HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
court document: $30M penalty for every film that falls short of the target paid into union and industry funds.
30 theatrical released films each first 2 years, increasing to 32 films in the last 3 years {nm} Sep 21, 11:45
4 films must be "independent" at least 20% must be blockbusters (but only requires a 50 million budget to qualify?) {nm} Sep 21, 11:47
Ellison separately is saying he expects the deal to close in about two weeks. {nm} Sep 21, 11:48
best deal since Lando Calrissian saved Bespin Cloud City from imperial control {nm} Sep 21, 11:47
Not as bad as I was fearing, but best case scenario after 5 years it's going to be a total bloodbath. {nm} Sep 21, 11:53
Also pretty possible they'll be run into the ground by then and be up for sale again. {nm} Sep 21, 11:54
daddy's pledged Oracle stock may also collapse even before that {nm} Sep 21, 12:13
Where's the $30M per film penalty and who gets it? {nm} Sep 21, 11:56
court document: $30M penalty for every film that falls short of the target paid into union and industry funds. Sep 21, 16:54