Chernin Leisure has signed a first-look deal for function movies with Netflix.
The businesses confirmed the deal on Tuesday. Chernin’s earlier first-look deal had been via 20th Century Fox, however that settlement went away earlier this 12 months after Disney absorbed the Fox function movie operations final 12 months.
Selection reported completely in January that Chernin Leisure would retain 70 of the 80-plus film initiatives that it had in improvement at 20th. The initiatives remaining at Disney — like a brand new “Planet of the Apes” movie with director Wes Ball (“The Maze Runner”) — are primarily based on Disney-held mental property, and Chernin will stay hooked up as an government producer.
After Chernin stepped down because the president of Fox’s then-parent firm Information Corp. in 2009, he launched Chernin Leisure as a movie manufacturing firm with 2011’s “Rise of the Planet of the Apes.” He additionally produced a number of different high-profile ,motion pictures for Fox within the earlier decade, together with “Hidden Figures,” “The Best Showman” and up to date greatest image nominee “Ford v Ferrari.” All instructed, Chernin made 24 motion pictures over eight years, virtually all of them at Fox.
Disney’s $71.three billion acquisition of 21st Century Fox modified the panorama for movie manufacturing at 20th, particularly after the division’s movie slate in 2019 dramatically underperformed, posting a $170 million loss in Disney’s fiscal third quarter. That prompted Disney to cancel the vast majority of then-Fox’s movie improvement slate and refocus manufacturing on established franchises.
Chernin Leisure’s most up-to-date movies included the Kristen Stewart thriller “Underwater,” debuted with a limp $7 million home opening weekend, and the animated comedy “Spies in Disguise” grossed round $170 million worldwide.
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