Turnaround (filmmaking) explained

Turnaround in filmmaking is the use of outside assistance to resolve problems preventing a film project from completing its development phase and entering the preproduction phase. A project stuck in development phase is said to be in development hell.

Background

The outside help needed to get a film project into turnaround may appear in the form of new money being invested into a project in development hell, or it might come along as another outside studio taking interest in a project which the original studio may find difficult to move forward into the pre-production phase. When an outside source takes over a film project from development hell in one studio and transfers the film project to another studio which is willing to invest further resources to move the project into pre-production, then the project is said to have gone through a 'turnaround'. The film project can now move forward out of development hell in one studio into the pre-production phase of filmmaking at another studio.

The term 'turnaround' is borrowed from business operations and management consulting where it is used to describe business ventures which are in some form of insolvency and require a 'business turnaround' or 'management turnaround' to become profitable and make a 'turnaround' in business performance. In the case of the filmmaking process, the transfer of the film project from development hell, at one studio, leading to the project receiving a green light to begin pre-production, at another studio, is referred to as a 'turnaround' for that film.

Informal descriptions

A 'turnaround' or 'turnaround deal' is occasionally used to describe an arrangement in the film industry whereby the production costs of a project that one studio has developed are declared a loss on the company's tax return, thereby preventing the studio from exploiting the property any further. The rights can then be sold to another studio in exchange for the cost of development plus interest.[1]

Examples

Michael Cieply defined the term in The New York Times as "arrangements under which producers can move a project from one studio to another under certain conditions".[2] Some examples include:

Notes and References

  1. News: The Murky Side of Movie Rights . Michael Cieply . 2008-08-23 . The New York Times .
  2. News: Studio War Involving 'Watchmen' Heats Up . Michael Cieply . 2008-08-29 . . 2008-09-01 .
  3. McDonald, Paul & Wasko, Janet (2008) Hollywood Film Industry. Malden, MA: Blackwell Publishing. p. 54
  4. Book: McBride, Joseph . Steven Spielberg: A Biography, Second Edition . University Press of Mississippi . 2011. 323–38 . 978-1-604-73836-0. Joseph McBride (writer).
  5. News: Deborah . Caulfield . E.T. Gossip: The One That Got Away? . . July 18, 1982.
  6. Web site: Koknow . David . How Back To The Future Almost Didn't Get Made . . June 9, 2015 . July 14, 2016 . https://web.archive.org/web/20160726055320/http://www.esquire.com/entertainment/movies/a35559/back-to-the-future-production/ . July 26, 2016 . live .
  7. Book: Gaines, Caseen . [{{google books|plainurl=y|id=WgQbBQAAQBAJ}} We Don't Need Roads: The Making of the Back to the Future Trilogy ]. 2015. . New York City . 978-0-14-218153-9 .
  8. Web site: Fleming . Mike . Blast From The Past On Back To The Future: How Frank Price Rescued Robert Zemeckis' Classic From Obscurity . October 21, 2015 . October 22, 2015 . . https://web.archive.org/web/20151022204947/http://deadline.com/2015/10/back-to-the-future-frank-price-rescued-robert-zemeckis-classic-1201590119/ . October 22, 2015 . live .
  9. Web site: 'Dirty Dancing': Panned as a dud, but dynamite. The Inquirer. Rickey. Carrie. August 19, 2012. December 20, 2018. December 21, 2018. https://web.archive.org/web/20181221182540/http://www.philly.com/philly/entertainment/20120819__Dirty_Dancing___Panned_as_a_dud__but_dynamite.html. live.
  10. News: August 17, 1997. Kolson, Ann . The New York Times. 2.11. Fairy Tale Without an Ending.
  11. News: Bucklow . Andrew . Home Alone secrets revealed in Netflix show 'The Movies That Made Us' . December 4, 2019 . news.com.au. December 4, 2019. dead. https://web.archive.org/web/20200212233609/https://www.news.com.au/entertainment/movies/home-alone-secrets-revealed-in-netflix-show-the-movies-that-made-us/news-story/7dd4896680c9c157e18b7f4e264c418f. February 12, 2020.
  12. Web site: Danny Elfman presents his Tim Burton movie scores at Adelaide Festival . . 16 October 2014 . October 16, 2014 . live . https://web.archive.org/web/20141018183803/http://www.smh.com.au/entertainment/movies/danny-elfman-presents-his-tim-burton-movie-scores-at-adelaide-festival-20141016-116qbg.html . October 18, 2014 .
  13. Book: Salisbury . Mark . Cabin Boy and Ed Wood . Burton on Burton . 2006 . Farrar, Straus and Giroux. 978-0-57-122926-0.
  14. Book: Dawson, Jeff . 1995a . Quentin Tarantino: The Cinema of Cool . New York and London . Applause . 1-55783-227-7.
  15. Chargeurs engages in risque pic business . Variety. Williams. Michael. October 5, 1995. April 9, 2014.
  16. Prince, Stephen (2000) A New Pot of Gold: Hollywood Under the Electronic Rainbow, 1980–1989. University of California Press, Berkeley/Los Angeles, California.
  17. 'RECALL' IN NEW DIMENSION. 14 January 1997. Variety. 24 July 2019.
  18. News: Company Town: Carolco May Be Close to Restructuring. 14 February 1995. LA Times. 24 July 2019.
  19. Web site: Kassar signs deal with Paramount. 3 January 1996. United Press International. 25 April 2020.
  20. Web site: Carlco Pictures Contract . November 15, 1994 . April 25, 2020.
  21. Book: Thompson, Kristin . The Frodo Franchise: The Lord of the Rings and Modern Hollywood . University of California Press . 2007 . 25–35 . 978-0-5202-5813-6.
  22. Book: Sibley, Brian . Peter Jackson: A Film-maker's Journey . . 2006 . 0-00-717558-2 . London . 329–387 . Quest for the Ring . Brian Sibley.
  23. Sibley (2006), pp. 388–392
  24. The Lord of the Rings: The Fellowship of the Ring Appendices. DVD. . 2002.
  25. Web site: How Paramount missed out on making Twilight. Mark Harrison. 2021-01-21 . Film Stories. 2022-02-13 .
  26. Web site: Is the "Twilight" Witch Hunt over at Paramount? . 27 January 2009 . 29 November 2022 . 29 November 2022 . https://web.archive.org/web/20221129002904/https://www.thewrap.com/twilight-witch-hunt-over-paramount-1009/ . live .
  27. News: Dave McNary . New Summit unveils new projects . Variety . Reed Business Information . 2007-06-07 . 2008-02-18 . 2009-09-12 . https://web.archive.org/web/20090912120417/http://www.variety.com/article/VR1117964521.html?categoryid=13&cs=1 . live .
  28. News: Steven Zeitchik . Pattinson bites into 'Twilight' role . The Hollywood Reporter . Nielsen Business Media . 2007-12-26.
  29. News: Carolyn Giardina . Borys Kit . Stewart enters 'Twilight' zone . The Hollywood Reporter . Nielsen Business Media . 2007-11-16 . 2008-02-18 . https://web.archive.org/web/20081123034749/http://www.hollywoodreporter.com/hr/content_display/film/news/e3i76626e51c49f8a0a6b92e0d4c7e5a3ea . 2008-11-23.
  30. News: Cieply, Michael. Battle Over 'Watchmen' Surrounds a Producer. The New York Times. 2008-09-20. 2008-09-20.
  31. Web site: 'Argo': Too Good To Be True, Because It Isn't . 2023-06-21 . npr.
  32. Web site: Mike Jr.. Fleming. Sony Animation Sets Lin-Manuel Miranda's 'Vivo' For 2020 Bow. December 14, 2016. Deadline Hollywood. July 15, 2019.
  33. News: Han . Angie . Lin-Manuel Miranda's Vivo Coming From Sony in 2020 . October 8, 2019 . . December 14, 2016.