Coming out of its second weekend, James Cameron’s Avatar: The Way of Water has banked an estimated $855.4M globally through Sunday. The sophomore session added $168.6M at the international box office in 52 markets for a $601.7M running cume.
06.12.2022 - 16:25 / deadline.com
EXCLUSIVE: Big Wheel Film & TV, the producer behind controversial Sky History series The Chop, has been restructured after running out of funds due to Covid-related challenges and the withdrawal of investment.
The UK outfit, founded by former Sky commissioner James Quinn, entered administration following advice taken and has been sold to a separate production company run by Quinn under a so-called “pre-pack” deal, with all creditors paid in full bar one.
The arrangement allows for a quick sale of a troubled company’s business or assets, meaning Big Wheel was able to continue trading, according to a spokesman.
Big Wheel will sit as a label within Up & Away Film Entertainment, which has a development deal with BBC Studios. Up & Away described the move as a “restructure that has brought both companies under one roof.”
Big Wheel appointed administrators in September, according to Companies House documents. Quantuma Advisory, the administrator, said in a report delivered to creditors in November that the “onset of Covid, withdrawal of investment and development deal offers and a cessation of the commissioning of projects” led to Big Wheel experiencing financial difficulty.
The report added that “despite the directors’ best efforts and following a review of financial circumstances it was clear that the company was struggling to pay its liabilities as they fell due”.
Big Wheel’s assets were valued at just £1 ($1.2), while the company had only £9,907 ($12,151) in the bank, according to the report.
The report made clear that the pandemic was a significant factor in Big Wheel’s troubles, stating that the company had been “thriving and was about to sign a contract which would have brought further significant funds into the
Coming out of its second weekend, James Cameron’s Avatar: The Way of Water has banked an estimated $855.4M globally through Sunday. The sophomore session added $168.6M at the international box office in 52 markets for a $601.7M running cume.
With strong and consistent mid-weeks, James Cameron’s Avatar: The Way of Water has crested the $600M mark worldwide. This comes after it rapidly passed $500M global earlier this week, following its $441.6M opening weekend. The current worldwide total through Wednesday is $609.7M including $426.8M from the international box office.
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James Cameron’s Avatar: The Way of Water has grossed $497.1M globally through Monday, well on its way across the half a billion mark worldwide when Tuesday’s take is tallied.
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