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Corporate Affairs

Latest Corporate Affairs News


EuropaCorp Moves To Reduce French Staff By 28% After Recent Losses

After posting an $83M net loss in its six-month financial results last month, and a $136M loss for the fiscal year ending March 31, 2017, Luc Besson’s EuropaCorp has begun a consultation procedure that could see the layoff of 22 employees. The company said it had initiated the process with its employee representative bodies on January 11 to set up a new organization in France. If the plan is adopted, it would leave 57 employees. The move “corresponds to the needs of the… Read


Jeffrey Katzenberg Seeks To Settle DWA Shareholders Suit With $4.5M Payout

A year and a half after Jeffrey Katzenberg was sued by DreamWorks Animation shareholders over a lucrative side deal from the 2016 $3.8 billion sale of the How To Train Your Dragon company to Comcast, the now WndrCo boss is trying to settle up. In a proposed deal filed earlier this week in Delaware's Chancery Court, Katzenberg has offered to pay $3.5 million into a settlement account to make the matter from a trio of investors go away. There is no indication in the… Read


Disney Doings: Bob Iger Compensation Dipped 17% In 2017; Two Tech Biggies To Exit Board

Bob Iger Mickey Mouse

Disney revealed in regulatory filings today that its chairman and CEO Bob Iger made $36.3 million in compensation in 2017, a 17% drop year-over-year. The news comes less than a month after Disney announced plans to acquire a majority of assets from 21st Century Fox in a mega $52.4 billion merger. The proxy made public Friday also said that two Silicon Valley-based board members — Facebook’s Sheryl Sandberg and Twitter’s Jack Dorsey — will not seek re-election to their… Read


Amazon Studios: Search For Top Job Focuses On Nancy Dubuc & Jennifer Salke

Jennifer Salke Nancy Dubuc

The search for the replacement for ousted Amazon Studios head Roy Price appears to be headed into the home stretch. Out of a pool of accomplished female TV and film executives who reportedly had been considered for the job, we hear two — NBC Entertainment president Jennifer Salke and A+E Networks president and CEO Nancy Dubuc — have emerged as leading candidates. We hear both are meeting with top Amazon executives, including chairman Jeff Bezos, this and next week. Salke… Read


NBC Sports Projects $1.4B In Ad Revenue From Super Bowl And Olympics

NBC, which had previously forecast a windfall north of $1B from its February broadcasts of Super Bowl LII and the 18-day Winter Olympics, now expects the influx to reach nearly $1.4B. That figure includes a likely record-setting day of revenue in the area of $500 million for the big game on Feb. 4 and lead-out This Is Us. The projections came from Dan Lovinger, EVP of ad sales for NBC Sports Group, during a media conference call this afternoon. Fewer than 10 spots–at… Read


Shout! Studios Names Former MTV Exec Brent Haynes Head Of TV Development

Shout! Factory

Shout! Factory’s new studio unit has named Brent Haynes, a veteran exec who once served as SVP of comedy and animation at MTV, as head of TV development. In the newly created role, Haynes will lead content development for TV and digital at Shout! Studios, including shepherding scripted series and production. The studio unit launched last November, signaling the company’s growth from a streaming service licensing film and TV content to an original content player as… Read


Turner’s John Martin Says He’d Love “A Little Clarity” On AT&T-Time Warner Merger; Hulu’s Randy Freer Shrugs – CES

Hollywood’s merger mania got its closeup at the Consumer Electronics Show, as Turner CEO John Martin and Hulu’s Randy Freer talked about the big pending deals that would reshape the media landscape. Martin responded gingerly to questions about the Justice Department’s lawsuit challenging the pending AT&T-Time Warner merger on antitrust grounds, expressing optimism that the $85.4 billion combination ultimately would close. “The deal was announced 15, 16 months ago,” said… Read


Landmark Sunshine, New York Film Mainstay, Will Fade To Black On January 21

Landmark has confirmed Sunday, January 21 as the date when the Sunshine art house will screen its final reel, Deadline has learned. The five-screen complex, which opened in 2001, has been a hotspot in New York for cinephiles and specialty distributors alike but will now make way for retail development. While the theater's exit has long been expected, the news adds to an already melancholy winter for the New York specialty film business. The Lincoln Plaza Cinemas on the… Read


Warner Bros Shakeup: Sue Kroll Segues to Producer Role, With Toby Emmerich Promoted; Blair Rich Upped To Head Global Marketing, Ron Sanders To Run Global Distribution

Big changes over at Warner Bros this morning with several promotions, appointments and transitions. Toby Emmerich is being promoted to Chairman, Warner Bros. Pictures Group, with full oversight now of Worldwide Theatrical Production, Marketing and Distribution. Previously, the New Line boss carried the title of President and Chief Content Officer. Sue Kroll, who joined Warner Bros in 1994 and has held the post of President of Worldwide Marketing since 2008, is… Read


Discovery Plans To Move Its Global Headquarters To New York City In 2019

Discovery Communications, which was founded in 1985 in Landover, Md., and has called nearby Silver Spring home since 2003, will relocate its global headquarters to New York City in 2019. While the company has long maintained a presence in New York on Third Avenue, plans call for a move into a new building with much greater capacity sometime in the second half of 2019. Suburban Washington, D.C., the company’s longtime base, will stay in the mix. The current media… Read


Hulu Reaches 17 Million U.S. Subscribers; Library Of 75,000 TV Episodes More Than Double Those Of Netflix And Amazon

At the start of a busy CES as well as a transformative period when Disney moves to take majority control of the company, Hulu today announced that it ended fiscal 2017 with more than 17 million total subscribers in the U.S. The figure, which includes all SVOD and live TV plans, represents an increase of more than 40% — or 5 million — since Hulu last reported subscriber numbers in the spring of 2016. Extrapolating for household populations and password sharing, the total… Read