Alvin and also the Chipmunks: Chipwrecked: Film Review

Vital Pictures chairman and Boss Kaira Greyhas signed a brand new five-year deal to stay using the studio until early 2017, a resource near to the studio confirmed.our editor recommendsParamount Boss Kaira Gray Buys $15.5 Million Apartment in NY's Carlyle Hotel (Exclusive) The founding father of management and production company Brillstein-Gray Entertainment was named Boss of Vital in 2005. It's been a large year for that studio: over Thanksgiving weekend Vital entered its record of $1.714 billion in annual domestic earnings. Gray continues to be accountable for new, lucrative franchises for studio -- Transformers, Paranormal Activity and G.I. Joe counseled me released on his watch. Gray has additionally introduced several large-title producers in to the Vital fold, including J.J. Abrams and Michael Bay, each of whom have first-look handles the studio. After trailing other galleries for a long time, Vital has increased ahead when it comes to box-office share of the market under Grey's leadership. In 2007, the studio shot to No. 1, consuming $1.5 billion in the domestic box office. It arrived No. 2 the following 3 years, even though it is running at No. 1 this season with $1.76 billion in domestic revenues (Warner Bros. follows carefully with $1.66 billion),though that achievement is partially because of disbursing others' films. Vital has already established success disbursing DreamWorks Animation movies, though that relationship is within question as Boss Jeffrey Katzenberg searches for other available choices in front of the finish of his company's alliance using the studio in 2012. Also, Vital has been doing well disbursing Marvel Galleries films -- including Iron Guy and Iron Guy 2, which together made $1.2 billion worldwide -- but Disney will release future Marvel projects after obtaining the organization for $4.24 billion last year. (The Marvel distribution deal was among Grey's initial moves at Vital.) At the start of Gray's tenure, Vital acquired DreamWorks for $1.6 billion however the companies separated in 2008 following a rocky tenure that survived a bit more than 2 yrs. (Vital ongoing to distribute DreamWorks films through 2009.) Gray created production company Plan B with Kaira Pitt and Jennifer Aniston in 2002. The organization includes a first-look cope with Vital. In November, Gray bought a $15.5 million co-op apartment in the Carlyle Hotel in NY, though his primary residence remains in Bel-Air. Email: Daniel.Burns@THR.com Twitter: @DanielNMiller PHOTO GALLERY: View Gallery Hollywood's Greatest Property Deals each week: Jennifer Lopez, Jim Wiatt, Kaira Gray Related Subjects Kaira Gray Vital Pictures