Spyglass Media Group, LLC (formerly Spyglass Entertainment ) is an independent film and television production and finance company founded by Gary Barber and Roger Birnbaum in 1998.
15-569: On August 21, 1998, Gary Barber , former vice chairman and COO of Morgan Creek Productions , together with Roger Birnbaum , co-founder and former head of Caravan Pictures , founded Spyglass Entertainment. The startup company signed a five-year distribution agreement with the Walt Disney Studios , which took an equity stake . Birnbaum previously left Caravan at the prompting of then Disney studio chief Joe Roth ; with Disney cutting its yearly production output, Roth recommended forming
30-555: A first-look deal with the studio. Spyglass was involved on August 1, 2019, in a potential purchase of part of Miramax but dropped out in two weeks. Spyglass's first greenlit film since its revival is a revival of the Hellraiser franchise announced on May 6, 2019. With the company winning the rights to Stephen King 's The Institute book in November 2019, Jack Bender and David E. Kelley were paired to development and produce
45-644: A new comedy joint-venture Artists Road, and it focuses on financing and producing mid-budgeted commercial comedy movies. On July 15, 2021, Lionsgate acquired 200 films from The Weinstein Company 's film library for $ 191.4 million, which until then had been owned by Spyglass, with Lionsgate getting an 18.9% equity stake in Spyglass and Spyglass getting a first look TV deal with Lionsgate Television . In November 2023, Spyglass fired Melissa Barrera from Scream VII , as she showed support to Palestinians caught in
60-405: A not-yet-written script or in-development film or television project pays a development fee to the writer or producer for the right to have the first look at the new material before others in the industry get to see it, and at that time make an offer to purchase or distribute or adhere to purchasing or distribution terms already stated in the agreement. If the studio or company is not interested in
75-743: A self-financing production firm similar to New Regency Productions . After Caravan's remaining three films were released, Caravan went inactive. Its slate of film projects and an initial financial advance of $ 10 million to $ 20 million against future overages were also contributed by Disney. Spyglass's operations were formed and based at the Disney lot in Burbank . On October 29, 1998, European media conglomerates Kirch Group and Mediaset invested in theatrical, video and television distribution rights to between 15 and 25 films in Germany, Italy, Spain, Poland and
90-401: A television division, and it was focused on small screen projects. One of its projects was the short-lived series Miracles . That same year, it attempted to merge with smaller independent distributor Intermedia , but it failed. In December 2003, Spyglass ended its deal with Disney and agreed to a four-year first-look non-exclusive co-financing and production deal with DreamWorks . This deal
105-403: Is any contract containing a clause granting, usually for a fee or other consideration that covers a specified period of time, a pre-emption right , right of first refusal , or right of first offer (also called a right of first negotiation) to another party, who then is given the first opportunity to buy outright, co-own, invest in, license, etc., something that is newly coming into existence or on
120-770: The Israel–Hamas war , and their allegations that posts she made in support were antisemitic. Her co-star Jenna Ortega departed the film shortly after due to scheduling conflicts with Wednesday , forcing a recasting with Neve Campbell returning as the film's lead. Gary Barber Too Many Requests If you report this error to the Wikimedia System Administrators, please include the details below. Request from 172.68.168.226 via cp1108 cp1108, Varnish XID 211831154 Upstream caches: cp1108 int Error: 429, Too Many Requests at Thu, 28 Nov 2024 10:51:17 GMT First-look deal A first-look deal
135-548: The holding company of Metro-Goldwyn-Mayer (MGM), which had at that time recently emerged from bankruptcy. The original plan had the Spyglass library being added to MGM, but it was later removed from the plan. On March 13, 2019, Barber and Lantern Entertainment revived the company as Spyglass Media Group, bringing in Eagle Pictures and Cineworld as investors. Lantern made a majority investment and also transferred its film library and rights to Miramax film sequels to
150-499: The Spyglass. Barber owns the Spyglass trademark and the sequel and remake rights to the old Spyglass library, which he has contributed. The company plans to produce content for all platforms. Spyglass closed the former Lantern Entertainment/ TWC office in New York City while laying off 15 staff members across divisions. Unlike Spyglass Entertainment, Birnbaum is not the co-founder of Spyglass Media Group (though Birnbaum served as
165-460: The book as a mini-series. Also, Bender was signed by Spyglass to a television first-look deal. MGM President of Physical Production Peter Oillataguerre was appointed President of Production for Spyglass Media Group reporting to Barber. He left in September 2023 for Amazon MGM Studios . On October 28, 2020, Spyglass teamed up with Propagate Content, Artists First and Off-Road Productions to form
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#1732791076990180-538: The former Soviet Union for over five years. M. Night Shyamalan 's The Sixth Sense (released 1999), Spyglass's second film after Instinct , grossed $ 661 million at the global box office. By May 23, 2000, Disney took a 10% equity stake in Spyglass, along with Svensk Filmindustri of Scandinavia and Lusomundo of Portugal. On March 7, 2003, Spyglass Entertainment agreed to a four-year distribution output deal with Village Roadshow for Australia, New Zealand and Greece. On August 6, 2002, Spyglass Entertainment launched
195-405: The market for the first time or after an absence, such as intellectual property (manuscript, musical composition, invention, artwork, business idea, etc.) or real property (real estate). In the film industry , it is an agreement between a writer and an independent production company or between an independent production company and a film studio in which the potential buyer (producer or studio) of
210-403: The producer of Eli Roth 's Thanksgiving (released 2023)). On April 1, 2019, Lauren Whitney, the president of television for Miramax, took on the same position for Spyglass. Damien Marin followed Barber from MGM to be appointed Spyglass president of worldwide distribution and acquisitions on September 3, 2019. On April 16, 2019, Warner Bros. bought an equity stake in Spyglass, which signed
225-510: Was never finalized and the relationship was not working well. Thus on September 23, 2003, Spyglass instead made a similar deal with Sony Pictures . Spyglass did not move to the Sony lot, but to Murdoch Plaza in Westwood, Los Angeles . By March 25, 2010, Spyglass was acquired by Cerberus Capital Management . On December 20, 2010, Gary Barber and Roger Birnbaum became co-chairmen and CEOs of
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