(Image courtesy of Warner Bros. Pictures)
Skydance made waves across Hollywood yesterday by ousting DC Studios co-heads James Gunn (pictured below, left) and Peter Safran (right). Former Marvel Studios senior vice president of production and development Jeremy Latcham has been tapped to take over as DC’s new president and chief creative officer.
More details have surfaced in the days since the shake-up. TheWrap reported that Skydance CEO David Ellison has instructed Latcham to fast-track big-screen projects centered on DC’s A-list heroes and reunite the Justice League as soon as possible.
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Meanwhile, Variety offered new insight into the performance of DC’s current slate. Although last month’s "Clayface" carried a relatively modest production budget of roughly $44 million, sources estimated that its theatrical gross of just over $100 million would not be enough to break even. The film will reportedly need additional revenue from streaming, physical media, digital rentals and purchases, and licensing deals with television networks or other streaming platforms to recoup its costs.
Variety also noted that while HBO’s "Lanterns" earned strong reviews, executives apparently viewed its audience numbers as merely decent and felt the series failed to generate enough cultural buzz. As a result, it has yet to receive a Season 2 renewal.