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Latest Corporate Affairs News


Veteran Cirque Du Soleil Performer Dies After Fall During Tampa Show

Yann Arnaud, a longtime aerialist for Cirque Du Soleil, died after injuries sustained Saturday night in a fall during a performance of Volta in Tampa, Fla. The company’s official Twitter handle acknowledged Arnaud’s death in a Twitter post, calling the fall “a tragic accident.” Arnaud, a 15-year Cirque veteran, fell to the stage and emergency crews immediately rushed to administer treatment. He was then taken to an area hospital, the company said, where he later… Read


Desilu Exploring U.S. Public Offering After Acquisition Of Israel’s Vonetize

Desilu Studios, the production entity behind projects like V: The Movie, is exploring a potential public offering in the U.S. as part of its acquisition of Israeli tech company Vonetize. Execs at Desilu said Friday they had acquired a controlling stake in Vonetize, which provides streaming technology for major studios as well as distribution, security and monetization. News of the transaction sent Vonetize shares zooming up 83% on Sunday on the Tel Aviv stock exchange… Read


Disney CEO Bob Iger Could Earn Up To $423 Million In Compensation, Advisory Firm Says

Bob Iger Mickey Mouse

Disney CEO Bob Iger stands to be richly rewarded for his decision to postpone his retirement to 2021, according to a new analysis of his compensation package. ISS Analytics, the data analysis arm of the proxy advisory firm Institutional Shareholder Services, estimates Iger could earn up to $423 million over the next four years if he hits all the performance goals in his compensation package, according to Reuters. That would rank Iger among the decade’s highest-paid CEOs… Read


A+E Breezes Past Corporate Drama With Female-Focused Upfront Touting Brands

After a dramatic few days leading up to A+E’s splashy upfront presentation tonight, the cable programmer largely breezed past all of the corporate drama and put on a focused, 50-minute show emphasizing its networks’ strong bond with women. Abbe Raven, a 34-year A+E veteran who retired from the company in 2015 after rising from secretary to CEO, has just returned as acting chairman to oversee a search for outgoing CEO Nancy Dubuc’s replacement. (Dubuc announced Monday she w… Read


Conductor James Levine Sues Metropolitan Opera Over Firing, Claims Defamation

James Levine

Former Metropolitan Opera conductor James Levine filed a lawsuit in New York State Supreme Court today against the Met for breach of contract and defamation. The lawsuit arrives three days after he was fired by the company after an investigation found that he had  "engaged in sexually abusive and harassing conduct.” The lawsuit marks yet another chapter in the Levine saga. He was suspended in December following a report in the New York Times in which he was accused of… Read


Charter CEO Tom Rutledge Made $7.8M In 2017, A Big Drop From Prior Year

Tom Rutledge, the longtime cable TV executive who has led Charter Communications as CEO since 2012, made $7.8 million in total compensation in 2017, a sharp drop from his $98.5M haul in 2016. According to the company’s annual proxy statement filed with the SEC, a base salary of $2M was heavily supplemented by a $5.5M bonus and a few other small payments. In 2016, Rutledge reaped special benefits from a five-year contract extension and option awards valued at nearly $78… Read


A+E Networks Upfront Pitch Features All-Woman Lineup Of Presenters

A+E Networks plans an all-woman slate of presenters at its annual upfront presentation to ad buyers tonight at the New York Public Library. Toni Braxton will appear on behalf of Lifetime, as will Mallory Pugh and Queen Latifah. Marcia Clark and Leah Remini will represent A&E. Other presenters include Kristin Davis for Biography, Meg Gill for Viceland and Olivia Munn for History. "Over the last three years we have made a concerted effort to work with the best female… Read


Radio Giant iHeartMedia Files For Chapter 11 Bankruptcy To Restructure Debt


Reeling radio giant iHeartMedia has filed for Chapter 11 bankruptcy protection, saying it has reached an agreement with creditors to restructure $20 billion in debt. The bankruptcy filing lists total assets of $12.3B, on a consolidated basis, with total debts of $20.3B. While the Bob Pittman-led media company tried to position itself as a multi-platform entity with strength in social media, its heartbeat and profit center remained its portfolio of 850 radio stations… Read


Disney Announces Reorganization, Names Kevin Mayer Head Of New Direct-To-Consumer Unit, Adds Consumer Products To Bob Chapek’s Portfolio

Bob Chapek Kevin Mayer

The Walt Disney Co. announced a reorganization of its businesses as the company prepares to launch direct-to-consumer services and seeks to grow internationally. Kevin Mayer, who has served as Disney’s chief strategy officer, has named chairman of the new Direct-to-Consumer and International business segment — elevating the increasingly visible executive behind some of Disney’s biggest acquisitions to an operational role. "Kevin is a proven leader who has played a… Read


AT&T Rebuts Government Claim That Time Warner Deal Will Boost Customers’ Pay-TV Bill By 45 Cents A Month

In the latest salvos in AT&T’s legal battle against the government, which goes to trial on Monday, the parties squabbled over the Department of Justice’s claim that the acquisition of Time Warner will boost the price consumers pay for TV service. In a sealed motion, the DOJ said the telecom giant’s $85 billion deal will result in a 45-cent monthly rate increase due to AT&T’s strong distribution pipeline, especially top satellite pay-TV provider DirecTV. It also says… Read


AT&T CEO Randall Stephenson’s Pay Inched Up 1% In 2017 To $28.7 Million

Randall Stephenson, the CEO of AT&T who spent 2017 feuding with his frenemies in the administration of President Donald Trump, earned a total compensation package of $28.7 million, according to a proxy statement AT&T filed with the SEC. That was just a tiny bit more than the $28.4 million total package he took home in 2016. Senior EVP and CFO JohnStephens, saw his pay package rise 20% to just shy of $13.9 million. For Stephenson, the past year has been like a trip through… Read