×

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.

Popular on Variety

More Film

  • Rita And Tom Hanks Coronavirus

    Tom Hanks and Rita Wilson Return to U.S. After Coronavirus Diagnosis in Australia

    Tom Hanks and Rita Wilson are back home in the U.S. after they revealed they had contracted coronavirus and were quarantined in Australia. Hanks gave an update on Twitter Saturday morning, thanking everyone who had helped them in Australia and assuring people that they are still isolating themselves in the U.S. “Hey, folks…We’re home now [...]

  • Film Comment Magazine Goes on Hiatus

    Film Comment Magazine to Go on Hiatus as Film at Lincoln Center Lays Off Half of Staff

    Many companies are being financially impacted by the coronavirus pandemic, and the Film at Lincoln Center is the latest organization to have to lay off employees and pause some of their operations. On Friday, executive director Lesli Klainberg released a memo announcing that the center had to furlough or lay off about half of its [...]

  • "Birds of Prey" egg sandwich

    'Birds of Prey' Actor Bruno Oliver Recreates Harley Quinn's Famous Sandwich

    When actor Bruno Oliver booked the role of short order cook Sal in “Birds of Prey: (And the Fantabulous Emancipation of One Harley Quinn),” he had no idea how significant Sal and his breakfast sandwich were to the story. “You couldn’t tell from the audition necessarily and as actors, we always worry about our scenes [...]

  • Minyan

    'Minyan': Film Review

    Best known for the unexpectedly soul-shattering San Francisco suicide doc “The Bridge,” indie filmmaker Eric Steel came out and came of age in 1980s New York at a moment just before AIDS devastated the city’s gay community. Such timing must have been surreal, to assume something so liberating about one’s own identity, only to watch [...]

  • Animated Movie 'The Queen's Corgi' Fetches

    Film New Roundup: Animated Movie 'The Queen's Corgi' Fetches North American Distribution

    In today’s film news roundup, “The Queen’s Corgi” finds a home, the Overlook Film Festival is postponed and the California Film Commission adjusts its tax credit rules due to the coronavirus. ACQUISITION Freestyle Digital Media has acquired North American rights to the animated family comedy feature “The Queen’s Corgi,” and plans to make it available on DVD and to [...]

  • APA Logo

    APA Sets Salary Cuts and Furloughs in Wake of Covid-19 Pandemic

    Following in the steps of several agencies dealing with the coronavirus, APA has informed all offices of upcoming salary cuts along with possible suspensions and furloughs for employees due to the pandemic’s economic effect on the industry. APA board of directors will make the largest financial sacrifice. The move has been made to avoid layoffs [...]

More From Our Brands

Access exclusive content