Skydance Media, which co-financed and co-produced Transformers and G.I. Joe live-action movies for Paramount Pictures, is moving away from the big mountain in favor of Apple.
However, it is stated that Skydance Media will still retain the rights to co-produce and co-finance Transformers & G.I. Joe franchises. But the terms of that are unclear at the moment.
This move will likely put pressure on the Viacom subsidiary to seek out a new co-producer.
Skydance Media’s last outing with a movie based on a Hasbro property ended up in a financial disaster with Snake Eyes: G.I. Joe Origins only raking in just $40 million worldwide against a production budget of $100 million.
News Post: Skydance Media Moves Away From Paramount Pictures
They crapped out the last two Terminator flops. G.I. Joe needs to go somewhere else.
As an avid Apple user this continues to crack me up, because despite being super satisfied with their tech gear, I've always thought that their fledgling TV service was the drizzlin' shits, so this is par for the course. Gonna need a bigger septic tank, Apple.
Full Thread: Skydance Media Moves Away From Paramount Pictures
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