Latest Media News


‘Fatal Attraction’ Getting Reboot From Paramount As Event TV Series At Fox

Fatal Attraction

EXCLUSIVE: Lock up your rabbits. Paramount is rebooting its iconic thriller Fatal Attraction into a one-hour event TV series with Maria and Andre Jacquemetton (Mad Men) exec producing and writing.  The series is being developed under the auspices of Paramount Television Production. Fox Broadcasting Network is on-board and has commissioned the script.  Stanley R. Jaffe and Anonymous Content’s Rosalie Swedlin are exec producing. Fox’s president of entertainment, David… Read


Alibaba Pictures Signs China’s First Ever Bundling Deal With DMG And Hunan TV

Jack Ma

Jack Ma’s internet giant Alibaba Group has struck a deal with Chinese film company DMG and Hunan TV to bundle subscription-based Internet, cable and mobile entertainment, along with gaming, film and TV content, to Chinese consumers for the first time. The service will be offered to Hunan TV's six million cable TV subscribers first and then roll out across China, according to a filing made to the Shenzhen Stock Exchange. Both DMG and Hunan are listed there.  The statement… Read


Netflix Leads Pack In Relatively Strong Quarter For Media Stocks

NEW YORK, NY - JUNE 17:  Traders work on the floor of the New York Stock Exchange June 17, 2015 in New York City. The Federal Reserve announced no changes to interest rates, keeping them at zero as the U.S. economy slowly but steadily grows. (Photo by Eric Thayer/Getty Images)

Today marked the end of 2015’s second quarter and first half. And based on changes in stock prices for the companies we track most closely, Wall Street couldn’t get enough of the Netflix story. The streaming video company’s shares appreciated 57.8% in the quarter and 92.4% since the end of 2014. No one else came close. It was a relatively good time for industry stocks. The Dow Jones U.S. Media Index appreciated 3.3% since the end of March. That beat the Standard and… Read


Tegna Invests In Skype-Based Talk TV Platform Video Call Center

Talk Center America 1

This is an interesting deal for the TV company that was known as Gannett until last week. (That name moved to newly spun off newspaper and digital company that includes USA Today.)  Tegna just became an investor in Video Call Center (VCC), a technology platform from inventor and former analyst Tom Wolzien that makes it possible for broadcasters to juggle Skype video calls as easily and inexpensively as radio stations handle phone calls. The announcement comes one year to… Read


Vivendi Finalizes Deal To Acquire Video Site Dailymotion; Is This Another Step Towards Pan-Euro Netflix Rival?

Vincent Bollore Europe Media

Vivendi has closed a deal to acquire the French video sharing site Dailymotion, the media giant announced today. Exclusive negotiations first began in April this year. Vivendi has purchased an 80% stake from French teleco Orange for $241.85 million. The site, which offers a higher end, more B2B focus than the likes of YouTube, offers natural synergies with Vivendi’s other media assets Canal Plus and, particularly, Universal Music Group. The site also offers a potentially… Read


‘Star Wars’, ‘Avengers’ And ‘James Bond’ Boost Pinewood To Record Revenues


Pinewood Group, the holding company for the international network of studios and production facilities, announced record revenues today. The group, which has studios in Canada, Malaysia, the Dominican Republic, and Atlanta as well as the UK, has hosted Star Wars: Episode VII — The Force Awakens, Avengers: Age of Ultron and the latest James Bond film Spectre in recent months. Revenue for the financial year ending March 31 was $118 million compared with $101 million the… Read


Alain de Greef Dies: Canal Plus Co-Founder Was 68

Alain de Greef

French TV exec Alain de Greef, who co-founded pay TV giant Canal Plus, died Monday at the age of 68 of cancer. He was a pioneer of French TV, launching Canal Plus in the 1980’s along with Pierre Lescure and André Rousslet in the 1980s.  During his time at Canal Plus from 1986-2000, De Greef was in charge of Canal’s content firstly as director of production, then head of programs, and finally as director general. De Greef and Lescure first collaborated together on seminal… Read


Sony To Raise Almost $3.6 Billion In New Shares And Bonds, Share Price Plunges


Sony Corp plans to raise $3.6 billion via new shares and bonds to invest in new technologies such as image sensors and new growth business sectors. It would rep the first new share issue from Sony in 26 years, the conglom said on Tuesday. The unexpected move saw the company’s share price plunge by as much as 8% on investor fears the new stock will dilute per-share earnings. Sony expects to raise $2.62 billion from a public stock offering after a year in which its market… Read


Harvey Weinstein Toasts New York In Spain By Hosting July 4 Celebration At The U.S. Embassy

Simon Wiesenthal Center Honors Harvey Weinstein - Inside

Harvey Weinstein flew into Madrid this weekend to host a special July 4th tribute to his New York hometown on behalf of the U.S. State Department and the U.S. Ambassador to Spain, James Costos, a former top HBO executive. The event, the largest July 4th celebration held outside the U.S., saw Weinstein produce a one-off concert with some of Broadway’s biggest stars, including Tony Award-winning Laura Benanti (Gypsy), Norm Lews (Porgy and Bess), Jared Grimes (New York Spring… Read


Media Stocks Hit As Investors Ponder Potential Fallout From Greek Debt Default

stock trader

All of the major media companies we track lost ground today, and it had little to do with the industry itself: Investors worldwide braced themselves for a possible ripple effect across Europe if — as seems likely — Greece doesn’t pay $1.8 billion due tomorrow on the $367 billion it owes to the International Monetary Fund. The Dow Jones U.S. Media Index fell 2.1%. By contrast, the Standard & Poor’s 500 declined 2.1%, the Dow Jones Industrial Average slipped 1.9%, and… Read


Discovery & EuroSport Win Rights To Broadcast 2018-2024 Olympics


In a landmark deal, the Discovery Channel and Eurosport have been awarded all TV and multi-platform rights in Europe for the Olympic Games — both winter and summer  — for 2018–2024. In a deal believed to be worth $1.45 billion, Discovery announced it will become the sole rights-holder for the Games over the period. This marks the first time the Olympics have been awarded to a single broadcaster in a continent-wide deal. Traditionally, individual broadcasters in each… Read


Francis Ford Coppola Named President Of Marrakech Film Festival

Francis Ford Coppola

Francis Ford Coppola has been named president of the 15th Marrakech Film Festival. The iconic director follows peer Martin Scorsese, who was president in 2013, and Isabelle Huppert, who was president last year. "The Kingdom of Morocco is among my most favorite places on earth, and thus the Marrakech International Film Festival is a joy to attend,” said Coppola in a statement. “My paternal grandmother was born in North Africa (Tunisia) and I remember well the stories she… Read