Red Arrow Studios , the production group owned by German broadcaster ProSiebenSat.1 , took a €46 million ($55M) hit to its revenue in 2020 after the coronavirus pandemic halted production around the world. Red Arrow-owned Kinetic Content landed a big Netflix hit in the shape of Love Is Blind , but it was ultimately an unsettled year for the production empire amid Covid-19. ProSiebenSat.1 shelved plans to sell the company because of the pandemic, while the producer’s CEO James Baker was among a number of senior executive departures. Red Arrow is now overseen by a ProSieben advisory board. According to ProSieben’s full-year earnings, Red Arrow’s total revenue fell 6% from €730M in 2019 to €684M last year. Adjusted EBITDA dropped 12.6% to €42M. Revenue picked up in Q4 last year, when sales hit €235M, compared with €222M in 2019. Related Story BBC Casts 'My Name Is Leon'; Red Arrow Locks-In CPL; ITV Renews 'Finding Alice'; ITV Orders 'Britain's Tiger Kings' -- … [Read more...] about ‘Love Is Blind’ Producer Red Arrow Studios Takes $55M Hit To Revenue During Pandemic
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‘Breathe’ Producer Abundantia Entertainment Acquires Indian YA Spy Novel ‘Along Came A Spyder’ For Series Adaptation
EXCLUSIVE: Mumbai-based Abundantia Entertainment , which has credits including the Amazon series Breathe and follow-up Breathe: Into The Shadows, has taken rights to the Indian young adult book Along Came A Spyder . The novel, written by Apeksha Rao, follows seventeen-year-old Samira who is smart, sassy, and whose only dream in life is to follow in her family’s footsteps and become a spy. Leading missions, running agents, evading exploding napalms – she wants to do it all while dealing with the coming-of-age pangs on her budding youth. When she accidentally discovers there exists a sisterhood of teen spies called ‘The Spyders’, Samira will do anything to get in. Abundantia will develop the book as a series under its new banner Filters, a content vertical dedicated to young adults. The company said that part of the market in India is yet to be explored to its full potential. Also being developed under Filters is an adaptation of hit Israeli YA drama The Missing … [Read more...] about ‘Breathe’ Producer Abundantia Entertainment Acquires Indian YA Spy Novel ‘Along Came A Spyder’ For Series Adaptation
‘Walking Dead’ $300M Profits Trial Likely Won’t F*cking Include Frank Darabont’s Expletive-Laced Emails
A New York jury will not hear the profanity packed emails of original The Walking Dead showrunner Frank Darabont in the trial for the $300 million profits participation battle from the Shawshank Redemption director and CAA against AMC – at least for now. “The Court is not swayed by Defendants’ argument that, absent Mr. Darabont’s emails, jurors could speculate as to why Mr. Darabont got fired and infer that AMC fired Mr. Darabont to limit his compensation,” wrote NY Supreme Court Justice Joel Cohen in an order Tuesday. “However, if Plaintiffs were to expressly put at issue AMC’s motive for terminating Mr. Darabont, for example by alleging that AMC terminated Mr. Darabont as part of a scheme to deprive him of additional compensation, then the door may be open to such evidence,” he added. “That determination will be made at trial.” Related Story 'Walking Dead' Showrunner Angela Kang Talks Lauren Cohan Return, Season 10c Debut, Teases Final Season & … [Read more...] about ‘Walking Dead’ $300M Profits Trial Likely Won’t F*cking Include Frank Darabont’s Expletive-Laced Emails
Crypt TV & India’s Abundantia Finalize Cast & Roll Cameras On Hindi Horror ‘Chhori’
EXCLUSIVE: Crypt TV , the company founded by Jack Davis and Eli Roth and backed by Blumhouse, has rounded out the cast on its first Indian production, the Hindi horror Chhori , which it is producing with local outfit Abundantia Entertainment . Mita Vashisht, Rajesh Jais and Saurabh Goyal have all joined star Nushrratt Bharruccha in the pic, which is being directed by Vishal Furia and is a blend of horror and social drama, telling the story of age-old societal beliefs and practices that give rise to tales of terror. The project is a remake of Furia’s Marathi-language horror Lapachhapi . Cameras are now rolling in the central Indian state of Madhya Pradesh, with a few days to be shot later in Mumbai. Cast and crew attended a traditional muhurat puja ritual ahead of production getting underway. Mumbai-based producers Abundantia have implemented thorough COVID-19 safety protocols for the production, including usage of PPE, frequent sanitization, as well as … [Read more...] about Crypt TV & India’s Abundantia Finalize Cast & Roll Cameras On Hindi Horror ‘Chhori’
CAA “Greed” Is At True Heart Of New $10M ‘Walking Dead’ Suit Declares AMC – Update
(UPDATE with AMC statement) Over four years after former The Walking Dead showrunner Frank Darabont and CAA first took AMC to court in a more than $280 million profit participation action, the duo hit the cabler again today with a new $10 million suit. A suit that AMC is dismissing as being because of the avarice of the uber-agency. “Having recently completed its audit of AMC’s accounting records, it is now clear that AMC’s wrongful conduct extends well beyond artificially deflated license fees,” said the breach of contract and declaratory judgment-seeking complaint filed this morning in New York Supreme Court ( read it here ). “In addition to withholding hundreds of millions of dollars from the creators of the hit television series The Walking Dead through improper self-dealing, which is the subject of litigation between the parties currently pending in this court, AMC has used a variety of shady accounting practices, described below, to withhold tens of … [Read more...] about CAA “Greed” Is At True Heart Of New $10M ‘Walking Dead’ Suit Declares AMC – Update