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Latest Business News

TWC Fund For Harvey Weinstein Victims Rises In Bidder Talks With NY AG

The fund set aside to by the potential new owners of the Weinstein Company to compensate victims of Harvey Weinstein’s alleged sexual misconduct has more than tripled today in discussions with the New York attorney general’s office. At meeting today with the Empire State’s top prosecutor and the investor group led by Maria Contreras-Sweet seeking to acquire TWC, one of the first orders of business once the pleasentries were over was to boost the victims compensation fund… Read

Global Scam Ravaging Hollywood: Silver-Tongued Imposter Poses As Top Female Producers To Catfish Victims

Hollywood Sign Phone Scam

EXCLUSIVE: An elaborate global scam is being perpetrated on below-the-line Hollywood professionals, some of whom have lost sums as high as $150,000. The victims find themselves seduced by the promise of a dream career job, offered most often in a call from a knowledgeable and very convincing woman claiming to be a powerful female producer-financier. The woman is an imposter who has used names that sources said include Gigi Pritzker, Sherry Lansing, Amy Pascal, Stacey… Read

Theater Licenser MTI Elevates Drew Cohen To Global CEO

Drew Cohen MTI

MTI, one of the world’s biggest theatrical licensing agencies, has named its president Drew Cohen as global CEO. The 15-year company veteran will take on both posts and comes on the heels of MTI’s recent expansion into Europe and Australia/New Zealand. Cohen will oversee domestic and international strategy for the company, continuing to develop business opportunities and strategic alliances in the U.S. and internationally. MTI chairman Cameron Mackintosh and Freddie Gersho… Read

YouTube Removes Conspiracy Video Smearing Parkland Student As Paid Actor

YouTube has removed a conspiracy theory video that alleged one of the students who’s been advocating for stricter gun laws in the wake of the Florida high school shooting is an actor. The action came hours after the tech site Motherboard reported that the video, asserting false claims about David Hogg, was among the top trending videos on YouTube. Hogg has been the subject of attacks and online smears in the days since the mass shooting at Marjory Stoneman Douglas High… Read

Arnold Schwarzenegger, Jason Blum, Kenya Barris & More Join Featured Speaker Lineup For SXSW 2018

Arnold Schwarzenegger Jason Blum Kenya Barris

As it nears its kickoff, South By Southwest has added more Featured Speakers to the list as Arnold Schwarzenegger, Blumhouse Productions brass Jason Blum, and Black-ish creator Kenya Barris have come on board. Also making their way the Austin-based fest, which runs from March 9-18, are Senator Bernie Sanders, who will be joined by CNN”s Jake Tapper, actress Dakota Fanning, CBS This Morning co-host Gayle King, and The Daily host Michael Barbar. In addition, Nonny de la… Read

Harvey Weinstein Wants Class Action Tossed; Cites Meryl Streep As Shield

Meryl Streep Harvey Weinstein

Disgraced and much accused producer Harvey Weinstein is seeking to have a sexual misconduct class action lawsuit against him thrown out of court and he's using some of Hollywood's leading ladies as a partial blunt object to get his way. "These proposed class definitions are fatally overbroad as to be not ascertainable," says documents supporting Weinstein's desire to have the RICO Act citing federal suit of late last year from Louisette Geiss, Katherine Kendall, Zoe… Read

MSNBC Alum Dylan Ratigan Running For Congress

“Straight Talk. Progress for the People.” That’s the tagline on Dylan Ratigan’s home page, below the words “Dylan Ratigan for Congress.” In the latest case of TV-meets-real world politics, the former MSNBC anchor has launched a bid for a seat in the U.S. House of Representatives. He is running as a Democrat against GOP incumbent Elise Stefanik in New York’s 21st congressional district, in the northern part of the state. The Saranac, NY, native was host of The Dylan Ratigan… Read

Federal Judge Deals Blow To Disney, Refuses To Issue Injunction Against Redbox


A federal judge dealt a blow to Disney’s efforts to stop Redbox from selling download codes for Disney movies, denying the Burbank studio’s request for an injunction. Disney sued Redbox in December, arguing that the kiosk company’s sale of download codes amounted to copyright infringement. It went to court to halt the practice. Redbox responded with a countersuit alleging that Disney’s home entertainment group was abusing its copyright to stifle low-cost… Read

Industry Abuzz Over Regal Shakeup Following Cineworld Acquisition

Amy Miles Steve Bunnell

EXCLUSIVE: We’re hearing from several sources in distribution and exhibition this morning that Regal Entertainment Group CEO Amy Miles, President and COO Greg Dunn, and SVP, chief content and programming officer Steve Bunnell are leaving the exhibitor as Cineworld closes its $3.6 billion deal next week to acquire the Philip Anschutz-controlled Regal. If the deal doesn’t close, then the trio will remain. Details are still unfolding, but the rumor is that Miles is being… Read

Broadway’s ‘Frozen’ Producer Thomas Schumacher Accused of Harassment, Bad Behavior: Report

Thomas Schumacher, the president and producer of Disney Theatrical Productions and the president of the Broadway League, has been accused by former employees of sexual harassment and misconduct. The allegations, made in a Wall Street Journal article today, arrive the day before the first Broadway preview of Disney’s Frozen. Schumacher’s position in the post-Disney Broadway firmament couldn’t be higher: He’s led Disney’s theatrical division since The Lion King, The Beauty a… Read

‘Today’ Takes Ratings Gold During First Week Of PyeongChang Winter Games

NBC's Today mothership show delivered its best first-week Winter Games advantage over ABC's Good Morning America since two Winter Games ago – Vancouver in 2010 – in overall crowd and in the key 25-54 demographic. NBC's Olympics-centric Savannah Guthrie/Hoda Kotb-hosted broadcast won the first full week of NBC's Winter Olympics across the board, including its biggest news-demo edge over GMA since Presidential Election Week. During Week 1 from PyeongChang, South Korea, Today… Read

Donald Trump Unleashes Base On Jeff Sessions With Tweet Demanding DOJ Investigate Obama In Russia Probe

Donald Trump

President Donald Trump’s fury about Attorney General  Jeff SessionsRussia-probe recusal has broken out again like a bad rash. This morning, Trump tweeted a "question" in which he wondered: "If all of the Russian meddling took place during the Obama administration, right up to January 20th, why aren't they the subject of investigation? Why didn't Obama do something about the meddling? Why aren't the Dem crimes under investigation? Ask Jeff Sessions!" It’s the President… Read