He’s Baaaack! Ryan Kavanaugh Hired As Consultant By Relativity’s New Owners
UltraV Holdings, the investor group that now controls Relativity Media following a bankruptcy proceeding, has hired the company’s controversial founder and former CEO Ryan Kavanaugh as a consultant. The agreement also opens the door for him to take part in other ways in the company’s new iteration.
According to a lengthy asset purchase agreement (read it here) dated May 17 but filed over the weekend in U.S. Bankruptcy Court for the Southern District of New York, Kavanaugh… Read
Apple’s Jamie Erlicht & Zack Van Amburg Make Moves To Shake Up SVOD Scripted Space — Deadline Disruptors
Apple, which helped revolutionize the digital distribution of music with iTunes, is a relatively late entrant into the digital video-on-demand space. But its foray had been a long time in the making. "There has always been a fascination at the company with movie and TV content," says Tim Bajarin, president of marketing research consultancy Creative Strategies, who has covered Apple since 1981. "We know that Steve Jobs was very supportive of it. In 2010 when the iPad… Read
Alex Walton On Adding Endeavor Content Muscle To Sales Company Bloom — Deadline Disruptors
Bloom became more than the average foreign sales company last fall when Endeavor Content acquired a majority stake from co-owners Alex Walton and Ken Kao. While agencies have held cozy relationships with different sales agents in the past, this was the first to be openly and directly connected to a holding company that also owns a major agency. It didn't take long to see the benefits for Bloom: The company teamed with Endeavor Content to make Sundance's biggest… Read
Endeavor Content’s Chris Rice Out To Disrupt Production & Business Mechanics In TV — Deadline Disruptors
"We don't want to produce, that's not our goal," says Chris Rice, co-president of Endeavor Content. The content division of talent agency WME-IMG does, however, want to disrupt the mechanics behind production as well as find business where it historically does not exist.
Rice oversees the company's global TV and film team with co-president Graham Taylor. It is on the small screen that Endeavor Content has been making the most recent headlines, with a number of… Read
How 30West Is Fueling Indie Films & Progressive Media Businesses— Deadline Disruptors
Coming into its second Cannes Film Festival since Micah Green left his post as CAA Film Finance and Sales Group co-head to partner with Texas-based Dan Friedkin in 30WEST, the company has lived up to its promise as a disruptive force in the indie film space.
If it was initially hard to figure out 30WEST's place in the ecosystem, the plan is now becoming clear: Simply put, the company is something of a gas station, fueling the tanks of progressive companies, film and TV… Read
How AGC Studios Founder Stuart Ford Used His IM Global Exit To Build A Better Model — Deadline Disruptors
Long a charismatic wheeler-dealer on the Croisette as IM Global's principal, Stuart Ford returns to Cannes with a new company and a different mindset on how to best use the shifting landscape.
Ford didn't plan to build AGC Studios until he left IM Global in an acrimonious exit last August. The dispute was with Donald Tang's Tang Media Partners, who a year earlier bought IM Global for $200 million. But now, thanks to backing from Latin America's MediaNet Partners… Read
Quietly And Carefully, Chinese Mega-Corporation Tencent Holdings Sets Sights On Hollywood — Deadline Disruptors
Tencent Holdings, based in Shenzhen, China, is Asia's most valuable corporation, and the world's biggest and most valuable gaming and social media company. In 2017 it reported a net income of $11.5 billion off revenues of $38 billion, and more than two-thirds of the Chinese population use its messaging services WeChat and QQ. Honor of Kings, which it owns, is the top-grossing mobile game in the world.
And yet most people would be hard pressed to give you the names of… Read
Crown Prince Mohammad Bin Salman Lifts Saudi Arabia’s 35-Year Theater Ban, Sets Sights On Hollywood — Deadline Disruptors
In late 2017, a seismic shift began in Saudi Arabia, an ultraconservative and once-insular Kingdom, when it was announced a 35-year ban on public movie theaters would be lifted—and it wanted the world to know it was serious about entertainment. The bold initiative was sparked by Crown Prince Mohammad bin Salman Al Saud, heir to the throne and a progressive looking to diversify the Kingdom's economy.
The Crown Prince, or MBS as he's called, is known for his decisive… Read
Warren Buffett Says He Missed On Amazon, Google – Calls Cryptocurrency “Rat Poison Squared”
The Oracle of Omaha admits that his investment crystal ball was cloudy on at least two tech companies, Amazon and Google.
Speaking at the annual Berkshire Hathaway shareholder meeting on Saturday, Buffett said he bet wrong when it came to the technology giants, which represent two of the largest companies in the world. The meeting was held before a capacity crowd of approximately 20,000 at the CenturyLink Center in Omaha, Nebraska.
Buffett is considered one of the world… Read
Miramax Secures $300M Credit Facility Led by Bank of America Merrill Lynch and MUFG Union Bank
Miramax has secured a multi-bank revolving credit facility of $300 million in a five-year agreement that will help ramp up the studio’s production slate.
A lenders, led by Bank of America Merrill Lynch and MUFG Union Bank, will provide financing for Miramax to produce four- to six films a year and deficit finance two to three television series, the studio said.
"The credit facility allows Miramax to efficiently finance its current and future production slate as we shift… Read
STX Entertainment Files For Hong Kong Stock Exchange Listing
STX Entertainment, as has long been suggested would be the case, has filed for an IPO on the Hong Kong stock exchange. If accepted, the proposal would make Bob Simonds’ burgeoning studio the first U.S.-based entertainment company to go public on the Hong Kong exchange.
The company was valued at $1.5B last year, however, it has been reported previously that the company could be valued as high as $3.5B after the IPO. Since its inception, STX has been modeling itself to… Read
The H Collective: Sherryl Clark Hired As New Production President, Del Mayberry As CFO, Others Promoted
EXCLUSIVE: Sherryl Clark, who had served as a consultant to The H Collective, has now joined the company as its new President of Production while former FOX Networks Group veteran Del Mayberry has been hired as the company’s Chief Financial Officer. In addition, the company has moved other executives up. This all comes after a week of big announcements including a distribution and marketing deal with Sony Pictures Worldwide Acquisitions and the acquisition… Read