Sure, Paramount is spending $1.6 billion to acquire Dreamworks, but it's not all loss: they're planning on selling the 'Works' 59-film live-action library as soon as possible to defray costs of the buyout. Paramount will keep distribution rights on those films, but it's as yet unclear how much profit they could potentially make on the sale of DVD rights. Meanwhile, Dreamworks co-founders Steven Spielberg and David Geffen will keep their offices to the Universal lot, despite that company's failure to successfully acquire their baby. "Due to my very long history and my loyalty to
Universal," Spielberg said in a statement. "I was saddened that after long negotiations and many
compromises we were unable to come to terms with Universal's parent
Thanks to passels of sold-out crowds, Brokeback Mountain broke the year's per-screen earning's record this weekend, and according to Focus Feature's Jack Foley, it was little to do with his company's efforts. "This is the kind of film that is happening to us, as opposed to us driving the film." The picture expands to about 50 screens next week.
Todd McCarthy has seen The Producers, and he's not particularly impressed. "So determinedly old-fashioned it makes a strong claim to being the best film musical of 1959...[The Producers] reproduc[ers] Mel Brooks' still-running Broadway smash so literally you can practically see the proscenium arch."