Looks like Newsom pressured Bonta
https://twitter.com/nick_field90/status/2102055053263601691liberal c***
Here are the terms
https://twitter.com/Variety/status/2102094011758522836• Keeping its operations in California and not selling the Paramount or Warner Bros. studio lots
• Investing an additional $300M annually in U.S. film production
• Staying true to its commitment to release at least 30 movies theatrically every year
• Establishing a third-party, independent board to oversee CNN and CBS News in order to maintain the news outlets’ editorial independence
They could have at least tried to make even one of these believable
writers guild some b**** ass niggas
writers guild who went on strike against ai is folding for paramount who is pro ai
Looks like Newsom pressured Bonta
https://twitter.com/nick_field90/status/2102055053263601691Newsom is a very vocal Zionist, this doesn’t surprise me at all
Resident Evil made by Sony thankfully
Doubt I'll be supporting either one of these studios moving forward
Bro 30 theatrical release per year doesn't even sound reasonable lol. Why would they let paramount get that off
More terms have emerged
• 30 theatrical releases a year for 2 years, then 32 a year for 3 years.
• 20 wide releases, 4 indie films, and 20% must be $50M+ tentpoles/blockbusters.
• 45 day theatrical windows, and 90 days before anything hits SVODs.
• $30M penalty for every film that falls short of the target paid into union and industry funds.
• $300M more a year on U.S. production, a $1.5B total raising U.S. production from 5% to 20%.
• $5M a year indie fund + $9.5M a year for workforce training.
• Both lots MUST NOT BE SOLD OR CLOSED through 2031. AKA, stay in operation in California.
• Development deals already signed within the 12 states MUST be honored.
• Editorial independence board for CNN and CBS News.
In addition, there are two contingent divestitures IF Paramount fails the following and it's not remedied within 6 months:
• Miss the annual film target: Miramax MUST BE SOLD.
• Violate ANY cable commitments: BET, Comedy Central, VH1, Smithsonian, etc. MUST BE SOLD.
Bro 30 theatrical release per year doesn't even sound reasonable lol. Why would they let paramount get that off
It's not reasonable, it won't happen, and there's no way to enforce it in real time or after the fact just like every other term of this settlement agreement
Not so dissimilar to how things normally go, the Democrats caved and gave the Republicans everything they wanted for nothing
We’re so cooked
https://twitter.com/bedoyausa/status/2102122216687079933its over!
the crossovers coming
This is one aspect of this that will be cool for kids now but tbh with how media has lost its worth over the years, its like Filmation, Hanna Barbera and MGM cartoons or some s*** merging in like 2002 lol it really doesnt matter at this point way past the heyday of like a Danny Phantom Ben 10 cross over unless they aim it at 90’s babies content wise with profanity and s***
This could make adult swim and toonami crazy
More terms have emerged
https://twitter.com/dcfilmnews/status/2102113020595855867• 30 theatrical releases a year for 2 years, then 32 a year for 3 years.
• 20 wide releases, 4 indie films, and 20% must be $50M+ tentpoles/blockbusters.
• 45 day theatrical windows, and 90 days before anything hits SVODs.
• $30M penalty for every film that falls short of the target paid into union and industry funds.
• $300M more a year on U.S. production, a $1.5B total raising U.S. production from 5% to 20%.
• $5M a year indie fund + $9.5M a year for workforce training.
• Both lots MUST NOT BE SOLD OR CLOSED through 2031. AKA, stay in operation in California.
• Development deals already signed within the 12 states MUST be honored.
• Editorial independence board for CNN and CBS News.
In addition, there are two contingent divestitures IF Paramount fails the following and it's not remedied within 6 months:
• Miss the annual film target: Miramax MUST BE SOLD.
• Violate ANY cable commitments: BET, Comedy Central, VH1, Smithsonian, etc. MUST BE SOLD.
this is kinda good?
Bro 30 theatrical release per year doesn't even sound reasonable lol. Why would they let paramount get that off
Could they be considering re-releases in that cause I also don't see them getting 30 new films out in 1 year
Could they be considering re-releases in that cause I also don't see them getting 30 new films out in 1 year
That and acquisitions might count, but if that’s the case they should cap how many of those they do in this settlement
I feel like the terms miss the real point of why this is a bad idea and absolutely failed everyone involved
It kinda sucks how almost every single person in power is spineless as s***
I feel like the terms miss the real point of why this is a bad idea and absolutely failed everyone involved
It kinda sucks how almost every single person in power is spineless as s***
this is kinda good?
Can’t trust Zionist
this is kinda good?
Lol
I feel like the terms miss the real point of why this is a bad idea and absolutely failed everyone involved
It kinda sucks how almost every single person in power is spineless as s***
Our Democratic leadership hard at work
Lol