SANTA MONICA, Calif. -- Miramax today announced that Michael Lang has been appointed chief executive officer, effective immediately. Lang will be based at the new Miramax headquarters in Santa Monica and will oversee the renowned Miramax film library, which was acquired by Filmyard Holdings on December 3, 2010.
"I have known and worked closely with Mike for almost 20 years and have always respected his talents," said Richard Nanula, chairman of Miramax and a principal at Colony Capital. "We are confident that he is the right person to lead Miramax in its next phase of growth."
"I have always admired the Miramax library, which includes many respected titles and award-winning films," said Lang. "Based on the quality of these assets, I believe bringing new life to this library -- by working with traditional and new partners - will be an exciting and unprecedented story of growth and innovation. I am honored by this opportunity, and I look forward to working with my partners as we build a new kind of media company."
Lang, 45, most recently served as a consultant to Filmyard in its acquisition of Miramax. Prior to that, he was EVP, Business Development and Strategy at Fox Entertainment, responsible for strategic initiatives across News Corp's entertainment assets, including Fox's film studio, broadcast network, sports and cable channels. Lang played key roles in the acquisition of MySpace and the formation of the MySpace Music joint venture, and he led the creation of Hulu, with major broadcast partners. In addition, Lang was involved in Fox's mobile, digital and video game initiatives. He joined Fox in 2004.
Prior to Fox, Lang served as a consultant on media-related investments. In the late '90s, he was a founding executive of Z.com. Lang began his career at The Walt Disney Company in Strategic Planning. Lang earned his MBA with high distinction at Harvard Business School and he holds a Bachelor of Arts degree from Claremont McKenna College.
CINEASIA, Hong Kong -- GDC Technology ("GDC"), a world leading digital cinema solution provider, is pleased to announce today the signing of a digital cinema server contract with Shandong Luxin Cinema ("Luxin Cinema"), adding a new member to its ever expanding customer base in China. Installation has begun in September and it is expected to be completed by 2011, involving a total of 120 units of GDC SX-2001A digital cinema server. Luxin Cinema has opted to use exclusively GDC servers for its digital conversion and new builds.
Luxin Cinema was founded in Jinan, Shandong Province on June 1, 2007; and subsequently, on September 1 the same year, its first modern cinema in Shandong - The Provincial Sport Center Cinema, was opened for business. Luxin Cinema has since swiftly emerged as a premier cinema chain operator across China, committed to offering moviegoers the best cinematic experience in the comforts of a modern cinema equipped with the latest digital cinema technology. Luxin Cinema's current business strategy is to identify key locations within the Shandong province and progressively build up its network of cinemas within the province, with the ultimate goal of becoming the leading cinema chain in Shandong. Luxin Cinema has also started work to build cinema complexes in Beijing, Chengdu, Xian, as well as Tianjin, and aims to build itself up as a well known national brand of strong Shandong cultural heritage and influence. It is expected that by 2015, Luxin Cinema will have around 70 multiplexes nationwide.
"This is the first time we venture into digital conversion for our entire chain of cinemas. After carrying out rigorous tests on similar products in the market, we found that GDC's digital cinema server really stands out in its quality, performance, and user friendliness. We are convinced that GDC server is what we have been looking for, a quality product incorporating the best digital cinema technology," said Mr. Liu Wenjun, CTO of Luxin Cinema. "With its superior technological edge and vast experience in digital cinema, GDC is a clear leader in the market and a well trusted brand. We believe GDC is our best working partner to map out our digital strategy and ultimately help Luxin Cinema realize its goal to become a Shandong-based nationwide premier cinema circuit."
"GDC is delighted to win Luxin Cinema's exclusive contract," said Dr Man-Nang Chong, founder and CEO of GDC Technology. "GDC's hard work and dedication to providing quality products and services have begun to pay off in the growing digital cinema market. We continue to strive for better services and more advance digital cinema technology for our growing list of customers."
Even though it will be playing at less than 100 locations this coming weekend, Black Swan is responsible for an impressive 11% of daily sales as of 4 p.m. PT on Fandango.com.
Black Swan should have no problem cracking into the top 10 this weekend. Boxoffice.com is currently predicting $3 million during its sophomore frame.
The latest effort from director Darren Aronofsky set a location average record for Fox Searchlight last weekend by raking in $1.4 million from 18 locations—$80,212 per engagement. That's quite impressive considering that Fox Searchlight has released Slumdog Millionaire, Juno and whole slew of successful arthouse flicks.
The official release:
LOS ANGELES - The Classification and Rating Appeals Board today overturned the NC-17 rating given to the movie Blue Valentine. The Classification and Rating Administration (CARA) had assigned the movie the NC-17 rating for "a scene of explicit sexual content." The film is now rated R, on appeal, for "strong graphic sexual content, language, and a beating."
In the appeal brought by the Weinstein Company, the Appeals Board heard statements on behalf of Blue Valentine from Harvey Weinstein, Co-Chairman of the Weinstein Company, and Alan Friedman, Counsel to the Weinstein Company. The Classification and Rating Administration was represented by Chairman Joan Graves.