Latest Business News

Lionsgate Will Add ‘Hunger Games’ And ‘Step-Up’ Attractions To Dubai Parks & Resorts New Entertainment Park

Hunger Games Mockingjay Part 1 Relaxes on its first Saturday

Lionsgate said Tuesday morning it will partner with Dubai Parks and Resorts to bring The Hunger Games to Motiongate Dubai, the Hollywood-themed park slated to open in Dubai in October 2016. The Lionsgate “zone” will feature rides and a retail facility inspired by the Hunger Games franchise. There will also be a live stage show based on Step Up: All In and Step Up: Revolution, the two most recent films in that franchise. "Our franchises are continuing to drive… Read

Michelle Phan Pushes Beyond YouTube With Endemol Beyond Online-Video Network

Michelle Phan

Michelle Phan, one of YouTube’s biggest stars who has aggressively built a burgeoning offline fashion and beauty empire, is now launching ICON, her own premium online-video network in collaboration with Endemol Beyond. Phan’s ICON Network is launching separate channels on a variety of “over-the-top” online-video platforms for both the United States and U.K. today. Phan is programming the network, which will feature original series from a range of experts and influencers… Read

Comcast Launches $4.1B Investment And Operating Company Led By CFO

Comcast

The firm, to be run by current CFO Michael Angelakis, plans to invest in, and help run, “growth oriented companies” in the U.S. and abroad, Comcast says this morning. The cable and broadband colossus will put up $4 billion of its capital — and be the sole outside investor for 10 years. “This is a time of tremendous change and opportunity in our core technology and media industries, as well as in adjacent business areas,” CEO Brian Roberts says. “We believe the ability to… Read

Want Full California Tax Credit? Bill Says Keep The Music Scoring Local

California Film & TV Credit Passes

A bill introduced in the California Assembly seeks to change the state's pending $330 million film incentives program by requiring that more of a film project's music scoring be performed in California to qualify for the full amount of the rebates being offered. Assembly Bill 1199 is being applauded by Musicians Local 47, but it remains to be seen if it has the backing of the MPAA or by state and local politicians, who might see it as a disincentive to film here. An MPAA… Read

Paramount Whistleblower: Emails Reveal Studio Officials Tried To “Freak Her Out”

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EXCLUSIVE: The Paramount Pictures whistleblower who accused the studio's longtime labor relations chief of embezzling union funds claims that the studio engaged in a "cover-up" and then terminated her in retaliation for reporting him. The studio denies it, but internal Paramount emails reveal that shortly after she blew the whistle, Paramount officials devised a plan to "try to freak her out," apparently in the hope that she'd accept a severance package and leave the… Read

Warner Bros Renews Redbox Distribution Deal With 28-Day Delay

RedBox DVD Rental Kiosks Involved In Pricing Dispute With Film Studios

Redbox customers once again will have to wait about a month to see Warner Bros home video releases. Following a three-month period without a distribution deal, the kiosk company and studio said today that they’ve agreed to a two-year renewal of a previous arrangement that enables Redbox to rent Warner DVDs and Blu-ray discs 28 days after they’re released. Since previous pact expired at the end of 2014, Redbox has acquired Warner Bros releases through third parties — which… Read

Steven Weinstock & Glenda Hersh Top True Entertainment And Original Media

Endemol Shine North America Grid Logo

True Entertainment co-founders Steven Weinstock and Glenda Hersh have been named co-presidents and co-CEOs of that company along with Original Media. The NYC-based Endemol Shine North America subsidiary production companies will continue to operate as separate entities, retaining their development and production teams, as well as their own brands. Weinstock and Hersh, whose True Entertainment was acquired by Endemol in 2003, have developed such unscripted fare as The Real… Read

Jane Street Producers Vote To Join WGA East After Company Brass Urged Against It

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Freelance producers and associate producers at Jane Street Entertainment have voted overwhelmingly to join the WGA East. Despite pleas from the company's owners to reject union representation, the freelancers voted 46-3 to join the guild, and the National Labor Relations Board now has certified the guild as their collective bargaining representative.  Guild officials say they now hope to sit down and negotiate a contract with the New York-based company, which produces… Read

NBCU Taps Eric Lerner To Run WNBC

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Folks at NBCUniversal are accustomed to seeing execs from Philadelphia rise in the ranks. But unlike most of those promotions, the new General Manager at WNBC, the company’s flagship TV station, isn’t a transplant from parent company Comcast. Eric Lerner, who runs Philly-based O&Os WCAU and WWSI (a Telemundo station), will take over the New York operation beginning April 13. He succeeds Michael Jack, who plans to retire after five years on the job. Lerner “has done a… Read

Sky Acquires Majority Stake In Jupiter Entertainment

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Leading Euro pay TV operator Sky has acquired a 60% stake in U.S. production company Jupiter Entertainment.  Founded in 1996 by Stephen Land, Jupiter Entertainment specialises in non-scripted programmes.  Its shows include Welcome to Myrtle Manor on TLC, Wild West Alaska for Animal Planet and Snapped on Oxygen. Jupiter recently formed a multi-year strategic partnership with Random House giving the company a first look at adapting the publisher's assets as non-fiction… Read

Anne Sweeney Becomes A Director At Netflix

Seoul Digital Forum 2007 - Media Big Bang!

Anne Sweeney said she wanted to be a director when she left her gig as co-Chair of Disney Media Networks. And today she is, but not in the way you might think: She just became a director at Netflix, which is beefing up its output of original series and movies. With her addition, plus that of Microsoft General Counsel Brad Smith, the Netflix board grows to nine members. “We look forward to benefiting from Brad and Anne’s perspective as we continue to build our global… Read

DreamWorks Animation Shares Score On ‘Home,’ But Is It Enough?

Weekend Box Office: 'Home' Leads 'Get Hard'

Home is where the heart is for DreamWorks Animation investors this morning: The studio’s shares are up more than 7% in pre-market trading following the successful opening weekend for its only major 2015 release. Home‘s $54 million domestic box office gross trounced the Street’s expectations for about $30 million and broke a streak of disappointments that included write-downs for Penguins Of Madagascar, Mr. Peabody & Sherman, Turbo, and Rise Of The Guardians. It was DWA’s… Read