More Trouble in Hollywood: Paramount, Deutsche Bank No Longer in Cahoots
Posted by thelanetrain on July 15, 2008
Maybe it had to do with the fact that their big summer comedy bombed, but regardless, Paramount has ended its efforts to finance its films with help from Deutsche Bank today. Why? According to The Los Angeles Times, Paramount’s terms were too steep for the Frankfurt-based bank. The studio was hoping to acquire between $400-$450 million over the next two years to help fund upcoming movies like “Star Trek”, “The Soloist” and “G.I. Joe” Both parties, however, acknowledged that Paramount’s recent flops made the deal unnattractive and not worth the talks.
I have a better idea. Stop working on crappy movies like “Star Trek” and “G.I. Joe” and give the banks an actual reason to throw you money. Since movies based on TV shows are all the rage (the success of Sex and the City, and Get Smart’s mild success in turning a profit), that should tell parent company Viacom to have you get working on a big screen version of “The Hills”. Stat.
