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Showing posts from October, 2022

Batgirl Only the Start of Warner Bros Write Offs

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  It appears that the controversial cancellation of the Batgirl film will not be the only big-budget write off we see from the restructuring efforts at the newly minted Warner Bros Discovery. Just this week we see an announcement of up to $2.5B in further write offs coming. Brandon Blake, the entertainment lawyer with Blake & Wang P.A, elaborates on the news.                                                                       Brandon Blake Pre-Tax Restructuring Charges We always knew that the integration of two key companies in the entertainment landscape would come with changes. However, the newly-formed Warner Bros Discovery is pulling no punches. Somewhere between $3.2B and $4.5B in write offs will fall in its fiscal Q3. The projected $2B-$2.5B will come from its pipeline content, with the remainder comprised of other key restructuring costs, including office and facility consolidation and, of course, the severance packages accompanying its widespread layoffs.    No

Halloween Ends: Theatrical Release and Streaming Playing Nice

  As Halloween Ends hits both the big and little screens, we have further proof that combined release models can work well for a film’s best interests. Brandon Blake , entertainment attorney with Blake & Wang P.A, looks deeper into this interesting success story. No Longer Either-Or In the immediate wake of the streaming boom and industry shifts of the COVID era, we saw a sharp polarization emerge- there was no way theatrical and streaming releases could co-exist for the betterment of their takings and bottom line, right? It had to be either-or? With the day-and-date release model showing its flaws fast, however, we have seen a quick reversal of this black-and-white mentality, with combination models mostly proving to be the best release strategy for films.    Halloween Ends released last week, giving us the biggest opening weekend we’ve seen since Nope in July. Budgeted to pull in $30M, it has succeeded in reaching $41.25M, taking the Number 1 spot for the weekend. The

Box Office Pins October Hopes on Black Adam

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While the September Box Office performed a little better than its $300M projection, closing out at $317M, it was still a dull month, the worst on record since April 2021. And October barely looks better. However, there is light at the end of the tunnel. Entertainment attorney with Blake & Wang P.A, Brandon Blake, elaborates.                                                                       Brandon Blake Small Victories September did bring us three notable female-lead movies, especially the surprise dark horse of The Woman King, that each managed to open at $19M or more. This could be a juicy cue for the industry to lean into this under-serviced niche more. October, typically a grungy month in the Box Office calendar even in pre-pandemic years, also has a solid chance at a better-than-average performance. It is still unlikely to beat October 2021, however, which had Halloween Kills, Venom: Let There Be Carnage, Dune, and the latest Bond installment, No Time to Die, to boost its

Disney returns to Dish

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  After yet another vicious carriage agreement- or possibly rather disagreement- we have now seen Disney’s offerings return to Dish. Brandon Blake, entertainment lawyer with Blake & Wang P.A, has the news.                                                           Brandon Blake Temporary Restoration The Disney components of the service went dark as of the end of September due to the dispute over their existing carriage agreement with the service. While it has now been restored to the platform, it is a handshake agreement only, and Disney are clear that the return to service is merely temporary until a new deal can be finalized.   We’ve seen many such carriage deals reach the end of their existing terms without clear renewal agreements in place over the last few months. For Dish, it’s the second in a month, with the Game Show Network also going temporarily dark after a carriage dispute earlier in September.  Flagship Series With both the NFL-focused Monday Night Football