Overture Films, Liberty Media's 3-year-old film unit, is hitting the pause button.
Even as its Philip Seymour Hoffman film "Jack Goes Boating" is about to set sail at the Sundance Film Festival this weekend, Overture has been sending out signals over the past week that it is temporarily putting on hold several projects that had been in active development.
Liberty/Starz is taking a close look at the company's operations. But while company insiders are describing it as forward-looking financial planning, agencies have been informed this past week of a 90-day hold on development.
Read more in the Hollywood Reporter.
