Turnaround (film industry term)
A turnaround or turnaround deal is an arrangement in the film industry, whereby the rights to a project one studio has developed are sold to another studio in exchange for the cost of development. Examples of films put into turnaround include: E.T. (from Columbia to Universal); Speed (Paramount to Fox); and Forrest Gump (sold by Warner Bros. to Paramount in exchange for the rights to Executive Decision and $600,000 in cash). In certain situations the option to a screenplay may have expired, and instead of renewing at one studio, the option will be renewed at another studio according to the terms of the deal. (more)
Genres: entertainment, movies
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Executive Decision:
Executive Decision is a 1996 action film, directed by Stuart Baird and starring Kurt Russell, Halle Berry, John Leguizamo, and Steven Seagal. The film was released in the United States on March 15, 1996.
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Columbia Pictures:
Columbia Pictures Industries, Inc. is an American film and television production company. It is part of the Columbia TriStar Motion Picture Group, which is owned by Sony Pictures Entertainment, a subsidiary of the Japanese conglomerate Sony. It has n
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Warner Bros.:
Warner Bros. Entertainment, Inc. (or Warner Bros., Warner Bros. Pictures) is one of the world's largest producers of film and television entertainment. It is a subsidiary of Time Warner, with its headquarters in Burbank, California and New York City.
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Universal Studios:
Universal Studios (sometimes called Universal Pictures or Universal City Studios), a subsidiary of NBC Universal, is a major Global American motion picture company. Its production studios are located at 100 Universal City Plaza Drive in Universal Cit
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Paramount Pictures:
Paramount Pictures Corporation is a major global American motion picture production and distribution company, based in Hollywood, California. Founded in 1912, It is the World's oldest running American movie studio in Hollywood, beating Universal Stud
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20th Century Fox:
Twentieth Century Fox Film Corporation (spelled from 1935 to 1985 as Twentieth Century-Fox Film Corporation), also known as 20th Century Fox, Fox 2000 Pictures, or simply Fox, is one of the six major American film studios. Located in the Century City
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Forrest Gump:
Forrest Gump is a 1994 drama film based on the 1986 novel of the same name by Winston Groom and the name of the title character of both. The film was a huge commercial success, earning US$677 million worldwide during its theatrical run making it the
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E.T. the Extra-Terrestrial:
E.T. the Extra-Terrestrial is a 1982 science fiction film co-produced and directed by Steven Spielberg, written by Melissa Mathison and starring Henry Thomas, Robert MacNaughton, Drew Barrymore, Dee Wallace and Peter Coyote. It tells the story of Ell
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Speed (film):
Speed is a 1994 American action thriller film directed by Jan de Bont set in Los Angeles. It focuses on police officer Jack Traven who tries to arrest an insane bomber/extortionist. After the bomber escapes, he sets up a bomb on a city bus which Trav
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Movie studio:
A movie studio (aka film studio) is a controlled environment for the making of a motion picture. This environment may be interior (sound stage), exterior (backlot), or both. In general parlance, the term is synonymous with "major film production comp
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