The COVID-19 pandemic has destroyed cinema. That's the best way to put it. AMC is said to be out of reserve funds by the end of this year or beginning of 2021 and there is no sign of them getting to open up again (At least at full force). Filmmakers are pleading to Congress for funds to keep the industry afloat until they can get audiences back in the the theater. Only streaming services are seeing any kind of financial success and studios have been offloading a lot of their completed films to those services so they can keep the lights on. Paramount Pictures is a major example, having sold their award-potential film The Trial of the Chicago 7 to Netflix and now they have officially sold Coming 2 America, the direct sequel to the Eddie Murphy-starring comedic gem of 1988, to Amazon Studios.
In addition to the film itself the deal, which is rumored to be $125 million, reportedly will also give Amazon two key consumer marketing tie-ins with McDonalds and Crown Royal. The film itself will follow Prince Akeem (Played once again by Murphy) who discovers he has a song he never knew about in America just as he is set to become king of the fictional country of Zamunda. To honor the former king’s dying wish to groom his grandson as the crown prince, Akeem and Semmi set off to America to meet Akeem's street-savvy son, the Queens native named Lavelle.
Paramount Pictures is struggling to the point they might sell film rights in-house to CBS All Access and no doubt other studios will follow in a pandemic that has no sign of ending any time soon. Stay tuned!