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Viacom Acquires 50% Of India’s Prism TV For $153 Million

Viacom Inc. Rings The NASDAQ Stock Market Opening Bell In Honor Of Viacommunity Day

Viacom has acquired 50% of India’s Prism TV Private LTD for $153 million, chief exec Philippe Dauman revealed Friday. The remaining 50% stake will continue to be owned by the Network18 Group, Viacom’s partner in the Viacom18 joint venture. Prism TV owns owns a number of regional entertainment channels in India, including ETV Bangla and ETV Gujarati. “Regional TV networks, and regional ad markets, are the next wave of growth in India. Having a strong national and broad… Read

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Rolling Stone Reviewer Peter Travers’ Status Shifts As Jann Wenner Sets New Editor From Company Stable

Paul McCartney and Jann Wenner

UPDATE Friday morning: Rolling Stone movie reviewer Peter Travers, one of the most familiar bylines in the industry, has been moved from staff to freelance status and reportedly isn’t happy about the demotion. Asked about the status of Travers, a 26-year RS veteran, Wenner Media spokeswoman  Kathryn Brenner told the Los Angeles Times, which first reported the situation yesterday, “I can confirm he is still with Rolling Stone. He is our movie critic now and will continue… Read

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Adam Driver, Rufus Wainwright Will Speak At Live TED Talks In New York

Adam Driver

The Public Broadcasting Service has joined with TED Talks — not for the first time — to present the first ever TED Talks Live in New York, a six-night event featuring the popular lecture series, short films and performances, that will run November 1 through 6 at the Town Hall, the history-laden Theater District auditorium. Speakers and performers who have signed on for the presentations include: Baratunde Thurston (host), Sara Ramirez (co-host), Adam Driver, Rufus Wainwrig… Read

Business

John Malone’s Liberty Global Increases ITV Stake To 9.9% In Latest Spending Spree

John Malone

John Malone’s Liberty Global has upped its stake in British broadcaster ITV to 9.9% from 6.4%. Liberty acquired its stake last July from Rupert Murdoch’s then BSkyB — now called Sky — for $824 million. ITV is the home of ratings juggernaut Downton Abbey and has been on an aggressive acquisitions spree of late. In June, the company acquired Boom Supervisory Limited, the holding company of Brit TV production banner Twofour Group. The seller was majority shareholder LDC, the… Read

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David Glasser Resigning As Weinstein Company COO After Seven-Year Run

7th Annual Produced By Conference - Day 1

EXCLUSIVE: David Glasser has tendered his resignation to the board of The Weinstein Company, which sets the stage for the COO to transition out of the company after seven years there. This has been an evolving situation after Glasser resigned; Bob and Harvey Weinstein and TWC’s Comp Committee initially continued trying to persuade him to stay on, but they have come around to the fact that that Glasser will move on after he helps to transition a replacement for the indie… Read

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Amazon Lands New Jeremy Clarkson Car Show

TOP GEAR

After weeks of speculation, Jeremy Clarkson has confirmed that his new car show has landed at Amazon, reuniting him with his former Top Gear colleagues James May and Richard Hammond. The series will air on Amazon Prime. Clarkson, whose BBC contract was allowed to expire after he assaulted Top Gear producer Oisin Tymon, confirmed the news on his Twitter feed. “I’m very excited to announce that Hammond, May and I have signed a deal with @AmazonVideo,” tweeted the outspoken… Read

Business

ProSiebenSat-Axel Springer Merger Talks End Without Deal

prosieben

The proposed mega merger between German TV giant ProsiebenSat and leading print group Axel Springer is off after talks between the two companies broke down. It is believed that concerns over anti-competition regulations were a factor. The deal, which would have been worth up to $16 billion, would have seen a daunting multi-media titan emerge. Worth over $10 billion, ProSiebenSat has a 28.9% share of Germany's free-TV market. Axel Springer, worth more than $5 billion, owns… Read

International

Sky Announces First Earnings Since Pan-Euro Merger; Profits, Customer Base Up

Sky_Deutschland

Pay TV giant Sky, in which Rupert Murdoch’s 21st Century Fox owns a 39% stake, announced its first earnings Wednesday since the UK’s BSkyB completed its acquisition of Sky Italia and majority interest in Sky Deutschland to create a European TV titan in a deal worth nearly $11 billion last November. The UK's largest pay TV company revealed operating profit in the year to 30 June was $2.18 billion, while profit before tax was up by 6% on an adjusted basis to just under… Read

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Jake Gyllenhaal’s ‘Demolition’ To Open 2015 Toronto Film Festival; Ridley Scott’s ‘The Martian’, Tom Hardy ‘Legend’ Among Galas

Tiff Featured Image 3

Canadian filmmaker Jean-Marc Vallee’s Demolition, starring Jake Gyllenhaal, Naomi Watts and Chris Cooper, will open the 40th edition of the Toronto Film Festival. The fest announced its first titles today at a news conference presided over by TIFF director and chief executive Piers Handling and artistic director Cameron Bailey. The 40th edition of the festival kicks runs September 10-20 and will include a host of special events marking the four decades of the festival. Dem… Read

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Zodiak And Banijay Complete Merger To Create Pan-Euro Giant

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After weeks of speculation, Zodiak and Banijay have now confirmed their merger, in the process creating a pan-Euro production giant with revenues in the $1 billion ballpark. The new company will now have a footprint in more than 18 territories producing entertainment across a broad range of program genres including drama, reality, docu-drama, children's and animation. Banijay owns U.S.-based Bunim/Murray (Keeping Up With The Kardashians) and Stephen David Entertainment (Th… Read

Business

New York Magazine Site Still Down 12 Hours After Posting Cosby Cover

New York magazine

Shortly after New York magazine posted a cover story Sunday evening that features on-the-record testimony and photographs of 35 of the 46 women who now claim to have been raped or sexually abused by Bill Cosby, the magazine’s website went dark, apparently the victim of a DDoS — techno speak for “distributed denial of service.” Translation: The magazine’s servers were overwhelmed by traffic as a result of malignant software engineered by a hacker. The web attack made the… Read

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Golshifteh Farahani, Louis Garrel & Pierre Niney Board Atiq Rahimi’s ‘Ports Of Call’

Golshifteh Farahani

EXCLUSIVE: Golshifteh Farahani, Louis Garrel and Pierre Niney are attached to star in Atiq Rahimi’s Ports Of Call. The project is an adaptation of Amin Maalouf’s bestselling novel about two ill-starred lovers who meet in Paris during World War II: Ossyane, the principal narrator and Muslim Ottoman prince, and Clara, a Jewish freedom fighter from Vienna. Ports Of Call is a fable of madness and family ties, of love and despair, of mixed and uncertain identities set against… Read