Today In Entertainment AUGUST 04, 2020
What's news: Cinemark's CEO says the exhibitor isn't on board with the Universal-AMC plan, Sony profit rises, AMC Networks hit by ad decline, Fixer Upper being rebooted for Magnolia Network, HFPA hit with an antitrust suit, Leonardo DiCaprio inks a deal with Apple, Hunters renewed at Amazon, ViacomCBS launching a video ad platform. Plus: Inside the Telluride Film Festival that would have been, and sports dramas set for a revival. --Alex Weprin Cinemark Uneasy With AMC-Universal Deal ►Cinemark not game for AMC-Universal film window deal, CEO says."An aggressive shortened theatrical window could have an adverse impact on the mid-to tail-end of a film's life," Mark Zoradi told analysts on Tuesday about the window-crashing deal after the company released its second-quarter earnings. ---That being said: The Cinemark boss said he would negotiate with the major studios about shortening the theatrical window. "We have publicly stated we're willing to have conversations with our studio partners to evolve with them. We will be very careful and methodical about how we approach any change to the theatrical window. We will endeavor to ensure any modifications are in the best interests of the overall industry, our company and our shareholders." The story. +Cinemark swings to $170 million quarterly loss, takes $19.5 million charge for job, theater cuts. Revenue for the second quarter, the first fully affected by the pandemic, fell sharply as cinemas were shuttered, wiping out ticket and concession sales for much of the period. The company not only operates in the U.S., but also has a big Latin American operation, which has been hit hard by the spread of the virus and the financial hit it brings. More. In other business news... ►Sony Pictures quarterly profit rises to $230 million. Theatrical revenue fell 96 percent from $164 million to $6 million amid the coronavirus pandemic, but home entertainment surged 60 percent, from $200 million to $319 million. The studio's TV production business was another area of strength, with revenue rising 44 percent from $422 million to $597 million. The story. +AMC Networks' quarterly U.S. ad revenue drops 14.6 percent amid pandemic. The company, led by CEO Josh Sapan, had previously said that second-quarter U.S. ad revenue would be down about 30 percent given demand problems amid the virus crisis and the fact that it forced the season 10 finale of The Walking Dead to be pushed back along with the debut of new spin-off series World Beyond. The story. +AMC Theatres' credit rating downgraded over "distressed" debt swap. S&P Global said the mega-circuit's recent debt restructuring with bondholders was "tantamount to a default." More. +National CineMedia posts 96 percent revenue fall as movie theaters reopening faces uncertainty. The company recorded a net loss of $13.8 million, or 18 cents per share, against a year-earlier profit of $8.9 million, or 11 cent per share. Revenue for the quarter was $4 million, down 96 percent against a year-earlier $110.2 million, after theater circuits in mid-March shuttered their venues and face an uncertain reopening across the U.S. More. A Big Get For Magnolia Network ►Chip and Joanna Gaines rebooting Fixer Upper for Magnolia Network. New episodes of Fixer Upper will be on the lineup when Magnolia Network, a joint venture between the Gaineses and Discovery Inc., launches on linear and digital in 2021. The on-air vehicle, one of a few for Chip and Joanna, will join a growing slate that also just added projects around interior designer Brian Patrick Flynn and Texas entrepreneur Jonathan Morris. --It's difficult to overstate how big of a success Fixer Upper was to the lifestyles genre. During its initial run, from 2013 to 2018, it became the No. 1 unscripted series on cable. Across first runs and replays, the fifth and final season brought in a wild 19.6 million viewers to HGTV. The reboot, which will also tape in and around the Gaines' hometown (and base of network operations) Waco, Texas, will be produced by their Blind Nil production company. The story. In other TV news... +Hunters renewed for season 2 at Amazon. The retail giant/streamer has handed out a second-season renewal for 1970s-set Hunters, from showrunner David Weil. While the freshman season starred Al Pacino, Logan Lerman and Jerrika Hinton as a team of Nazi hunters, the streamer has not confirmed any casting for the drama's sophomore run. The story. +Lena Waithe developing open-marriage drama at Amazon. "I’ve never been in an open marriage, but it’s fascinating to me," Waithe tells THR. "We live in a world where, if I told you I cheated on my wife, you would be like, “Yeah, that’s the way it goes.” But if I told you that I’m in an open marriage, it would be as if I told you I’m joining the Church of Scientology." The story. +Lifetime, not Hallmark, will be first to feature LGBTQ romance in holiday movie. The network plans to air 30 new movies during its annual "It's a Wonderful Lifetime" block and is touting some added diversity in the lineup, including a story about a Chinese American family and one starring disabled actress Ali Stroker. Tiffany Haddish will also executive produce a movie called Christmas Unwrapped. More. +CBS' Young and the Restless books return date. The network says The Young and the Restless will resume airing new episodes on Aug. 10. The show resumed production in mid-July, about a month after fellow CBS soap The Bold and the Beautiful became one of the first shows to resume studio production during the novel coronavirus pandemic. More. Leonardo DiCaprio is expanding his relationship with Apple. The actor-producer's Appian Way banner has inked a first-look film and TV deal with the tech giant. Under the pact, the production company he runs alongside Jennifer Davisson will develop new TV series and films for Apple. Appian Way previously had a three-year film deal with Paramount Pictures and, before that, was housed at Warner Bros. On the TV side, DiCaprio's company had not had a pact before this one. The story. ^Inside the Telluride Film Festival that would have been. The now canceled fall festival programmed 29 films, and tributes to Kate Winslet, Anthony Hopkins and Chloé Zhao, before a worsening pandemic drove executive director Julie Huntsinger to decide, "I don't want us to be part of a problem." --"It just felt like, 'I hear you, universe,' " Huntsinger tells Rebecca Keegan. "I was anguishing a lot over, 'Will I make the right decision?' One day, it felt, even if we're only 200 people watching movies outside for four days, that's enough. Then that weekend, it was so clear and so clean, that I will not jeopardize anyone, and I don't want us to be part of a problem." The story. In other film fest news... +NY Film Fest to open with Steve McQueen's Lovers Rock. Lovers Rock is part of McQueen's Small Axe anthology of five original films, which will premiere on BBC One later this year and on Amazon Prime Video in the U.S. The other films that make up Small Axe are Mangrove, Alex Wheatle, Education and Red, White and Blue. Mangrove and Red, White and Blue will also have their world premieres at the NY Film Festival as part of its main slate. Both Mangrove and Lovers Rock are part of the Cannes 2020 official selection. The story. +National Geographic nabs Sundance favorite City So Real. The Disney-owned cable network will air the series, from Participant Media and Kartemquin Films, in the fall, it announced Monday at the virtual Television Critics Association press tour. More. HFPA Lawsuit HFPA hit with antitrust suit after excluding foreign journalist. According to a complaint filed on Monday in California federal court, the HFPA has adopted membership rules that exclude qualified applicants who compete with existing members. The suit further alleges that foreign markets are allocated, and that applicants must execute agreements pledging not to write for any rival publication claimed by a HFPA member. It's also reported in the complaint that HFPA's 87 members are using the Golden Globes as a way to monopolize opportunities to attend industry events or interview "hot" movie stars to the exclusion of other foreign journalists. The story. +CBS shareholders are asking a New York federal judge to certify class action in a securities fraud lawsuit that claims ousted CEO Les Moonves misled investors through statements he made about the #MeToo movement before the misconduct allegations against him became public. The story. +Movie theaters say New Jersey's religious bias is unconstitutional. New arguments come after New Jersey tells a judge that the State "does not have to allow a couple a night out to watch Tenet simply because it is also protecting their right to freely worship." More. +Twitter expects to pay 9-figure fine for violating FTC agreement. Twitter says that it has received a draft complaint from the Federal Trade Commission alleging that the company violated its 2011 consent order from the commission. The company says that it estimates a “range of probable loss” between $150 million and $250 million. More. ►Netflix in talks to buy Amy Adams' The Woman in the Window from Disney. The Fox 2000 adult drama is the latest Hollywood studio pic to bypass a theatrical run and head straight to streaming or PVOD amid the ongoing coronavirus pandemic. The story. ►MSNBC shakeup: The cable news channel is reworking its afternoon lineup, moving Chuck Todd from 5 PM to 1 PM, and giving Nicolle Wallace two hours from 4-6 PM. Ayman Mohyeldin will take over the 3 PM hour. ►AMPTP, SAG-AFTRA reach tentative TV animation deal. The previous agreement, originally set to expire on June 30, was extended until July 30. The new proposed agreement will now go to the SAG-AFTRA executive committee for approval before going to members for ratification. If accepted it would apply retroactively to July 1 and run through June 30, 2023. More. ►Put them in, coach: Sports drama films set for a revival. Stories of real-life athletes faded from box office glory as franchises dominated studio schedules, but a slate of more inclusive sports movies is poised to put the genre back in the game, Mia Galuppo reports. The story. ►Guest column: "Animation is one place where race shouldn't matter." First cast by George Lucas, Black voice actress Angelique Perrin comments on Kristen Bell and Jenny Slate stepping aside ("I was surprised so many white actresses were playing Black characters") and how opportunities define success in Hollywood: "What Indian actor's career would have been launched if cast as Apu instead of Hank Azaria?" The column. ►Film review: David Rooney reviews the HBO Max original An American Pickle, writing that "the oddball mix of goofy '90s-style comedy with a big fat sentimental heart makes An American Pickle a tough movie to dislike." The review. +TV reviews: Daniel Fienberg reviews the HBO political doc The Swamp. "Described as the story of 'three renegade Republican Congressmen as they bring libertarian and conservative zeal to champion the President’s call to 'drain the swamp,'' the final product plays as a showcase for Florida's Matt Gaetz," Fienberg writes. The review. +Also: Inkoo Kang reviews the Peacock comedy Hitmen, writing that "if some of the best TV comedies of the past few years have focused on the drab ordinariness (and/or existential malaise) of outwardly badass vocations, here's a thoroughly low-key iteration of that trope." The review. ►Broadcast TV ratings: A primetime NBA game carried ABC to a demographic victory on Sunday, pulling in preliminary numbers in line with the network's primetime games earlier in the season. CBS' 60 Minutes led the total-viewer rankings by a sizable margin. The numbers. ►Casting roundup: Bradley Cooper is in talks to star in Paul Thomas Anderson's next feature, an untitled coming-of-age drama set in the 1970s San Fernando Valley... The Kissing Booth star Joey King is in negotiations to board Sony’s Brad Pitt-starring action thriller Bullet Train... Orange Is the New Black star Danielle Brooks will play gospel music icon Mahalia Jackson in a biopic on Lifetime... Chris Hemsworth is diving into National Geographic's Sharkfest. The Avengers star will headline a special for the 2021 edition of the summer programming block on Nat Geo... ►Awards Chatter podcast: The beloved "children's troubadour" Raffi reflects on his own complicated childhood, what led him to trade in his dreams of being the next James Taylor to entertain toddlers and what his hopes are for "Beluga Grads." Listen. Obituaries: Reni Santoni, who starred in Carl Reiner's semi-autobiographical movie Enter Laughing and played the rookie partner of Clint Eastwood's maverick detective in Dirty Harry, has died. He was 81... Jeffrey Sacino, an Emmy-nominated hairstylist who had a long run on The West Wing and worked on films including Cobb, Pollock and The Kingdom, has died. He was 72... In other news... --The Good Fight and Evil creators Robert and Michelle King have signed with UTA for representation in all areas. --ViacomCBS will launch a connected video advertising platform called EyeQ later this fall, the company said Tuesday. The platform will serve as a single transaction point for all of the company’s video assets. --STXfilms has taken the U.S. rights to director Kevin Macdonald's untitled legal thriller, formerly known as Prisoner 760. --Taylor Swift has broken the record for the most Billboard Hot 100 entries by a woman in the chart's 62-year history. Now with 113, as of the chart dated Aug. 8, she passes Nicki Minaj's 110. --The international sound community led by Cinema Audio Society, Motion Picture Sound Editors and Association of Motion Picture Sound, has released an open letter urging Hollywood to allow key members of the sound department the same representation in end credits as it does department heads such as the director of photography and film editor. --Comcast-owned European pay TV giant Sky said on Tuesday that it will release The Secret Garden in cinemas and on its Sky Cinema service in the U.K. and Ireland on Oct. 23 under a deal with StudioCanal. --Days after resigning from News Corp.'s board of directors, James Murdoch has been approved to join the board of the owner of Art Basel as his firm takes a stake in the company. --Leyna Bloom, an actress, model, dancer and activist, has signed with CAA. What else we're reading... --"TikTok ban could derail lucrative economy for SoCal ‘cool kid’ creators" [LA Times] --"Padma Lakshmi wants us to eat more adventurously" [NY Times] --"At home with Paul McCartney: His most candid interview yet" [GQ U.K.] --"CBS News is retitling its broadcasts a bit too frequently this summer" [TVNewser] Today's birthdays: Barack Obama, 59, Billy Bob Thornton, 65, Greta Gerwig, 37, Meghan Markle, 39, Roger Clemens, 58.
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