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Showing posts from July, 2024

Is Warner Bros. Discovery About to Spin Off Max and the Studio from TV Assets?

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It has been challenging for Warner Bros. Discovery. They've had a very poor press cycle with looming job losses and the potential loss of its lucrative rights to the NBA games. Last week, reports surfaced that Warner Bros. Discovery may address some of its recent financial messes by splitting up the company assets. Other proposed solutions have been selling the company or merging again with a new partner. Blake & Wang P.A.  the entertainment attorney in Los Angeles, Brandon Blake, looks more closely at this new development.                                                                          Brandon Blake "Not Working" for Wall Street On the financial side, many analysts believe that Warner Bros. Discovery has solid assets with considerable potential but also that the current company structure could be working better with them. Spinning off the WBD studio assets, alongside its DTC and streaming assets, from its cable networks may be the best solution. After

Inside Out 2 Takes the Crown as Pixar’s Biggest Hit

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 It always comes from where you least expect it. That seems to be the message the 2024 box office is keen to deliver, at least! As Inside OUt 2 continues to defy predictions and reign supreme at the box office, it has brought yet another shiny new record to the table— this time as Pixar’s biggest global hit to date. Our Blake & Wang P.A. entertainment attorney , Brandon Blake, unpacks this latest development.   Brandon Blake The Highest-Grossing Pixar Movie of All Time After a spate of under-performances and flat-out duds, the 2024 box office sure needed a pick-me-up. However, no one could have predicted it would be a sunny sequel to an animated film about emotions. The original Inside Out took $859M at the global box office. Its follow-up has already blasted through that, with a running global cume of $1.25 B and counting, and it hasn’t even left theaters yet. In fact, it has yet to open in some key markets, including Japan. That is currently a split of $708M internation

Berlin International Film Festival Introduces a New Section

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 One of Europe’s “Big Three” film festivals is set for a major expansion in its 2025 edition. The Berlin International Film Festival announced a brand-new competitive sidebar section to further expand its exceptional work and bustling atmosphere for emerging filmmakers. Brandon Blake, our entertainment attorney Los Angeles from Blake & Wang P.A., has all the insider info.   Brandon Blake Perspectives: A New Competition Section The new "Perspectives" sidebar is primarily aimed at emerging filmmakers, and will showcase up to 14 debut features in the 2025 edition of the Berlinale. This comes as the festival works hard to reboot itself under the new directorship of Tricia Tuttle. A jury of three industry professionals will oversee the sidebar. A first-place win carries a $53,000 cash prize, to be split between the directors and producers of the winning title.   Tuttle, in a recent statement, highlighted that they hope to attract a range of international productio

TPG Re-Enters the Talent Game

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 It’s starting to look a little like 2021 again. At least in the talent management industry. TPG, the private-equity firm that sold off its majority stake in CAA in a deal finalized in 2021 is re-entering the talent management space with a new company. Brandon Blake, entertainment lawyer at Blake & Wang P.A., has all the news.   Brandon Blake New TPG Company A newly formed TPG company will now take a majority stake (from Canada’s Boat Rocker, Inc.) in Hollywood’s Untitled Entertainment. The deal is said to have closed at about $37.7M and includes 8.8% of the outstanding common equity.   Boat Rocker’s former president will take the role of CEO, with their former EVP moving into the COO role. Untitled’s founding partners will remain as co-CEOs and partners. Untitled currently works across all areas of the entertainment industry, from digital media and TV/theater through to fashion and music.   However, TPG has also indicated that it intends to further grow its stable