the world digest
PARIS —Japan will be the country of honor this April in Cannes as MIPTV celebrates that nation's media and entertainment industry, organizers said Thursday. The tribute kicks off April 7 with a special "Japan Day" opening cocktail party and will continue all week long with conferences focusing on Japanese animation and format export markets, the digital media industry and a focus on anime and programs from the region. "Japan has always played an important role at our markets and more importantly is a key player in the global entertainment industry, particularly in digital delivery," MIPTV's Paul Johnson said in a statement.
SEOUL — Kathy Kim is the new head of international business and worldwide distribution at South Korea's largest movie studio, CJ Entertainment, the company said Thursday. Kim will oversee CJ's international sales strategy while continuing to manage the distribution of domestic and foreign titles in Korea. Prior to CJ, Kim was managing director of Seoul-based set production company Art Service and a senior exec at Sony Pictures Korea. She takes over for David Shin, who is leaving to start his own production shingle.
PARIS — French media giant Vivendi on Wednesday announced plans to launch a buyout offer for the remaining shares of telecommunications company Neuf Cegetel. Vivendi, which owns 40.5% of Neuf through SFR, confirmed rumors of talks between its subsidiary SFR and the Louis Dreyfus group, which owns a 29.5% of the company's stock. Under the agreement, SFR will purchase the Louis Dreyfus group's stake at a share price of €34.50 ($49.50), with a public offering for Neuf Cegetel at a share price of €36.50 ($52.36).