Hello and congratulations on your arrival on Friday. As usual, International Insider is here to end your week with some readings and research of the last days. Jake Kanter is with you this week.
Store closure: Cineworld, the world’s leading exhibitor, caused industry shock this week when it took the wonderful resolve to temporarily close its 127 sites in the UK and Ireland, as well as its 536 Regal cinemas in the US. After its release over six months, which exposes the exhibitor, bringing out a lack of high-level titles on the board, some 45,000 members are affected and no deadline has been set for reopening.
The context: After months of closures, things had begun to improve for the theatrical exhibition industry after Warner Bros. withdraw the case and withdraw Tenet, generating more than $300 million worldwide. The foreign strategy made sense, but procedural difficulties in the United States. The states, which generated a mea resentment of $45 million in internal gross, sounded the alarm. While New York has not yet allowed cinemas to reopen, distributors hesitate to publish top titles in such a dubious market, with other primary films such as Dune, Jurassic World: Dominion and The Batman particularly behind schedule.
Cineworld review: In an exclusive interview with Deadline, Cineworld CEO Mooky Greidinger cited the “rigidity” of New York Governor Andrew Cuomo by allowing theaters to overre up as an explanation for why their action drastic, rather than pointing the finger at the studios. You can read Nancy Tartaglione’s full interview here.
Fallout: Most movie owners stand firm, at least for now. Vue International CEO Tim Richards told us this week that he was looking for the “nuclear option” to close the sites. However, the UK’s other lead exhibitor, Odeon, has reduced schedules by approximately 25% of its sites and will only open them on weekends for now. Exposure stocks were heavily affected in reaction to the news.
Reaction: High-profile figures came here to help the cinema, adding Patty Jenkins, whose 1984 Wonder Woman was delayed three times during the pandemic. “We may lose film forever,” he warned in an interview this week. of the list of moving films show no symptoms of slowdown, however, Disney uttered that the next Pixar Soul film will be the next major name to absolutely forget about theaters and make its debut directly online.
It’s Mipcom, but not as we know it: the wonderful and intelligentness of global television was meant to air in Cannes next week for Mipcom, but the coronavirus had other ideas: no more rosés, sumptuous yacht pairings, hot cuts at La Pizza Cresci and Majestic’s incredibly expensive snacks, instead a virtual market.
What this means in theory: Laurine Garaude (pictured), TV director of Reed Midem, the organizer of Mipcom, tells me that the diversity of speakers remains quite similar, with speeches through Netflix co-CEO Ted Sarandos. Host performances and main exhibitions such as the Lily James series, covered through BBC Studios, The Pursuit of Love, will be shown. Exhibitors will display, only virtually, while buyers and distributors will organize meetings through the Mipcom Online directory.
What this means in practice: Mipcom has been running for weeks. Studios like Sony and ITV Studios have hosted their own online storefronts, and the rise of video calls means they’re talking to shoppers more than ever. focal point to shout out completed agreements in the past and greet new potential customers, however, it is unlikely to be a center for giant transactions or a position where new problems generate biological buzzes.
Mipcom’s opinion: Garaude says this year has been “difficult” for his team, but hopes that Mipcom Online will be able to “capture the spirit” of the market; admits that it may not have the same thing. I don’t know why, intensely social industry. Garaude argues that 2020 is a failure, beyond a dismantling of the Mipcom model. “We’ll paint in combination in Cannes as soon as possible,” he adds. Full interview here.
And pay attention to this: I talked to 10 distribution managers in Europe and America about their perspectives on virtual Mipcom. We will leave the full function when the market officially opens on Monday.
The ghost of privatization is coming back: British media minister John Whittingdale dropped a bomb tuesday when, with nothing, he revealed that the government was seriously considering promoting Channel 4, explaining his reasoning at the Conservative Party conference, Whittingdale told his comrades that the Channel 4 business style (it is 95% funded through publicity) would possibly not be viable in the era of US transmission giants. Like Netflix and Amazon.
Possible reasons: The sale of Channel Four can increase the public treasury budget at a time when coronavirus-related debt is soaring. Moreover, conservative extremists have no love for Channel Four news, which they understand as a liberal house, even if it is. operates in accordance with strict impartiality regulations. Finally, as one source told me, promoting Channel Four represents an “unfinished business” for Whittingdale, who tried and failed to fustigate the station four years ago.
Channel 4 Response: Wonderful British broadcaster Bake Off was the first to admit that she had been brutalized by the spring pandemic, however, CEO Alex Mahon has since pointed to advertising profits and audience accumulation. , emphasizes the sustainability of Channel 4 and downplayed the sales speech, recounting an Ofcom event: “It’s a factor the government deserves to address, but it’s also a factor we can talk about in a perfectly moderate way. . . however, it is not a factor that concerns me unduly. “
Why this is important: Channel Four plays an exclusive role in the ecology of British broadcasting by directing its revenue to independent productions and protecting cutting-edge programs such as Gogglebox. whether it is the ecology of broadcasting in the UK and a thriving production sector.
???? Hot One of the Week: Spectrum Originals and ITV co-produce the Hitchcockian mental mystery Angela Black, in which Golden Globe winner Joanne Froggatt plays a victim of domestic violence.
???? International Box office: Two new Chinese films have moved to the two most sensitive locations in the world opening standings: My People My Homeland and Jiang Ziya: Legend Of Deification. Nancy Tartaglione has the details.
???? On the move: Anil Gupta, the BAFTA-winning executive manufacturer of the British edition of The Office, joins Sky Studios in the newly created role of comedy director.
???? Diary date: Mipcom, as we’ve heard, begins next week Don’t miss Ted Sarandos’ speech at 5:30 p. m. France’s local time on Monday 12th.
???? Trailer dash: Universal gave us a look at The 355, the mysterious female globetrotting spy starring Jessica Chastain, Lupita Nyong’o, Penelope Cruz, Diane Kruger and Fan Bingbing, which is still scheduled for January 15 in the country. Look here.
???? To survive: Samuel L.
NBC (social) distanced from British comedy: after the deadline revealed over the weekend that the British puppet comedy Spitting Image would premiere in the US. But it’s not the first time On Facebook instead of getting a net arc, it wasn’t transparent who had bloodless feet. founder of Avalon’s producer, provided an answer a few days later. Always frank, he published a salty explanation of NBC’s resolve to withdraw from Spitting Image a few weeks before his debut. “It’s essentially a pretty difficult display to do in the surrounding area, especially if you’re tying up big poppies. Inevitably, if you attack big poppies, other people worry,” Thoday told The Times. Be careful, we’re not surprised by Thoday’s willingness to bite the feeding hand. Produced through Avalon last week with John Oliver is part of the AT roast
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Programming of pandemic and pandemic transmission