The hotel at 7370 Sunset Blvd., which was supposed to open earlier this year, is hard to miss: Just look for the tilting bright orange and purple walls with a giant “M.” Hard to believe it used to be the mundane Sunset Inn & Suites. The deal: The Moment Hotel’s Be Our First Date Offer takes 25% off the best available rate, which starts at $239 a night plus tax. The interior repeats the orange, purple, green motif as accent colors in its 39 rooms. And yes, there are tilted or sloping walls inside too.
E.T. the Extra-Terrestrial, which opened in theaters in 1982 with a $10 million budget , made just under $800 million, 80 times its investment. Although the math might look the same here, the difference is that the return on the Valley can be in billions of dollars, while Hollywood still talks in millions of dollars. Additionally, Hollywood has to split the box office costs with the theaters, though the industry makes still more on residuals from television, on-demand, DVDs and licensing. While venture capitalists are often looking for the companies with the biggest returns, film executives seem equally enticed by the prospect of a good narrative. You cant make a film in a garage, you need a great story and thats where it all starts, said Michael Burns , a film executive and vice chairman of Lionsgate .
Disruptions: Hollywood, or Silicon Valley: Where’s the Money?
Bad storytelling The Lone Ranger fills this bill — the story and the tone are all over the place. It’s stuffed full of stuff, this film, but nothing you remember after the final credits. 3. Wrong personnel Sorry to be mean, but After Earth has a story co-written and directed by Night Shyamalan; after The Village, Lady In The Water, The Happening and The Last Airbender everyone just gave up. Story idea from Will Smith and nepotism from Will Smith only compounded a certain smugness about the project that put everyone off. 4.