Latest Business News

Serialized Storyteller Serial Box Signs With Janklow & Nesbit

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Serial Box, which produces serialized fiction in digital and audio form, has signed with Janklow & Nesbit Literary Associates. Co-founded by Julian Yap and Molly Barton, the company now aligns with the agency as its works are being gobbled up by book publishers. That includes a North American deal with Simon & Schuster for the first seasons of Bookburners, published this month; Tremontaine, which comes out in May; and The Witch Who Came In From The Cold, which comes out… Read

AwesomenessTV Founder & CEO Brian Robbins Exits

Mandatory Credit: Photo by Rob Latour/Variety/REX/Shutterstock (5731008bb)
Brian Robbins
Tune In! Variety's TV Summit, Los Angeles, USA - 14 Jun 2016

Brian Robbins, co-founder and CEO of AwesomenessTV, is leaving the multi-channel network after five years. AwesomenessTV became a fast-growing digital brand when Robbins and Joe Davola launched it as a YouTube Channel in 2012. A year later, the company was acquired by DreamWorks Animation for $33 million in cash in one of the largest deals of its kind at that time. Two years later, Hearst bought a 25% stake in the company for $325 million. AwesomenessTV’s ownership… Read

Disney Films To Show On Imax Through 2019 With New Distribution Deal

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Imax will continue to offer animated and tentpole films from Disney — including Star Wars: The Last Jedi, which will have scenes shot in Imax cameras — through 2019 with an extension of what they call this morning their “multi-faceted agreement.” In addition to supplying films for the large screen venues, Disney and Imax say that they will create “exclusive Imax marketing materials,” focusing on films shot with Imax cameras to fill its screens’ aspect ratios. Last year… Read

Donald Trump’s Walk Of Fame Star Vandal Gets No Jail Time

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Less than four months after taking a sledgehammer to then-candidate Donald Trump's star on the Hollywood Walk of Fame, Jamie Otis was sentenced today – and justice was not as rough on the admitted vandal as he was on the ex-Celebrity Apprentice host's five-tipped honor. Facing a maximum of three years in jail and $10,000 in fines, Otis pleaded no contest in L.A. Superior Court on Tuesday and got no time behind bars at all. Instead, the 53-year-old self-described activist… Read

Dick Clark Productions Sale To Wanda Group Slowed By Chinese Deal Limits

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Wanda Group’s $1 billion deal to buy Dick Clark Productions has been delayed — but not derailed — as a result of China’s recent effort to limit capital flight from the country. The early November pact is now expected to close in a matter of weeks as the companies grapple with controls that China’s Commerce Ministry imposed late last year on overseas deals of $1 billion or more. Former Guggenheim Partners president Todd Boehly's Eldridge Industries controls DCP, which… Read

Global Eagle Shares Dive As It Replaces CEO & CFO, And Delays Report

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The feathers are flying today at Global Eagle Entertainment, the airline entertainment and internet company founded by former CBS and Sony exec Jeff Sagansky and former MGM chief Harry Sloan. Its share price is down more than 29% in mid-day trading after it announced that CEO Dave Davis and CFO Tom Severson — who took the job in August — resigned, that it will miss the SEC’s March 16 deadline to file its annual report for 2016, and warned investors to “no longer rely” on… Read

Michael Paull Leaves Amazon To Become CEO Of MLB & Disney’s BAMTech

Mandatory Credit: Photo by Erik Pendzich/REX/Shutterstock (5198573cu)
Michael Paull - VP Amazon
'Red Oaks' Amazon TV series premiere, New York, America - 29 Sep 2015

Major League Baseball’s tech arm, BAMTech, just picked up an important free agent as it lured Michael Paull to become its CEO — leaving Amazon where he was VP of Digital Video. In March he’ll move to New York to take charge of the operation that’s co-owned by Major League Baseball Advanced Media, Disney, and the National Hockey League. He replaces founding executive Bob Bowman, who remains at MLB as President, Business and Media — a job that oversees the league's… Read

China Warns Korean Entertainment Giant That Its Part In U.S. Missile Deal Is “Playing With Fire”

Seoul, Korea - Mar 2016

Amid rising diplomatic tension with China over Seoul's decision to deploy the THAAD anti-missile defense system, Korea is facing challenges as an entertainment and shopping destination, the Korean Tourism Organization said today. The word comes on the heels of an editorial published by Chinese state media this weekend that warned Korean retail and entertainment giant Lotte Group that it is "playing with fire that could inflame regional relations." Lotte is Korea's… Read

Yahoo Agrees To $350M Price Cut To Keep Asset Sale To Verizon On Track

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Yahoo agreed to shave up to $350 million from the deal to sell its assets to Verizon, and accept legal liabilities from previously reported hacking incidents, as a price to keep the agreement on track, the companies said this morning. The new terms value the pact at $4.48 billion. The companies say they expect it to close in Q2. In addition to the price cut, Yahoo is responsible for half of the cash liabilities from any non-SEC related investigations or third-party… Read

Donald Trump Recruits H.R. McMaster As National Security Adviser

H.R. McMaster Donald Trump pick for Nstional Security Adviser

UPDATED with Trump tweet: If at first you don’t succeed… Donald Trump today chose Lt. Gen. H.R. McMaster to fill the National Security Adviser post left open after his first choice – Michael Flynn – was forced out last week. POTUS made the announcement this morning from his Mar-a-Lago resort in Florida. McMaster, who Fox News called “a warrior-scholar deemed an expert in counter insurgency,” is a career Army man who served in the Gulf War and wrote Dereliction of Duty, a… Read

Corrine Aquino Joins Rain Management Group

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Rain Management Group has brought on industry vet Corrine Aquino as a manager. Aquino, who was with the Mission Entertainment, began her career in entertainment working in the Motion Picture Literary department at CAA. She then segued to Bad Robot before moving back to NY to work in international sales at FilmNation Entertainment. A New York native, Aquino initially worked as a real estate tax accountant for Ernst & Young in Times Square for 2 1/2 years before moving to… Read

Anna Deavere Smith Wins George Polk Award For Career Achievement

Anna Deavere Smith

Anna Deavere Smith, a MacArthur “genius” whose skills as deep-dive reporter, canny mimic and social activist have merged in such ground-breaking theatrical works as Twilight: Los Angeles, 1992; Fires In The Mirror: Crown Heights, Brooklyn and Other Identities and the recent Notes From the Field: Doing Time In Education, has received the 35th George Polk Career Award, one of the top awards in journalism. Notes From The Field used in-depth interviews with politicians… Read