Legendary Entertainment is making a big strategic move, taking over Dalian Wanda Group's stake in the company. In an interview with The Hollywood journalistLegendary CEO Josh Grode characterized the deal as a “right place, right time” situation. “Wanda was looking for liquidity in some of her investments. And we're coming off a very good first … Read more
California Gov. Gavin Newsom signed a union-backed bill that seeks to protect entertainment workers' use of loan companies after an audit earlier this year prompted widespread concern about their future. The governor's office announced that Newsom officially gave the green light to state Sen. Anthony Portantino's SB 422 on Monday. The bill, which received support … Read more
April King has joined talent agency Artist Collective Entertainment (ACE) as a partner. King joins the company from WME, where he spent two years. He brings his roster of artists to ACE, including P-Valley star Brandee Evans, Grammy-nominated singer and actress Keri Hilson, former Destiny's Child singer LeToya Luckett and Kind companyIt's Priya Kansara. Prior … Read more
It’s a challenging time in the entertainment industry right now. The current Entertainment Industry Apocalypse (EIA) is upon us, and technological, economic, and social changes continue to hit us in relentless waves. I see it in the professions, read about it in mainstream media, and experience it in my work as a therapist. While confidentiality … Read more
Leonard Asper’s Anthem Sports and Entertainment has acquired Hollywood Suite, an independent Canadian broadcaster that carries four HD movie channels. Terms of the deal were not disclosed, but pending regulatory approvals, Anthem will acquire the commercial-free movie channels featuring mostly Hollywood titles from the 1970s, 1980s, 1990s and 2000s, which will be distributed to 10 … Read more
Bali was awash with business suits on Wednesday as global media and technology executives flocked to the tropical island for the first day of APOS, the annual media, telecommunications and entertainment industry conference. With the film and television industry facing some economic headwinds in more mature markets in Europe and North America, executives gathered in … Read more
Wrapbook, the accounting and payroll startup for film and TV productions, is looking to grow its market share in Hollywood and has secured a new round of funding to do so. The company's co-founders, Ali Javid and Cameron Woodward, tell The Hollywood Reporter They raised $20 million from venture capital firm Bessemer Venture Partners and … Read more
From the fate of TikTok to the state of LeBron’s tattoo, these A-list attorneys drive deals that shape projects on the screen, stage and beyond. September 21, 2024 10:00am Published on September 21, 2024 Illustration by Victor Kerlow The entertainment industry in New York City, just like Los Angeles, has been adjusting to the effects … Read more
Canadian telecom giant BCE Inc. has reached an agreement with rival telecommunications and cable giant Rogers Communications to sell its 37.5 percent stake in Maple Leafs Sports Entertainment for C$4.7 billion (US$3.46 billion). The deal increases Rogers’ majority stake in MLSE, which includes the Toronto Maple Leafs and Toronto Raptors professional sports teams, to 75 … Read more
Sony Corp. and Zee Entertainment have settled all legal disputes related to their later annulled $10 billion merger in India. More than two years after announcing a bold $10 billion merger of its Indian TV and streaming businesses with local giant Zee Entertainment, Sony said in January it was officially abandoning the deal. The decision … Read more