French 1st lady Carla Bruni Sarkozy
Sacha Baron Cohen has been invited to become a member of the Academy. So here’s one way to revive those pathetic ratings for the Oscar show:
***Mega Los Angeles realtor Donald Sterling having drinks at McCormick and Schmick's on Rodeo, while suspiciously watching the Lakers.
**BE AN LBN-CORRESPONDENT - send your celeb sightings to LBNElert@Timewire.net.
The DreamWorks link with Reliance, the giant conglom from India, dominated conversation in Hollywood this week, giving everyone an excuse to avoid thinking about the de facto strike triggered by SAG.
Answer: Universal already has abundant product and some of its top executives are leery about the complexities of “managing” DreamWorks.
More important, what happens if GE unloads NBC-Universal and its dealmaking mobility is suddenly inhibited?--
Could Paramount refuse to part with any of the DreamWorks projects that it’s put in development and how would Spielberg cope with an empty slate?
Answer: Spielberg could render these projects essentially unmakeable by invoking provisions of his production deal –
7½% of the gross till break, then 50% of the profits.
Two parties – Paramount and DreamWorks – would have to do some nimble negotiation.
The end result: Major legal fees and possible impasse.--
Indian billionaire Anil Ambani, is also putting up development money for stars like Hanks, Clooney, Carrey and Pitt.
He’s supposedly the world’s sixth richest person, but doesn’t he realize no one ever wins by funding development?
Answer: If any of his projects are made, he has the option of providing half the production funding for the films.
He also wins the eternal love and gratitude of CAA, which brokered the deals.
On the other hand, only one in 20 projects developed by studios ever makes it to production – will the stars have a better batting average?
The bottom line: The Indians can afford the gamble.
So can Spielberg and his irrepressible partner, David Geffen.
And Hollywood could certainly use a fresh infusion of both capital and optimism.
Posted: Thu., June 19, 2008,
The stars, along with filmmakers like Jay Roach and Chris Columbus, quietly closed financing deals this week under which Reliance (the company that hooked up with DreamWorks) will fund development slates for stars and star filmmakers.
Engineered by CAA, the deal provides renewable funds of $1.5 million per star that will be used to develop scripts.
The projects then will be shopped to the studios with Reliance having the right to put up 50% of the production funding on each project.
The deals are important for CAA as well as for the stars.
As the studios resist expansive gross participation, agents have been having a tough time carving deals with the majors.
With fully developed material and half the funding, CAA is in a far stronger position to make the deals it has coveted in the past and counter the studios’ belt-tightening.
Interview: Smith and Charlize in ‘Hancock’
Tuesday, June 24th, 2008
Will Smith and Charlize Theron say Hancock not your father’s superhero - 4 stars
HOLLYWOOD, CA (Hollywood Today)
“It’s so hard to come up with something original,” says Academy Award-winner Charlize Theron.
“Hancock doesn’t know everything about Hancock,” says Smith.
“We looked in the creation of Hancock at Greek mythology,” says Smith.
“What if they were actually closer to us as human beings?” says Theron.
“He drinks a little too much,” says Smith.
“The technology out there today is just incredible,” says Theron.
“I like that we were creating a new superhero, and I like that he was flawed,” says Theron.
“Hancock said everything he wanted to say and did everything that he wanted to do,” says Smith.
“My character gets to really fall on her face and learning what that means for her,” says Theron.
“She likes being a teacher and loves driving her stepson to soccer until the day this guy drops in,” says Theron.
“It was a great time,” says Theron.
“The cast was hugely important,” says Smith.
Hancock owes a lot to ‘Spider-Man’, another superhero who was an ordinary guy who had power thrust upon him.
Will Smith brings likability and rough charm.
‘Hancock’ is funny with lots of action, although a bit violent and derelict.
Release Date: July 2nd, 2008 (USA)