Stalking Horse Bidder Lantern Capital Has Competition In Race To Ride Off With Weinstein Company Assets
EXCLUSIVE: Now that the clock has begun ticking on The Weinstein Company's 363 bankruptcy filed tonight in Delaware, does Lantern Capital have a clear path to take over the assets of the company?
Informed sources said the answer is not necessarily. Lantern starts this race in pole position as the “stalking horse,” but the bidding is just getting underway and there are numerous other parties that covet the TWC assets in different configurations. The bankruptcy judge’s job… Read
Shocker! MGM Chairman/CEO Gary Barber Leaving Company After Eight Years At The Helm — Updated
UPDATED 8:57 PM from previous 7:20 PM: Gary Barber was asked to leave as Chairman/CEO of MGM and MGM Holdings Inc. Its Board of Directors then immediately initiated what they are calling “a CEO transition” to begin looking for a new chief executive officer. Barber has served at the company for the past eight years, leading its growth, and still had four years left on his contract.
We were told by one exec that MGM Holdings ousted Barber over disagreements on strategy… Read
‘Big Little Lies’: Laura Dern Posts First Look At Season 2 Of HBO Drama
The big liars are back! Laura Dern took to Instagram to share a snapshot from season 2 of the Emmy award-winning HBO series Big Little Lies.
The image (see below) features Dern and her BLL co-star Reese Witherspoon sitting al fresco in front of Seaside Coffee Shop located in the Bay Area beachside community in Monterey. Dern included the caption, “Madeline and Renata are back. #BLL2.”
Dern is set to return as Renata Klein while Witherspoon will reprise her role as… Read
The Weinstein Co. Enters Stalking Horse Agreement With Lantern Capital
The Weinstein Co. has entered a “stalking horse” agreement to sell substantially all of its assets to the Dallas-based investment firm Lantern Capital in a transaction that requires the company to file for bankruptcy, as Deadline first reported.
The company filed for Chapter 11 protection from its creditors late Monday in Delaware, after trying unsuccessfully to sell the financially troubled company. The studio said hopes that an orderly sale will allow it to wring the… Read
Geoffrey Rush’s Defamation Case Rules Out News Corp’s Truth Defense
The Australia federal court has struck out large parts of News Corp’s truth defense in Geoffrey Rush’s defamation case.
The news comes after the Oscar-winning actor filed defamation proceedings last year in Australia's federal court, seeking damages from The Daily Telegraph which published allegations the actor behaved inappropriately towards a female cast member during a 2015 production of King Lear.
The federal court ruled in favor of Rush and ruled out New Corp’s truth… Read
Andrew Cuomo Orders Review Of Cyrus Vance’s Handling Of Harvey Weinstein Sexual Assault Allegations
Ask and you shall receive. Shortly after the Time’s Up advocacy group wrote an open letter to Gov. Andrew Cuomo to launch an “independent investigation” of Manhattan District Attorney Cyrus Vance in regards to his handling of the Harvey Weinstein sexual assault allegations, Cuomo called for a review of how he handled the charges.
The Time’s Up letter, which was endorsed by actresses including Jessica Chastain, Reese Witherspoon, and Julianne Moore, demanded a full review… Read
John Oliver’s Mike Pence-Trolling Bunny Book Steals Amazon Top Spot From James Comey
John Oliver’s book about Vice President Mike Pence’s family bunny, “A Day in the Life of Marlon Bundo,” hit the top spot on Amazon’s best-seller list Monday night. Meanwhile, while Pence’s own Marlon Bundo book, “Marlon Bundo’s A Day In The Life Of The Vice President” trailed at No. 5.
Oliver’s pushed from Amazon’s top spot sacked FBI Director James Comey’s book, A Higher Loyalty: Truth, Lies, and Leadership.
Pence’s publisher, Regnery Publishing accused Oliver of… Read
Stephen Colbert Mocks Donald Trump For Rookie Mistake In Andrew McCabe Firing
CBS Late Show host Stephen Colbert was not impressed by Attorney General Jeff Session’s move to fire former Deputy FBI Director Andrew McCabe Friday night – two days before his 50th birthday at which time he would have been eligible for his pension.
It’s cold, but it’s also not the right cold way to sack a cop.
“Wrong! If you want to get rid of a cop two days before his retirement, you send him out on one last job with a rookie,” Colbert scolded, stating the… Read
‘Sicario: Day of the Soldado’ Trailer: Benicio Del Toro & Josh Brolin Are Locked And Loaded For A New Cartel War
Just when you thought the drug war was over, a new trailer for Sicario: Day of the Soldado has been released and it looks like the cartels still aren’t getting along.
Benicio Del Toro reprises his role as Alejandro in the sequel to 2015’s critically acclaimed Denis Villeneuve-directed action drama. Academy Award-nominated Taylor Sheridan returns as the screenwriter for Soldado with Stefano Sollima in the director’s chair and a new roster of actors including Josh Brolin… Read
WGA Not Alone in Challenging TV Packaging Deals; 9th Circuit To Rule In Legal Case
Oral arguments heard last month in an anti-packaging case before the U.S. Ninth District Court of Appeals are drawing parallels to allegations made by the WGA, which has accused the major Hollywood talent agencies of monopolizing the packaging of scripted TV shows.
The WGA East and WGA West claim the packaging profits reaped by the top agencies pose an inherent "conflict of interest" to their fiduciary duty to represent the best interests of writers, and are preparing to r… Read
‘I Can Only Imagine’ Review: Faith-Based Music Biopic Of MercyMe’s Smash Song Hits All The Right Notes
I can only imagine why distributors Roadside Attractions and Lionsgate made the decision seemingly to hide, from most critics at least, their new faith-based film I Can Only Imagine. It became a surprise hit this weekend, making around $17 million, way over-performing estimates and earning an A+ CinemaScore audience rating. Apparently they had no faith themselves, at least as far as reviews go. Does this sound like a film where you try to keep critics at bay, especially… Read
Michael Ferro Exits As Tronc Chairman Amid Sexual Misconduct Allegations
Michael Ferro has stepped down as chairman of the Tronc board just hours before sexual misconduct allegations became public.
The controversial multi-millionaire, who led the drive to cut staff at the corporation’s publications while negotiating a $15 million consulting contract for himself, announced his plans to “retire” ahead of a Fortune magazine story detailing unwanted sexually advances by Ferro.
The article quoted two women with separate, on-the-record allegations… Read