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AMC Entertainment Names Keri Putnam, Former Sundance Institute Head & Miramax Exec, To Board Of Directors
AMC Entertainment has rejiggered is board, announcing the election of two new directors and one who is exiting.
The former Sundance Institute chief and Miramax production president Keri Putman, a big advocate for independent film, as well as Dee Clark, who has worked in information technology at…
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1 Comments Comment on AMC Entertainment Names Keri Putnam, Former Sundance Institute Head & Miramax Exec, To Board Of Directors
Endeavor Selling Diamond Baseball Holdings To Silver Lake
Endeavor has struck a deal to sell its professional development league business, Diamond Baseball Holdings, to investment firm Silver Lake, Endeavor’s major investor, for $280 million.
DBL has been operating under Endeavor “to bring value to local minor league clubs affiliated with Major League Baseball through…
Silver Lake Invests $500 Million In Former Blackhall Studios, Now Called Shadowbox
Soundstage operator Shadowbox Studios announced a strategic $500 million investment from tech investor Silver Lake to help fund existing development projects in Atlanta, London and LA — projects with over $1.5 billion of expected capital investment.
Silver Lake will partner with existing investor Commonwealth Asset…
Twitter Stockholders Vote Against Board Member Egon Durban At Annual Meeting; CEO Parag Agrawal Mum On Musk Deal
Shareholders of Twitter voted not to approve Egon Durban's seat on the social media company's board of directors at its annual meeting. Durban, the co-CEO and managing partner of Silver Lake, was one of two directors up for election today for a three-year term.
He joined the board in 2020 after his firm agreed to…
Celebrity Mountain Lion P-22 Visits Silver Lake Once Again This Weekend
We’re not lyin’ – P-22 was back in the urban Silver Lake, Calif. area this weekend
The Los Angeles Times reports that the famed mountain lion (actually a male cougar) known by his federal wildlife tag of P-22, was back in heavily populated hipster haven Silver Lake, a residential and commercial section of Los Angeles…
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By Bruce Haring
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AMC Entertainment CEO Reflects On Wild Pandemic Year, Goodbyes To Stakeholders Wanda And Silver Lake
Dalian Wanda, which acquired AMC Entertainment in 2012, surrendered control of the struggling exhibitor as it issued and sold tranches of new stock to raise cash — diluting the stake of the Chinese conglomerate.
CEO Adam Aron confirmed the Wanda era was over although the company continues to be AMC largest single…
AMC Entertainment Set To Close Debt Exchange, Restructuring Amid Industry Uncertainty
AMC Entertainment Monday announced the results of a key debt swap as it nears the finish line of a financial revamp unveiled earlier this month that will help it stay viable through spring. The plan will slash debt, bring in $300 million in fresh cash and defer some interest payments.
The financing just became even…
Silver Lake Music Venue The Satellite Is Turning Back Into A Restaurant
One of the cultural landmarks of Los Angeles’s east side is being converted into a restaurant. The Satellite nightclub in Silver Lake, which has hosted Lady Gaga, Foo Fighters and many more prominent alternative and pop acts, is yet another victim of the pandemic.
The venue has been closed since March, joining other…
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By Bruce Haring
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AMC Entertainment Nears Debt Deal That Would Ensure Solvency Into Early Next Year
EXCLUSIVE: The nation's largest theater chain AMC Entertainment is finalizing a deal with bondholders that would slash debt by up to $600 million, bring in $200 million in fresh cash and give it a lifeline into 2021, Deadline has learned.
A $500 million bond sale in April as the coronavirus kicked the nation's economy…
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AMC Entertainment Shares Before Market Open As Chain Said To Near Debt Restructuring Deal
Cash-strapped AMC Entertainment saw its stock surge in premarket trade as the nation's largest exhibitor is said to be closing in on a debt restructuring that will provide a cash cushion as its theaters remain shuttered.
The shares were up 10.4% at $4.56 premarket but surrendered some gains when trading opened are up…
Endeavor Investor Silver Lake Takes $750M Stake In Indian Telco Reliance Jio
Silicon Valley private equity investor Silver Lake Partners has taken a $750M stake in Indian telco Reliance Jio Investment.
The investment values Reliance Jio at $65BN and comes two weeks after Facebook snagged a $5.7BN share – good for 10 percent – of Mukesh Ambani’s digital services company.
Ambani, India’s richest…
Twitter In Peace Deal With Activist Investor Elliott Management: Jack Dorsey To Stay CEO, Silver Lake Invests $1B
Twitter said Monday it has entered into a cooperation agreement with Elliott Management, an activist investment firm that had been pressing for changes including the possible ouster of CEO Jack Dorsey. Dorsey will keep his job and Twitter today announced that investment firm Silver Lake, will make a $1…
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