How Hollywood and Joe Biden Got China to Drop a 20-Year Movie Quota

February, 19, 2012 6:15 pm | On #china, CHris Dodd, Joe Biden, Movies, MPAA, quotas, trade, U.S., Xi Jinping

A deal to change China’s 20-year-old quota on U.S. films and low distribution fees came at the last moments of a visit by Chinese Vice President Xi Jinping and U.S. Vice President Joe Biden on Friday.

Spending the day with the Chinese leader in Los Angeles, Biden pressed for an end to a trade dispute that had remained unresolved for a year and had Hollywood deeply frustrated. 

“We’re really close,” Biden told Xi, according to an official who was present. “It would be great to get this done.”

Also read: ...

Read More

Jeff Zucker a Candidate to Run Yahoo?

February, 14, 2012 11:02 pm | On #CEO, chief executive, Jeff Zucker, Media, NBC-Universal, roy bostock, Scott Thompson, Yahoo

You might think it’s too much of a leap to consider Jeff Zucker – former CEO of NBCUniversal – as a potential CEO of Yahoo.  

But you'd be wrong.

And is it really such a bad idea?  

Zucker was nominated to the board of Yahoo on Tuesday in a filing by the company's most persistently activist shareholder, Dan Loeb. Along with Zucker, Loeb nominated himself and two others in a filing with the Securities and Exchange Commission.

Also read: Yahoo Shareholder Blasts Current Board, Nominates Jeff Zucker...

Read More

India's Reliance MediaWorks Stakes a Claim in Hollywood

February, 09, 2012 11:00 pm | On #anil arjun, DreamWorks, financing, Movies, Reliance, reliance mediaworks

India is coming to Hollywood, and planning to stay.

Anil Arjun

The India-based Reliance MediaWorks -- a division of the media giant Reliance Group that has funded DreamWorks -- is moving its headquarters to Los Angeles and looking to expand within the industry in production services.  

“The objective is not to be small, but to be a big, industrial-sized player,” said Reliance MediaWorks CEO Anil Arjun, in an interview with TheWrap. ‘We don’t want to position ourselves as a company driven out of India. We want to be based out of L.A. We’re a large, global entity.”

Having surged to $200...

Read More

George Clooney Lacked Confidence? How 'The Descendants' Helped Him Grow Up

February, 06, 2012 6:53 pm | On #Awards, David O. Russell, George Clooney, Oscars 2012, Sharon Waxman, The Descendants

George Clooney plays the kind of man he isn't in "The Descendants" -- ambivalent about life, uncertain about his role as father and husband, a passive link in a long Hawaiian chain. As lawyer and cuckold Matt King, he manages to convey both pathos and humor, often in a single scene. In an exclusive interview with TheWrap he spoke to me about that, and about growing up.

Shailene Woodley, George Clooney, Matthew Lillard, Nick Krause, Judy Greer, Robert Forster in The Descendants

In "The Descendants," you've gotten to that point where you're able to play a real guy who is sad and touching but also very funny.

You go through these steps as you get...

Read More

IMG Fallout: JPMorgan's Greg O'Hara Out After Ovitz Maneuver (Exclusive)

February, 01, 2012 3:36 pm | On #Cancer, Gregory O'Hara, IMG, James Lee, JPMorgan Chase, Media, takeover, Ted Forstmann

Gregory O’Hara, the head of JPMorgan Chase’s special investment group and once a rising star at the bank, is leaving, TheWrap has learned.

"He's going to do something different," said Joe Evangelisti, a spokesman for the bank.

O'Hara (pictured far left) had risen to be chief investment officer of the special investments group, but angered JPMorgan Vice Chairman James Lee (pictured far right) when he associated with Michael Ovitz to take over IMG, three individuals with knowledge of the situation told TheWrap. The deal was attemped as IMG CEO Teddy Forstmann lay dying of cancer. 

“Jimmy Lee took him out. IMG was the final straw,” said one of...

Read More

Laughing, Crying, the Sundance Elite Drinks to Bingham Ray

January, 23, 2012 7:30 pm | On #Bingham Ray, independent film indies, Movies, Sundance

It was a wake that indie veteran Bingham Ray could not have better organized himself.

Except that he did organize it.

In one of the strangely beautiful ironies of his sudden death on Monday, Ray’s planned celebration of the San Francisco Film Society turned into a collective mourning of his death and celebration of his life.

It was a necessary moment for a film community shell-shocked by the sudden loss of a friend, colleague and pillar of their world.

Also read: Bingham Ray Remembered: Film World Mourns Loss of a Pioneer

Ray was young, 57, and in a room filled with the...

Read More

Sunk! How Hollywood Lost the PR Battle Over SOPA

January, 18, 2012 3:19 pm | On #CHris Dodd, Media, Movies, MPAA, piracy, sopa

In the space of a couple of days, Hollywood and its content creators lost the public relations war over Internet piracy SOPA legislation -- which now appears poised to crumble into a million bits of dust.

Wow.

The messaging industry never had control of the message.

The tech guys found a simple, shareable idea -- the Stop Online Piracy Act is Censorship -- made it viral, and made it stick.

Hollywood had Chris Dodd and a press release. Silicon Valley had Facebook.

It shouldacoulda been a fair fight. But it wasn’t.

Also read: More Anti-Piracy Bill Co-Sponsors Bail

It seems...

Read More

Golden Globes in the Ballroom: Things I Learned by Attending

January, 16, 2012 4:35 pm | On #champagne, Golden Globes, Golden Globes 2012, Harvey Weinstein, Leonardo DiCaprio, Movies, tea sandwichesm Moet

I attended the Golden Globes last night for the first time, ever. Some of you may know that I have had... opinions about the Globes in the past. Now I have some new opinions, but haven't necessarily relinquished the old ones:

1. The red carpet is its own little planet, full of beautiful, famous people in a protective coating. While on Planet Red Carpet you can befriend anyone.

2. They serve dinner at 4:30. Nobody eats it.

3. At 4:59 p.m. the servers remove plates of untouched food and pristine dessert like mad dervishes in time for the live telecast at 5 p.m.

4. After the monologue, no one watches the show on the stage. Conversations on the floor are much more interesting.

5. Leonardo DiCaprio can smoke...

Read More

Out of Prison, West Memphis 3 Ex-Con Seeks Justice

January, 12, 2012 7:04 pm | On #Damien Echols, HBO, Jason Baldwin, joe berlinger, Movies, Paradise Lost 3

Rarely is the power of filmmaking so starkly evident as with the release last August of three innocent men convicted of the murders of three eight-year-old boys in 1993.

“Paradise Lost 3: Purgatory” is the third – count ‘em – in a series of documentaries starting in 1996 by Joe Berlinger and Bruce Sinofsky, backed by Sheila Nevins at HBO, to chronicle the injustices perpetrated by the Arkansas judicial system against the men who became known as the West Memphis Three.

The filmmakers refused to give up. HBO declined to move on. The public pressure and national scrutiny meant that this travesty -- a betrayal of the young murder victims and a horror story for the wrongly convicted -- would not be ignored.

Damian Echols, Jason Baldwin and Jesse Misskelley were freed in August after 18 years in prison under an obscure statute that...

Read More

A Game-Changer for Television? Sesame Street Will Be First Interactive Show

January, 10, 2012 10:27 pm | On #CES, CES 2012, interactive tv, Media, Microsoft, Sesame Street, Television, two-way tv

People keep asking me what exciting new products I’m finding at the Consumer Electronics Show in Las Vegas this week.

There’s a lot of stuff that’s impressive: tablets remain pretty big, and there are new improvements on mobile that make stuff quicker, lighter and snazzier.

But nothing I’ve seen here changes the paradigm – except this one.

The Kinect technology that was on display at Microsoft’s opening presentation on Monday night, introducing the first truly interactive television show, can be a game-changer for the content industry.

Microsoft has paired with the classic children’s show, Sesame Street, to create what they called the first “two-way” television experience.

It worked like this: a child watches the show, and is prompted by characters like Grover, Elmo and Cookie Monster...

Read More
Sign Up For First Take

Get Our Daily Email, and Receive Invitations to Our Screenings Series

Start your day with all of the news worth knowing

What's First Take?

Ear on the Oscars
Transformer Sound
Latest Posts

Description

Sharon Waxman's take on life on the left coast, high culture, low culture and the business of entertainment and media.

Follow me on Twitter @sharonwaxman and follow TheWrap @thewrap!

Sharon is also the author of two books, Rebels on the Back Lot and Loot.

Subscribe to Waxword
Most Popular