Latest Business News

Disney’s Bob Iger On ‘Pirates’ Ransom Demand: “To Our Knowledge We Were Not Hacked”

Seems that those alleged Pirates pirates might have been all bluster and no blunderbuss. Disney chairman and CEO Bob Iger said in an interview today that he doesn’t believe the threat to the high-profile summer tentpole Pirates of the Caribbean: Dead Men Tell No Tales was real. "To our knowledge we were not hacked," he told Yahoo Finance. "We had a threat of a hack of a movie being stolen. We decided to take it seriously but not react in the manner in which the person… Read

Casting Directors Will “Explore Every Option” In Effort To Unionize On Broadway

UPDATE 2 PM: Responding to the Broadway League statement regarding arbitration (see below), Local 817 president Tom O’Donnell told Deadline that the Hollywood studios had a similar response when the casting directors sought union recognition more than a decade ago. The studios said the National Labor Relations Board should  decide whether they would have to recognize the Teamsters as legitimate bargaining agents for the casting directors. But soon after, O’Donnell said… Read

Lionsgate Q4 Beats Street With Higher Earnings & Revenue

Lionsgate first full-quarter results since acquiring Starz for $4.4B late last year show its revenue and earnings beating Wall Street forecasts. The mini-major’s earnings for Q4, ending March 31, were $62M, or 30 cents per share; forecasts has pegged the EPS at 22 cents. It also posted revenue of $1.26B, above analyst estimates of $1.19B. The results included $89M in restructuring and other costs primarily associated with Lionsgate's December 8 acquisition and subsequent… Read

Viacom & Altice USA Announce Advertising And Content Distribution Pact

Viacom Inc. and Altice USA have announced a multi-year partnership that includes advanced advertising and content distribution agreements. The partnership combines Altice USA's unique audience data, multi-screen advertising platforms, measurement and analytics capabilities with Viacom's advanced advertising offerings to deliver local and national advertising across multiple screens, including TV, mobile, tablet and desktop. The companies say the content distribution… Read

Advertisers Exit Sean Hannity FNC Show As He Keeps Peddling Seth Rich Murder Story Elsewhere – Update

UPDATED with more ad pull-out: Several advertisers have pulled advertising from Sean Hannity’s Fox News Channel primetime show as he continues to push a conspiracy theory surrounding the death of a DNC staffer, though not on FNC for now. “Cars.com’s media buy strategies are designed to reach as many consumers as possible across a wide spectrum of media channels,” the company said in a statement. “The fact that we advertise on a particular program doesn’t mean that we… Read

Director Jerry Zaks On The Love Stories Behind ‘Hello, Dolly!’ – And Zero Mostel’s Mezuzah

Director Jerry Zaks already owns four Tony Awards and one of the most eclectic careers on Broadway. He does musicals: Smokey Joe’s Café, La Cage aux Folles. He does plays: Six Degrees of Separation. House of Blue Leaves. He does revivals: Anything Goes. The Front Page. All of those were in an almost bygone era. Today, he’s up for leading the revival of Hello, Dolly! which, as you may have heard, stars Bette Midler in a role that has prospective customers auctioning off… Read

Jerry Perenchio Dies: Hollywood Dealmaker & Former Univision CEO Was 86

UPDATED with statements from Alan Horn and Norman Lear: Jerry Perenchio, billionaire Hollywood mogul, former Univision Chairman and CEO and ex-business partner of Norman Lear, died Tuesday after a five-month battle with lung cancer, his family told the Los Angeles Times. He was 86. Perenchio began his decades-long career as a talent agent whose firm repped such stars as Andy Williams, Glen Campbell and Henry Mancini. As promoter in the 1970s, he was behind the historic… Read

WGA Ratifies New Film & TV Contract

Ratification of the new three-year WGA film and TV contract has been overwhelmingly — almost unanimously — approved by members of the WGA East and West, bringing to a close Hollywood's most contentious contract struggle in a decade. Of the 3,647 valid votes cast there were 3,617 "yes" votes (99.2%) and 30 "no" votes (.8%). There were 9,441 eligible voters. The term of the agreement is from May 2, 2017 through May 1, 2020. "Our success in these negotiations was due to a… Read

ICM Partners Ups Rich Green To Head Of Media Rights; Plumps Department

ICM Partners has upped Rich Green to Head of Media Rights, expanded the department and promoted four agents across Media Rights and Publications Departments. The announcement was made by Sloan Harris and Esther Newberg, Board Members and Co-Heads of ICM Partners' Publishing Department, and Kevin Crotty, Board Member and Partner. "Intellectual property is the lifeblood of media in all formats, said Harris, Newberg, and Crotty in a joint statement. “With Rich at the helm of… Read

Freeform Hires Tricia Melton As SVP Marketing

Veteran marketer Tricia Melton has joined Freeform as SVP Marketing. She will lead the creative marketing vision for the network and spearhead the strategic execution of marketing activities across linear and digital platforms. Melton also will oversee on- and off-air marketing in addition to integrated marketing, audience development, franchise and brand management and promotional partnerships. She replaces Nigel Cox-Hagen, former SVP Marketing, Creative and Branding, who… Read

Fox News Reveals “Smoking Gun” That They’re Spying On Andrea Tantaros, Claims Ex-Host’s Lawyer Amidst Sanctions Move By Newser

At this point, it feels like not a week goes by without some legal action related to Fox News Channel and this week is no exception, but today it is the cable newser that fired the latest salvo – and that has Andrea Tantaros' lawyer claiming Fox made his day. "I could not be happier about the strength of my case because Fox News has now handed me the smoking gun, evidence that they were electronically surveilling Ms. Tantaros' telephone conversations as late as April 21… Read

‘The Band’s Visit’ Sets Broadway Transfer Following Huzzahs, Awards

The Band’s Visit, a quietly powerful one-act musical that opened off-Broadway last December and became one of the most acclaimed shows of the season, will re-open on Broadway this fall. Previews are set to begin October 7  at the Ethel Barrymore Theatre, with the official opening November 9. David Cromer will reprise as director. Based on Eran Kolirin's ingratiating 2007 Israeli film comedy, the show features the best score yet from David Yazbek (Dirty Rotten Scoundrels, W… Read