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October 21, 2008

Sucker Born Every Minute: Episode 27,643

Word today in The New York Times - which means that one side of the negotiation wanted it in the NYT - that Universal may be able to sell off the failed genre arm of Focus Features, Rogue Pictures, to Relativity boggles the mind.

How stupid does Ryan Kavanaugh have to be if he is willing to pay a single penny more than the classic “$1 to take it off your hands” for this white elephant?

Perhaps he can go get Fox Atomic and “The New Paramount Vantage” while he’s at it.

Insanity.

The vanity of being “a studio” is the only possible benefit to a company that is paying for its own movies and already has an output deal with a studio.

If he wants to do something stupid, why not just stay with MGM and take over UA, now that it’s been utterly marginalized?

God bless Ron Meyer for talking poor Mr. Kavanaugh into thinking that it would be Shinola he was buying.

Who could resist a level of success that looks like this? 4 years, 14 movies, 2 over $25 million domestic gross. Wow!

Shaun of the Dead - $13,542,874
Seed of Chucky - $17,083,732
Assault on Precinct 13 - $20,040,895
Unleashed - $24,537,621
Cry Wolf - $10,047,674
Dave Chappelle's Block Party - $11,718,595
Waist Deep - $21,344,312
Jet Li's Fearless - $24,633,730
The Return - $7,749,851
The Hitcher (2007) - $16,472,961
Hot Fuzz - $23,637,265
Balls of Fury - $32,886,940
Doomsday - $11,008,770
The Strangers - $52,597,610

Proud… and profitable… right? And just imagine how much better it will be without the product from Working Title!!!

Schamus & Linde were and are masterful with the art and foreign productions and business models. The “genre business” was never a fit. Ryan Kavanaugh’s investments have been much more mainstream… or is he trying to tell us that he wants to make more Death Races?

Stay away, Ryan. DreamWorks learned its lesson and is there to instruct you. Don’t be Rogue. Keep branding Relativity. Heck, start looking for other people’s money to spend and they you will be a real studio, my son. The strawberries look good on the shelf, but if you open the crate, it’s moldy underneath.

Posted by dpoland at October 21, 2008 10:56 AM

Comments

Aww c'mon, Hot Fuzz made more than $23 million. Would have made more with the right marketing.
Other than that, yeah a lot of stinkers.

Posted by: doug r [TypeKey Profile Page] at October 21, 2008 11:57 AM

Shaun of the Dead only made $13 million? I really liked that movie, I thought it had done better than that.

Posted by: Kim Voynar [TypeKey Profile Page] at October 21, 2008 04:46 PM

Yeah, those two movies jumped out to me, too. Do you really have to buy Oscars these days? I thought Jet Li's Fearless was extremely well done, very balanced. Do you think if Hot Fuzz or Fearless had been Fox Searchlight they would've blown into the stratosphere? There looks there are like some pretty decent films on that list. Kinda sad they didn't do better. Are they fairing better in aux releasings? Too many movies suck by strictly chasing after derivative elements thought to guarantee profits. That's kinda sad. How do original films make money? As copycat as this town is, I can't believe one distrib would consistently have so much success while most others would face plant their ops into 6 ft below.

Posted by: Triple Option [TypeKey Profile Page] at October 21, 2008 05:06 PM

I'm not trying to bust on every movie... I like those movies too... but while they were not losers, they were not big overperformers either. Both films made more than enough to be very profitable for their producers before North American release.

And Working Title specialty product would likely be released via Focus in future, in any case.

Posted by: David Poland [TypeKey Profile Page] at October 21, 2008 05:22 PM

Geez David, how about looking at the quality of the films? Why is the cost so important to you? Just for SHAUN OF THE DEAD alone that list is priceless.

Posted by: christian [TypeKey Profile Page] at October 21, 2008 08:24 PM

Because they aren't buying art, christian... they are making a business deal.

Or were you being facetious?

Posted by: David Poland [TypeKey Profile Page] at October 21, 2008 11:06 PM

This thread reminded me to ask:

Why is "Transporter 3" a Lionsgate domestic release instead of Fox (who released the first two)?

Found a bunch of articles touting LG's acquisition, but couldn't find any insight into why or how this lucrative franchise slipped through its usual distrib.

Posted by: LexG [TypeKey Profile Page] at October 21, 2008 11:12 PM

Not facetious at all. I don't care about the deal - I care about the art. (And yes, SOTD is Art!)

Would you rather have the deal...or the art?

Posted by: christian [TypeKey Profile Page] at October 22, 2008 12:33 AM

Shaun of the Dead blows. And that Block Party thing doesn't even count as a movie.

The rest of that list is pretty aces, though, even if Hot Fuzz has all that weird Ninth Gate-looking town elders shit THAT WOULD NEVER BE IN AN ACTION MOVIE, EEEEEEEVER.

BALLS OF FURY is probably fucking terrible but MAGGIE Q gives me a BONER.

Posted by: LexG [TypeKey Profile Page] at October 22, 2008 12:48 AM

'shaun of the dead' rocks. fuckadoodledoo!

anyone in the mood for some 'best of':

http://www.youtube.com/watch?v=oEWUjl7Qx6M&feature=related

Posted by: leahnz [TypeKey Profile Page] at October 22, 2008 01:24 AM

But Christian, an artist can't make art unless he has money to live.

...or, however you want to extend this metaphor.

Posted by: KamikazeCamelV2.0 [TypeKey Profile Page] at October 22, 2008 01:25 AM

I guess I'm not clear on how Rogue Pictures is a failure. Why aren't you taking into account the money the movies made overseas?

Going by worldwide gross, only 3 of these movies fall under $20m BO. 'Hot Fuzz' took in $80m. 'Cry Wolf' made $15m off of $1m. (stats from box office mojo).

I couldn't find budgets for four of these, but of the ones I could find, only two (The Return and Doomsday) seem to have really tanked.

That would make Rogue a moneymaker, wouldn't it? Or at least valuable?

Posted by: CMoorhead [TypeKey Profile Page] at October 22, 2008 07:01 AM

"But Christian, an artist can't make art unless he has money to live."

Tell that to all my friends who don't get paid to create!

Posted by: christian [TypeKey Profile Page] at October 22, 2008 10:19 AM

christian: I'm assuming your friends don't require millions of dollars to produce their art. :)

Posted by: yancyskancy [TypeKey Profile Page] at October 22, 2008 10:44 AM

CMoorhead, I don't know all the details, but Rogue didn't get the overseas money on Hot Fuzz and Shaun of the Dead among others - they're a domestic distributor, primarily.

And I agree, Shaun of the Dead and Chapelle's Block Party are the winners on that list. Doomsday was trash, but it was highly enjoyable trash - and I'm glad Rogue exists for them.

Posted by: jeffmcm [TypeKey Profile Page] at October 22, 2008 11:46 AM

Since most are screenwriters...yes!

Posted by: christian [TypeKey Profile Page] at October 22, 2008 12:55 PM

Not wanting to belabor this...

But when a company launches a new division with a specific goal, it is not enough to have some good movies with some marginal profitability.

Rogue and Atomic were both launched to chase the Dimension and Lionsgate models. But as they launched, the success of that specific model narrowed. In addition, studios who own these divisions are not willing to push as far as Lionsgate into NC-17/unrated territory.

The companies needed one Scream or a Spy Kids or a Saw in order to fulfill the corporate idea of a division being needed. And at NBC/U, movies like Hot Fuzz will continue to be made by Working Title for Europe and will get distribution through Focus itself... which is one of the reasons that NBC/U needs to keep Focus open.

The end of Section Eight at WB was the end of WIP. The end of the HBO Movies relationship was the end of Picturehouse. As long as Working Title is as Universal, a division to sell the smaller, more publicity-heavy movies is still important. And that deal last through 2013, folks.

Posted by: David Poland [TypeKey Profile Page] at October 22, 2008 01:11 PM

So do you care more about the deal, the biz, the numbers...numbers...numbers...

I mean, what guarantees are there that any film will make money, David? NONE. That's the high risk nature of movie-making. So if you end up with Art plus Commerce, all is good. And if you end up with Art plus no commerce, you're still ahead. But nobody knows....blah.

Posted by: christian [TypeKey Profile Page] at October 22, 2008 03:04 PM

There is no "more."

My first love is film... quality film.

My interest in business has little to do with quality, since the business rarely has much to do with quality. It may seem cynical, but it's reality.

You're right... nobody knows. But some people are right more often than others and some people are more pleasant for the artist to work with and some models simply make more sense and lead to more product and less risk.

Posted by: David Poland [TypeKey Profile Page] at October 22, 2008 04:38 PM

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