Sunday, December 30, 2012

12 Big Film News Stories of 2012

Looking back on 2012, records were shattered, hearts broken, dreams were made, and nightmares came to life. From the box-office glory of Joss Whedon's The Avengers to the grim death of Tony Scott, 2012 gave us plenty of highs and lows.

Let's take a look at 12 triumphs and tribulations in movie news from 2012.

12) DreamWorks Animation Leaves Paramount 

for 20th Century Fox 

While certainly not as big as another media acquisition (more on that later... Spoilers!), the end to the seven-year relationship between the animation studio and its distributor, Paramount, leaves the mountain's future looking a bit less solid. Fox, however, has very little risk in this partnership, and should reap some nice rewards with their new five-year pact. While they already own an animation studio, Blue Sky (makers of Rio and the Ice Age franchise), Fox did not shy away from acquiring another animation maker. Release date conflicts are really the only worrisome part to this partnership; however, since Fox will not have to shoulder any of the budget load from DreamWorks Animation films, 20th Century Fox's scheduling headaches should be easily cured with gobs of cash flowing their way.

11) Two Big Film Franchises Come to a Close


While Paramount is left looking to fill a hole in their animation branch, two studios will be looking to make up for losing two of the most lucrative film franchises in the last decade, Chris Nolan's Batman trilogy and the Twilight saga. Love it or hate it, Twilight was a major film franchise and a huge cash cow for Lions Gate Entertainment (distributed under Summit Entertainment). Making well over $3 billion worldwide, believe it or not, Twilight left a mark on cinematic history.
After the Harry Potter franchise ended last year and Nolan's final installment released this year, Warner Bros. Studios must be a bit apprehensive about their future. No longer will they have these two shoe-in cash creators; however, The Hobbit being made into three films should ease their worry. The studio also anxiously awaits Zack Snyder's Superman reboot, The Man of Steel, due out next year, as does every fanboy and fangirl, alongside the DC Entertainment branch. If successful, WB and DC could have a very lucrative film franchise that could open the doors to a long awaited Justice League movie/franchise. Fingers crossed!

10) Two Big Studios Dump Execs

Speaking of studios scrambling to fill giant holes, Disney and 20th Century Fox both showed their respective top dogs the door. After a slew of horrible film financial decisions, Rich Ross, the House of Mouse's Studio Chair, was finally given the boot after the bloated cesspool of awful that was John Carter. While Ross's intentions were good (fewer films with bigger budgets to streamline marketing for franchise merchandise/rides/toy lines), the results were lackluster at best. The now-former Disney exec landed on his feet, though, and is now CEO of Shine America, a production company under News Corp.
Another News Corp. unit, 20th Century Fox, had a serious power-shift as well. It canned its co-chair/CEO, Tom Rothman, after eighteen-years of eyebrow-raising decisions. Failing to secure Fox TV's star, Seth MacFarlane, and his new movie, Ted, and instead, opting for other R-rated comedies that utterly flopped (The Sitter, The Watch) and the absolute mess of a film Abraham Lincoln: Vampire Hunter, seemed to be the final nail in the coffin Rothman. Along with failed franchises such as The Fantastic Four and Daredevil, both of which were sold back to Marvel, Rothman's tenure at Fox was tumultuous, at best.