

    I am happy to say that by the end of the series, the audience was 50:50 male and female. That, for a show called “Vikings” which everyone thought will just be about male violence.

    Looking at those scenes in “Vikings” and “Tudors,” I was just wondering about your relationship with budgets…

    The accountant would often ask me if I had any relationship with reality. I do believe that if you start dreaming with economics in mind, then you are repressing a part of your imagination. You shouldn’t do that. What you should do, is leave it to others to figure out how they work around it. The very first show I did “The Tudors”… literally the beginning of “Tudors” was one exterior of the palace, two studio-built rooms, and a boat disappearing into the distance with the help of some special effects.

    Similarly, for “Vikings,” I was doing some more research. I came upon this fact that when the Vikings were prevented from sailing by the enemy by putting some obstacle in the river, they would dismantle the boats and hold them physically over the mountains, and put them down on the other side of the obstruction. I got very excited about it and told the production design team. They said, ‘it’s wonderful, but we can’t do it.’ I asked if we could do something like it. Though I didn’t know then what ‘like it’ would look like.

    But in actual fact, two months later when we were shooting in Wicklow mountains, we got the cast to hold a Viking ship up a huge cliff, and then hold it back down the other side. We had permission from the landowner to cut some trees down by the side. So they just found a way of doing it. That’s what I mean about giving people the opportunity to figure it out.

    Why do you prefer being the only writer on every series that you are working on?

    I was a film writer. When I started nobody wanted to work in TV. It was cheap. It was about soap operas. Everyone wanted to do movies. I too wanted to do movies. But after “Elizabeth,” a young American executive came to me in London and said, ‘do you think you can turn this into an American soap opera’. I said show me some shows for me to see the sort of standard. He sent me lot’s of them and they were all…The point was ‘you got to be entertaining, but you can also talk, write about serious things.’

    So I began to write, and I just didn’t stop. It was good. The joy was that in movies you reveal characters. You don’t have the time to develop them, which is something that long-form TV dramas give. In TV, you can have characters with contradictions; you can dive a little deeper. I was having a good time. You have to work very hard in TV. Do four scenes a day. But I enjoyed the pressure. It was magical to see how it all worked. So, I really didn’t want to stop.

    When I started doing “Vikings,” if anyone had told me that this is going to be 89 hours of TV…I mean, who knew. They often cancel the show after the first season if it’s not working, if it doesn’t have enough audience. So with every season we did, we didn’t know it’s going to be picked up again. By that stage the characters were friends. And I didn’t want anyone else to take my friends and characters away.  

    How do you know when it’s time to end a show? If “Vikings” ended at season 5 would it be the same end?

    No No, I knew how I wanted it to end, but I had to get there.

    How do you pick your cast? What was it like for “Billy the Kid”?

    It’s very rare to find a resemblance to the real person or character. In this case, Tom Blyth (“The Gilded Age”) seemed to have strong empathy for Billy. We had to go through the process. We were looking in many countries including America, but he kept coming back into our consciousness. I kept throwing stones in his path and he kept responding. I told him that Billy sang and played musical instruments. The next thing I get from Tom is a tape of him singing and playing guitar.  He is perfect for the role.

    Billy is a very special drama for me, much more intimate than the other dramas we have been working on for the last 15 years. It’s lean, lyrical, and character-driven. It’s about big issues as well – immigration, corruption, formation of the west, Dutch Americans kicking out the Mexicans. It’s a real and edgy human story and Billy is at the core of it. It’s a new kind of western; pre-western that starts just before the west as we have seen in movies was actually created.

    People think they know Billy, just like they thought they knew about Vikings, but they actually don’t. They don’t know him as an immigrant, as a very sensitive guy, as someone who got his moral compass from his mother…she taught him to read, and more. I have loved Billy since I was seven, so I have redeemed my childhood with this show.

  • Amazon closes acquisition deal with movie studio MGM

    Amazon closes acquisition deal with movie studio MGM

    Mumbai: Amazon has completed its $8.45 billion acquisition of movie studio Metro Goldwyn Mayer (MGM) recently. MGM is the studio behind franchises such as ‘James Bond’ and ‘Rocky’.

    The decision to close the deal comes after a deadline passed by the US Federal Trade Commission (FTC) to challenge the deal. Earlier this week, the European Commission had approved the deal.

    Amazon is set to acquire 4000 film titles, 17,000 TV episodes, 180 Academy Awards and 100 Emmy Awards. It will bolster the content catalogue offered on its video streaming service Amazon Prime Video. The talent at MGM will be merged with Amazon Studios to create diverse entertainment choices for consumers.

    MGM’s catalogue includes TV shows such as “The Handmaid’s Tale”, “Fargo”, “Vikings” and films such as “12 Angry Men’, ‘Basic Instinct’, ‘Creed’, ‘Raging Bull’, ‘Silence of the Lambs’, ‘Tomb Raider’ as well as this year’s Oscar nominee ‘Licorice Pizza’.

    The MGM staff will join the organisation of Prime Video and Amazon Studios senior vice president Mike Hopkins. Amazon had announced the deal in May 2021.

  • Amazon buys Hollywood studio MGM for $8.45 billion

    Amazon buys Hollywood studio MGM for $8.45 billion

    KOLKATA: Content is the engine of the streaming economy. Recognising this, the streamers have been going through a dizzying series  of acquisitions and mergers. The latest to do so is tech giant Amazon which has finally signed on the dotted line to buy up Hollywood studio MGM for $8.45 billion. This is its  second largest acquisition after it bought Whole Foods for nearly $14 billion in 2017. For the last week or so, speculation was running rife that a deal between the two was on the cards.

    MGM has real gems under its brand that movie lovers have voraciously consumed across the world. The studio is behind classics such as Gone with the Wind and Rocky, the famous Bond franchise, Singin’ in the Rain, 12 Angry Men. Its library also includes popular reality TV shows like The Voice and Shark Tank.

    “The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team,” Amazon Studios and Prime Video SVP Mike Hopkins has been quoted as saying in media reports internationally.

    Amazon has 200 million prime members worldwide with access to its video service, chief executive jeff Bezos revealed recently. “As Prime Video turns 10, over 175 million Prime members have streamed shows and movies in the past year, and streaming hours are up more than 70 per cent year over year,” he later said in April.

    Prime members who watch video have higher free trial conversion rates, higher renewal rates, and  higher overall engagement. The company has been ramping up  its spend on content , to stay  competitive with the fare being churned out by  Netflix and  Disney and now with the merged Discovery+Warner Media juggernaut.

     “I am very proud that MGM’s Lion, which has long evoked the golden age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision. The opportunity to align MGM’s storied history with Amazon is an inspiring combination,” MGM board chairman Kevin Ulrich said in a statement.

  • Streaming war intensifies, as Amazon eyes MGM studios

    Streaming war intensifies, as Amazon eyes MGM studios

    KOLKATA: US tech giant Amazon is in talks to acquire the “Bond studio” MGM to bolster its ambition in the streaming media, according to reports. The mega-deal is being orchestrated by Amazon Studios and Prime Video senior vice president Mike Hopkins, along with MGM board chairman Kevin Ulrich.

    Founded in 1924 MGM’s wide Hollywood library includes names like Bond, Hobbit, Rocky, and Pink Panther franchises as well as movies like The Silence of the Lambs, The Magnificent Seven, Four Weddings, and A Funeral along with a streaming service Epix.

    Although media is not a big part of e-commerce giant Amazon’s portfolio, it has gradually increased focus on the segment. Prime Video’s viewer base has surpassed 175 million, the company revealed recently. According to reports, MGM has been looking for prospective buyers. While the company wants to value itself at $9 billion, others are valuing it at $5 billion.

    At the end of 2020, there were already reports that MGM had tapped Morgan Stanley and LionTree to explore a sale. Even Apple and Comcast also reportedly spoke to the studio but they could not reach an agreement.

    The reports came close on the heels of Discovery-AT&T’s media assets merger deal to build a new streaming giant. In the last few years, the global media and entertainment industry has witnessed a number of consolidations as the streaming competition rises.

  • 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. 

  • Netflix global marketing chief exits

    Netflix global marketing chief exits

    MUMBAI: Netflix global marketing chief Stephen Bruno has exited the company, according to reports. The veteran will join MGM and will be named chief marketing officer (CMO) to advise on both its film and television ambitions.

    He’ll work closely with MGM COO Chris Brearton, as well as MGM Worldwide TV Group chairman Mark Burnett — in addition to MGM Motion Picture Group chairman Jon Glickman and TV executive director Nancy Tellem.

    Bruno had served as VP creative marketing at Netflix since 2015. There, he executed campaigns for a broad range of original series, including Stranger Things, 13 Reasons Why, Orange Is the New Black, The Crown and Narcos. He also handled Netflix features like Bird Box, Mudbound and To All the Boys I’ve Loved Before, as well as high-volume documentaries and comedy specials. Before heading to the Ted Sarandos-led company, Bruno worked at the Weinstein Company and Miramax Films.

    His exit comes within two weeks of the departure of Netflix CMO Kelly Bennett who had been with the streaming giant for over seven years.

  • Is Sony Pictures getting a raw deal as studios war over Bond rights?

    MUMBAI: Warner Brothers, Sony Pictures, and 20th Century Fox are among the Hollywood studio majors fighting for the rights to distribute ‘Bond 25’. Universal Pictures, Times and Annapurna are also warring for the rights to distribute the forthcoming James Bond movie.

    The rights to all 007 films are owned by EON and MGM, but they only produce the movies and need a distributor to handle the marketing, PTI reported. Sony Pictures was chosen for the job starting with ‘Casino Royale’ in 2006 and continued until 2015 with ‘Spectre’.

    Sony, under its previous agreement, paid 50 per cent of the production costs for ‘Spectre’ — which was around USD 250 million — but only received 25 per cent of certain profits, once costs were recouped, according to a report.

    Sony also shelled out tens of millions of dollars for the sake of marketing and gave MGM a share of the profit from non-Bond films Sony had in its pipeline, including ’22 Jump Street’.

    Now, MGM and EON are allegedly offering a one-film contract only. MGM, which is owned by private equity firms, including Anchorage Capital Partners, probably wants to keep its options open as it considers a public offer or sale, the report added.

  • Adobe Cloud will manage ads across TV & digital formats

    MUMBAI: Adobe has unveiled its new Adobe Advertising Cloud, the industry’s first end-to-end platform for managing advertising across traditional TV and digital formats. Combining capabilities from Adobe Media Optimizer (AMO) and recently acquired TubeMogul, Adobe Advertising Cloud simplifies the delivery of video, display and search advertising across channels and screens.

    Advertisers are facing an increasingly complex and fragmented landscape, with legacy silos for media planning and buying across TV and digital. That coupled with the proliferation of devices and massive amounts of data have made the advertising process overwhelming. According to the latest Adobe Digital Insights Advertising Report, 47 per cent of global marketers said that not having an integrated data and media buying solution was one of their biggest challenges. To help advertisers better navigate this landscape and more effectively reach consumers, Adobe is launching its Advertising Cloud which unifies and streamlines the entire ad planning and buying process.
    Now available globally, Adobe Advertising Cloud includes three offerings:

    – AMO Search: the leading search management platform
    – AMO Demand Side Platform: automates display, social, video and programmatic TV buying
    – AMO Dynamic Creative Optimization (DCO): dynamic creative optimization tied into Creative Cloud

    Adobe Advertising Cloud already manages roughly $3.5 billion in annualized ad spend on behalf of more than 1,000 global clients, including Allstate, Ford, Johnson & Johnson, Kraft, Liberty Mutual, L’Oréal, MGM, Nickelodeon and Southwest Airlines.

    “With Adobe Advertising Cloud, brands can centralize all advertising planning and buying through one trusted platform with full transparency into exactly where their ads appear and how effective they are at driving business results,” said Adobe VP and GM – advertising Brett Wilson. “We are bridging longstanding media gaps – not just between TV and digital, but also between brand and performance advertising,” he added.

    Advertising Cloud includes the following:

    1. Cross-Channel Planning: Adobe Advertising Cloud is the most comprehensive platform to plan, buy and measure advertising. Advertisers can reach audiences wherever they are – whether they’re searching, on their social network or watching linear TV. The platform de-dupes TV and digital audiences, enabling marketers to build cost-effective incremental reach.

    2. Media Activation Across Devices: Adobe Advertising Cloud’s seamless integration with Adobe Experience Cloud means that marketers can easily reach discrete audiences across screens. In early tests of the new platform, match rates of ad viewers across screens exceeded 90 percent which is double the industry standard.

    3. Performance Without Compromise: Through a wealth of tools and safeguards, Adobe Advertising Cloud helps advertisers achieve their goals without compromising brand safety, media quality or transparency.

    4. Independence: Adobe Advertising Cloud is the largest independent advertising platform, with transparent fees and no media markups, ensuring Adobe Advertising Cloud’s incentives are always aligned with advertisers.

    5. Creative Optimization: Once the audiences have been defined and outreach channels identified, what message will be most effective? Through Adobe Advertising Cloud’s dynamic creative optimization solution, advertisers can create the most personalized, high-performing ads based on the customers’ interests or past behaviors.

  • Sony’s Andrew Gumpert joins Paramount Pictures as COO

    Sony’s Andrew Gumpert joins Paramount Pictures as COO

    MUMBAI: Former president of worldwide business affairs and operations for Sony’s Motion Picture Group and veteran Hollywood finance authority Andrew Gumpert has joined Paramount Pictures as its chief operating officer. The film studio’s chairman and CEO Brad Grey announced the hiring of Gumpert.

    With this new role, Gumpert is in charge of business affairs, home entertainment and television transactional distribution. He will also oversee the studio’s operations ranging from strategic planning, to labor relations, to parks and resorts. Gumpert replaces long-time COO Frederick Huntsberry who was at Paramount for a decade.

    At Sony, Gumpert arranged the studio’s financial partnerships with MGM, Lone Star Capital, Village Roadshow, China’s Dalian Wanda Group, etc.

    Gumpert joined Sony Pictures Entertainment in 2005 as the executive vice president of business affairs for Columbia Pictures. Several reports suggest that Gumpert resigned from Motion Pictures Group on 8 November because of the studio’s chairman Tom Rothman’s micro-management and contentious manner. Before this, he led business and legal affairs for Miramax’s Dimension Films division.