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Bob Iger Joins Fast Delivery Firm Gopuff as an Adviser and Investor

Former Walt Disney Co. CEO Bob Iger is continuing to pursue new opportunities as an investor. On Wednesday, the fast delivery company Gopuff said that Iger would be coming on board an adviser and investor. Gopuff is one of a handful of companies in the “instant commerce” category, where users order things like food or […]

UTA Prices $200M IPO for SPAC Targeting Gaming, Creator Economy

A special purpose acquisition company (SPAC) backed by United Talent Agency has priced its initial public offering at $200 million, and plans to use that capital to pursue a company in the gaming, creator economy and digital media sectors. The SPAC expects to begin trading on the NASDAQ under the ticker “UTAAU” Thursday. The SPAC, […]

South Korea’s CJ ENM to Acquire Controlling Stake in Endeavor Content

Endeavor has struck a deal to sell a majority stake in its Endeavor Content studio to South Korean media giant CJ ENM, the company behind films like Parasite and Snowpiercer, for $775 million. The deal values the company at $850 million. Endeavor will retain a 20 percent stake in Endeavor Content and is also holding […]

Gravitas Ventures Sold to Anthem Sports & Entertainment for $73M

German media giant ProSiebensat 1 is selling the independent film distributor Gravitas Ventures to Anthem Sports & Entertainment, a holding company that owns AXS TV, HDNet Movies, Impact Wrestling, Fight Network and Game TV. Gravitas Ventures had been part of ProSiebensat 1’s Red Arrow Studios. Founded by Nolan Gallagher in 2006, Gravitas was acquired by […]

‘Cocomelon’ Owner Sold to Kevin Mayer and Tom Staggs Venture in $3B Deal

Former Disney execs Kevin Mayer and Tom Staggs have made their second major acquisition for their new Blackstone-backed content venture. Their company has acquired Moonbug Entertainment Ltd., the company behind kids’ shows CoComelon and Blippi, it said Thursday evening. Terms of the deal were not disclosed, but Bloomberg pegged the value of Moonbug at $3 […]

Lionsgate Exploring Options for Starz, Including Spinoff

Lionsgate is officially exploring its options for Starz, considering a separation of the pay TV and streaming business and its studio operations. According to a regulatory filing Thursday tied to Lionsgate’s quarterly earnings, the board made the decision this week. “On November 2, 2021, the Company’s Board of Directors authorized the Company’s management team to […]

U.S. Government Files Antitrust Suit to Block ViacomCBS’ Sale of Simon & Schuster

The U.S. government has filed an antitrust suit seeking to block ViacomCBS from selling its publishing unit, Simon & Schuster, to Penguin Random House. The lawsuit, which was filed Tuesday morning, alleges that the $2 billion deal “would give Penguin Random House outsized influence over who and what is published, and how much authors are […]

UTA Chief’s Zinger: We’re Too Profitable for Endeavor to Buy Us

UTA CEO Jeremy Zimmer and ViacomCBS CEO Bob Bakish discussed the seemingly endless number of deals swirling in the entertainment industry Thursday. They appeared together on a panel, moderated by CBS News anchor Michelle Miller and hosted by Advertising Week New York at Hudson Yards, where Zimmer was asked specifically about the consolidation in the […]

Sony Sells GSN Games Studio to Scopely for $1B

Sony Pictures Entertainment will sell its video game studio GSN Games to the mobile gaming firm Scopely in a deal valued at $1 billion. The deal, which is a 50-50 mix of cash and Scopely stock, will make Sony a significant minority shareholder in the gaming company. GSN CEO Mark Feldman will continue to oversee […]

Magnolia Pictures Exploring Sale

The independent film distributor Magnolia Pictures is exploring a potential sale, someone familiar with the process confirmed to The Hollywood Reporter. Magnolia, which is owned by Mark Cuban and Todd Wagner’s 2929 Entertainment, is looking to capitalize on the demand for library content by streaming services. Streaming services attached to the studios like Paramount+ and […]

Byron Allen Among Bidders for Local TV Giant TEGNA

TEGNA, the local TV company with some 64 stations in 51 markets, confirmed Tuesday that it has received multiple acquisition proposals. “Consistent with its fiduciary duty to TEGNA shareholders, the Board will carefully review and evaluate these proposals,” the company said in a statement. The company did not provide any specifics on who the bidders […]

Univision Deal Closes: Investor Group Takes Majority Stake, Wade Davis Becomes CEO

An investor group led by former Viacom CFO Wade Davis has closed its acquisition of a majority stake in Spanish-language media giant Univision Communications.