Latest Business News

Review: In Hamish Linklater’s ‘The Whirligig’, Zosia Mamet Plays Another Bad-News Girlfriend

Zosia Mamet, the lethally annoying Shoshanna late of Girls, has braved some challenging stage roles, none more so than Trish in the world premiere of Hamish Linklater’s The Whirligig, which opened tonight in a New Group production at the Signature Theatre Center. Trish’s former best friend Julie (Grace Van Patten, Netflix’s Tramps) is dying a junkie’s death at home in the Berkshire Mountains, where her estranged parents can do little more than dance a jitterbug of… Read

Screenvision, A Major Cinema Advertising Player, Heads Toward Sale: Report

Screenvision Media, the No. 2 player in cinema advertising, is likely to be sold as soon as this summer. According to a report in the New York Post, the company’s current owner, private equity firm Shamrock Capital, has brought in investment bank Moelis & Co. to explore a possible sale. The paper’s sources said a deal would likely be valued significantly higher than the $375 million that rival National CineMedia offered for the company in 2014. That bid was squashed by… Read

How Megan Ellison Turned Annapurna Into A Powerful Mini-Major — Deadline Disruptors

In only a few short years, Megan Ellison—who started up Annapurna in 2011—has taken a small, vibrant, indie production company and methodically turned it into an impressive mini-major. Those in town are comparing Annapurna to the heyday of Harvey and Bob Weinstein's Miramax, which dominated the '90s, but a more appropriate analogy might be Orion Pictures, the prestige indie outfit of the '80s. Ellison is financing, acquiring and producing high-quality fare with… Read

Preliminary Talks Underway For New SAG-AFTRA Film & TV Contract

Preliminary discussions already are underway for a new SAG-AFTRA film and TV contract. Working groups met Wednesday and Thursday, and will meet again next week, to lay the groundwork for the negotiations, which are scheduled to start May 31, when the full negotiating committees from labor and management meet for the first time. The union's current contract expires June 30, so the two sides will have about a month to reach an agreement on a new pact. If so-called "pattern… Read

The New York Times And Newsguild In Face-off Over Newsroom Staff Cuts

Lines are being drawn in a face-off over proposed staff cuts at The New York Times. The Newsguild of New York on Friday afternoon circulated a member email responding to a morning memo from Times managers promising a plan by the month's end for a long-expected reduction among editors and others. "Of course, the Guild believes that downsizing—at a time when quality journalism and the New York Times has never been more important to this country—is a horrific idea," the… Read

Brett Ratner On RatPac As Filmmakers’ Guardian Angel & How “The Middle Has Fallen Out” At The Box Office – Cannes

“My dream as a kid was to make movies and I never imagined I’d have my own company and business,” filmmaker Brett Ratner said today about his film finance label RatPac Entertainment. The comments came during Winston Baker’s eighth annual Cannes Film Finance Forum. Since launching RatPac five years ago, Ratner is an anomaly in the business, a savior not just for the major studios but more so for filmmakers when their films are in need of cash — read Alejandro González… Read

Peter Bart: Brad Grey’s Big Ideas Failed To Catch On Amid Viacom’s Shifting Corporate Culture

Soft spoken but intensely focused, Brad Grey earned respect early in his career for his ability to close deals and make big ideas happen. In a business of sociopathic loudmouths, Grey shrewdly played the role of the quiet negotiator. While his rivals were manic, Grey was manipulative, fostering TV hits like The Sopranos or movies like The Departed and shaping important client careers. Grey died Sunday at age 59, just three months after Viacom terminated his 11-year run as… Read

FCC Kicks Off Effort To Roll Back Net Neutrality Rules

It’s game on in the fight over net neutrality. In a 2-to-1 vote along party lines today, the FCC authorized a Notice of Proposed Rulemaking to undo the 2015 decision to enforce open internet rules under Title II of the Communications Act. That empowers the agency to regulate the medium as a common carrier similar to phones. The FCC will seek public comment for 90 days — up to August 16 — and could vote on the matter as early as October. FCC Chairman Ajit Pai made it clear… Read

Roger Ailes, Still Polarizing: “He Wasn’t Perfect But I Loved Him”, Says George H.W. Bush

Pundits, politicians and Hollywood reacted – in wildly opposite and entirely predictable fashion – to the death today of former Fox News Chairman and CEO Roger Ailes. “He wasn’t perfect,” said former president George H.W. Bush, “but Roger Ailes was my friend & I loved him.” Said attorney Lisa Bloom, “Let all his victims now be ungagged for the full, true reckoning of his life.” FNC’s Bret Baier, Geraldo Rivera and Sean Hannity were among the first to share their thoughts… Read

Soundgarden’s Chris Cornell Committed Suicide, Coroner Says – Update

UPDATED with cause of death: Grammy winner Chris Cornell, whose band Soundgarden was a defining influence in the grunge sound that developed in Seattle in the ’90s, committed suicide by hanging, the Wayne County, MI Medical Examiner’s Office said Thursday in a statement provided to The Associated Press. A full autopsy report has not yet been completed, the statement added. Cornell was 52. The singer/songwriter was found dead following a concert Wednesday night at… Read

Roger Ailes & Fox News: A Legacy Of Cable Era Success, And Excess

Roger Ailes was a nationally known figure before 1996, when Rupert Murdoch hired him to launch Fox News Channel. But FNC will define the part of his legacy that he most coveted: The TV producer and political consultant wanted to be seen as a shrewd businessman — equal, if not superior, to his bosses at NBC and Fox. His record is mixed, at best. Ailes, who died today at 77, was no manager: He ran FNC as a fiefdom, demanding personal loyalty and success at any cost as he… Read

One Dead As Car Slams Into Times Square Pedestrians; NYPD Believes Collision Is “Isolated Incident”

Updates throughout, with police & mayor statements New York Mayor Bill de Blasio has set the Times Square injury count at 23, including the fatality of a young woman. He said the driver, identified as Richard Rojas of the Bronx, is a U.S. citizen and former member of the armed forces, that there is no indication of terrorism but that New York will beef up security at various locations out of “an abundance of caution.” None of the 22 injuries appears to be… Read