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PRO Tip Sheet: 5 Insights From This Week

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Sat, May 4, 2024 04:09 PM

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This week we revealed how Dwayne Johnson’s lateness caused budget overruns on “Red One,?

This week we revealed how Dwayne Johnson’s lateness caused budget overruns on “Red One,” how TV miniseries face challenges in today's TV landscape, how Universal forged its recent success and how David Leitch brought “The Fall Guy” to the big screen. 5Insights From WrapPRO]( This week we revealed exclusively how Dwayne Johnson’s on-set lateness caused the “Red One” budget to balloon to $250 million. We also documented how interest in the TV miniseries is diminishing despite the success of “Shōgun,” delved into the recent success of Universal Pictures and executive Donna Langley amid a challenging environment for films, told the story of how director David Leitch drew on his stuntman background to bring “The Fall Guy” to the big screen and explained how streamers decide which TV and movie titles to give a physical release. — Alexei Barrionuevo 1. [‘Red One’ Down: How Dwayne Johnson's Tardiness Led to a $250 Million Runaway Production]( By Gonzalez | Source:WrapPRO]( - Dwayne “The Rock” Johnson's latest film “Red One” faces massive budget overruns and delays due to production issues, including Johnson's chronic lateness and lack of professionalism on set. - Insiders reveal that “Red One” production costs soared over $250 million, largely due to inexperience among lead producers and Amazon MGM executives overseeing the project. - Amazon MGM's ambitious leap into big-budget filmmaking with “Red One” highlights challenges of managing costs and production for a $200 million movie, raising doubts about the studio's ability to compete in the theatrical space. [Keep Reading]( 2. [Despite ‘Shōgun’ Success, TV Is Falling Out of Love With the Miniseries]( By Kayla Cobb | Source:WrapPRO]( - The resurgence of miniseries like “Shōgun” faces challenges in today's TV landscape due to their high production costs and limited episode count, which conflicts with the preference for long-term audience engagement in the streaming era. - While miniseries are becoming less prominent, they still offer a unique space for experimental projects and storytelling, attracting both big stars and talented creators who can't commit to multi-season shows. - Networks and streamers are shifting focus towards character-based procedurals that can run for multiple seasons, driven by audience demand for consistent and long-lasting shows, signaling a potential decline in the number of miniseries produced in the future. [Keep Reading]( 3. [Inside Universal's Potent Recipe for Success in a Struggling Movie Business]( By Jeremy Fuster | Source:WrapPRO]( - Universal Pictures' recent hot streak, epitomized by the success of “Oppenheimer,” underscores a strategic focus on cultivating filmmaker partnerships and leveraging their creative visions to produce box office hits, even with fewer dominant franchises and amidst a climate of industry turbulence. - Spearheaded by Donna Langley's leadership and a diverse portfolio-building strategy, Universal has notched record-breaking global growth and become a domestic market share leader, while fostering fruitful relationships with top-tier talents like Christopher Nolan, Jordan Peele, and David Leitch. - Universal's upcoming slate, from potential blockbusters like “Despicable Me 4” and “Wicked,” to high-risk ventures like “The Fall Guy” and “Twisters,” reflects a calculated approach to eventizing films that rely on star power and creative storytelling. [Keep Reading]( 4. [How ‘The Fall Guy’ Became the Ultimate David Leitch Movie]( By Drew Taylor | Source:WrapPRO]( - “The Fall Guy,” directed by David Leitch, marks a personal and artistic pinnacle for the filmmaker, blending comedy, drama and romance while paying homage to his 20-year stunt career and the iconic '80s TV series that inspired the film. - Leitch's meticulous approach to storytelling seeks to celebrate the stunt community's unseen heroes, balancing realism with cinematic spectacle, and is highlighted by record-breaking stunts and a nuanced portrayal of the protagonist's journey from stuntman to bounty hunter. - Post-production insights reveal Leitch's collaborative editing process, in which he refines the film's tone and narrative focus, with potential for a sequel that could further explore the characters' relationship dynamics against the backdrop of the film industry. [Keep Reading]( 5. [Which Streaming Movies and Shows Get to Go to DVD and Blu-ray?]( By Lindsay Kusiak | Source:WrapPRO]( - Physical media releases for streaming films like “The Irishman” and “Roma” highlight challenges for filmmakers and studios as streaming platforms prioritize their own content and audiences' preferences evolve. - The decision to release streaming titles on physical media depends on complex distribution rights, production origin and consumer demand, with studios like Netflix and Apple TV+ relying on outside distributors due to their lack of in-house pipelines. - Despite a general decline in DVD and Blu-ray sales, the growth of the 4K Ultra HD Blu-ray market presents a lucrative opportunity for studios and home entertainment divisions to cater to collectors and fans of high-quality physical media. [Keep Reading]( With a focus on delivering actionable intelligence, the PRO Tip Sheet empowers readers to stay ahead of the game in the industry. Want to go deeper? [Explore WrapPRO today](. TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Unsubscribe](

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