![]() ![]() Dalian Wanda Group took control of Legendary in 2016 in a $3.5 billion transaction that at the time represented the largest China-Hollywood deal (though that price was widely viewed as inflated). The film production and co-financing company that set a pandemic global box office record with Godzilla vs Kong, has been quietly exploring its options. Kong, Pokémon Detective Pikachu, Mamma Mia: Here We go Again and Jurassic World: Fallen Kingdom $4 billion AP Legendary Entertainment: Greatest Hits: Godzilla vs. One of his U.S.-based holdings, Legendary, is exploring its options. Here’s a stab at what values are being floated for some of Hollywood’s top targets.Ĭhinese billionaire and Wanda Group Chairman Wang Jianlin has been shedding assets around the world. The billionaire producer is not a seller, says Cary, but he could be a buyer.Ī clue to what others may be thinking may lie with Jason Blum, the horror dynamo behind Blumhouse: “He doesn’t have a sandwich board on himself,” according to one source before adding that he’s also not ruling anything out. ![]() It could also put a top-dollar value on a shop like Perry’s, which does its own financing and thus owns its production outright, and has only one principal to pay, Perry, who writes, produces, directs and often stars in his own shows. That leaves a dangling question mark over every outfit from Will Smith’s Westbrook Entertainment to Steven Spielberg’s hitmaker powerhouse, Amblin Entertainment. “Now they're seeing ways they can have equity-type upside by creating their own companies and also being part of new scaled, independent companies.” “(Talent) sees enormous value for companies built off of their efforts and they’re not seeing an equity-like return on that,” says Kevin Mayer, who partnered with former Walt Disney chief operating officer Tom Staggs and Blackstone in the Hello Sunshine investment. Those get slashed by the cost of repaying investors who financed the production, hefty marketing and promotion expenses, the sizable shares claimed by movie theaters and TV networks, as well as paying out profit- share deals with the directors, stars and producers who make it all happen. The price tag for the five-year-old company - which reportedly fetched a premium of more than seven times projected revenue - hints at a soaring market for producers with a proven track record, since any cash flow Hello Sunshine sees is far less than the headline box office numbers that get reported. Witherspoon, who bet on herself when she created Hello Sunshine, was able to leverage the rights she held to female-focused stories including the films Gone Girl and Wild, and series that she sold to Hulu, Apple and HBO. The entrepreneur was feted by (L-R) Sumner Canfield, author Joanna Teplin and author Clea Shearer at NeueHouse Hollywood in Los Angeles, California. Actress Reese Witherspoon sold a majority stake in Hello Sunshine.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |