Martin Scorsese revealed in a documentary that he once threatened to buy a gun and destroy a film he disliked during editing disputes for Taxi Driver, highlighting his intense passion and temper during filmmaking. The documentary features insights from notable figures like Spielberg and De Niro, and discusses his history of violent threats on set, which ultimately led to a compromise that preserved the film's controversial scenes.
Participant, the film and television production company known for producing socially impactful content, is shutting down after 20 years. Founder Jeff Skoll announced the decision, citing changes in the entertainment industry and the need to evaluate his next chapter. The company, which co-produced notable films like "Spotlight" and "Green Book," will dismiss almost all of its employees and cease new content development. Participant's legacy includes driving real-world change through its impactful films and series, earning numerous awards and grossing over $3.3 billion at the box office.
Apollo Global has reportedly made an $11 billion bid for Paramount Global's film and TV studio, causing the company's stock to surge over 11%. The board is reviewing the offer, while other suitors like Skydance Media and Byron Allen are also in the mix. Paramount Global, battling streaming losses and high debt, has been a takeover target for months without any deal. Majority shareholder Shari Redstone has been reluctant to sell off the studio, complicating potential deals involving National Amusements, Warren Buffett, and Mario Gabelli. The company has stated it will consider all offers while undergoing retrenching and divesting non-core assets.
The original soundstage and production facility in San Rafael, California, for Industrial Light and Magic (founded by George Lucas) is closing down as the facility's new owners retire. However, one employee is determined to save the studio's history and legacy. The employee plans to launch a GoFundMe campaign to preserve the building and continue its filmmaking legacy, which includes iconic props and models from various movies. The closure is attributed to adverse business conditions and declining use of practical effects in film production.
Donna Langley, chairman of Universal Filmed Entertainment Group, has been promoted to Chairman of NBCUniversal Studio Group and Chief Content Officer. Langley's new role will involve overseeing content creation across theatrical, TV, and streaming platforms, expanding her creative-team portfolio to include Universal Television, Universal Content Productions, Universal Television Alternative Studios, and Universal International Studios. Langley's track record of building successful and creative content, as well as her ability to balance negotiations, has made her a valuable asset to NBCUniversal.
