The MGM, Lions Gate drama continues. The latest from Bloomberg.com: Lions Gate Entertainment Corp. is suing billionaire Carl Ichan over the Metro-Goldwyn-Mayer Inc. studio deal in federal court in New York, alleging the financier was “secretly plotting” to merge the studios. In the lawsuit, Vancouver-based Lions Gate, the studio whose films include “Crash” and “Precious,” alleges that Icahn realized by June that Lions Gate was in advanced negotiations with two unidentified studios. Aware that the deals might dilute his stake in Lions Gate, Icahn “took drastic and improper action,” the studio said.
Icahn, 74, the studio’s largest shareholder, undermined any proposed transactions by making false and misleading statements, Lions Gate said. He told the investing public that such a deal would be a “financial debacle” and issued press releases vowing to challenge any transaction and sue any entity that interfered with his tender offer, the studio said.
“Icahn opposed a merger with MGM not because it was bad for Lions Gate shareholders, but because it was good — so good, in fact, that he wanted to postpone it until he could buy as much of both companies as he could and thus extract for himself as much of the value stemming from the merger as possible,” Lions Gate said in the complaint, filed today in U.S. District Court in New York. Thanks to message board member Owain for the link. Read More…
From 3news.co.nz: Watch extended footage of a helicopter flight over the new sets in Sir Peter Jackson’s upcoming The Hobbit films. Just last night it was announced that the films, prequels to the wildly successful Lord of the Rings trilogy, would in fact be shot in New Zealand. That was put into jeopardy after the film was placed on a boycott list by an Australian-led actors group. The footage in this video, taken today, shows that work is still being conducted on one of the sets of the film near Matamata.
SYDNEY – Furious debate rages at this moment in New Zealand’s parliament on legislation sought by Warner Bros. to amend the country’s labor laws and make unionization of the local film industry more difficult. Meanwhile, key union leaders reported receiving death threats. Police have begun an investigation, according to a local press report.
The government has the necessary votes for the law revision and passage is expected later today. A Labour member of parliament decried today as a “day of shame.” The Labour and Green opposition have hammered on the loss of sovereignty implied by negotiating legislation with a foreign corporation, then ramming it through under an urgency procedure. The ruling National Party has emphasized the financial benefit of retaining the “Hobbit” production in country. More..
This contest is now over – thanks to all those who participated!
To celebrate their Spooktacular event, Sideshow Collectibles has kindly offered fans of TheOneRing.net a chance to win the Gollum Premium Format Figure! Priced at $299, this figure (just announced on Tuesday and shipping 2nd Qtr 2011) features a swappable torso, so you can display either Smeagol or Gollum. And in case you want to display them both at the same time, they are including a separate base to accommodate. Since this giveaway is exclusive to TheOneRing.net, you’ll need to follow these directions to participate. Go to SideshowCollectibles.com and visit the Spooktacular Contests area. [right here] Click on the ‘Gollum Giveaway’ link near the bottom. Enter your details into the form and use the word ‘HobbitNZ‘ when prompted for the contest word. And that is it! One winner will be chosen at random on Saturday at 4pm ET, and we will post the winning name as an update to this story. You must be 18 years or older to win. Good Luck! [Gollum Figure]
Doug Adams, author of the recently released book “The Music of the Lord of the Rings Films”, has written up an article over at his site on why New Zealand matters for The Hobbit. Doug has worked closely with Howard Shore for the better part of a decade and he has had great insight into the production for the music of the Lord of the Rings movies. So besides enumerating the enormous difficulties the production would have faced were it to move off-shore, Doug writes this article through a “music-specific lens” and details the impact the move would have had on the music for The Hobbit movies.
Here’s a snippet from the article:
That impact would have been felt most painfully during the post-production. Post, as you all know, is where the lion’s share of the music is created. Yes, Shore has already begun his creative process, but nothing other that pre-recorded songs an diagetic music can be recorded and mixed until the film is shot, edited, and locked. Performers and rooms need to be booked for specific schedules … as do technicians, editors, producers, and so on and so forth. It’s a small army, and it needs time and care.
My greatest fear — viewed through a music-specific lens, that is — was that the production would be rearranged in such a manner that there would be very little time for the music to be created appropriately.
Happily, with New Zealand now set and a February kick-off locked, it looks like none of these concerns will materialize. With a December 2012 release for part one, Shore and company should, presumably, be able to earnestly start into the post-production in late summer of 2012 … essentially the same schedule that was in place for the LOTR pictures. And those came out pretty well, I think! 🙂
Read the entire article over at Doug’s site. Many thanks to message board member Magpie for pointing us to this article.
Wingnut Films has released a statement from Peter Jackson and Fran Walsh in expression of their gratitude to the New Zealand Government, Warner Bros., New Line Cinema, the workers, and the fans who supported the making of The Hobbit in New Zealand.
Filmmakers, Peter Jackson and Fran Walsh stated today “We are grateful to the Government for introducing legislation which shall give everyone in the film industry certainty as to their employment status. This clarification will provide much needed stability and reassurance for film workers as well as investors from within New Zealand and overseas.”
Jackson went on to thank Warner Brothers and New Line Cinema for their continued commitment to New Zealand. “Their respect for the skill and talent of Kiwi crews and performers speaks for itself.”
Finally, Jackson stated, “I feel enormous gratitude to the film technicians, actors and fans who came out in support of making these films in New Zealand. To the thousands of people who took the time to write and let us know they were with us – thank you. It made all the difference.”
