A Chinese Impresario With Hollywood Roots Sets Her Sights On Broadway
Entertainment financier Ivy Zhong wants to bring a jukebox show by China’s biggest pop star to Broadway. Zhong splits her time between Beverly Hills and Beijing and is best known for orchestrating Galloping Horse Group’s majority acquisition of FX powerhouse Digital Domain for $30.2 million in 2012. Her newest venture, China Broadway Entertainment, took its first big plunge into American-style Broadway entertainment with a stake in An American In Paris, which won four… Read
Viacom Secures Data Leak That Research Firm Deemed Potentially “Catastrophic”
Viacom computers put at risk “a vast array of internal access credentials and critical data that could be used to cause immense harm to the multinational corporation's business operations,” cyber security firm UpGuard says today.
The media company “dodged a major bullet,” Chris Vickery, who’s director of CyberRisk Research at UpGuard, tells me. “There’s no limit on the amount of harm that could have been done….Somebody cut a corner somewhere.”
Indeed, he adds, “if a bad… Read
T-Mobile And Sprint Shares Rise On Report Of “Active Talks” About A Merger
Shares of Sprint and T-Mobile are up in midday trading following a CNBC report that the companies are in “active talks” about a merger.
They’re said to be looking at a stock-for-stock deal that would leave T-Mobile owner Deutsche Telekom in control of the combined company, with T-Mobile’s colorful CEO John Legere running operations. Sprint is controlled by Japan’s Softbank and would have a loud voice in the merged company’s affairs.
An agreement is “weeks away,” CNBC’s… Read
Will Paramount Replace Chinese Slate Partner With U.S. $$$? Dallas-Based Investors Circling
UPDATED, 10:25 AM: We hear the guy behind these talks is Dallas-based billionaire Tom Dundon, who made all his money in the subprime market. He was considered to be a possible back-pocket fix at Sony. One of the LStar funds was part of the Dundon funds and was run by Sam Loughlin, who did not get along with the Chairman of Sony Pictures Entertainment's Motion Picture Group Tom Rothman. Once Loughlin was out of the mix (he stepped out of Lone Star Funds in July), it was… Read
Herb Scannell Tapped To Be CEO Of Mitú, Latino-Focused Video Producer
Mitú, an English-language digital channel that targets young Latinos, may turn some heads today with the announcement of its new CEO: It landed Herb Scannell, a well-known exec from his history as president of Nickelodeon, co-founder of Next New Networks, and president of BBC Worldwide North America.
He will work in Los Angeles, where Mitú is based. Scannell may be best-known for his decade at Nickelodeon, ending in 2006, where he oversaw the creation of franchises… Read
‘Star Wars’ Will Receive Promotional Help From Tie-Ins With Six Major Brands
Six major brands including General Mills, Nissan, Verizon, and Vizio hope to feel The Force in December when Disney releases Star Wars: The Last Jedi.
The companies plus fashion designer Christian Louboutin and health technology maker Royal Philips plan “an extensive global promotional campaign” to support the movie, Disney’s Lucasfilm says today. They will include “specific, custom-designed campaigns and innovative programs” to “complement the overall marketing campaign.”… Read
Australian Court Dismisses Murdoch-Led Challenge To CBS Bid For Ten Network
CBS appears poised to win Ten Network Holdings after Australia’s Supreme Court dismissed a challenge to the sale raised by Fox Co-Executive Chairman Lachlan Murdoch and entrepreneur Bruce Gordon.
The nation’s No. 3 broadcaster filed for voluntary administration protection, similar to bankruptcy, three months ago after Murdoch and Gordon said they would no longer provide financial support for the struggling company.
Bids were supposed to have been due on August 25. Shortly… Read
Lachlan Murdoch And Bruce Gordon Bid For Network Ten Following Law Change
The battle over Network Ten, Australia’s No. 3 broadcaster, just intensified. Its largest shareholder, Bruce Gordon, teamed with Fox co-Executive Chairman Lachlan Murdoch to make a bid — possibly topping CBS’ announced plan to buy the company.
The Australian government cleared the way for the bid this week when it overturned its media consolidation restrictions.
The broadcaster filed for voluntary administration protection, similar to bankruptcy, three months ago.
NBCU Taps Claire Atkinson To Lead New Media Business News Team
The business of media business news is about to become a lot more competitive. NBCUniversal says this morning that it has hired Claire Atkinson to be senior media editor leading its first team to monitor the industry for NBC News, MSNBC and NBCNews.com.
The indefatigable former New York Post media business reporter will report to NBC News Digital Executive Editor Catherine Kim. The name of the unit will be announced “soon,” the company says.
"We're in a time where the… Read
Scripps Networks CEO Could See $91.6M Golden Parachute In Sale To Discovery
Scripps Networks CEO Ken Lowe could enjoy a $91.6 million golden parachute from his company’s agreement to sell to Discovery Communications, according to an SEC filing today.
His package would consist of $20.0 million in cash severence, $37.4 million in equity, $9.1 million from pension enhancements, $174,605 in benefits, and a $24.9 million tax gross-up.
Scripps shareholders will have a chance to air their view of the payout in an SEC-mandated advisory vote on the golden… Read
Les Moonves Snipes At Disney, Fox As He Talks Up Digital And International Plans
CBS is eying digital subscriptions and international expansion, at least based on CEO Les Moonves’ comments this morning at the Goldman Sachs Annual Communacopia Conference.
Indeed, he told investors that the growth of digital streaming helps to set CBS apart from the pack, mostly due to its strategy to produce shows for multiple platforms — including sometime rivals such as Netflix.
“When Bob Iger says ‘Oh, we’re going to be flat.’ Or Comcast says, ‘Our subs are… Read
Verizon CEO Says He Has “Moved On” From Eyeing A Cable Deal
Verizon isn’t interested in buying a cable operator, having determined that their fiber-optic line infrastructure “isn’t there,” CEO Lowell McAdam told an investor gathering this morning.
“We’ve moved on,” he said at the Goldman Sachs Annual Communacopia Conference. “For the future that we see, you're going to have to have deep fiber into the network…I'd rather just put in the fiber.”
That may quash the speculation that Verizon would try to pick up Charter Communications… Read