While this morning is shaping up to be a slow genre news morning, there is some more Hollywood news to report. Just a few days after Paramount Pictures and DreamWorks officially confirmed their part of the ways (financial and distribution details being worked out still), MGM and The Weinstein Company have also decided to part company a full three months before it was due to end. Variety reports, the deal includes TWC taking back seven films to release on its own between now and the end of the year.
They include Kevin Smith's Zack and Miri Make a Porno, which opens Oct. 31, and the bigscreen adaptation of Cormac McCarthy's haunting tome The Road, which unspools Nov. 14.
Per the terms of the early exit, MGM will still release two titles from TWC's Dimension Films -- Bernie Mac-Samuel L. Jackson comedy Soul Men, opening Nov. 7, and Christmas Day sports drama Hurricane Season, toplining Forest Whitaker.
The three-year distribution deal between MGM and Harvey and Bob Weinstein's TWC was set to expire Dec. 31. The decision to exit the agreement early came after TWC signed its own pay TV output deal with Showtime, instead of relying on MGM's Showtime deal, a main impetus for the pairing with MGM.
"This transition was always anticipated and now it has been amicably executed," the Weinstein Co. said in a statement.
MGM said this: "When it became clear that the deal wouldn't be re-upped, TWC asked for its films back, minus the two Dimension titles, and we agreed."
Under the distribution deal, TWC paid for marketing and prints, with MGM taking a distribution fee for booking theaters. To read more about it, click here.
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