Image: Lord of the Rings
Warner Bros. Discovery is ready for second breakfast. Last Thursday, CEO David Zaslav announced on an earnings call that WBD and production studio New Line had signed a deal to make āmultipleā new Lord of the Rings films.
Which is⦠interesting, given Amazonās recent all-in commitment to the LOTR franchise with The Rings of Power, the streamerās most expensive and most viewed series. And much like Gandalf and Sauron, WBD and Amazon arenāt exactly besties.
š§āāļøš Whatās going on?... In 2001, a human from the race of Men named Peter Jackson dared to do the impossible by adapting J.R.R. Tolkienās books into the $3 billion trilogy of The Fellowship of the Ring, The Two Towers, and The Return of the King. The final film of the series won all 11 Oscars it was nominated for, including Best Picture and Best Director.
Hereās where it gets interesting. J.R.R. Tolkienās estate had nothing to do with Jacksonās films. In fact, it was actively against them, with J.R.R.ās son Christopher saying they āevisceratedā his fatherās books, ā[reducing] the aesthetic and philosophical impact⦠to nothing.ā
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šæ After exceeding industry expectations with a $23.1 million opening this past weekend, the biggest start for an R-rated film this year, Cocaine Bear has a lot of people asking, āWait, what?ā
āļøšæ On Friday, Warner Bros. filed a lawsuit seeking $200M+ in damages from Paramount Global and the production company run by South Park creators Matt Stone and Trey Parker. The accusation? Violating a 2019 streaming agreement.
āļø Yesterday, Ozy Media founder and CEO Carlos Watson ā aka the Wizard of Ozy ā was arrested over allegations that he schemed to defraud investors out of ~$50M by misrepresenting the company's debts, financial performance, and audience size ā
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