All News articles – Page 5064
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Seven groups submit KirchMedia takeover bids
An offer of $2.6bn emerged as the highest of seven bids submitted by separate consortia offering to take over the insolvent KirchMedia, a meeting of the concern's creditors was told yesterday. Some creditors had hoped for bids to reach $3.5bnCommenting on the range of bids, KirchMedia managing director Wolfgang van ...
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UK's Channel 5 acquires Columbia TriStar slate
UK terrestrial broadcaster Channel 5 has struck a multi-million pound deal to acquire Columbia TriStar's 2002/3 slate of films, including Men In Black II, Spider-Man, Terminator 3 and XXX.Reportedly worth $31.1m (£20m), the deal also includes Black Hawk Down, Charlies Angel's 2, Stuart Little 2 and The Panic Room. ...
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Korean cinemas exceeding local quota requirements
Korean cinemas are screening local films at a record-setting pace, exceeding requirements of the nation's Screen Quota System for the second year on record and raising issues of 'cultural exception'. According to Korea's Coalition for Cultural Diversity in Moving Images (CMDI), which independently monitors the activities of 617 screens nationwide, ...
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Germany's Helkon Media files for insolvency
Germany's Helkon Media AG has filed for insolvency proceedings at the Munich insolvency court, the company said today (August 2).The insolvency is expected to be one of the largest of the Neuer Markt companies, amounting to hundreds of millions of Euros. The move was a shock to staff, who were ...
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Italy's summer releasing strategy needs marketing support
While Italy's box office figures slumped in mid-July as temperatures soared and millions of Italians hit the beaches, a deeper analysis reveals that the local industry's effort to establish a 12-month box office season has all the potential to be a success - as long as it is supported by ...
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Hong Kong's B&S to join growth enterprise market with 100 million shares
Producer-distributor B&S Films has unveiled plans to join the long list of Hong Kong film companies listed on the Growth Enterprise Market (GEM).The company will place 100 million shares at 50 HK cents each for a listing on August 6. Chairman Siu Luen Fat said the move would help B&S ...
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Spain's Manga seeks investor for $19.5m capital increase
Spanish distributor Manga Films is seeking an investor to provide a capital increase of $19.5m to finance its local expansion plans.Manga president Luis de Vals, told Reuters that the addition of a new major shareholder would herald a consolidation of the company's activities with the objective of expanding in ...
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Shrek co-director Andrew Adamson signs to The Lion, The Witch...
Andrew Adamson, the co-director of last year's CGI animated smash Shrek for DreamWorks SKG, has signed to direct The Lion, The Witch And The Wardrobe, the first ever live action film of the CS Lewis book for Cary Granat's New York-based Walden Media. Walden optioned the seven-part book series The ...
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Sums begin to add up as UIP spreads Fears in Europe
Paramount's latest Jack Ryan title The Sum Of All Fears received a promising, if somewhat subdued, European launch at the weekend in France and Belgium.In Belgium the action thriller exploded into first place over its five-day opening with a strong $187,931 (Euros 189,998) from 54 screens for a healthy average ...
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British Board of Film Classification names new president
Quentin Thomas (pictured), a civil servant knighted for services to the Northern Ireland peace process, will succeed Andreas Whittam Smith as president of the British Board of Film Classification.Thomas, who led the team which first met Sinn Fein following the 1994 cease-fire, stressed the need for the self-funded body to ...
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NYC's No Borders co-production market unveils full line-up
A total of 36 projectshave been accepted into No Borders, the international co-production section ofthe IFP Market that will run from Sept 27-Oct 4 in downtown Manhattan. In additionto the 13 previously-announced international entrants, No Borders will includenew works from US indie veterans Jay Craven and Barbara Hammer, the firstdocumentary ...
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International film buyers target Locarno film festival
Over a dozen new international buyers - from Japan's Asmik Ace to Norway's Oro Films and the UK office of Unversal Pictures - are attending the Locarno International Film Festival for the first time this year; clear evidence of the festival's increasing market relevance.According to Industry Office co-ordinator Nadia Dresti, ...
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Giffoni's youth jury captivated by Scars
Norwegian director Lars Berg's Scars, a film about a young boy who uncovers a series of painful truths about his family, scooped the top prize at the 32nd edition of the Giffoni Film Festival, Italy's pre-eminent event dedicated to youth-oriented films. The movie's lead actor, Eirik Evjen, also won the ...
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Bill Paxton's directorial debut opens 16th Int'l Fantasy Filmfest
Actor Bill Paxton's directorial debut Frailty opens this year's 16th International Fantasy Filmfest, which hits Munich, Stuttgart, Frankfurt, Cologne and Hamburg before its finale in Berlin next month.The critically acclaimed film, which stars Paxton as a God-sent serial killer, features among a total of 63 films. Highlights include the international ...
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Bollywood hits lead re-scheduled International film festival of India
Bollywood hit Dil Chahta Hai (pictured) and winners of the 49th National Film Awards Dweepa and Chandni Bar are among the 20 feature films selected from 96 entries to be screened at the International Film Festival of India (IFFI) in New Delhi in October 2002. The other feature films selected ...
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Winchester Entertainment's Gary Smith cleared by UK financial watchdog
Winchester Entertainment chief Gary Smith (pictured) has been cleared by UK watchdog the Financial Services Authority (FSA) following an investigation into his sale of shares on the eve of a profits warning in February.The FSA told the publicly-listed company that it had found no evidence of insider dealing or market ...
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Japan's film industry sustains growth - over three years
Sustained by the twin engines of multiplex growth and the popularity of anime titles, Japan's film industry has enjoyed a three-year period of growth, according to the Ministry of Economy, Trade and Industry (METI). Total revenues from film production and distribution and video sales have risen 5.7%, from $4.2bn in ...
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HBO's Real Women goes theatrical after all via Newmarket start-up
Only two months after HBO Films president Colin Callender publicly reconfirmed that all its movies would premiere on the HBO channel in North America, the company has announced that it will release crowd-pleasing festival favourite Real Women Have Curves in theatres this October. The film will be a joint distribution ...
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Alberto Barbera is guest director at Telluride Festival
Alberto Barbera, the former director of the Venice Film Festival, will serve as guest director of this year's Telluride Film Festival which kicks off in the Colorado mountain resort on Aug 30 and goes through to Sept 2.Serving as a key collaborator in all the festival's programming decisions, Barbera joins ...