Studiocanal has hired Shana Eddy-Grouf as SVP of International Production and Development. She will be based in Los Angeles, looking to generate production opportunities for the European mini-major. She will also support Studiocanal’s U.S.-based producing deals with The Picture Company and Grand Electric Entertainment. Eddy-Grouf formerly spent 15 years as a senior agent at UTA, helping start the independent packaging department and increasing the agency’s international presence. She recently produced Drive, She Said starring Jason Biggs. The exec is the fisrt LA-based creative for Studiocanal.
South Korean cable television group C&M is going on the block. Local private equity firm MBK is at the head of a consortium that has owned 92.5% of C&M since 2008. Macquarie Group and Mirae Asset Management are also part of the consortium. A 2013 attempt to find a buyer for C&M was unsuccessful, a source told the Financial Times. But owners this time around are eyeing a deal in the $2.5B-$3B range. The Wall Street Journal says the bidding process could solicit combined bids from private equity groups and cable operators to fund an acquisition. The cable market is facing stiff competition from the internet as South Koreans, much like their Chinese counterparts, increasingly head online for video content and as telcos have stepped up their ownership to 43% of the pay-TV market. C&M is the 3rd biggest cable group in the local industry with 2.4M subscribers.