tagged w/ United Artists
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New York City's hot spot, The Ace Hotel, is going Hollywood. According to The Hollywood Reporter, the hip hotel chain has purchased the former United Artist Building in downtown Los Angeles. The building is a historic landmark that was built by Charlie Chaplin, Douglas Fairbanks, Mary Pickford and D.W. Griffith.
Above the theater were thirteen floors which was office space and that will be turned into hotel rooms. The somewhat plain outside hides the unbelievable grandeur of inside. Sources told The Hollywood Reporter that Ace intends 'to make a fully renovated and reactivated theater the showpiece of the hotel.'
http://tinyurl.com/75os9pmNew York City's hot spot, The Ace Hotel, is going Hollywood. According to The... more
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LOrion
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added this
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5 months ago
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The MGM lion, a star of cinema since the 1920s, may be looking for a new home amid rumours that the studio is to be sold off in the Hollywood equivalent of a fire sale. Reportedly saddled with debts totalling $3.7bn (£2.2bn), the company looks likely to sell its MGM and United Artists libraries to the highest bidder in the next few weeks.
From The Guardian
http://www.guardian.co.uk/film/2009/nov/12/mgm-studio-auctionThe MGM lion, a star of cinema since the 1920s, may be looking for a new home amid... more
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pcs007
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added this
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2 years ago
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NEW YORK (Hollywood Reporter) - The film-finance world may not feel an immediate pinch from the Chapter 11 bankruptcy filing by Lehman Bros. and the planned sale of Merrill Lynch by Bank of America -- but longer term, there may be an ouch.
"A financial market that's in a meltdown is not good for the industry in so many ways," is how film-finance attorney John Burke put it Monday.
Admittedly, the studios and startups that have made use of funds from institutions like Merrill Lynch have locked in money and interest rates for the near-term. Summit Entertainment and Marvel Studios, both of which have credit facilities with Merrill, for example, have their rates already set.
But some companies could see their future clouded as the Merrill sale goes through.
MGM's United Artists division, which has a $500 million production facility with Merrill, has only one movie on the immediate horizon -- the Tom Cruise vehicle "Valkyrie" -- and could find itself facing tough questions from new Merrill owners Bank of America.
In the most dramatic scenario, that could lead to the facility being pulled.
While Bank of America is seen as a solid institution with its own history of film investment, at least one rival executive said Monday that an exit from the UA deal is a distinct possibility.NEW YORK (Hollywood Reporter) - The film-finance world may not feel an immediate pinch... more
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Tom Cruise and Paula Wagner are reportedly on the outs. This won't be good for his career. Read my article to get the full story on the break-up.
Thanks!
GreenScreenCinemaTom Cruise and Paula Wagner are reportedly on the outs. This won't be good for... more
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Because everyone wanted the sequel "Lions For Lambs 2: Electric Boogaloo," United Artists, the film company backed by actor Tom Cruise and Metro-Goldwyn-Mayer Inc, said on Monday it has reached a deal enabling striking Hollywood screenwriters to work on the company's films.Because everyone wanted the sequel "Lions For Lambs 2: Electric Boogaloo,"... more
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