Skip to main content
Got a tip?

Latest Business News

Tech Exec Carolyn Everson Joins Disney Board Amid Truce With Activist Investor Dan Loeb

The Walt Disney Co. and Dan Loeb’s Third Point LLC have a deal. Disney says that it has entered into a support agreement with the hedge fund, which will include “customary standstill, voting and other provisions through Disney’s 2024 Annual Meeting of Shareholders,” per the company. According to a securities filing, Third Point has agreed […]

Regal Owner Cineworld: Admissions to Remain Below Pre-Pandemic Levels in 2023 and 2024

Exhibition giant and Regal owner Cineworld Group, which recently filed for Chapter 11 bankruptcy proceedings in the U.S., predicted Friday that cinema admissions in 2023 and 2024 would remain below levels recorded before the COVID-19 pandemic.    Third-quarter admissions have been “below expectations,” with the fourth quarter “anticipated to be stronger, supported by the scheduled […]

Comscore Discloses Layoffs, Restructuring Plan

Amid concerns about a broad economic downturn, Comscore, the analytics measurement firm and box office data provider led by CEO Jon Carpenter, is embarking on a restructuring plan aimed at cutting costs. The Virginia-headquartered company disclosed in a Thursday filing with the Securities and Exchange Commission that it had “communicated a workforce reduction as part […]

Animation Guild Expands New York Organizing Push With ‘Tooning Out the News’ Effort

The Animation Guild is attempting to further expand the union’s footprint in New York with a new effort to organize Paramount+’s Stephen Colbert Presents Tooning Out the News, the Guild revealed Thursday. Tooning Out the News workers will be presenting management with a request for voluntary recognition Thursday and additionally filing a petition for a […]

Gersh Ups Matt Vioral and Sandra Lucchesi to Partner

Gersh is expanding the ranks of its partner class with the promotion of two agents. The Beverly Hills-based talent firm upped literary agent Sandra Lucchesi and talent agent Matt Vioral to partners, the company said Thursday. The promotions bring Gersh’s partners to 28, out of the 150 agents in its ranks across Los Angeles and […]

‘Crazy Rich Asians’ Producer SK Global Sells Majority Stake to Private Equity Firm Centricus

SK Global Entertainment, the producer of films like Crazy Rich Asians and Moneyball, has sold a majority stake to the private equity firm Centricus. The entertainment company will use the “additional capital to accelerate [its] strategy through IP ownership and financing strategic acquisitions of complementary businesses.” In other words, it will look to develop new […]

Netflix VP of International Film David Kosse Departing

David Kosse, Netflix’s London-based vp of international film, is leaving his role at the streaming giant. His exit comes as Netflix is making internal changes to its organizational focus in its broader European region, moving to a regionalized structure in Europe, the Middle East and Africa (EMEA), in line with its setups in Asia and […]

Amid College Sports Cash Grab, Big 12 Hires WME Sports and IMG to Lead Media Strategy

The Big 12 college athletics conference is aiming to carve out a larger piece of the increasingly lucrative market for collegiate sports. With the Big Ten just signing an $8 billion deal with NBC, CBS, and Fox, and the SEC inking a $3 billion deal with Disney in 2020, the Big 12 is hoping to […]

Television Center In Hollywood to Get $600M Soundstage Redevelopment

Two private equity investors are doubling down on stage space in the heart of Hollywood. Betting on continuing demand for soundstages amid a global crunch, BARDAS Investment Group and Bain Capital Real Estate announced on Thursday a $600 million redevelopment of the former Television Center, at 6311 Romaine St., that will transform the facility into […]

Management Merger: Anonymous Content, Grandview/Automatik In Talks to Combine

The representation landscape in Hollywood appears to be shifting once again. Anonymous Content, the management and production company that’s backed The Revenant, Mr. Robot, and clients Samuel L. Jackson and Emma Stone, is exploring an acquisition of fast-rising firm Grandview/Automatik. The latter has of the moment clients such as Top Gun: Maverick director Joe Kosinski, […]

Scott Rudin, Broadway Ad Agency Drop Dueling Legal Claims Over Allegedly Owed Payments

Broadway ad agency SpotCo and producer Scott Rudin have settled their legal battle over more than $6 million in allegedly owed payments.  The two parties filed a stipulation of discontinuance with prejudice earlier this month, which permanently puts an end to the case. Any financial terms or details of a settlement were not disclosed in […]

Cineplex Denied Relief to Pursue $1.2B Judgement Against Cineworld Over Collapsed Deal

Cineplex has failed in a bid to collect on a judgement against exhibition giant and Regal owner Cineworld Group in a Canadian court amid a Chapter 11 Bankruptcy filing in the U.S. On Wednesday, Cineplex said the U.S. Bankruptcy Court for the Southern District of Texas denied a bid by the Canadian exhibitor for relief […]