FX snags TV rights for 'Green Lantern'
Though an opening of more than $50 million for Warner Bros.' "Green Lantern" was seen as a disappointment, it was strong enough for FX to open up its checkbook and snag the basic cable rights to the Ryan Reynolds flick.
FX is making a habit of gobbling up No. 1 movies. Other recent acquisitions include "Super 8," "The Hangover Part II" and "X-Men: First Class." The first two are also from Warner Bros. and "X-Men" is from FX's sister movie studio 20th Century Fox.
About the only summer smashes FX didn't buy were the latest "Pirates of the Caribbean" from Disney and Universal Pictures' "Bridesmaids" and "Fast Five." Disney's ABC Family secured "Pirates," while "Bridesmaids" and "Fast Five" are still searching for a home.
That "Bridesmaids" and "Fast Five" have not landed anywhere yet is not a reflection on them but rather on the other movies Universal is trying to package into any sale of those two hits. Those titles include "The Dilemma," "The Adjustment Bureau," "Sanctum," "Paul" and "Your Highness."
The price for the cable television rights to a movie is determined by box-office performance. Deals typically run about four years and the license fee is generally 10% to 12% of the U.S. box-office take. Usually, there is a cap of $200 million or so on the box-office take in determining the price.
-- Joe Flint
Image: "The Green Lantern." Credit: Warner Bros.