Paramount Gives G.I. Joe Its Official "Yo"
Sommers' adaptation gets the green light.Stephen Sommers' live-action G.I. Joe feature, getting the green light from Paramount has been half the battle -- and now, as IGN Movies reports, the battle is half won.
According to a report posted yesterday, G.I. Joe is good to go, with a rumored budget of $170 million, and filming scheduled to begin early next year. Sommers will direct, and take a production credit along with Bob Ducsay, Lorenzo di Bonaventura, and Hasbro's Brian Goldner. Despite earlier rumors to the contrary, Sommers will be directing from Stuart Beattie's script; later rewrites by John Lee Hancock, Brian Koppelman, and David Levien were scene-specific, and left the bulk of Beattie's work intact.
Recent speculation has had Paramount rushing into G.I. Joe due to strike concerns, but -- according to IGN's sources -- Joe is gathering steam for other reasons. From the article:
The most interesting piece of information we gleaned...is that Paramount isn't rushing G.I. Joe into production because of the looming Writers Guild strike, but rather -- as our sources claim -- because the studio stands to lose the rights to the property if it doesn't shoot soon. Hasbro and their reps at the William Morris Agency control G.I. Joe so if Paramount doesn't make the film within a specific window of time they could lose out on another potentially lucrative film franchise a la Transformers.
So the studio is still rushing the movie -- just not for the reasons everyone thought. Potato, po-tah-to. Meanwhile, speaking of the studios' strike contingency plans, Variety has posted an enormous list of pictures that are good to go in the event of a writers' walkout. There's no way we're going into it here -- suffice it to say that the studios aren't worried about the writers' strike impacting their release schedules. Yet. From Variety's report:
Unlike in television, which is far more exposed, the natural cycle of making movies means studios have had ample time to prepare for a walkout, whether by writers, whose contract expires at midnight, or actors, whose contract is up next summer.
"For now, it's a television strike, not a movie strike. Everybody has done their films for 2008 and part of 2009. It would need a very long strike, six or seven months, to have an impact," said one veteran industry player.
For more on G.I. Joe and what the studios have up their sleeves for the next couple of years, click on the links below!
Source: IGN Movies