Paramount Moves ‘Limited Partners’ To 2020 & Dates ‘The Tiger’s Apprentice’ Toon

Read on: Deadline.

Paramount has moved the release of its Tiffany Haddish-Rose Byrne buddy comedy Limited Partners back by six months to January 10 and dated its literary-adaptation toon The Tiger’s Apprentice for 2020.
Limited Partners, which the studio acquired a…

Paramount’s ‘Wonder Park’ Rides to $700,000 at Thursday Box Office

Read on: TheWrapTheWrap.

“Wonder Park,” an animated family film from Paramount Animation and Nickelodeon Movies, earned $700,000 in its Thursday box office previews from 2,620 screens. It opens on approximately 3,800 screens this weekend.

Paramount is looking at an opening weekend between $10-$14 million for the children’s fantasy tale, but it is of course contending with “Captain Marvel” in what is expected to be an especially strong second weekend for the Marvel superhero film. “Wonder Park” is tracking similarly to Paramount’s “Sherlock Gnomes,” which opened in March last year to just $10.6 million on a $59 million budget.

“Captain Marvel” meanwhile grossed an additional $9.1 million domestically on Thursday, bringing its domestic total to $196.8 million. It also made an additional $16.1 million internationally on Thursday, bringing its overall global total to $575.5 million.

Also Read: ‘Wonder Park’ Film Review: Original Animated Film Thrillingly Celebrates Youthful Imagination

“Wonder Park” tells the story of a magnificent amusement park where the imagination of a wildly creative girl named June comes alive. One magical day, June is running through the woods to find her way home where she discovers an old rollercoaster car and climbs inside. She suddenly finds herself in Wonderland, an amusement park she had created in her mind and put aside. All of her rides and characters are brought to life but are falling into disarray without her. Now, with the help of her fun and lovable park characters, June will have to put the wonder back in Wonderland before it is lost forever.

Jennifer Garner leads a voice cast that also includes Matthew Broderick, John Oliver, Mila Kunis, Kenan Thompson, Ken Jeong, Norbert Leo Butz, Brianna Denski and Ken Hudson Campbell. Josh Appelbaum and André Nemec wrote the screenplay.

Also opening this weekend are “Five Feet Apart” from Lionsgate, starring Haley Lu Richardson and Cole Sprouse, and “Captive State” from director Rupert Wyatt via Focus Features.

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Paramount Wins Bidding Battle For Kay Oyegun Comedy Spec ‘Assisted Living’ As ‘King Richard’ Still Volleying

Read on: Deadline.

EXCLUSIVE: There were two big movie spec properties in play this week, and one of them is now spoken for.
In a high six against seven figure deal, Paramount Pictures tonight won Assisted Living, a script by Kay Oyegun that had Sony, Endeavor Content an…

UK Grime Artist Rapman To Direct ‘Blue Story’ For Paramount & BBC Films

Read on: Deadline.

UK artist/director Rapman, a.k.a Andrew Onwubolu, is set to direct Blue Story, a feature film which he also wrote based on his short video trilogy of the same name. Paramount Pictures acquired the worldwide distribution rights and is aiming to release …

‘Amazing Spider-Man’s Marc Webb To Direct ‘Your Name’ Remake For Toho, Paramount, Bad Robot

Read on: Deadline.

EXCLUSIVE: Toho, Paramount and Bad Robot have set Marc Webb to direct Your Name, a reimagined version of the 2016 animated romantic fantasy drama film that became a classic in Japan. Webb followed (500) Days 0f Summer with the blockbuster reboot The Am…

Eddie Murphy’s ‘Coming to America’ Sequel Gets 2020 Release Date

Read on: TheWrapTheWrap.

Eddie Murphy’s untitled “Coming to America” sequel will hit theaters on August 7, 2020, Paramount Pictures announced Monday.

Craig Brewer will direct the “Coming to America” sequel, while “Black-ish” creator Kenya Barris will rewrite the script. A sequel to the 1988 film starring Eddie Murphy has long been discussed, but Paramount made it official last year when the studio hired Barry Blaustein and David Sheffield, who wrote the screenplay for the original film, to write the sequel. Jonathan Levine was previously attached to direct.

Murphy is expected to return for the follow-up, although no formal deal is in place yet. Kevin Misher will produce alongside Murphy, while Barris will executive produce.

Also Read: ‘Coming to America’ Sequel: Jonathan Levine and Kenya Barris Team Up to Direct, Write

The original film was directed by John Landis and follows Prince Akeem (Murphy), who travels from Africa to Queens to escape an arranged marriage and find a wife who would love him, in spite of his royal title. Arsenio Hall, James Earl Jones, Shari Headley and John Amos also starred, with Hall playing his loyal right hand.

So far, August 7, 2020 is home to a still untitled WB Event film. No other project has been announced for that date yet.

Murphy will next star in “Dolemite Is My Name” which is currently in post-production. He is also in pre-production for “Triplets.”

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Viacom Reports Mixed Q1 Results, Missing Wall Street Revenue Forecast

Read on: Deadline.

Viacom reported mixed results for its fiscal first quarter, with total revenue falling short of Wall Street forecasts due to declines in advertising in its media networks unit.
Earnings per share of 79 cents came in below analysts’ expectation fo…

Paramount Dates ‘Crawl’ & ‘Playing With Fire’, Moves ‘Loud House’ Off Schedule

Read on: Deadline.

Paramount Pictures has set release dates for horror pic Crawl and Paramount Players drama Playing with Fire and pulled from its schedule the TV toon adaptation of The Loud House, which had been set for February 2020.
Directed by Alexandre Aja with prod…

SAG Awards Nominations by the Numbers: Netflix Is Back on Top

Read on: TheWrapTheWrap.

The nominations are in for the 25th annual SAG Awards, and Netflix has reclaimed its throne with 15 total nods — that’s almost twice as many than the next leading TV platform.
For film studios, Fox Searchlight and Warner Bros. led the way &…

Robert Schwentke to Direct ‘Snake Eyes’ For Paramount and AllSpark

Read on: TheWrapTheWrap.

Robert Schwentke, the director of “RED” and “R.I.P.D.,” is set to direct “Snake Eyes,” based on the G.I. Joe universe, for Paramount and Allspark Pictures, individuals with knowledge of the project tell TheWrap.

The third “G.I. Joe’ film in the franchise, based on the world’s most famous toy, will be a spinoff film based upon fan favorite character Snake Eyes. Paramount’s untitled “GI Joe” Snake Eyes spinoff film will open on March 27, 2020.

“Beauty and The Beast” screenwriter Evan Spiliotopoulos wrote the first draft of the screenplay. The story centers on the character’s origins where he tries to become a member of the Arashikage Clan, a ninja clan based in Japan. According to “G.I. Joe vs. Cobra: The Essential Guide,” the Arashikage worked as shadowy assassins for generations, using deception to earn their keep as ninjas, as well as developing a reputation for being able to perform impossible tasks.

Also Read: Evan Spiliotopoulos Tapped to Write ‘GI Joe’ for Paramount and AllSpark

In the spring of 2016, Paramount Pictures and Hasbro set up a writers room for developing its cinematic universe for Hasbro properties, with Akiva Goldsman overseeing the screenwriters. Along with “GI  Joe” other featured brands include “Micronauts,” “Visionaries,” “M.A.S.K.” (Mobile Armored Strike Kommand) and “ROM.”

“G.I. Joe: The Rise of Cobra” grossed more than $300 million worldwide back in 2009 on a reported production budget of $175 million, not including prints and advertising. The 2013 sequel “G.I. Joe: Retaliation” starring The Rock as Road Block grossed $375.7 million on a budget of $155 million. Channing Tatum who played Duke in the first two films was killed off early in “Retaliation” after complaining to Howard Stern how much he hated the role.

According to Variety, Allspark Pictures, Hasbro’s film label, plans to produce films based on this cross-property universe, with chairman, president and CEO Brian Goldner and Stephen Davis serving as producers, and Josh Feldman as co-executive producer. Hasbro will also deploy an unprecedented team of its top artists and designers to assist Goldsman and the writers to visualize this all-new cinematic universe.

The toy company hired Greg Mooradian as president of Allspark Pictures, with responsibility for live action film and television. Allspark Animation, the company’s label for animated film and television content, is led by Hasbro’s Meghan McCarthy.

Hasbro Studios, its distribution arm which the company founded in 2009, distributes TV and digital content to more than 190 territories globally. The entertainment division reports to Hasbro’s Chief Content Officer, Stephen Davis.

Schwentke is repped by WME, LBI Entertainment, and attorney Karl Austen at Jackoway Tyerman Wertheimer.

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‘Mission: Impossible – Fallout’ Leads Viacom to Q4 Earnings, Revenue Beats

Read on: TheWrapTheWrap.

Viacom rode Ethan Hunt (Tom Cruise) and his IMF team to a better-than-expected fourth quarter in terms of both earnings per share and revenue.

The Paramount Pictures parent company unveiled its fourth-quarter and full fiscal year 2018 financials Friday morning, reporting 99 cents of earnings per share (EPS) on $3.485 in revenue. Wall Street had forecast EPS of 95 cents on $3.37 billion in revenue, according to a consensus estimate of 25 media analysts compiled by Yahoo Finance.

That all-in revenue figure was 5 percent better than Q4 2017 and the earnings per share is 29 percent higher. For the full fiscal year, revenues declined 2 percent, but EPS rose 9 percent. Without the benefit of glorious adjustments, that profit instead drops 43 percent.

Also Read: ‘MTV’s The Real World’ Reboot to Premiere in 2019 on Facebook Watch

Paramount’s worldwide box office hauled in 3x what it did in the comparable quarter last year, thanks mostly to “Mission: Impossible – Fallout.” John Krasinski’s very profitable “A Quiet Place” also contributed, as did “Book Club,” which was a cheap acquisition.

Paramount also pitched in on TV, delivering “Maniac” to Netflix in the quarter. In return, Viacom enjoyed higher licensing revenues.

Viacom’s media networks didn’t do as hot, but there were some linear-TV highlights, like Season 2 of “Jersey Shore: Family Vacation” on MTV. Millennials gobbled that up.

MTV has been making headlines lately with its push into live events. It’s also shooting for nostalgia, bringing back “MTV Spring Break,” sharing “The Real World” with Facebook Watch, reviving “The Hills,” and rebooting “Undressed.”

Also Read: MTV Is Bringing Back ‘Spring Break’ Next Year

“Our strong performance in the fourth quarter capped off a pivotal year for Viacom. We successfully turned around our core business, with dramatic improvements across our networks, at Paramount and in distribution,” Viacom President and CEO Bob Bakish said in a statement accompanying the financials. “We also took important steps to evolve Viacom for the future – investing in our portfolio of advanced marketing solutions, digital and experiential offerings and global studio production business. As we head into 2019, we are excited about the company’s evolution and expect to return to topline growth.”

Bakish and other Viacom executives will host a conference call at 8:30 a.m. ET to discuss the quarter and fiscal year in greater detail.

Shares of VIAB stock closed Thursday afternoon at $31.83, up 4 cents. The U.S. stock markets reopen at 9:30 a.m. ET today.

In pre-market trading, VIAB shares are currently trading up more than 5 percent.

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‘The Lego Batman Movie’ Director Chris McKay to Direct ‘Jonny Quest’ for Warner Bros (Exclusive)

Read on: TheWrapTheWrap.

“The Lego Batman Movie” director Chris McKay will direct “Jonny Quest” for Warner Bros., individuals with knowledge of the project exclusively tell TheWrap.

Rideback’s Dan Lin and Jonathan Eirich along with Adrian Askarieh of Prime Universe are producing the action-adventure movie. Daniel Alter will executive produce.

The film will be based on the popular Hanna-Barbera primetime animated series created by Doug Wildey in the mid-1960s. The story centers on the adventurous boy hero Jonny Quest who travels with his scientist father, his adopted brother Hadji, and their former secret agent bodyguard, Race Bannon, around the world to solve world-threatening mysteries. An individual with knowledge with of the project also tells TheWrap that a major movie star is being eyed to play Race Bannon.

Also Read: Chris McKay in Talks to Direct Batman Spinoff ‘Nightwing’ for Warner Bros

Jonny Quest has been one of last remaining biggest pop culture brands that hasn’t had a feature films franchise. In addition to the feature film, DC Comics recent reboot of “Future Quest” has been a sell-out success and Warner Archives will release the entire Jonny Quest animated collection on Blu-ray for the first time by 2020.

Robert Rodriguez was previously attached to direct. Terry Rossio and Dan Mazeau wrote previous drafts of the screenplay.

McKay is also attached to direct the live-action “Nightwing” for the studio based on the DC character Dick Grayson. Next up, McKay will direct “Dungeons & Dragons” for Paramount Pictures.

McKay is repped by UTA and Rise Management.

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