Latest in Silver Lake

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…

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…

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…

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…

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 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…

A family festival celebrating the history of Laurel & Hardy’s famed Music Box steps short will be celebrated from 11 AM to 4 PM today at the site of the Academy Award-winning short. The 1932 comedy short won an Oscar for Best Live Action Short (Comedy), the first in that category. The film depicts the pair attempting…

What started out as a fun day dedicated to all things “Star Wars,” took a chaotic turn Saturday when a man carrying a toy gun prompted a large police response. The incident was reported at 12:15 p.m. during “Star Wars Reads Day” at the Silver Lake Branch of the Los Angeles Public Library. The event at the library…

AMC Entertainment announced it has closed a $600 million strategic investment from Silver Lake, a tech-oriented investment firm, and will use part of the proceeds to buy back Class B common shares owned by the Dalian Wanda Group. The deal will give Silver Lake, which has stakes in companies including Alibaba, Tesla…

Veteran technology executive John Berkley has been named President at Cast & Crew, the Burbank-based payroll, accounting and production management firm. Berkley will assume his new role as of September 5, moving over from his job as Operating Executive at Silver Lake, Cast & Crew’s lead investor. In that position…

Cast & Crew Entertainment Services has sealed a deal to acquire CAPS Payroll, which will add commercial production, venues, music tours, live events, unscripted TV and independent film sectors to its growing base of payroll and production management services.  It’s the latest pickup for the company since Silver Lake…