DIANA SET: The Oscar and Emmy-winning team Simon and Jonathan Chinn are set to produce what they say is the first theatrical documentary about Princess Diana. Ed Perkins will direct Diana, which will draw on thousands of hours of news reports, unseen footage and photographs of the princess, who died in a car crash in 1997. It will bow in the summer of 2022, with HBO and Sky scooping up rights. “Though we are telling a story which has been told and re-told many times, my aim is to reframe it for a modern audience and make it feel as fresh and relevant as it ever has. The idea of taking an archive-only approach will allow us to immerse audiences in the narrative as if it were being told in the present,” said Perkins.
YOU’VE BEEN TRUMPED SET: You’ve Been Trumped, the 2011 documentary following Donald Trump‘s efforts to build a golf course in the middle of a Scottish nature reserve, has been optioned for a TV series by Vertigo Films, Deadline reports. “I am thrilled to be working with Blazing Griffin and Montrose Pictures on bringing this astonishing and heart-warming true story to a world-wide audience. It’s a potent and shocking study of the corrupting and intimidating influence of power versus the sheer indefatigability and single minded spirit of ordinary decent people,” said Vertigo’s Allan Niblo.
AMC NETWORK SEES Q3 PROFIT SLUMP: AMC Networks said that profit in the third quarter fell amid the pandemic. Net income was $1.17 per share, for a total of $61.6 million, compared with $2.07 per share or $116.9 million year-over-year. Revenue tumbled 9% to $654 million from $718.6 million as distribution and advertising fell.
AMC THEATERS TO SELL STOCK: AMC Theatres is set to sell stock to raise fresh cash in a bid to stay afloat during the pandemic. The regulatory filing calculated that the 20 million shares, priced at a maximum offering price of $2.39 each, would raise $47.7 million, according to The Hollywood Reporter. AMC is struggling as box office receipts remain slow and many theaters remain shuttered.