Turnaround (film industry term)

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Turnaround in filmmaking is the use of outside assistance to resolve problems preventing a film project from completing its development phase and entering the pre-production phase. A project stuck in development phase is said to be in development hell.

Background

The outside help needed to get a film project into turnaround may appear in the form of new money being invested into a project in development hell, or it might come along as another outside studio taking interest in a project which the original studio may find difficult to move forward into the pre-production phase. When an outside source takes over a film project from development hell in one studio and transfers the film project to another studio which is willing to invest further resources to move the project into pre-production, then the project is said to have gone through a 'turnaround'. The film project can now move forward out of development hell in one studio into the pre-production phase of filmmaking at another studio.

The term 'turnaround' is borrowed from business operations and management consulting where it is used to describe business ventures which are in some form of insolvency and require a 'business turnaround' or 'management turnaround' to become profitable and make a 'turnaround' in business performance. In the case of the filmmaking process, the transfer of the film project from development hell, at one studio, leading to the project receiving a green light to begin pre-production, at another studio, is referred to as a 'turnaround' for that film.

Informal descriptions

A 'turnaround' or 'turnaround deal' is occasionally used to describe an arrangement in the film industry whereby the production costs of a project that one studio has developed are declared a loss on the company's tax return, thereby preventing the studio from exploiting the property any further. The rights can then be sold to another studio in exchange for the cost of development plus interest.[1]

Examples

Michael Cieply defined the term in The New York Times as "arrangements under which producers can move a project from one studio to another under certain conditions".[2] Some examples include:

References and notes

  1. Cieply, Michael (August 23, 2008). "The Murky Side of Movie Rights". The New York Times.
  2. Cieply, Michael (August 29, 2008). "Studio War Involving 'Watchmen' Heats Up". The New York Times. Retrieved September 1, 2008.
  3. McDonald, Paul & Wasko, Janet (2008) Hollywood Film Industry. Malden, MA: Blackwell Publishing. p. 54
  4. McBride, Joseph (2011). Steven Spielberg: A Biography, Second Edition. University Press of Mississippi. pp. 323–38. ISBN 978-1-604-73836-0.
  5. Caulfield, Deborah (July 18, 1982). "E.T. Gossip: The One That Got Away?". Los Angeles Times.
  6. Koknow, David (June 9, 2015). "How Back To The Future Almost Didn't Get Made". Esquire. Archived from the original on July 26, 2016. Retrieved July 14, 2016.
  7. Gaines, Caseen (2015). We Don't Need Roads: The Making of the Back to the Future Trilogy. New York City: Plume. ISBN 978-0-14-218153-9.
  8. Fleming, Mike (October 21, 2015). "Blast From The Past On Back To The Future: How Frank Price Rescued Robert Zemeckis' Classic From Obscurity". Deadline Hollywood. Archived from the original on October 22, 2015. Retrieved October 22, 2015.
  9. Rickey, Carrie (August 19, 2012). "'Dirty Dancing': Panned as a dud, but dynamite". The Inquirer. Archived from the original on December 21, 2018. Retrieved December 20, 2018.
  10. Kolson, Ann (August 17, 1997). "Fairy Tale Without an Ending". The New York Times. p. 2.11.
  11. Murray, Will (May 1990). "Postcards From Mars". Starlog. United States: Starlog Group, Inc. Retrieved October 1, 2021.
  12. Broeske, Pat H. (December 4, 1988). "Spaced Out". Los Angeles Times. Archived from the original on October 20, 2021. Retrieved November 3, 2021.
  13. Murray, Will (July 1990). "Man Without Memory". Starlog. United States: Starlog Group, Inc. Retrieved October 1, 2021.
  14. Hughes, David (2012). "We Can Rewrite it for You Wholesale". Tales from Development Hell: The Greatest Movies Never Made? (New ed.). London, England: Titan Publishing Group. pp. 60–89. ISBN 9780857687234.
  15. Bucklow, Andrew (December 4, 2019). "Home Alone secrets revealed in Netflix show 'The Movies That Made Us'". news.com.au. Archived from the original on February 12, 2020. Retrieved December 4, 2019.
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  17. "Danny Elfman presents his Tim Burton movie scores at Adelaide Festival". Sydney Morning Herald. October 16, 2014. Archived from the original on October 18, 2014. Retrieved October 16, 2014.
  18. Salisbury, Mark, ed. (2006). "Cabin Boy and Ed Wood". Burton on Burton. Farrar, Straus and Giroux. ISBN 978-0-57-122926-0.
  19. Dawson, Jeff (1995a). Quentin Tarantino: The Cinema of Cool. New York and London: Applause. ISBN 1-55783-227-7.
  20. Williams, Michael (October 5, 1995). "Chargeurs engages in risque pic business". Variety. Retrieved April 9, 2014.
  21. Prince, Stephen (2000) A New Pot of Gold: Hollywood Under the Electronic Rainbow, 1980–1989. University of California Press, Berkeley/Los Angeles, California. ISBN 0-520-23266-6
  22. "'RECALL' IN NEW DIMENSION". Variety. January 14, 1997. Retrieved July 24, 2019.
  23. "Company Town: Carolco May Be Close to Restructuring". LA Times. February 14, 1995. Retrieved July 24, 2019.
  24. "Kassar signs deal with Paramount". United Press International. January 3, 1996. Retrieved April 25, 2020.
  25. "Carlco Pictures Contract". November 15, 1994. Retrieved April 25, 2020.
  26. Thompson, Kristin (2007). The Frodo Franchise: The Lord of the Rings and Modern Hollywood. University of California Press. pp. 25–35. ISBN 978-0-5202-5813-6.
  27. Sibley, Brian (2006). "Quest for the Ring". Peter Jackson: A Film-maker's Journey. London: HarperCollins. pp. 329–387. ISBN 0-00-717558-2.
  28. Sibley (2006), pp. 388–392
  29. The Lord of the Rings: The Fellowship of the Ring Appendices (DVD). New Line Cinema. 2002.
  30. Harrison, Mark (January 21, 2021). "How Paramount missed out on making Twilight". Film Stories. Retrieved February 13, 2022.
  31. "Is the "Twilight" Witch Hunt over at Paramount?". January 27, 2009. Archived from the original on November 29, 2022. Retrieved November 29, 2022.
  32. Dave McNary (June 7, 2007). "New Summit unveils new projects". Variety. Reed Business Information. Archived from the original on September 12, 2009. Retrieved February 18, 2008.
  33. Steven Zeitchik (December 26, 2007). "Pattinson bites into 'Twilight' role". The Hollywood Reporter. Nielsen Business Media.
  34. Carolyn Giardina; Borys Kit (November 16, 2007). "Stewart enters 'Twilight' zone". The Hollywood Reporter. Nielsen Business Media. Archived from the original on November 23, 2008. Retrieved February 18, 2008.
  35. Hughes, David (2008), "Who Watches the Watchmen? – How The Greatest Graphic Novel of Them All Confounded Hollywood", The Greatest Sci-Fi Movies Never Made (4th ed.), Chicago Review Press; updated and expanded edition Titan Books, pp. 144–151, ISBN 978-1-84576-755-6
  36. Cieply, Michael (September 20, 2008). "Battle Over 'Watchmen' Surrounds a Producer". The New York Times. Retrieved September 20, 2008.
  37. Fleming Jr, Mike (July 29, 2010). "Guillermo Del Toro And James Cameron Ready To Climb 'Mountains Of Madness'".
  38. Fleming Jr, Mike (March 7, 2011). "Competition For Guillermo Del Toro's Next Picture: Legendary Preps 'Pacific Rim'".
  39. King, Jack (December 1, 2021). "Guillermo del Toro Says Never Say Die to 'At the Mountains of Madness' But There's Plenty He'd Change About It". Collider.
  40. Perry, Spencer (November 10, 2022). "Guillermo del Toro Reveals Never-Before-Seen Test Footage for At The Mountains of Madness Movie".
  41. "'Argo': Too Good To Be True, Because It Isn't". npr. October 12, 2012. Retrieved June 21, 2023.
  42. Kit, Borys (October 2, 2017). "'Sonic the Hedgehog' Movie Races to Paramount (Exclusive)". The Hollywood Reporter. Archived from the original on October 3, 2017. Retrieved October 2, 2017.
  43. Fleming, Mike Jr. (December 14, 2016). "Sony Animation Sets Lin-Manuel Miranda's 'Vivo' For 2020 Bow". Deadline Hollywood. Retrieved July 15, 2019.
  44. Han, Angie (December 14, 2016). "Lin-Manuel Miranda's Vivo Coming From Sony in 2020". SlashFilm. Retrieved October 8, 2019.
  45. Kit, Borys; Kilkenny, Katie (April 17, 2019). "Disney Scraps 'Mouse Guard' Two Weeks Before Production Set to Begin". The Hollywood Reporter. Retrieved April 17, 2019.
  46. Fleming, Mike Jr. (June 28, 2019). "Wes Ball On Mouse House Axing His Passion Pic 'Mouse Guard', A Casualty Of Fox/Disney Deal". Deadline Hollywood. Retrieved June 28, 2019.
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  49. D'Alessandro, Anthony (February 4, 2021). "Disney Closing Blue Sky Studios, Fox's Once-Dominant Animation House Behind 'Ice Age' Franchise". Deadline. Archived from the original on February 9, 2021. Retrieved February 16, 2022.
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  55. D'Alessandro, Anthony (March 1, 2024). "Amazon MGM Studios & AGBO Set 'The Bluff' With Priyanka Chopra Jonas Starring, 'Bob Marley: One Love's Frank E. Flowers Directing; Karl Urban In Talks To Star". Deadline Hollywood. Retrieved March 1, 2024.
  56. Navarro, Meagan (August 3, 2023). "The Bride – Maggie Gyllenhaal Reportedly Remaking Bride of Frankenstein for Netflix". Bloody Disgusting. Retrieved August 31, 2024.
  57. D'Alessandro, Anthony (January 12, 2024). "Annette Bening Boards Maggie Gyllenhaal's Frankenstein Movie At Warner Bros Opposite Jessie Buckley, Christian Bale, Penélope Cruz & Peter Sarsgaard". Deadline Hollywood. Archived from the original on April 4, 2024. Retrieved January 12, 2024.
  58. Galuppo, Mia (April 5, 2022). "Nancy Meyers to Make Directing Return With Netflix Movie". The Hollywood Reporter. Retrieved April 5, 2022.
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