NEW ORLEANS — Turner Broadcasting’s TBS and TNT have bought the exclusive first network window to New Line’s “Magnolia.”
Even though Turner and New Line are sister companies owned by Time Warner, a number of New Line pictures have bypassed TBS/TNT in the past year, including “Next Friday,” “American History X” and “Detroit Rock City,” all three of which landed deals for exclusive network windows with USA, and “Boogie Nights,” to which FX bought the basic-cable rights.
Turner and New Line declined to comment on the “Magnolia” deal, but TBS and TNT likely will pay together about 15% of the domestic box office gross for a four-year window. The two nets will be able to start scheduling “Magnolia” in June 2002.
Depending on marketplace conditions, New Line could sell one or two runs of “Magnolia” to a broadcast network in 2003. Often, broadcast networks go searching for movies when some of their series flop in the Nielsens and holes open in the primetime schedule.