Sean Parker OK'd to buy stake in Peter Jackson's VFX studio
FILE - In this May 6, 2017, file photo, Sean Parker arrives at an event in Culver City, Calif. Tech billionaire Sean Parker has been approved by New Zealand authorities to buy a one-third stake in film director Peter Jackson's visual effects studio. (Photo by Jordan Strauss/Invision/AP, File)WELLINGTON – New Zealand authorities have approved tech billionaire Sean Parker’s purchase of a one-third stake in film director Peter Jackson’s visual effects studio. Parker needed special permission from the Overseas Investment Office because he isn’t a New Zealand resident and the Weta Digital studio is worth more than 100 million New Zealand dollars ($71 million). Weta will issue new shares for Parker, diluting Jackson's stake. In 2016, Parker and Akkaraju founded a video-on-demand startup called Screening Room, which this year relaunched as SR Labs.
Pixar's 'Soul' bypasses theaters, will stream on Christmas
NEW YORK – The Pixar film “Soul” will skip theaters and instead premiere on Disney+ on Christmas, the Walt Disney Co. announced Thursday, sending one of the fall's last big movies straight to streaming. The successive delays of the film industry's would-be blockbusters has only made the dire circumstances of movie theaters more acute. Without aid, the organization said, 69% of small and mid-sized movie theater companies will close or go bankrupt. “The stark reality is that many movie theaters will not be able to open again if they don’t receive government help,” says Esther Baruh, director of government relations for the association. It recently announced that it would lay off 28,000 workers, most of them at Disneyland Resort in Anaheim, California, and Walt Disney World in Orlando, Florida.
Dev Patel celebrates India from his Los Angeles front yard
This image released by National Geographic shows circular Phumdis floating atop Laktak Lake, the largest freshwater lake in northeast India, from the two-part special "India From Above," narrated by actor Dev Patel. Second was the offer to celebrate Indias culture and civilizations by narrating a National Geographic special, India From Above, which airs Sept. 30. It was incredible to be able to make some art in a way, to voice this beautiful thing, linked up to India, said Patel. Patel frequently films in India, but high above the crowd is not a perspective hes used to. How people find a way in India, no matter how hard the condition is, he said.
James Cameron teases possible 'Terminator' trilogy
Frazer Harrison/Getty Images(CNN) - "Terminator: Dark Fate" picks up after James Cameron's "Terminator: Judgment Day," and a new trailer for the franchise's latest installment is here. Fans shouldn't expect this latest movie, produced by Cameron and directed by Tim Miller of "Deadpool," to wrap up the "Terminator" saga. Cameron told Deadline this week he is thinking of an entirely new trilogy. "We spent several weeks breaking story and figuring out what type of story we wanted to tell so we would have something to pitch Linda (Hamilton, aka Sarah Connor)," Cameron said. "If we get fortunate enough to make some money with 'Dark Fate' we know exactly where we can go with the subsequent films," Cameron said.
'Avengers: Endgame' passes 'Avatar' to become the highest-grossing film
"Avengers: Endgame," the Disney and Marvel blockbuster, will move past "Avatar" on the list of all-time highest grossing films on Sunday in its 13th weekend of release, Disney reported Saturday night. "Avatar," James Cameron's science fiction film set on the planet of Pandora, held the record for 10 years. The latest "Avengers" film, starring Robert Downey Jr. and Chris Evans, has made more than $2.789 billion worldwide. "A huge congratulations to the Marvel Studios and Walt Disney Studios teams, and thank you to the fans around the world who lifted 'Avengers: Endgame' to these historic heights," Alan Horn, co-chairman and chief creative officer of The Walt Disney Studios, said in a statement. "The talented filmmakers behind these worlds have much more in store, and we look forward to the future of both the Marvel Cinematic Universe and Pandora."