🎬 $163M Content Fund πŸ’°

Hey gang, Cinemagnetic here! Just like the surprise extra dip on a plate of nachos, we're here to add that unexpected delight to your day.

Let's munch:

  • Fremantle and IBI's $163M Content Fund πŸ’°

  • Taylor Swift Shakes Up the Industry 🎀

  • 'Ferrari' Premieres with 7-Minute Ovation 🚘

  • Diller's Bold Media Advice πŸ—£οΈ

Daily US Box Office: August 30, 2023 πŸ’Έ

Fremantle and IBI's $163M Content Fund πŸ’°

Fremantle, the powerhouse behind your favorite shows, has teamed up with IBI Investment House from Israel. Their mission? To launch a massive 150 million euro ($163 million) fund for financing some seriously premium TV and film projects.

What's the deal? Well, for the next four years, Fremantle is going to be the talent scout, bringing in a bunch of exciting projects from their studio network to this fund. And that's not all – they're throwing in their global drama team, led by CEO Christian Vesper, to give these projects some expert guidance. Oh, and if you're wondering where you'll see these TV projects, it's Fremantle International to the rescue for distribution.

Jennifer Mullin, the big boss at Fremantle, is over the moon about this partnership. She's all about innovation, and this collaboration with IBI is a prime example of that.

But wait, there's more! They've already lined up three exciting projects to kick things off: "Maria," featuring Angelina Jolie as the iconic opera singer Maria Callas, "Shelter," a revenge drama, and "Generation Loss," a mystery thriller based on a best-selling book series.

This is a golden opportunity for investors to get in on international productions with top-tier talent, as per Dave Lubetzky, CEO of IBI Investment House. It's a game-changer in the entertainment industry!

What's coming? πŸ€”

Goldfish (2023)

With help from a neighborhood and a past she has shunned, a young woman returns home to deal with her mother's dementia and the scars of her childhood.

When? September 1st, 2023

Where to watch? Selected Theatres

Taylor Swift Shakes Up the Industry 🎀

So, Taylor Swift dropped a bombshell with "Taylor Swift: The Eras Tour" hitting theaters on October 13. It's expected to be a huge hit, and guess what? AMC's handling the distribution. But here's the kicker – nobody else in the industry saw this coming. Studios and distributors usually give each other a heads-up about wide releases, but this time, it's like everyone was left out of the loop, and they're not happy about it.

Here's another twist: those ticket prices are set in stone. Adults pay $19.89, and kids are charged $13.13. That's not how things usually work, where prices change based on stuff like showtimes and locations.

All this commotion is causing ticket websites to go nuts, and it might mess up other movie releases, like "The Equalizer 3," which is coming out soon. Plus, it's a message from exhibitors during the SAG and WGA strikes – they're saying, "We don't need studios to find content."

Oh, and this is also making folks wonder if concerts and similar events should even be counted in box office stats. Long story short, Taylor Swift just shook up the whole industry with this move!

Famous Birthdays on September 1st πŸŽ‚

Zendaya - 1996 / 27

Lily Tomlin - 1939 / 84

'Ferrari' Premieres with 7-Minute Ovation 🚘

Michael Mann's film "Ferrari" had its world premiere, and it was such a hit that it got a standing ovation that lasted a whopping 7 and a half minutes.

This movie, competing at the Venice Film Festival, stars some big names like Adam Driver, Patrick Dempsey, and Daniela Piperno. They all strutted their stuff on the red carpet and inside the Palazzo del Cinema for the big premiere.

Now, why is this film so special? Well, it's a story close to the hearts of Italians. It's all about the legendary racer Enzo Ferrari, played by Adam Driver, and his struggles back in 1957. His racing empire is on the verge of bankruptcy, his marriage is rocky due to the loss of their son, and there's some complicated stuff with another woman. Plus, his drivers are pushing the limits in a crazy 1,000-mile race across Italy.

The good news is that "Ferrari" got a green light to be promoted at the festival circuit thanks to a SAG-AFTRA interim agreement. So, you'll be hearing more about it. And for those in the US, mark your calendars for Christmas Day because that's when it's hitting theaters through Neon.

Movies and TV Shows Released on September 1st 🎞️

Crank (2006)

Fallen (2016)

Dug Days (2021)

Little Evil (2017)

Diller's Bold Media Advice πŸ—£οΈ

So, Barry Diller, the bigwig in the media world, has some advice for his fellow media companies. He hopped on a podcast from his yacht and basically said that these media folks should stop trying to negotiate with the likes of Netflix. According to Diller, Netflix is in a league of its own in the streaming game, and Apple and Amazon are playing in entirely different sandboxes that have nothing to do with making movies and TV shows.

He even went on to say that producers should break away from the tech giants and negotiate directly, emphasizing that they're natural allies with a long history. It's like saying, "Hey, we've been in this together for ages. Let's sort this out without the tech giants."

Diller also thinks that Netflix is the reason behind all these strikes, as it lured other companies into streaming, causing them to drop the ball on traditional cable and broadcasting. It's generating quite a buzz, and Diller's advice is intriguing. Let's see where it goes!

New Teaser Trailer / The Marvels ▢️

Journey To The Marvels | In Theaters Nov 10

Still of the Day ⏸️

Boyhood (2014)