Just spotted this one: Link to the full story. I'm guessing that Trek is probably too far along to shelve it at this point, but I'll be curious to hear what this ultimately means.
Actually, if you read the article carefully, there is a reference to "alternative sources of financing available to Paramount," so maybe it's no big deal after all.
The article does mention that the films affected are likely to be released as scheduled. Otherwise, we should pressure the Federal government to bail out Paramount along with FreddieMac and FannieMae.
I'm kinda pleased to hear they're spending so much on this film that it might actually cause them problems. Does anyone know if its being filmed on digital, or on traditional film?
But if the studio fails to revive the deal with another bank it could force Paramount to seek funds from Viacom, the media conglomerate that owns the studio, to produce the titles. This would expose the company to greater financial risk if the films fail to perform as expected. If STXI bombs Paramount will kill off the franchise for sure.
I followed your link and don't see any more article beyond what you've already quoted here; there's nothing at all to read (carefully or otherwise) about "alternative sources of financing". Is this additional content for the subscribed/registered only, or is there another link which "walk-ins" can use?
^ Thanks for the explanation, Vektor. Dennis' link, posted while I was writing my previous entry, also helps fill in some of the blanks. All in all, a nasty pothole in the road, but not likely to cause any great problems in the long run, it sounds like.
actually reading the new york times it seems this may have been Paramount's idea. and it wasn't close to being majority financing for the films. ny times ny daily news and they may have been getting wary of being on the sidelines near deutsche bank messes.. or maybe M & T are not the only group they have not been upfront about morgan Stanley also sees problems with DB variety confirms paramount walked away and co financing in place for several films including a certain trek film
sorry i missed this when i was working on my post. it seems to be the most balanced of theam all.. sorta in between the ft and ny times .