French media giant Vivendi has confirmed it is in talks to sell a 10% stake in Universal Music Group to hedge fund billionaire Bill Ackman’s Pershing Square Tontine Holdings in a deal that values the music company at €35 billion ($42B). The transaction is subject to approval from Vivendi … Read entire story.
Source: Deadline
A judge has denied the defendants’ motion to have a fraud claim dismissed from the lawsuit filed by the principals of the 1984 feature This Is Spinal Tap. Original filed nearly two years ago by Harry Shearer and seeking $125 million, the suit since has added his fellow Spinal Tap bandmates … Read entire story.
Source: Deadline
If 2016 is remembered for anything from an international entertainment perspective, it will be noted as the year of the paradox: when waves of right-wing anti-establishment and anti-globalization camps did, in fact, accelerate the pace of globalization. It is possible that in 2017, for example, more British companies will … Read entire story.
Source: Deadline
The feud between Mediaset and French media giant Vivendi is heating up as Vivendi announced on Monday that it plans to raise its shares in the Italian broadcaster from 3% to as much as 20%, in what Mediaset is calling the first step towards a hostile takeover bid for the … Read entire story.
Source: Deadline
Delivering the keynote address at the 10th annual Film London Production Finance Market this morning in England’s capital, StudioCanal UK chief Danny Perkins warned of a tough climate for British independent productions following the Brexit vote in August. As Prime Minister Theresa May strategizes an exit for Britain from … Read entire story.
Source: Deadline