Source: Deadline.com

Julia Roberts is very close to signing a deal that will have her playing the Evil Queen in director Tarsem Singh's The Brothers Grimm: Snow White. The project is being housed at Relativity.

Universal has a rival Snow White project in the works with Viggo Mortensen and Kristen Stewart attached. It's all too common story in Hollywood for two studios to be rushing to profit off of a similar concept. See also Armageddon vs. Deep Impact and Antz vs. A Bug's Life.

Roberts will be seen later this year opposite Tom Hanks in Larry Crowne. Hanks also directed the film, which follows a middle-aged man as he goes back to college.

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Morristown, N.J. and Los Angeles, CA -- Cinedigm Digital Cinema Corp. (NASDAQ: CIDM), the global leader in the digital cinema industry, reported continued strong operational and financial performance in the fiscal third quarter and nine months ended December 31, 2010. Cinedigm also reported its first ever positive quarterly adjusted EBITDA from its non-deployment businesses, a key indicator of the success of the Company's strategy to provide a complete line of complementary business and technology products and services to its customers.

Revenues for the third quarter were $21.1 million, representing a 7.2% increase from the prior year third quarter revenues of $19.7 million and an 11.6% increase from the sequential second quarter of fiscal 2011.
The Company posted Adjusted EBITDA[1](defined below) of $12.9 million, increasing 19.4% from $10.8 million in the prior year's third quarter, and 24.4% sequentially from the fiscal 2011 second quarter. The net loss in the third quarter of ($4.2) million, or ($0.13) per share, represents a 35.5% improvement compared to the net loss of ($6.5) million, or ($0.23) per share, in the third quarter one year ago, and a dramatic improvement over the net loss of ($10.9) million or ($0.36) per share in the sequential second quarter of 2011.

For the first nine months of fiscal 2011, revenues increased 11.1% to $59.3 million, as compared to $53.4 million for the same period one year earlier. Adjusted EBITDA (defined below) for the year to date was $33.8 million, which is a 15.6% increase from the $29.2 million reported one year earlier. The net loss for the first nine months of the fiscal year was ($22.3) million or ($0.73) per share, which compares to a net loss of ($14.8) million or ($0.52) per share for the first nine months of the prior year. The net loss for the nine months ended December 31, 2010 included losses related to various non-cash items and discontinued operations of ($6.3) million, as compared to a net gain of $10.1 million in the prior year primarily related to a non-recurring gain on the extinguishment of note payable.

Chris McGurk, Chairman and Chief Executive Officer of Cinedigm, commented, "We are extremely pleased with the favorable third quarter operational and financial performance at Cinedigm. The 604 Phase II digital system deployments in the third quarter and the 614 screens signed to Master License Agreements (MLA) in the third quarter and through today reflect our continued outstanding progress. Cinedigm has now deployed 1,402 digital systems to date in fiscal 2011 through its Phase II program, bringing our total number of deployed Phase II systems to 1,713 to date," Mr. McGurk continued. "Moreover, we have reached 2,983 total Phase 2 screens under MLAs and continue to aggressively work with the several thousand screens in our pipeline, indicating that outstanding growth in deployments will continue during the remaining 20 months of our deployment program."

Cinedigm reported Adjusted EBITDA from its non-deployment businesses (excluding the Phase 1 and Phase 2 deployment segments) of $361,000 in the third quarter, as compared to ($1.3) million in the prior year period. For the first nine months of fiscal 2011, adjusted EBITDA from non-deployment businesses was ($287,000), representing a substantial improvement over the ($4.3) million one year earlier.

Adam M. Mizel, CFO and Chief Strategy Officer, added, "I am encouraged and excited by the operational progress of our non-deployment businesses. The third quarter marked the first positive Adjusted EBITDA quarter for the non-deployment businesses in Cinedigm's history, and we expect this to continue in the future. As we have consistently noted, each one thousand screens we deploy will add $2.0-$2.5 million of non-deployment EBITDA in the first twelve months through service fees, software license and maintenance fees, and delivery fees."

"In addition, we are expanding our software business with a recently completed multi-year international software license and maintenance transaction in India as well as several new international pilots underway. These new opportunities are a validation of our strategy to leverage our proven digital cinema platform and will further accelerate our growth," Mr. Mizel noted.

"Finally, we are making significant progress in our content businesses," Mr. McGurk concluded. "Our recently completed Mount St. Elias action movie release in partnership with Red Bull, the YuGiOh 3D release we are supporting with 4Kids Entertainment and the Memento re-release with Exclusive Media are all examples of the powerful marketing and programming opportunities that exist for content distribution on our platform supported by global brands. We expect to seek other similar partnerships in the future as our project pipeline and distribution platform continue to expand. Since joining Cinedigm one month ago, I have been pleased by the breadth and seriousness of our content distribution discussions as well as the keen interest of the entertainment community in our expanding digital platform. Our solid financial results, the continued acceleration of our deployment program, and our growing new business pipeline will provide a strong foundation for material progress in all business lines in the weeks and months ahead."

 

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Source: Deadline New York

Date Night director Shawn Levy has joined 20th Century Fox's production of Fantastic Voyage, a remake of the 1966 original which will be produced by 3D maven and frequent Fox collaborator James Cameron. Laeta Kalogridis, who previously wrote screenplays for Alexander and Shutter Island, is reportedly providing a polish on Armageddon and Shaft screenwriter Shane Salerno's script, and the film is Levy's next project after he completes another Fox project, the robot-boxing action film Real Steel.

Levy has made a concerted effort in the last few years to move from his early hits Cheaper By the Dozen and What Happens in Vegas to comparatively more substantial fare. Date Night was a minor hit, but he has pinned his hopes for critical credibility on Real Steel, and working with Cameron can only improve his current pedigree as a purveyor of featherweight mainstream entertainment.

 

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tangled.pngTangled was able to tack on another $23.7 million internationally this weekend in 50 territories representing a little more than 85% of the international market. The animated flick now stands at $285.1 million abroad. Worldwide, Tangled has grossed $477.2 million.

Other grosses:

The Green Hornet: $16.7 million from 5,740 locations in 73 markets. International total: $83.8 million. Worldwide total: $171 million.

Black Swan: $12.8 million from 1,913 locations in 28 markets. International total: $48 million. Worldwide Total: $144 million.

Gulliver's Travels: $10.4 million from 2,756 locations in 34 markets. International total: $140 million. Worldwide Total: $181.6 million.

Yogi Bear: $9.2 million from from 3,800 screens in 35 territories. International total: $47.1 million. Worldwide total: $142.1 million.

Hereafter: $5.4 million from 2,000 locations in 33 territories. International cume: $50.3 million.

TRON: Legacy: $5.3 million from 53 territories representing approximately 93% of the international market. International total: $203.7 million. Worldwide Total: $372.4 million.

Love and Other Drugs: $3.4 million from 2,256 locations in 40 markets. International total: $58.7 million. Worldwide total: $91 million.

Sanctum: $3.1 million from 561 locations. International total: $3.1 million. Worldwide total: $12.3 million.

 

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LOS ANGELES, Calif. -- DreamWorks Animation's "How To Train Your Dragon" won top honors as the Best Animated Feature at the 38th Annual Annie Awards on Saturday, February 5 at UCLA's Royce Hall. Best Animated Short Subject was presented to Pixar's ‘Day & Night'; Best Animated Television Commercial to Duck Studios ‘Children's Medical Center'; Nickelodeon's ‘SpongeBob SquarePants' was honored as Best Animated Television Production for Children and Playdead's ‘Limbo' won Best Animated Video Game. A new category, Character Animation in a Live Action Production was presented to Sony Pictures' ‘Alice in Wonderland.' A complete list of the 38th Annual Annie Award winners can be viewed at www.annieawards.org. The Annie Awards ceremony will also be web cast on the Annies website later this month.

Host Tom Kenny was joined on stage by a lively mix of animation luminaries, celebrity presenters and comedic talent including animation legend June Foray, Matt Groening, James Hong, Danica McKellar, Kevin Michael Richardson, Mike Henry, Candi Milo, Bob Bergen, Jay Baruchel, Guillermo Del Toro, Bill Plympton, Billy West, Nika Futterman, Brian Regan, Corey Burton, Jeremy Shada, Olivia Olson, Jim Cummings, John DiMaggio and Eric Goldberg. The Winsor McCay award was presented to three animation industry leaders - Brad Bird, Eric Goldberg and Matt Groening. Brad Bird is currently filming in Vancouver and accepted his Winsor via a videotaped message.

"ASIFA-Hollywood congratulates all of its Annie Award winners, " said ASIFA-Hollywood President Antran Manoogian. "The recognition that each award recipient received was certainly well-deserved."

Often a predictor of the annual Academy Award for Best Animated Feature, the Annie Awards honor overall excellence as well as individual achievement in a total of 25 categories ranging from best feature, production design, character animation, and effects animation to storyboarding, video games, writing, music and voice acting. Entries submitted for consideration were from productions that originally aired, were exhibited in an animation festival or commercially released between January 1, 2010 and December 31, 2010.

Founded in 1972 by ASIFA member and veteran voice talent June Foray, the Annie Awards have grown in scope and stature for the past three decades. Today, ASIFA-Hollywood is the largest of an international network of chapters and supports a range of animation initiatives through its membership. Current projects include an animation archive, library and museum, classes and screenings, and animated film preservation efforts.

 

 

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