Filmmaker Ava DuVernay has checked off another milestone for black female directors. This week her film "A Wrinkle in Time" crossed the $100 million mark domestically, a first for a black woman. The film got a late-game boost playing as a double feature at drive-in theaters with the record-breaking "Incredibles 2" this past weekend.
DuVernay said on Instagram that she may be the first but will not be the last.
DuVernay was also the first black woman to get a budget of over $100 million to direct a film. "A Wrinkle in Time" cost around $103 million to make.
The Disney film has now grossed over $132.4 million worldwide, but with marketing costs well over $100 million, "A Wrinkle in Time" is also still not in the black.
Avid completes acquisition of Wolftech
Avid®, known for software solutions for professional media production, has completed the acquisition of Wolftech Broadcast Solutions, a leader in cloud-based multiplatform news planning, production and publishing solutions.
The acquisition enables Avid to combine its digital-first, end-to-end media solution with Wolftech’s expertise in story-centric workflow management. News organizations will be able to increase efficiency and accelerate story delivery through enhanced remote collaboration and multiplatform amplification.
Avid CEO Wellford Dillard stated, “Wolftech is unquestionably on the leading edge of where the industry is going, and this acquisition demonstrates Avid’s commitment to transform news, sports, and live production workflows. We are delighted to welcome Wolftech into the Avid family.”
Wolftech CEO Arne Berven added, “We were focused on finding a partner that could accelerate the adoption of our platform globally. We explored a number of possibilities, but when we talked to Avid, we knew it was the right match.”
The closing of the acquisition follows Avid’s announcement on October 7 that the company had entered into a definitive agreement to acquire Wolftech.
With this acquisition, Avid deepens the integration between the two toolsets while continuing to embrace an open approach in partnering with a wide range of media production tools and newsroom systems. Existing Wolftech customers will benefit from Avid’s global scale for customer support and professional services.
Ian Axton, head of production operations for ITV News, said, “As a customer of both Avid and Wolftech we’re excited about the benefits this acquisition will bring to our users and our business. Wolftech has transformed... Read More