You will be redirected back to your article in seconds

Inside Move: On Walden bond

Par pulls out, leaves 'World' to Anschutz

Philip Anschutz’s Walden Media has the weight of the “World” on its shoulders.

Paramount Pictures confirms that it will not act as the domestic distributor of Walden Media’s “Around the World in 80 Days,” which stars Jackie Chan and will be directed by Frank Coraci (“The Wedding Planner”).

Par made the deal last summer and had slotted the pricey pic as a holiday tentpole, with a Nov. 21 release date. The picture is budgeted in at around $110 million.

Despite Par’s departure, the pic will not cancel its March production start. Given the pay-or-play deal for Chan, as well as investment in elaborate sets, failure was not an option.

For now, financing comes from foreign sales made by Patrick Wachsberger’s Summit Entertainment. Walden, which is backed by billionaire Anschutz, covers the gap.

The film is based on the Jules Verne novel set during the Industrial Revolution. Chan portrays Passepartout, who steals a jade Buddha and seeks refuge with adventurer Phineas Fogg.

More Film

  • NANCY

    Andrea Riseborough's Thriller 'Nancy' Sells to Samuel Goldwyn (EXCLUSIVE)

    Philip Anschutz’s Walden Media has the weight of the “World” on its shoulders. Paramount Pictures confirms that it will not act as the domestic distributor of Walden Media’s “Around the World in 80 Days,” which stars Jackie Chan and will be directed by Frank Coraci (“The Wedding Planner”). Par made the deal last summer and […]

  • Ridley Scott

    Ridley Scott Tells Aspiring Filmmakers They Have 'No Excuses'

    Philip Anschutz’s Walden Media has the weight of the “World” on its shoulders. Paramount Pictures confirms that it will not act as the domestic distributor of Walden Media’s “Around the World in 80 Days,” which stars Jackie Chan and will be directed by Frank Coraci (“The Wedding Planner”). Par made the deal last summer and […]

  • Amazon Boards Marjane Satrapi's Marie Curie

    Amazon Boards Marjane Satrapi's Marie Curie Biopic 'Radioactive' (EXCLUSIVE)

    Philip Anschutz’s Walden Media has the weight of the “World” on its shoulders. Paramount Pictures confirms that it will not act as the domestic distributor of Walden Media’s “Around the World in 80 Days,” which stars Jackie Chan and will be directed by Frank Coraci (“The Wedding Planner”). Par made the deal last summer and […]

  • ENT_LD_211116_02404m.jpg

    Berlin Film Review: '7 Days in Entebbe'

    Philip Anschutz’s Walden Media has the weight of the “World” on its shoulders. Paramount Pictures confirms that it will not act as the domestic distributor of Walden Media’s “Around the World in 80 Days,” which stars Jackie Chan and will be directed by Frank Coraci (“The Wedding Planner”). Par made the deal last summer and […]

  • LONDON, ENGLAND - FEBRUARY 15: Gregg

    Variety Lights Up London Honours Bash with 10 Brits to Watch

    Philip Anschutz’s Walden Media has the weight of the “World” on its shoulders. Paramount Pictures confirms that it will not act as the domestic distributor of Walden Media’s “Around the World in 80 Days,” which stars Jackie Chan and will be directed by Frank Coraci (“The Wedding Planner”). Par made the deal last summer and […]

  • Marvel Studios' BLACK PANTHER..Zuri (Forest Whitaker)..Photo:

    'Black Panther' Is A Legit Phenomenon, but Will It Be An Oscar Player?

    Philip Anschutz’s Walden Media has the weight of the “World” on its shoulders. Paramount Pictures confirms that it will not act as the domestic distributor of Walden Media’s “Around the World in 80 Days,” which stars Jackie Chan and will be directed by Frank Coraci (“The Wedding Planner”). Par made the deal last summer and […]

More From Our Brands

Access exclusive content