Word: creeks
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Since Robin Hood will start to break even when its booty reaches $80 million, the movie is likely to provide ample profits to finance Morgan Creek's eight other movies in various stages of production. Robinson, 56, attributes his success to swift decision making and the fact that his own money is on the line. He has invested about $80 million in Morgan Creek and has attracted $200 million from outside investors. "If studio executives lost 25% of their own money on a film," he says, "they'd make better movies." Robinson spent only 20 hours considering whether...
Robinson, a centimillionaire based in Baltimore, now spends three days a week in Los Angeles making movies -- almost all of them successful. In less than four years his independent film company, Morgan Creek Productions, has produced a sizzling track record of 10 profitable films out of 11 releases. That is a notable feat at a time when several independent filmmakers and two major studios, Orion and MGM, are verging on bankruptcy. Despite mostly negative reviews, Robin Hood took in nearly $26 million during its first weekend, the eighth best film opening of all time. Industry experts predict that Robin Hood...
...have got fleeced in Hollywood, Robinson put his own sweat behind his equity and teamed up with veterans like Joe Roth, who has since gone on to head 20th Century Fox Films. Robinson's new company, named after the 1943 Preston Sturges film The Miracle of Morgan's Creek, scored a hit in 1988 with its first effort, Young Guns. The company went on to produce such other moneymakers as Major League and Pacific Heights, as well as a dud, Coupe de Ville, which took in only $5 million at the box office...
...Morgan Creek has its lenses focused on more than just movies. The company has already produced MTV videos, toys, Nintendo games and hard- and soft-cover books. A Robin Hood sound-track album is the first offering from Morgan Creek Records, and a planned animated series will initiate a TV division...
CAPTION: MORGAN CREEK...