Happy Friday, Tom Grater here. Here’s a rundown of the key pieces of international news from this week. If you want to subscribe to get this alert in a timely fashion, sign up here.
1. Apple’s Big Bite
Flexing financial muscle: If you thought the film biz was tightening its belt and cautiously waiting out the pandemic, think again. This week, Apple triumphed over Warner Bros in a frenzied Cannes auction by sealing a remarkable $120M deal for Antoine Fuqua’s thriller Emancipation, which is set to star Will Smith as a runaway slave. That’s not just a record for a festival pact, it blows any previous deal out of the water.
Sign of the times: It was telling that a streamer triumphed over a studio (though it sounds like Warner fought hard), and the deal was a reminder that tech giant Apple, the third most valuable company in the world,...
1. Apple’s Big Bite
Flexing financial muscle: If you thought the film biz was tightening its belt and cautiously waiting out the pandemic, think again. This week, Apple triumphed over Warner Bros in a frenzied Cannes auction by sealing a remarkable $120M deal for Antoine Fuqua’s thriller Emancipation, which is set to star Will Smith as a runaway slave. That’s not just a record for a festival pact, it blows any previous deal out of the water.
Sign of the times: It was telling that a streamer triumphed over a studio (though it sounds like Warner fought hard), and the deal was a reminder that tech giant Apple, the third most valuable company in the world,...
- 7/3/2020
- by Tom Grater
- Deadline Film + TV
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