Cable's FX traps latest "Spidey"
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LOS ANGELES (Hollywood Reporter)- "Spider-Man 3" followed its record-breaking opening weekend with a rich TV deal.
In healthy bidding, FX has nabbed the rights to the film from distributor Columbia Pictures' sibling studio, Sony Pictures Television.
Observers say the price tag is tied to the movie's final domestic box office tally and could reach $40 million. The film earned a record $151 million during its first weekend at the North American box office.
Representatives for FX, which also owns the rights to "Spider-Man 2," and Sony TV declined comment on the deal Tuesday.
The five-year deal on "Spider-Man 3" is slated to begin in December 2009, following the film's pay window on Starz.
Sony TV has the option to carve out three windows during the length of the deal with FX for airings on broadcast networks. The studio is expected to take the film to the broadcast networks after it wraps its "upfront" presentations to advertisers next week.
With additional broadcast runs and a syndication window that would follow "Spider-Man 3's" second cycle on pay cable, the sequel's total TV revenue is expected to be in line with the $60 million-plus fetched by the previous two "Spider-Man" movies.
In 2004, "Spider-Man 2" was sold to Fox Broadcasting Co. and FX in a deal that was valued at about $50 million, with the possibility for extra broadcast/cable windows pegged at about $10 million.
Fox also has the rights to the first "Spider-Man" through a 10-year $60 million-plus deal shared with Turner Broadcasting's TNT and TBS.
Going aggressively after "Spider-Man 3" fits into FX's strategy to acquire big, broad feature films. For the past several years, the network brass have opted to add blockbuster movies to its schedule instead of reruns of popular crime procedural dramas -- a once-hot cable commodity that has cooled off.
Reuters/Hollywood Reporter
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Universal Pictures and Focus Features are owned by NBC Universal, a joint venture of General Electric Co. and Vivendi Universal; Sony Pictures, Sony Screen Gems and Sony Pictures Classics are units of Sony Corp (NYSE:SNE - news).; DreamWorks, Paramount and Paramount Classics are divisions of Viacom Inc.; Disney's parent is The Walt Disney Co.; Miramax is a division of The Walt Disney Co.; 20th Century Fox, Fox Searchlight Pictures and Fox Atomic are owned by News Corp.; Warner Bros., New Line, Warner Independent and Picturehouse are units of Time Warner Inc.; MGM is owned by a consortium of Providence Equity Partners, Texas Pacific Group, Sony Corp., Comcast Corp., DLJ Merchant Banking Partners and Quadrangle Group; Lionsgate is owned by Lionsgate Entertainment Corp.; IFC Films is owned by Rainbow Media Holdings, a subsidiary of Cablevision Systems Corp.
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Spider-Man 3 (2007)Peter Parker has finally managed to strike a balance between his devotion to M.J. and his duties as a superhero. But there is a storm brewing on the horizon. When his suit suddenly changes, turning jet-black and enhancing his powers, it transforms Peter as well, bringing out the dark, vengeful side of his personality that he is struggling to control. Under the influence of the suit, Peter becomes overconfident and starts to neglect the people who care for him most. Forced to choose between the seductive power of the new suit and the compassionate hero he used to be, Peter must overcome his personal demons as two of the most-feared villains yet, Sandman and Venom, gather unparalleled power and a thirst for retribution to threaten Peter and everyone he loves.
Release Date: May 4th, 2007 (wide)
Distributors: Sony Pictures ReleasingComing soon
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