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David Poland

By David Poland poland@moviecitynews.com

Deals Getting Done

Miramax – Yawn.
After all the hype about this sale, I expect it to be one of the least significant events of the year. Apparently, Miramax will still roll out its last few films.
The story here will become interesting when the library is sold again.
MGM – Not so yawn.
Basically, the MGM creditors made their big move by deciding not to keep trying for a merger.
I expect the Lionsgate deal to get done in the next week for all the reasons I have previously mentioned… it’s too good a deal to not take and Lionsgate is probably in the best position to handle the big MGM-related product that they will now be funding. The opportunity is clear enough for Icahn to want it to happen. The only potential problem could come from Summit trying to outbid Lionsgate.
Essentially, look for Lionsgate (or whomever) to take on none of the MGM obligations, to commit about $700 million to The Hobbit, Bond, P&A for Bond, and a production fund of about $200 million for other films. Heck, they may even let Mary Parent hang around to shepherd the near-ready-to-go projects to “go.”
In any case, for the public, the only significance of this deal will be the greenlights on Hobbit and Bond.
Sadly for the MGM creditors, there won’t be a significant recovery on the library and that will remain by far the most significant asset of MGM, before and after this deal.
It will be fun to see Icahn get crazy when the boys at Lionsgate spend $100k to put their logo on top of that building in Century City though.

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It shows how out of it I was in trying to be in it, acknowledging that I was out of it to myself, and then thinking, “Okay, how do I stop being out of it? Well, I get some legitimate illogical narrative ideas” — some novel, you know?

So I decided on three writers that I might be able to option their material and get some producer, or myself as producer, and then get some writer to do a screenplay on it, and maybe make a movie.

And so the three projects were “Do Androids Dream of Electric Sheep,” “Naked Lunch” and a collection of Bukowski. Which, in 1975, forget it — I mean, that was nuts. Hollywood would not touch any of that, but I was looking for something commercial, and I thought that all of these things were coming.

There would be no Blade Runner if there was no Ray Bradbury. I couldn’t find Philip K. Dick. His agent didn’t even know where he was. And so I gave up.

I was walking down the street and I ran into Bradbury — he directed a play that I was going to do as an actor, so we know each other, but he yelled “hi” — and I’d forgot who he was.

So at my girlfriend Barbara Hershey’s urging — I was with her at that moment — she said, “Talk to him! That guy really wants to talk to you,” and I said “No, fuck him,” and keep walking.

But then I did, and then I realized who it was, and I thought, “Wait, he’s in that realm, maybe he knows Philip K. Dick.” I said, “You know a guy named—” “Yeah, sure — you want his phone number?”

My friend paid my rent for a year while I wrote, because it turned out we couldn’t get a writer. My friends kept on me about, well, if you can’t get a writer, then you write.”
~ Hampton Fancher

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~ David Simon