Latest news with #ApolloCreed
Newsweek
16-05-2025
- Entertainment
- Newsweek
Michael B. Jordan Producing Creed Series for Prime Video.
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Entertainment gossip and news from Newsweek's network of contributors The first Creed spinoff series is entering production at Prime Video. The upcoming drama, titled Delphi, follows fledgling boxers training at the fictional Delphi gym. Michael B. Jordan and his company Outlier Society are producing the series, which is currently a Prime Video exclusive. According to reports, Outlier Society currently has a first-look film deal at Amazon MGM Studios, meaning if the show performs well it could lead to a big screen crossover. Michael B. Jordan stars in Creed 3 Michael B. Jordan stars in Creed 3 MGM The Creed trilogy, itself an offshoot of the six-film Rocky franchise, debuted in 2015. It follows Adonis Creed (Michael B. Johnson), the son of Rocky's first rival, Apollo Creed. Over the trilogy, we follow his rise from juvenile delinquent to world boxing champion, defeating his opponents and battling personal demons. Creed Box Office Creed has grossed over $660 million worldwide across three films, with each film increasing the box office earnings. Here's how much each Creed film has made. Creed (2015) - $174.2 million Creed II (2018) - $213.6 million Creed III (2023) - $276.1 million Delphi Boxing Academy, to give it its full title, exists in both the Rocky and Creed series. Operating out of Los Angeles, California, it was founded by Tony 'Duke' Evers, who trained the Apollo Creed there. Duke's son Tony Evers inherited the gym, and trained the son of Apollo Creed, Adonis Johnson Creed. Adonis is still at Delphi to this day, where he holds the WBC Heavyweight title. Delphi, which will air on Prime Video in 240 countries and territories, already has its showrunner and executive producer in Marco Ramirez. He previously acted as showrunner on another boxing drama: Hulu's La Máquina starring Gael Garcia Bernal, Diego Luna, and Eiza González. Outlier Society, meanwhile, is also developing a Muhammad Ali series called The Greatest. Delphi Release Date There is currently no release date for Delphi, but don't expect it any earlier than 2028.
Business Insider
14-05-2025
- Entertainment
- Business Insider
Ryan Coogler's deal to own 'Sinners' is a gamble that could still pay off big time
After years of making films based on existing IP like Marvel comics and Apollo Creed, Ryan Coogler finally made an original movie. It could pay dividends for the rest of his life. The unique terms of Coogler's deal with Warner Bros. for his genre-bending vampire movie "Sinners" give the 38-year-old filmmaker ownership of the movie in 25 years, putting him in rare company with the likes of auteurs like Jim Jarmusch and Quentin Tarantino, both of whom have landed similar deals. And with "Sinners" becoming a box office sensation — it's brought in over $200 million domestically, making it the second-highest grossing North American release in 2025 — Coogler could have his hands under a moneymaking faucet. "He's making a lot of money off it now and has the potential to make money 25 years from now through ownership," Jonathan Handel, a veteran entertainment and technology attorney with the law firm Feig Finkel, told Business Insider. "But he's rolling the dice." Will that gamble pay off, and how, exactly, could Coogler make or lose money on the deal? Though Handel hasn't seen the contract between Coogler and Warner Bros., he used his decades of experience writing contracts for directors and stars to walk us through some scenarios to explain what could happen when Coogler regains the rights to "Sinners." Deals like Coogler's come with creative control — but they're not a blank check There are various ways a filmmaker can come to own their own work. Some use a tactic known as a "negative pickup," in which the filmmaker finds the financing and makes the movie on their own, then sells the finished project to a studio, which distributes it and does the marketing. M. Night Shyamalan did this with Universal for the 2019 thriller "Glass," and most recently, Francis Ford Coppola did it with Lionsgate for "Megalopolis." Others self-distribute, side-stepping a studio or distributor and footing the bill for the entire release. For instance, Steven Soderbergh launched Fingerprint Releasing for the run of his 2017 heist movie "Logan Lucky," while Taylor Swift made deals directly with theater chains for the release of her Eras Tour concert movie in 2023. But it's exceedingly rare to get a studio to agree to give the rights of one of its movies back to the filmmaker after some period of time. Many of the auteurs who enjoy this perk got their start on the independent film scene, where the practice was more common. Jim Jarmusch has pushed to own most of his films, while Quentin Tarantino owns "Once Upon a Time... in Hollywood" because he made a deal with Sony that grandfathered him into the rights deal he'd had since the "Pulp Fiction" days with Harvey Weinstein at Miramax Films. Creatively, the deal was something Coogler said he needed. He previously told Business Insider that his only motivation for the deal was to emphasize the film's themes of Black ownership, as the two main characters, both played by Michael B. Jordan, set out to own a juke joint in the Jim Crow South before things take a bloody turn. Handel noted that by pushing for ownership in 2050, Coogler is literally and symbolically betting on himself, and the prospect that "Sinners" will still be in the public consciousness two-plus decades from now. "Coogler would have gotten more money up front if he hadn't pushed for ownership," he said. "You have to give something to get something in negotiation. So he's definitely betting that it will have value in 25 years." Coogler could score a major licensing deal if new technology changes how we consume movies after 2050 According to Handel, Coogler could really cash in if there's a major shift in the way we watch movies after he regains the rights to "Sinners." For example, if we're suddenly watching movies on an immersive 3D platform and "Sinners" is under the ownership of Coogler, he could take in millions landing licensing agreements to view the film in that format. However, if that technology becomes the streaming of tomorrow before the rights to "Sinners" revert to Coogler in 25 years, the director could miss out, either because Warner Bros. could choose not to convert the title to that platform, or because of something called a "holdback," in which the copyright cannot revert to Coogler until certain conditions are met. "In this instance, WB might do a holdback where there can be no new version created within five years of the rights reverting," Handel said. Though this is only a hypothetical, Handel said it's an example of the level of complexity that could be in the contract Warner Bros. and Coogler signed. Even if Coogler doesn't have the rights to 'Sinners' sequels, he could still cash in The ending of "Sinners" hints at a potential franchise, and 25 years from now, Coogler would be in control to do whatever he wants in building that out. But chances are, Warner Bros. would want a sequel — maybe even more than one — a lot sooner than 2050. When that moment comes, a lot of questions about payout will depend on who has the sequel rights. Reps for Coogler and Warner Bros. did not respond to a request for comment about who holds those rights. Even if Coogler doesn't have the rights to the sequels, Handel said he would still benefit. Coogler still presumably would have profit participation on any sequels, as he does on the first movie, and if Warner Bros. wanted to do any kind of box set 25 years from now, they would have to make a deal with Coogler to have the first movie involved. "He's got the upper hand, because if I'm Warners and I own the other pictures, I have to go to Ryan and do a deal with him," Handel said. So how much money could Coogler make once the "Sinners" rights revert to him? Reports from Matthew Belloni at Puck put that figure at about $1 million a year, based on the predictions of Hollywood insiders who focus on movie libraries and licensing deals. But Handel isn't confident that any figure can be put on the deal as of now. "To contend that you can make a prediction like that is fantasy land," he told BI, noting that there are too many unknown variables to predict what Coogler could earn from "Sinners" 25 years in the future. What he is sure of is that Coogler's deal has left the rest of Hollywood interested and intrigued: "The high-level directors are having conversations with their representatives about this."
Miami Herald
12-02-2025
- Business
- Miami Herald
What does a new deal with Aldi and Winn-Dixie mean for Miami shoppers? Here's a rundown
Winn-Dixie may have big challenges in its home state of Florida, but the Jacksonville-based supermarket chain has survived Publix dominance, a merger with Aldi, and, well, the price of eggs. Still, it fights on, the plucky Rocky to the others' mighty Apollo Creed. After a merger with discount grocer Aldi and the possible disappearance of the brand, Winn-Dixie and its Rewards card will live. There won't be as many Winn-Dixie markets after Aldi converts hundreds of them, but many will survive the merger deal. Aldi is selling back stores it doesn't want to a new consortium, including the current Winn-Dixie chief. This month a group of private investors, led by Anthony Hucker, the current CEO and president of parent company Southeastern Grocers, and the grocer's supply chain partner C&S Wholesale Grocers, acquired Southeastern Grocers and many of its Winn-Dixie stores back from Aldi. Aldi bought Southeastern Grocers in March 2024 and about 400 of its Winn-Dixie and Harveys stores. Aldi announced plans to convert hundreds of Winn-Dixie locations. Harveys Supermarket has about 10 stores in Florida in Jacksonville, Winter Park, Ocala, Havana, Lakeland and Lake City but none in the South Florida region. The conversion of Winn-Dixie stores into Aldi markets is still happening, but retail experts say the latest move is a strategic win for both brands. 'It seems Aldi sized up the opportunity, learned a little about what makes its supermarket competitors tick, then picked some prime locations to convert and turned the keys back over to people who are willing to run large food stores,' the trade site Grocery Dive said. MORE: Which Winn-Dixie markets will become Aldi stores in South Florida? Here's first list The grocery store back-and-forth doesn't involve Fresco y Mas, which was owned by Southeastern Grocers but went independent when Aldi bought the parent company. 'The purchase solidifies the grocer's continued legacy in the Southeast and aligns both leadership and ownership for reinvestment and growth in the organization,' Southeastern Grocers said in a statement sent to the Miami Herald. 'From the beginning, we shared that we intended for a meaningful number of Winn-Dixie and Harveys Supermarkets to continue to operate, and we're delivering on that promise while also supporting Aldi growth,' Aldi said, confirming it had divested about 170 of the stores that were not part of the conversion plans. Aldi said it's undergoing an 'ambitious five-year national expansion of 800 stores by the end of 2028.' Here is what the new twist in ownership may mean for the South Florida grocery shopper: What happens next with Aldi and Winn-Dixie? The agreement includes the acquisition of SEG grocery and liquor store operations under the Winn-Dixie and Harveys Supermarket names. Southeastern is now running those reacquired stores. How many stores: About 170 grocery stores in Florida, Alabama, Georgia, Louisiana and Mississippi, as well as the existing Winn-Dixie liquor store business are back in SEG possession. Aldi intends to complete its conversion plans of about 220 Winn-Dixie and Harveys Supermarket stores to the Aldi format over a three-year period expected to wrap in 2027. Some of these conversions are in South Florida. Neither Southeastern nor Aldi released a full list of the 220 stores remaining under Aldi's control. Converting South Florida stores We know of a few previously announced Winn-Dixie to Aldi conversions in Miami-Dade, Broward and Palm Beach counties among the 220 stores Aldi retains. At some point later in 2025 or 2026, these Winn-Dixie supermarkets will become Aldi stores: ▪ Aventura Winn-Dixie at 20417 Biscayne Blvd. ▪ Fort Lauderdale Winn-Dixie at 941 SW 24th St. ▪ Boynton Beach Winn-Dixie at 8855 Boynton Beach Blvd. ▪ Westlake Winn-Dixie at 5060 Seminole Pratt Whitney Rd. in Palm Beach County. 'In the meantime, Aldi and SEG leadership will continue to work together closely to ensure a smooth transition, with dedicated leaders overseeing the store conversion and hiring process. SEG will continue to operate the remaining stores identified for conversion in the normal course of business, with the same level of care and focus on quality and service, up to and until each respective store is closed for conversion,' Southeastern Grocers said. 'When stores reopen as Aldi, shoppers can expect a quick, easy shopping experience with great products at the lowest prices, saving up to 36% on an average shopping trip. For families of four in Miami, that means they can save up to $4,029 every year shopping at Aldi, compared to a traditional grocer,' Aldi said. We haven't verified that touted amount of annual savings. However eggs — the subject of much discussion due to rising costs and shortages linked to the nationwide avian influenza outbreak — on Feb. 4 were priced at $4.67 for a dozen large Grade As at an Aldi in the Hammocks neighborhood in West Kendall. Aldi's eggs were cheaper that week compared to competitors like Publix ($5.49) in Kendall's Palms at Town & Country shopping center and a Winn-Dixie ($7.39) on Coral Way in Miami. READ MORE: How much do eggs cost in Miami? When will we know which stores stay as Winn-Dixie? Southeastern Grocers hasn't publicly revealed the 170 regained stores it will control and potentially renovate. Southeastern Grocers statement: 'We will be informing our associates first of those decisions as they are finalized, and as market conditions permit. We will share this information with each community once our associates have been appropriately informed.' Will the remaining Winn-Dixie stores get spruced up? Some Winn-Dixie stores underwent renovations that were overdue. For instance, a faded strip mall location at the Sunset West Shopping Center at 8710 SW 72nd St. was remodeled and reopened in the summer of 2023. The 57,124- square-foot Winn-Dixie at 3275 Coral Way — with its attached liquor store that opened in 1990 in the space of the former Twin (and later Triple) Gables movie theater — is more than twice the size of the average 22,000-square-foot Aldi. Renovations of some of the 170 stores could get face lifts, the company suggested. Southeastern Grocers statement: 'We know that our success of the past several years was driven in part by spending the necessary capital to invest and remodel our store facilities, grow our liquor store business with additional locations, and add select new grocery store locations where we had the opportunity to do so within our footprint. Our plans provide for sufficient capital expenditures to be deployed to pursue these same investments going forward.' What about Winn-Dixie Rewards? Southeastern Grocers said it planned to continue Winn-Dixie's savings programs, including its Rewards app..
