EDITORIAL
Licensed music...
Music budgets can cost more than the film budgets sometimes. It’s very expensive. It’s just very, very expensive. Even older directors sometimes can’t understand that, and it doesn’t seem like producers understand that. By the time I come on, usually the money is gone because they had to shoot an extra day or the hair and makeup was more complicated than they assumed and they just always steal from the music budget. So by the time I get in, what started as the Colorado River is now a creek, and that’s what I have to do my job. Over and over, every supervisor will tell you: it’s the lack of “If you know the song, and your mother knows the song, you can’t afford the song.”(courtesy Arrow Peretz)...
Have a pleasant Friday night at the movies,
Jean Constant
Shares of Paramount Global rose more than 13% in early trading Wednesday on news that the media mogul’s Allen Media Group made an unsolicited $30 billion acquisition offer to acquire the entertainment conglomerate. If successful in swinging a deal, Allen would sell off Paramount Pictures, Paramount Global’s real estate assets and some of its intellectual property, while retaining the company’s TV networks and Paramount+ streaming service and operating those “on a more cost-efficient basis.” Paramount Global’s TV business, which includes CBS, Nickelodeon, MTV, Comedy Central and BET, has suffered from a decline in advertising and viewership while its streaming division is still in the red. L.A.-based Allen Media Group’s holdings comprise 12 cable networks, including the Weather Channel, a theatrical movie distribution company and 28 broadcast stations. The company also produces, distributes and sells advertising for 73 TV shows...