M&A
Tabloids National Enquirer, Globe, National Examiner to Be Sold to Joint Venture
Tabloids The National Enquirer, the Globe and the National Examiner are set to get new owners. VVIP Ventures, a joint venture between digital media and content technologies holding company Vinco Ventures and Icon Publishing, has struck an asset purchase agreement with magazine publisher A360 Media, formerly known as American Media, to acquire the brands in […]
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WWE Stunner: Vince McMahon Says He Plans to Rejoin Board of Directors as Company Pursues Possible Sale
Vince McMahon’s retirement from the WWE looks to have lasted all of six months. In a twist worthy of a Monday Night Raw storyline, the founder and former CEO of the wrestling giant is planning a comeback to the company after retiring amid a misconduct probe led by the company’s board of directors. McMahon, who […]
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AMC Theatres Held Talks With Cineworld Lenders Over “Potential” Acquisition
AMC Theaters held discussions with some Cineworld lenders about a “potential strategic acquisition” of unspecified theaters in the U.S. and Europe. News of the talks were contained in an SEC filing issued by AMC on Tuesday, and follows the Sept. 7 Chapter 11 bankruptcy filing from Cineworld, the world’s second-largest movie theater company and owner […]
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Star Production Shingles a Hot Commodity As Brad Pitt’s Plan B Cashes In
The global economy might be on the brink of shambles, but the celebrity-entertainment industrial complex shows no sign of slowing down. Big stars, who have already amassed fame and fortune in front of the camera, are increasingly securing generational wealth for their work behind the camera. The latest move comes courtesy of Plan B Entertainment, […]
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BBC Studios Acquires Full Ownership of Producer Firebird Pictures
BBC Studios, the commercial arm of U.K. public broadcaster BBC, has taken full ownership of Firebird Pictures, the scripted production company set up by former BBC executives Elizabeth Kilgarriff and Craig Holleworth in 2019. BBC Studios previously held a 25 percent stake in the company and has now increased its investment to buy the rest […]
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TV Guide, Metacritic, GameSpot Acquired by Fandom in $55M Deal With Red Ventures
The fan engagement platform Fandom has acquired a number of entertainment and gaming brands from Red Ventures in a deal valued at about $55 million. The acquired titles include TV Guide, Metacritic, GameSpot, Cord Cutters News, Comic Vine and Giant Bomb. Fandom, which is backed by private equity giant TPG, will add the acquired titles […]
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Paradigm Buys Three Talent Firms With Focus On News Anchors and Culinary Stars
Consolidation in the talent representation business isn’t over yet. Paradigm Entertainment, the owner of Paradigm Talent Agency, is acquiring a trio of representation and management companies and forming a new division to house them: Paradigm Media Entertainment. Paradigm Media Entertainment will expand Paradigm’s reach into the worlds of TV news and culinary programming. The acquired […]
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Elon Musk Cites Twitter Whistleblower in New Letter Seeking Termination of Acquisition
It’s take two for Elon Musk’s legal team, as they seek to terminate the billionaire’s $44 billion deal to buy Twitter. In a letter to Twitter leadership disclosed in a securities filing Tuesday, Musk’s team lays out a new case for why the deal needs to called off, based on revelations from Twitter whistleblower Peiter […]
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Local TV Giant Nexstar Seals Deal to Buy 75 Percent Stake in The CW, Reshaping Broadcast Landscape
The CW is getting new ownership. The broadcast network, currently run as a joint venture between Warner Bros. Discovery’s Warner Bros. TV and Paramount Global’s CBS Studios, is selling a 75 percent stake to the local broadcast giant Nexstar. Paramount and Warner Bros. Discovery will each retain a 12.5 percent stake in the venture. The […]
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Jake Paul, Sports Betting Veteran Joey Levy Raise $50M for Sports Media and Gambling Venture
Social media personality and Disney Channel star turned professional boxer Jake Paul is getting back into the media business, and he’s doing it with a sports betting twist. Paul and business partner Joey Levy have raised $50 million to launch a new media and micro-betting company called Betr, with plans to develop sports media properties […]
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Altice USA Confirms It’s Shopping Telcom Suddenlink
Cable giant Altice USA has confirmed it has put its telcom Suddenlink assets up for a sale after fielding interest from several buyers. Altice USA CEO Dexter Goei, during an analyst call Wednesday, responded to market chatter about a possible sale. “I think we can confirm there is a process going on. I don’t think […]
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Pinterest Stock Soars After Activist Firm Elliott Management Reveals It’s Now the Company’s Largest Shareholder
The social photo platform Pinterest got a new CEO a month ago, and now it has a new largest shareholder. Elliott Management, the investment firm known for its activism, disclosed on Monday that it is now the company’s largest individual shareholder, citing its “highly strategic business with significant potential for growth.” Pinterest shares soared more […]
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