Former Broadway producers Garth Drabinsky and Myron Gottlieb each pled not guilty to two counts of fraud and one court of forgery as their criminal trial got under way Monday. Crown prosecutor Robert Hubbard accused the duo of defrauding investors of $500 million by tampering with financial statements. The trial is expected to last six months.
Mumbai-based broadcaster Zee Telefilms has reportedly bid $100 million to acquire German broadcaster EM.Sport Media AG's entertainment division. While Zee offered no comment and EM.Sport neither confirmed nor denied the bid reported in India's Economic Times, an EM.Sport Media spokesperson indicated that the company hopes to "reach a deal sometime this year."
Day for Night
M. Night Shyamalan will receive one of India's highest civilian honors, the Padma Shri, from President Pratibha Patil at an official ceremony Saturday in New Delhi. "This ... is a very special honor for me," Shyamalan said at a Monday news conference in Mumbai hosted by UTV Motion Pictures, co-producer on his upcoming film "The Happening."
A record 8,000 film professionals from 93 countries have signed up for this year's Marche du Film, the Festival de Cannes' parallel international film market. This represents an 8% jump on the previous year. Additionally, some 1,600 screenings already have been scheduled for the market.