In this Feb. 10, 2014 file photo, actor Joel Kinnaman appears at the premiere of "Robocop" in Los Angeles. MGM is developing the sequel “RoboCop Returns” with “District 9” and “Elysium” filmmaker Neill Blomkamp to direct. The film will be a sequel to Paul Verhoeven’s 1987 original about a cyborg police officer in a crime-ridden Detroit. (Photo by Chris Pizzello/Invision/AP, File)
NEW YORK (AP) --
RoboCop is coming back. Again.
MGM is developing the sequel "RoboCop Returns" with "District 9" and "Elysium" filmmaker Neill Blomkamp to direct. The film will be a sequel to Paul Verhoeven's 1987 original about a cyborg police officer in a crime-ridden Detroit. It's to be based on a never-made spec script by the 1987 film's writers, Edward Neumeier and Michael Miner.
Two other sequels followed, in 1990 and 1993. MGM attempted a $100-million "RoboCop" reboot in 2014, starring Joel Kinnaman. It failed to kickstart the franchise, with $58.6 million in ticket sales in the U.S. and Canada, though it fared better at the overseas box office with $184.1 million.
Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)
DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.
The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.
The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.
DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.
"While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.
The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.
The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.
DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More
