Language Selection

English French German Italian Portuguese Spanish

M$, Universal and Fox see light in Halo

Filed under
Movies
Gaming

Microsoft and the Creative Artists Agency have reached a tentative agreement with Universal and Fox for the film rights to the Xbox video game "Halo."

The deal was reportedly a major step down for Microsoft from its initial demands for a $10 million upfront fee and 15 percent of the studio`s first-dollar box-office gross receipts, the New York Times reported Friday. The company had also sought a large amount of creative control, insisting on approval over the cast and director and a budget reaching at least $75 million, not including the fees for the actors and director.

The deal with Universal and Fox would award Microsoft no more than $5 million for the film rights and only 10 percent of the first-dollar box-office gross receipts, the Times said. Universal would oversee production and get domestic distribution rights, while Fox would get the foreign rights and have a say in production.

Negotiations were expected to continue Friday.

United Press International

In related news: Hollywood balks at Microsoft's 'Halo' pitch.

More in Tux Machines

U.S. Moodle Conference To Focus on Open Source in Education

The Twin Cities campus of the University of Minnesota will be hosting a Moodle conference sponsored by the main organization behind the Moodle project. "MoodleMoot US" will run Aug. 4-6 in Minneapolis and feature Moodle founder Martin Dougiamas as well as speakers from higher ed and K-12 sharing how they use open source tools, including the Moodle open source course management system, in education. Read more Also: Open source + big data = Apache: Big Data

Red Hat: Top 3 cloud barriers for NZ businesses

The Red Hat Cloud Adoption survey also revealed that many companies fear their applications won’t be suitable for deployment into IaaS or PaaS. Read more Also: Tech bubble will end badly: Red Hat CEO

The real road to democracy: how open source is sparking a revolution in enterprise

Forget the dotcom bubble burst of the noughties; never before has the promise of a digital economy ranked so highly in the global marketplace. Having faced significant downturns over the last decade or so, many economies – the UK, Portugal and Iceland, to name a few – have spawned a new wave of digital entrepreneurs. Those who perhaps found themselves out of a job, or facing unprecedented levels of competition for limited employment opportunities after education, have created their own jobs and companies, bringing new found energy and increased competitiveness into the enterprise sector. Read more

ALT Linux 7.0.5 Arrives with Active Directory Support and Linux Kernel 3.14.41 LTS

Andrei Cherepanov had the great pleasure of informing us about the immediate availability for download of the fifth maintenance release of the Russian ALT Linux 7.0 operating system. Read more