Hollywood
Warner Bros, Legendary plan ‘Godzilla,’ ‘King Kong’ trilogy
MUMBAI: Following Legendary’s and Warner Bros. Pictures’ 2014 success with the global reinvention of the Godzilla franchise, the companies have come together to create an epic, new shared cinematic franchise.
The initial trio of films are 2017’s Kong: Skull Island; Godzilla 2 in 2018; and then Godzilla vs. Kong, arriving in theaters in 2020.
All-powerful monsters become towering heroes for a new generation, revealing a mythology that brings together Godzilla and Legendary’s King Kong in an ecosystem of other giant super-species, both classic and new. Monarch, the human organization that uncovered Godzilla in the 2014 film, will expand their mission across multiple releases.
While Legendary maintains its new home at Universal Pictures, the Godzilla films remain in partnership with Warner Bros., who will now also distribute Kong as a part of this franchise. Production on Kong: Skull Island begins 19 October.
Warner Bros. and Legendary released Godzilla in May 2014 with an agreement to release Godzilla 2 on 8 June, 2018. Both films feature the human Monarch organization. Shortly following Legendary’s pact with NBC Universal, Legendary acquired rights to additional classic characters from Toho’s Godzilla universe, including Rodan, Mothra, and King Ghidorah. This paved the way for developing a franchise centered around Monarch and anchored by Godzilla, King Kong, and other famous creatures.
When Legendary announced films centered on Godzilla and Kong, fans all over the world speculated these two characters might one day meet in the same film. Classic Toho monsters including King Ghidorah, Mothra, and Rodan, as announced at Comic-Con 2014, may also join the Legendary pantheon of giant monster mayhem going forward.
Legendary CEO Thomas Tull said, “Audiences really responded to Godzilla. Today, I’m excited to reveal that film was only the beginning of an epic new entertainment universe. As a lifelong fan of these characters, I’ve always wanted to see the ultimate showdown, and today we’re pleased to be announcing that and more.”
“Working with our partners at Legendary, we enjoyed tremendous creative and commercial success with Godzilla. It’s great to be able to revisit these characters and help create a franchise with so many creative possibilities for filmmakers. Fans love these big, globally iconic films and it doesn’t get any bigger than this,” added Warner Bros Chairman and CEO Kevin Tsujihara.
Kong: Skull Island stars Tom Hiddleston, Sam Jackson, Brie Larson, John Goodman, Tian Jing, Corey Hawkins, Jason Mitchell, John Ortiz, Shea Whigham, and Toby Kebbell. Directed by Jordan Vogt-Roberts and written by Max Borenstein, John Gatins, Dan Gilroy, and Derek Connolly, Kong: Skull Island will fully immerse audiences in the mysterious and dangerous home of the king of the apes as a team of explorers ventures deep inside the treacherous, primordial island. Legendary’s Thomas Tull and Jon Jashni will produce with Mary Parent. Alex Garcia and Eric McLeod will executive produce. Warner Bros. will distribute the film in 3D and IMAX 3D on 10 March, 2017.
Godzilla 2 will be written by Max Borenstein and directed by Gareth Edwards. Legendary is producing with Parent, and Garcia will executive produce. The film is set to be released by Warner Bros. on 8 June, 2018.
Godzilla vs. Kong will be released in 2020.
Hollywood
Trump invested over $1.1m in Netflix bonds at the peak of Warner Bros bidding battle
Financial disclosures show U.S. president also bought Warner Bros Discovery debt during high-stakes media takeover race.
WASHINGTON: New government financial disclosures show that U.S. president Donald Trump purchased more than $1.1 million worth of bonds issued by Netflix over the past three months. The transactions occurred during a period when Netflix was engaged in a competitive bidding war for Warner Bros. Discovery, a potential merger that the Trump administration had publicly criticised on antitrust grounds.
Between December and January, the president acquired Netflix bonds valued between $1.1 million and $2.25 million. The bonds carry a 5.375 per cent interest rate and are scheduled to mature in November 2029. Financial disclosures also revealed an additional investment in Warner Bros Discovery bonds. The purchase was valued between $500,002 and $1 million, with the debt reportedly bought at roughly 92 cents on the dollar. The bonds are now trading at around 95 cents on the dollar, leaving the position currently in profit.
The timing of the investments has drawn scrutiny because the administration had been openly critical of Netflix’s market activities at the time. While the president’s trust was purchasing the debt, the administration reportedly pressured Netflix to remove board member Susan Rice and expressed concerns that a Netflix–Warner merger could harm competition.
The White House has dismissed conflict-of-interest concerns, stating that the president’s assets are managed independently by his children. Spokesperson Anna Kelly said U.S. presidents are legally exempt from the conflict-of-interest laws that apply to other federal officials.
Despite the financial interest, Netflix ultimately lost the race to acquire Warner Bros Discovery. Paramount Skydance secured the deal on 27 February with a $110 billion offer. The acquisition was backed by Larry Ellison, who guaranteed $40 billion to support the bid, while major lenders including Bank of America, Citigroup and Apollo Global Management provided $39 billion in financing.
The final acquisition leaves the combined Paramount entity carrying roughly $85 billion in debt, while Netflix withdrew its bid roughly two weeks before the official disclosure report was released.
