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Latest Corporate Affairs News

exclusiveBusiness

Epic Pictures Co-Founder Shaked Berenson To Exit

Shaked Berenson Epic Pictures

EXCLUSIVE: Shaked Berenson, co-founder with Patrick Ewald of indie producer-financier-distributor Epic Pictures, is exiting the company. Berenson had produced and executive produced more than 30 films in the tie-up since it was founded in 2007. Epic confirmed Berenson’s departure, which comes as the company recently launched Dread Central Presents, its new horror label, following the acquisition of horror news and lifestyle site Dread Central Media. Its first production… Read

Film

Encore From July 25: ‘Detective Pikachu’ Switch Offers Clues To Legendary Move To Warner Bros From Universal

Legendary Warner Bros Universal

UPDATE: Just a reminder of when Deadline told you Legendary would be moving its deal from Universal back to Warner Bros, two and one half weeks ago. EARLIER: July 25, 2018 12:47 AM PST: Legendary’s move of Detective Pikachu from Universal to Warner Bros presages the same move for the Dalian Wanda-backed producer-financier, sources tell Deadline. We hear Legendary won’t renew when its five-year deal with Universal ends in December. The company is eyeing a return to Warner… Read

Business

MSG Networks Chairman James Dolan Writes Song About Harvey Weinstein

MSG Networks executive chairman James Dolan has a new song out with his band, JD and the Straight Shots, about Harvey Weinstein’s alleged predations. In the song’s lyrics, the chorus lyrics lament, “I should have thrown myself across his tracks/stopped him from these vile attacks.” Dolan is a longtime friend of Weinstein, who faces rape and sexual assault charges in New York. Dolan also served on the board of the Weinstein company, where Weinstein said of him,  "Jim Dolan… Read

TV

IDW Entertainment President David Ozer Exiting

IDW Entertainment president David Ozer is stepping down. His exit was announced Friday by Kerry McCluggage, CEO of IDW Entertainment parent company IDW Media Holdings, who says Ozer will be leaving the company to become an independent producer. "David has been with IDW Entertainment from the beginning and, along with his team, helped build IDW Entertainment into a thriving independent production company and we wish him well in his future endeavors," said McCluggage in a… Read

exclusiveBusiness

Fox Launches ‘FN Genius,’ An ‘HQ’-Style Mobile Trivia Game Tailored To Its Live Programming Push

EXCLUSIVE: Fox is rolling out an answer to the viral success of HQ Trivia. Its new mobile video game show, FN Genius, is already live in Apple and Android app stores and has been pitched in sales meetings since May. FN Genius will officially enter the spotlight this weekend with major promotions Saturday night and Sunday during The Simpsons. It will premiere on Sunday’s the Teen Choice Awards on the Fox broadcast network, according to sources with knowledge of the launch… Read

Business

Lionsgate Slips Past Wall Street’s Q1 Estimates As Starz Notches Subscriber Gains, Expands In Europe – Update

Lionsgate

UPDATED with executive comments: Lionsgate beat forecasts by Wall Street analysts for its fiscal first quarter, reporting Thursday a fully diluted loss of 4 cents per share of and total revenue of $932.7 million. Analysts had called for a loss of 7 cents a share and revenue of $885.1 million. The key metrics in the quarter ending June 30 represented a downturn from the year-earlier period, when the company reported earnings of 8 cents a share and revenue of $1.01 billion… Read

Business

Tribune Media Scraps Merger With Sinclair Broadcast Group, Files Lawsuit For Breach Of Contract – Update

UPDATED with Sinclair comments on merger’s end, share buyback. One of the highest-profile deals in the current go-go period for media M&A has fallen apart, a stunning turn of events for a merger that once seemed all but inevitable. Tribune Media said it has terminated the merger with Sinclair Broadcast Group, which was first proposed in May 2017, and will file a lawsuit for breach of contract, seeking compensation for all losses it incurred. “In light of the FCC’s… Read

Business

Tribune Media Seeks $1 Billion In Lawsuit Against Sinclair, Citing “Spectacular” Breach Of Contract – Update

UPDATED with Sinclair share buyback, comment on merger ending. Tribune Media released details of its lawsuit against Sinclair Broadcast Group. saying it is seeking $1 billion from the local TV station owner due to its “belligerent and unnecessarily protracted negotiations” with regulators, which it says doomed the $3.9 billion deal. The harshly worded complaint (read it HERE) was filed in Delaware Chancery Court this morning, as Tribune announced it was terminating the… Read

breakingBusiness

New Univision CEO Updates Investors On Dish Talks, Rebuilding Effort

Vince Sadusky, who replaced Randy Falco two months ago as CEO of Univision, briefed investors on his efforts to rejuvenate the Hispanic media giant in his first earnings conference call in his new role. The first extended public comments by the CEO, who is familiar with the U.S. Hispanic space from a prior stint as an executive at rival Telemundo, offered a directional snapshot of the company. While it is privately held, Univision releases quarterly results and holds… Read

Business

Viacom CEO Bob Bakish Makes Comeback Case As Company Returns To Spotlight: “A Lot Of Positives Going On”

Viacom

Stepping back into the spotlight, Viacom execs banged the drums for the progress they have made in turning around the legacy media company even as intrigue swirls about its past, present and future relationship with CBS. Ending a relatively quiet summer dominated by it former corporate sibling CBS due to the investigation of conduct by CEO Les Moonves, CEO Bob Bakish turned the quarterly earnings call into a one-hour sales pitch. Wall Street seemed to buy in, boosting the… Read

Business

Tribune CEO On Still-Vibrant M&A Climate, Post-Sinclair Strategy, WGN America Plans

In a conference call with investors this morning, Tribune Media CEO Peter Kern said the company will continue to look for M&A opportunities despite the demise of its long-gestating merger with Sinclair Broadcast Group. In the wake of the $3.9 billion deal’s end, which officially came this morning with the company’s filing of a lawsuit against Sinclair, Kern didn’t offer many specifics as to where Tribune goes from here. The sting of the outcome is still being felt inside… Read

Business

Univision Q2 Revenue Slides On Advertising Shortfall

Univision said total revenue dipped 2% to $749.8 million in the second quarter on a downturn in advertising, highlighting the challenge ahead of the privately held Hispanic media giant. New CEO Vince Sadusky has been remaking the company in recent months. He will address the status of the rebuilding efforts and discuss the quarterly results on a conference call later today. Net income inched up to $114.3 million from $106.1 million a year ago. But adjusted operating… Read