Bloomberg interviewed Manatt's Lindsay Conner, co-chair of the firm's Entertainment & Media Practice, on how a potential loss on the summer thriller Pacific Rim could affect producer Thomas Tull's future movie plans.
Bloomberg reports that the July 9 premiere, along with Internet chatter led by Twitter praise from Kanye West, has raised box office forecasts for Pacific Rim, the first big solo project by producer Thomas Tull. The higher sales projections for the $180 million film suggest that Tull, who is trying to build an independent studio, will avoid a major loss.
"If Pacific Rim is less successful than Thomas Tull hopes, it won't change their long-term plan," said Conner, who specializes in entertainment finance. "It will simply be a bump in the road."
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