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Heir apparent: Colin Hanks, looking to make a splash

This post is one of several on business heirs apparent. Let us know in the comments whether you think Colin Hanks can live up his father's legacy, and be sure to check out the other heir apparent posts.

I wonder if Tom Hanks ever stops to reflect on how lucky his career has been. I mean, I know this has been said before, but I still can't get over the fact that one of the biggest celebrity thespians of our era first came to prominence on a goofy sitcom called Bosom Buddies. If it wasn't for some species of divine intervention, Tom Hanks would have been just another deep footnote of the '80s. Although some might consider Bachelor Party a classic -- I'm not sure who that would be -- Tom Hanks' actual breakthrough role came in Disney's (NYSE: DIS) Splash (here's a bit of trivia for you: Splash was the first film released by Touchstone Pictures). Years later, he would go on to star in some of the most memorable movies of our time -- Philadelphia, Forrest Gump, Apollo 13, and The Green Mile. Yep, we all know Mr. Tom Hanks.

But have you ever heard of his son, Colin? He was the product of Tom's first marriage to a lady named Samantha Lewes (she unfortunately passed away in 2002). Colin Hanks may not be as famous as his dad, but, according to his page at IMDB, he is an actor in his own right, and has done a lot of television work -- he's worked on Numb3rs, The O.C., and he's been on many episodes of the sci-fi show Roswell. And he's not doing too shabby in the movie business. He's appeared in King Kong, two other movies starring the one and only Jack Black, Orange County and Tenacious D in the Pick of Destiny, and the recent internet thriller Untraceable.

Continue reading Heir apparent: Colin Hanks, looking to make a splash

Amazon.com: M&A goes to the movies

In Hollywood circles, Amazon.com, Inc. (Nasdaq: AMZN)'s Internet Movie Database (IMDb) is a mega brand (the site gets more than 50 million unique visitors per month). Basically, it's the place to go if you want to know just about anything about the entertainment industry.

Now, Amazon.com is expanding things even further; that is, the company has agreed to purchase Withoutabox.

All in all, it looks like a nice fit. Basically, Withoutabox operates a platform that allows indie filmmakers to submit their work to festivals. There are also tools to help with promotion (especially online methods). The company, which got started in 2000, has a community of more than 150,000 filmmakers.

But, by now being a part of IMDb, Withoutabox should get a nice boost. And, with the Hollywood strike, maybe people will have more time to check out indie films -- which should be easier with this deal.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates DealProfiles.com.

Is Transformers worthy of a franchise?

Last week I blogged about the premiere of the long-awaited Transformers movie and how Susan Linn, a psychologist who co-founded the Campaign for a Commercial-Free Childhood, said the movie was improperly marketed towards children.

While Ms. Lind's complaint fell on deaf ears, Transformers rocked the box-office this week with $67.6M in the box office in its first weekend and $152.5M worldwide since its opening one-week ago today – beating the original Spider-Man with the biggest first-week revenues for a non-sequel.

The Wall Street Journal believes the Transformers debut, which research firm Merriman Curhan Ford & Co said was nearly twice as strong as the studio's expectations; has a strong chance of hitting $300M in domestic ticket sales.

Could this summer hit become a franchise?

Viacom, Inc. (NYSE: VIA)'s Paramount has been without a new franchise in nearly a decade. With key cast members Shia LaBeouf and others already optioned for another movie, will Transformers be their first? The answer has to be yes: Transformers 2 is slated for 2009, according to IMDB.com. Producer Lorenzo di Bonaventura is already in talks with director Michael Bay, who kept the movie down to a $150M price-tag, half the cost of Pirates and Spider-Man sequels.

Paramount has gone without a franchise for ten years and now has the opportunity to have three by 2008. The other potentials: The Spiderwick Chronicles, directed by Mark Waters, and a new version of Star Trek directed by J.J. Abrams, although that's already an established brand name. Sadly, neither of these directors compares to Michael Bay and his re-creation of the Transformers, but the potential for a franchise is there.

While Transformers fans will wait in agony over the next two years for a sequel, Viacom's Paramount looks to be sitting pretty with dreams of being in franchise heaven. Keep an eye on the big screen to find out if Paramount's dreams come ever true.

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Last updated: November 27, 2009: 04:14 AM

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