Numlock News: January 22, 2019

By Walt Hickey Liking Numlock? Forward today’s email to a friend you think may enjoy it and might subscribe. Studio Film studio Paramount is in a fairly dire position, having accumulated $900 million in losses from 2016 to 2018. It’s left out of effectively all major cinema trends that aren’t “pay Tom Cruise to do stuff near a camera.” It spun off a successful television business, it canned a horror producer who gets returns on investment that rival counterfeiting schemes, it’s the only major studio without a super hero franchise, and one time bosses said accurate if impolitic things about late-career Spielberg movies in print. A $700 million upgrade to its 29-soundstage lot has not materialized, and it’s releasing 13 movies next year which, compared to the 90 Netflix is cranking out, isn’t particularly impressive. This has prompted some talk of a Fox-style acquisition.

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