Just as Paramount began to celebrate its extended partnership with Hasbro…. disaster strikes!
HuaHua Media who collaborated with Paramount by investing US$ 1 Billion to promote and distribute movies in China, moved away from the deal leaving the Viacom company in a tight situation.
That deal, had it stayed, would have funded 25% of Paramount film slates up until the end of 2019.
Those who are in touch with the industry may already know that the deal was in a rocky path ever since Transformers: The Last Knight failed to live up to the expectations of the Chinese company.
While we do not believe that this situation will greatly affect the upcoming Hasbro Cinematic Universe, some sort of financial curtailing may occur.
Paramount, in a statement, said it and Huahua had agreed to end the arrangement:
“Paramount Pictures and Huahua Media have mutually agreed to end their slate financing agreement… following recent changes to Chinese foreign investment policies.”
Jim Gianopulos, Paramount’s chairman and CEO, attempted to put a positive spin on the news, saying in a statement that the new deals give the studio a better opportunity to capture more of the profits from the films it makes. He noted that deals with the likes of Skydance will help finance the bigger budgeted releases, while Paramount will not enlist third party investors on its more modestly budgeted productions.
SilverOptimus says
News Post: Paramount Pictures Loses HuaHua Media Film Financing Deal
Formulazl1 says
"Transformers The Last Knight failed to live to the expectations of the Chinese Company". That movie failed to the expectations of everyone. It is trash, and it really concerned me about the "upcoming Hasbro Cinematic Universe". As bad as the two Gi Joe movies were, at least they were not as incomprehensible rubbish as The Last Knight.
Xerofall says
I seriously wonder if Michael Bay is okay... he can't film someone driving down the street without 15 explosions.
bluesparrow says
I'm actually pretty hopeful about the Bumblebee movie. Much better director than Michael Bay and the movie seems to have a smaller scope, hopefully it will be less chaotic and rambling than the Transformers movies to date.
JediJones says
I didn't think Last Knight was the worst Transformers movie. Thought it held up pretty well for the first half, then descended into the same overdone climax that the other TF movies do. Revenge of the Fallen is still the worst TF movie. This one is roughly tied with the 3rd and 4th.
Retaliation is still one of the worst modern movies I've ever seen in a theater, down there with San Andreas, Suicide Squad, Thor: Dark World and Thor: Ragnarok.
Dolemite says
You need to see some really bad movies to gain perspective, my friend. If you like, I can recommend some!
cappeca says
Who knows, maybe they will start doing something good for a change.
CADPAT says
You need to see some really bad movies to gain perspective, my friend. If you like, I can recommend some!
46 Zone says
You need to see some really bad movies to gain perspective, my friend. If you like, I can recommend some!
I recommend you add the last 2 Hobbit Movies to your list.
Full Thread: Paramount Pictures Loses HuaHua Media Film Financing Deal
Not a member yet? Join HissTank Now!