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A curated list of other prominent stories from this day.
Tony Gilroy called the proposed Paramount-Warner Bros. merger tragic, arguing that it would damage the film business in pursuit of venture-capital returns. He pointed to his $36 million film, "Behemoth!", as an example of the mid-budget, adult-oriented movies that once supported theatrical filmmaking careers.
3:15 PMVariety
David Ellison has prevailed in assembling a larger entertainment company and is naming it Skydance Corp., reviving the name of his original production company. The strategy follows Skydance’s absorption of two major Hollywood studios in 14 months and faces the challenge of proving the combination can work.
9:00 AMVariety
Chicago artist Theaster Gates is taking on an unexpected new project: buying Pickard China, the last remaining maker of fine china in the United States. The move brings his art practice into the world of manufacturing, craft and industrial preservation.
7:00 AMNPR ArtsSummary
Tony Gilroy called the proposed Paramount-Warner Bros. merger tragic, arguing that it would damage the film business in pursuit of venture-capital returns. He pointed to his $36 million film, "Behemoth!", as an example of the mid-budget, adult-oriented movies that once supported theatrical filmmaking careers.
The key risk is further consolidation of financing and distribution around blockbuster economics, leaving fewer
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The deal could accelerate Hollywood's shift away from the mid-budget theatrical films that support creative risk and filmmaker development.
Summary
David Ellison has prevailed in assembling a larger entertainment company and is naming it Skydance Corp., reviving the name of his original production company. The strategy follows Skydance’s absorption of two major Hollywood studios in 14 months and faces the challenge of proving the combination can work.
The deal’s completion shifts the central question from whether Ellison can acquire major studios to
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Hollywood now has a newly consolidated power center whose success will test whether aggressive studio rollups can create value.
Summary
Chicago artist Theaster Gates is taking on an unexpected new project: buying Pickard China, the last remaining maker of fine china in the United States. The move brings his art practice into the world of manufacturing, craft and industrial preservation.
Gates has long treated overlooked buildings, materials and traditions as raw creative material. Fine china
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal could help preserve a rare piece of American craft while expanding what an artist's career can include.
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