But one of the casualties of this terrible investment strategy was Legend of the Seeker, whose American syndication market included a lot of Tribune television stations. The company remained in bankruptcy for four years before it emerged under new ownership (and some assets were sold off). Zell claimed he was a victim of circumstance but lawsuits allege there was fraud in the deal. Zell borrowed $13 billion to buy the Tribune Co.īy December 2009 Tribune had to file for bankruptcy. What Zell and the then executives and shareholders in Tribune did not foresee was the Great Recession of 2008-10. owned newspapers, television stations, and other assets. He targeted the Tribune Co., which was at that time a publicly traded company. But in 2007 a man named Sam Zell decided to buy a media empire. In fact, some weeks it was the top-ranked syndicated show in American markets. Not all the fans of the books welcomed the idea of a television show, but Legend of the Seeker went on to become a successful syndicated series. His rationalization was that a movie was too long to make and a TV show (built on self-contained episodic stories) would allow the addition of details to the fantasy world. Terry Goodkind then published an open letter to his fans, selling them on the idea of adapting his published stories to television.
ABC Domestic Television announced on Januthat they were producing a television series with Sam Raimi based on the books. Some years back Terry Goodkind licensed the film and television rights to his books. But let me back up a moment and explain a little history. Goodkind is a very popular author and his Sword of Truth books have forged a place in modern fantasy literature that will be a benchmark for future series. It’s a movie based on Terry Goodkind’s Sword of Truth novels. Some friends of mine are trying to get a movie made.
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