LMNO Sues Its Former Accountant For Fraud & Embezzlement
LMNO Productions, which is embroiled in a legal dispute with Discovery over a half-dozen reality TV shows, has filed a $10.5 million fraud and civil extortion lawsuit against its former accountant. The suit accuses Paul Ikegami of embezzlement, falsifying its books and attempting to extort $800,000 from the company.
The 20-page lawsuit, filed today in Los Angeles Superior Court (read it here), is just the latest twist in a tangled saga of intrigue and alleged duplicity… Read
#BoycottCinemark Erupts After Exhibitor Asks Aurora Victims To Pay $700K In Legal Fees
UPDATE, 8:31PM: The hashtag #BoycottCinemark filled social media pages today after it was reported that the nation’s third-largest exhibitor was seeking to stick a $700,000 legal bill to victims and surviving family members of the July 20, 2012 mass shooting at the Century 16 multiplex during a screening of Warner Bros’ The Dark Knight Rises.
Even California’s Lieutenant Governor Gavin Newsom was appalled at Cinemark’s legal maneuvers, tweeting out tonight:
Shameful! #… Read
Peter Bart: Conglomeration Is Snuffing Out Courage In Hollywood
As the Viacom melodrama nears its dubious climax, a growing sector of the creative community has come to accept this reality: bigger is not better. "Hollywood was far better off before the corporate giants annexed the studios and networks," argues one of the town's prominent players, who does not want to be identified because he works for a multinational.
Going back to the days of Steve Ross and Charlie Bluhdorn, Hollywood has always been suspicious of the conglomerators… Read
Apple Eying Possible Purchase Of Jay-Z-Owned Tidal Music Service: Report
Less than two years after its high-profile launch, music streaming service Tidal, run by rap music superstar Jay-Z, is reportedly in preliminary talks to be acquired by Apple. The two companies are in “exploratory talks” that may or may not result in a deal, according to the Wall Street Journal. If a purchase happens, it would greatly increase the catalog of Apple’s Apple Music streaming service, adding Tidal’s roster of exclusive artists and content to its already large… Read
Actors’ Equity Says L.A. Theatres Can Afford To Pay Minimum Wage
Actors’ Equity today fired back at the notion that smaller legit theatres in Los Angeles can't afford to pay their actors minimum wage. "How is it that the rest of the nation can afford to pay its actors who perform in small theatres, yet Los Angeles cannot?" the union asked in a statement.
The union is being sued by a group of actors and local theatre owners who claim that many small venues will go out of business if the union scraps its 99-seat waiver plan and forces… Read
Disney Prepares To Buy Stake In Baseball’s MLBAM Tech Operation: Report
Disney’s closing in on a deal to buy a one-third stake in MLB Advanced Media’s tech arm, BAM Tech, with a four-year option to buy another third, under terms that value the enterprise at $3.5 billion Bloomberg reports, citing “a person familiar with the matter.”
A deal would give the ESPN owner a stake, and possibly control, over the power behind independent streaming initiatives including WatchESPN, WWE Network, HBO Now, and Glenn Beck’s The Blaze TV.
Baseball’s 30 teams… Read
Carmike Investor Calls AMC Entertainment’s Deal Claims “Laughable”
Carmike Cinema’s No. 2 shareholder says it remains opposed to AMC Entertainment’s $1.1 billion (including debt) takeover offer — and urges fellow investors to also hold out for a higher price.
Carmike postponed a shareholder vote on the deal scheduled for this morning. AMC released a statement saying it’s not prepared to offer more, and might walk if the proposal is defeated at the rescheduled meeting on July 15.
That’s “implicit confirmation that Carmike's shareholders… Read
FBI Raiding LMNO Offices Amid Reality Producer’s Legal Battle With Discovery – Update
2ND UPDATE, 1:07 PM: Discovery Communications has released a statement suggesting that the FBI's probe of its dealings with its longtime show supplier LMNO Productions is focusing on LMNO's business practices, not Discovery's, as LMNO suggested in an earlier statement.
"Today, it has been reported publicly that federal authorities have executed a search warrant in connection with a criminal investigation at LMNO, one of Discovery's long-standing production partners,"… Read
Redstone Vs. Dauman Hearing Adjourns Without Decision
We’ll have to keep waiting to find out whether Sumner Redstone will undergo an independent examination to determine if he’s competent to run his media empire.
Massachusetts Probate and Family Court Judge George Phelan adjourned today’s hearing in a case pitting Redstone against Viacom CEO Philippe Dauman without ruling on key issues. They include whether Massachusetts is the right venue for the dispute and, if it is, whether there’s reason to believe the mogul is unable… Read
Starz Bringing ‘American Gods’ & ‘Ash Vs. Evil Dead’ To Comic-Con
Hot off its multibillion-dollar deal with Lionsgate, Starz is heading back to Comic-Con later next month with a new property and a veteran. No Outlander this year, but the cabler's American Gods and Ash vs. Evil Dead will be at the San Diego Convention Center on SDCC weekend.
Adapted from Neil Gaiman's acclaimed 2001 novel — a Comic-Con favorite — American Gods will be making its debut in Room 6BCF at 3:15 PM July 22. Gaiman, an EP on the 2017-premiering show, will be… Read
Redstone And Dauman Lawyers Still Debating Viacom’s Fate As Mass. Court Case Breaks
A Massachusetts Probate and Family Court hearing in a case that could influence the fates of Viacom and CBS has broken for lunch following hours of passionate arguments — but few hints from Judge George Phelan about how he might rule.
At issue is a motion by Redstone and his daughter, Shari, to dismiss a challenge that Viacom CEO Philippe Dauman and director George Abrams made to a May 20 decision ousting them from key positions in the family’s power structure.
Cinemark Wants Colorado Theater Shooting Victims To Pay $700K In Fees
Over a month after a state jury declared the nation's third-largest exhibition chain was not responsible for the fatal Colorado theater shooting at the Aurora Century 16 multiplex, Cinemark wants the victims to pay up.
With paperwork filed last week, the chain is seeking $699,187.13 in legal fees and other costs from the nearly 30 plaintiffs in the consolidated action. Those plaintiffs are victims and surviving family members of those killed in the July 20, 2012 shooting… Read