According to Screen Rant, Miller has filed court documents asserting that it was Warner Bros. fault that the film went over budget, not his, and therefore he shouldn't be penalized by having his bonus withheld.
"Fury Road" seemed to be one of the biggest successes of 2016, the film is now causing problems for its distributor Warner Bros., with the company being taken through legal proceedings by the film's director, George Miller.
Additionally, Miller is also claiming that Warner Bros breached a provision of the contract that provided that if a co-financier was sought, Miller's company would have first opportunity to provide financing on terms comparable to similar financing deals.
"Justice David Hammerschlag said the agreement to make Fury Road included a condition that Kennedy Miller Mitchell would receive a $US7 million bonus if "the final net cost" of the movie was not more than $US157 million, after certain costs were excluded from calculations". A production total of $150 million was given to Miller's production company Kennedy Miller Mitchell, with a bonus offered if they managed to stay under that number.
Essentially, Warner Bros' calculations bring the movie over budget... resulting in no payment.
"If those costs are left out of account [Kennedy Miller Mitchell] says that Mad Max came in under budget". Miller himself has stoked that speculation on more than one occasion, revealing that he's got enough material for two sequels, the proposed title for one of them (Mad Max: The Wasteland), and even offering up information on who would and wouldn't be returning. Miller rejects this proposition, blaming a series of decisions which he alleges caused substantial changes and delays to the film.
A statement from Miller and Mitchell read that "we would much prefer to be making movies with Warner Bros than litigating with them but, after trying for over a year, we were unable to reach a satisfactory resolution and have now had to resort to a law suit to sort things out".
Mad Max: Fury Road, starring Charlize Theron, Tom Hardy, and Nicholas Hoult, won six Academy Awards at the 2015 ceremony, and it backed up its critical acclaim with a huge box office haul. He has a long history with the studio dating back to 1981 when they distributed The Road Warrior, a.k.a. Mad Max 2.
The production company also allege that Warner Bros. first said they'd approach them before confirming any additional budgetary needs; something they said never happened.
The institutional investor owned 41,685 shares of the company's stock after buying an additional 6,232 shares during the period. Out of 5 Wall Street analysts rating World Acceptance, 1 give it "Buy", 3 "Sell" rating , while 1 recommend "Hold".
He also called for a sharpening of strategies for addressing the challenges of basic and secondary education. Many have commended the move adding that the education sector needs such aggressive moves to sanitise it.
Ray Gerald L & Associates Ltd increased Wisdomtree Tr (HEDJ) stake by 15,565 shares to 41,215 valued at $2.57 million in 2017Q2. Kinder Morgan Inc Del now has $39.46B valuation. (NYSE:KMI) traded down 1.14% during trading on Tuesday, hitting $20.77.
Moreover, Guyasuta Invest Advisors has 0.66% invested in General Electric Company (NYSE:GE). (NYSE:MRK) for 1.14M shares. Bloom Tree Partners Llc bought 33,771 shares as the company's stock declined 18.44% while stock markets rallied.
United Kingdom-based Barclays Public Ltd Limited Liability Company has invested 0% in OM Asset Management PLC (NYSE:OMAM). RBC Capital Markets initiated OM Asset Management PLC (NYSE:OMAM) on Friday, June 30 with "Outperform" rating.
Jennison Associates LLC owned about 0.07% of Schlumberger N.V. worth $64,453,000 at the end of the most recent reporting period. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
Netflix Inc (NASDAQ:NFLX) was reduced too. 5,884 shares were sold by Emerson Daniel P , worth $451,185 on Friday, May 26. The stock has a market capitalization of $13,193.66, a PE ratio of 45.19, a PEG ratio of 3.35 and a beta of 0.82.
Equities research analysts anticipate that JetBlue Airways Corp. will post $2.14 earnings per share for the current fiscal year. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) has "Hold" rating given on Thursday, September 21 by Stifel Nicolaus.
The Annapurna Studio staff has tried to extinguish but there could not extinguish the fire and save the assets. Before the fire extinguishers came to the incident the movie set was completely burnt into ashes.
The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. The Williams %R indicator helps show the relative situation of the current price close to the period being observed.
Manana handed R100,000 fine
His sentencing was handed down in courtroom one at the Randburg Magistrates' Court this afternoon by Judge Ramsamy Reddy. He was replaced as deputy higher education and training minister by Buti Manamela.
Rio Tinto plc (RIO) Upgraded to "Buy" by Societe Generale
The brokerage now has GBX 4,400 ($57.87) target price on the stock, up from their prior target price of GBX 3,600 ($47.35). DekaBank Deutsche Girozentrale bought a new position in Rio Tinto PLC during the third quarter worth about $4,321,000.
Stock Intraday Alert: Delta Air Lines, Inc. (DAL)
Delta Air Lines presently has a consensus rating of "Buy" and an average target price of $63.39. (NYSE:DAL) for 85,550 shares. Short traders are feeling a little more bullish on Delta Air Lines Inc lately as inferred by the fall in short interest.
The Time Inc. (TIME) Set to Announce Earnings on Thursday
The media conglomerate reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.23. Bernstein restated a "market perform" rating on shares of Time Warner in a research report on Tuesday, September 12th.
Lamborghini Urus SUV Teased Ahead Of Reveal
Considering, how proactive Lamborghini has been in bringing cars to India, the launch in 2018 doesn't really come as a surprise. Lamborghini is also working on a hybrid variant of the SUV, but it will not make it to production before 2020.
Earnings Analysis Of Spirit Realty Capital, Inc. (SRC)
BidaskClub upgraded Spirit Realty Capital from a "sell" rating to a "hold" rating in a research report on Friday, July 14th. Schwab Charles Investment Management Inc. increased its position in Spirit Realty Capital by 8.8% during the first quarter.