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2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 | 2007

1-20 of 186 items from 2016   « Prev | Next »


Box Office: ‘Star Trek Beyond’ Warps Toward $55 Million Debut

20 July 2016 10:27 AM, PDT | Variety - Film News | See recent Variety - Film News news »

It’s been a rough few months for Paramount Pictures.

Not just because films like “Zoolander 2” and “Teenage Mutant Ninja Turtles: Out of the Shadows” fell flat at the box office. The venerable studio has been engulfed in the ongoing corporate fight over the future of its parent company, Viacom.

The company’s CEO Philippe Dauman is selling a minority stake in Paramount, a move that controlling shareholder Sumner Redstone and his daughter Shari Redstone, oppose. So things must be a little awkward on the lot.

But help, or at least a Starship Enterprise-sized distraction, is on the way. The studio is bringing “Star Trek Beyond” into theaters, launching the third film in the rebooted sci-fi series across 3,800 locations, including 391 Imax venues. The latest in the long-running franchise is expected to pull in a solid $55 million, with some analysts projecting it could hit $60 million.

That should be enough to top the weekend box office, »

- Brent Lang

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Paramount Stake Sale: China's Tencent and Dmg Among Longshot Contenders

18 July 2016 3:53 AM, PDT | The Hollywood Reporter | See recent The Hollywood Reporter news »

Viacom CEO Philippe Dauman's campaign to offload a minority stake in Paramount Pictures could be even more in flux than previously reported. Last week, Viacom was said to be in advanced talks with Chinese conglomerate Dalian Wanda Group, which was looking to buy a 49 percent stake in the studio. The company was seeking a steep $8 billion-$10 billion valuation for the deal, with one other undisclosed suitor in the mix, according to the Wall Street Journal, which was the first to report the news. But sources in Beijing tell The Hollywood Reporter that at least two other publicly

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- Patrick Brzeski

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VH1 President Chris McCarthy Sets New Executive Team (Exclusive)

15 July 2016 4:45 PM, PDT | Variety - TV News | See recent Variety - TV News news »

VH1 president Chris McCarthy, recently promoted to his position, has set his new executive team for the Viacom-owned cable network.

On the content development side, Candida Boyette has moved over from MTV as a new vice president at VH1; Vivanne Gomez and Dan Rogge have also been promoted to VP. Amy Campbell and Kate Keough have both been promoted to senior vice president of marketing for VH1 and Logo. Dave Arena has been promoted to senior vice president of program planning and strategy, VH1. Keri Flint has been promoted to head of production. Trisha Espinoza has been named head of planning and content strategy, VH1 and Logo.

The new executives join McCarthy’s senior management team, which includes Amy Doyle, executive vice president and deputy general manager; Nina Diaz, executive vice president and head of reality programming; Paul Ricci, senior vice president and head of alternative programming and development; Maggie Malina, senior »

- Daniel Holloway

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National Amusements Brushes Off Paramount Sale Talks, Won’t Let Viacom ‘Undermine’ Redstones

15 July 2016 12:06 PM, PDT | The Wrap | See recent The Wrap news »

Sumner Redstone’s National Amusements has responded to rumors that Viacom CEO Philippe Dauman is exploring a partial sale of the media company’s Paramount Pictures to China’s Dalian Wanda Group. National Amusements, which has an 80-percent controlling stake in Viacom, scoffed at Dauman’s ongoing attempt to sell a minority stake in the legendary film studio. “National Amusements has one goal for Viacom, which is to create long-term value for all of Viacom’s shareholders. Undertaking a Paramount transaction at this time would undermine rather than advance this goal,” the company said in a statement. Also Read: Dalian »

- Matt Donnelly

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National Amusements Vows To Oppose A Deal To Sell Paramount Stake

15 July 2016 7:23 AM, PDT | Deadline | See recent Deadline news »

Updated with Viacom response: Sumner Redstone’s National Amusements, which owns 80% of Viacom’s voting shares, just threw a wrench into CEO Philippe Dauman’s effort to sell 49% of Paramount to China’s Wanda Group. The exhibition chain this morning says that it will oppose any deal he makes, alleging that it would “undermine rather than advance” shareholder interests —  for example by chilling “the interest of parties that may be interested in a larger transaction… »

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How Wanda Plans to Acquire Paramount

15 July 2016 6:28 AM, PDT | Variety - Film News | See recent Variety - Film News news »

When a powerful and irascible 90-something hollers “get off my [studio] lot,” most people would tend to listen. But apparently not China’s wealthiest man, Wang Jianlin, and his Dalian Wanda Group conglomerate.

The Chinese mega-corporation is in talks to acquire a 49% of Paramount Pictures, the struggling film studio whose parent company, Viacom, has put the stake up for sale despite a fierce fight over control of the American corporation, multiple sources confirmed. Sumner Redstone, 93, controlling shareholder of Viacom, has said that he is not ready to sell any of Paramount, at least partly for sentimental reasons. He considers the studio his “baby,” acquired in a fierce 1994 bidding war with fellow magnate John Malone.

Redstone’s apparent opposition and the battles he and his daughter, Shari Redstone, are waging to remake the leadership of Viacom persuaded most observers that it would be unlikely that any buyer would come forward to buy Paramount in the short run. »

- James Rainey and Brent Lang

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Dalian Wanda Exploring Paramount Minority Stake Purchase for Billions

14 July 2016 6:35 PM, PDT | The Wrap | See recent The Wrap news »

As China’s Dalian Wanda Group mulls a minority stake acquisition in Paramount Pictures — to the tune of billions — a potential sale throws gasoline on an escalating power struggle between Viacom CEO Philippe Dauman and majority shareholders Shari and Sumner Redstone. Wanda, a conglomerate with designs on becoming a Hollywood force, is reported to be the stronger of two potential suitors for a 49-percent holding in the film studio, according to Reuters. Paramount’s valuation, which also figures in the real estate its iconic lot sits on, is reported as high as $10 billion. Wanda could pay up to $5 billion for the. »

- Matt Donnelly

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Wall Street Doubts Payoff From Talks To Sell Paramount Stake To Wanda

14 July 2016 9:31 AM, PDT | Deadline | See recent Deadline news »

Wall Street appears skeptical that Viacom’s negotiations to sell a 49% stake in its Paramount studio to China’s Wanda Group for as as much as $5 billion will bear fruit. Viacom shares are basically flat today — a little behind the overall market — despite a report in Reuters and in the Wall Street Journal about negotiations. Investors still aren’t sure whether CEO Philippe Dauman can make the deal with Wanda or, if he does, that he can overcome opposition from Viacom’s… »

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Dalian Wanda Group in talks for 49% stake in Paramount (report)

14 July 2016 8:08 AM, PDT | ScreenDaily | See recent ScreenDaily news »

Following its acquisition of Odeon & Uci Cinemas earlier this week, Dalian Wanda Group is in talks to buy a 49% stake in Paramount Pictures from Viacom, according to reports.

The Wall Street Journal reported today (July 14) that Wanda is now the only bidder left at the table, but as Viacom’s ailing controlling shareholder Sumner Redstone is resisting the sale, it’s far from a done deal.

Viacom executives, including chairman and CEO Philippe Dauman, suggested earlier this year that the company should sell a minority stake in Paramount as the studio struggles with declining revenues.

Wanda would be a powerful partner in what is soon to become the world’s biggest box office market. The two companies have already worked together - Wanda recently invested in Paramount’s Teenage Mutant Ninja Turtles: Out Of The Shadows, along with Alibaba, although the film was a disappointment at the box office.

Redstone, already at the »

- lizshackleton@gmail.com (Liz Shackleton)

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China’s Wanda is Front-Runner to Buy Paramount Stake (Reports)

13 July 2016 10:28 PM, PDT | Variety - Film News | See recent Variety - Film News news »

China’s Dalian Wanda group is the front-runner in talks to buy a 49% stake in Paramount Pictures from U.S. media conglomerate Viacom, according to reports.

Sale talks are still proceeding, according to the Wall Street Journal, despite resistance from Viacom’s controlling shareholder Sumner Redstone. Last month Variety reported Viacom CEO Philippe Dauman’s “deliberate, thoughtful and thorough” determination to keep the sale talks alive.

Contacted Thursday local time by Variety, Wanda said it was “unable to make any comment.”

Viacom announced earlier this year that it would seek bidders for a minority portion of the studio. Since then the fight for control between Redstone and Viacom CEO Philippe Dauman has intensified and had seemed to limit Dauman’s ability to go ahead with a Paramount stake sale.

In June Redstone attempted to change company bylaws so that a unanimous board vote would be needed for a complete or partial sale of the studio. »

- Patrick Frater

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Sun Valley: Moguls Bone Up on Global Terrorism, Campus Unrest

7 July 2016 4:32 PM, PDT | Variety - TV News | See recent Variety - TV News news »

It’s hump day for Sun Valley, Allen & Company’s annual elbow-rubbing of moneymen and moguls.

The elite conference has reached mid-point after a day in which the world’s top business leaders, Silicon Valley titans and Hollywood players got tutorials in global terrorism and campus protests.

In between talks and dinners, DreamWorks Animation CEO Jeffrey Katzenberg could be seen sharing a table with Walmart chairman Greg Penner outside the Ram, a posh Sun Valley eatery. Disney head Bob Iger and producer Brian Grazer went on a bike ride. And 21st Century Fox head Rupert Murdoch grunted a “no comment” after members of the press shouted questions about former Fox News correspondent Gretchen Carlson’s sexual harassment lawsuit against Roger Ailes

The guest list for the four-day confab is strictly A-list, with the net worth of many individuals boasting at least nine zeroes. Among those who made the trek to Idaho this year are Facebook CEO Mark Zuckerberg »

- Brent Lang

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Sun Valley: Moguls Bone Up on Global Terrorism, Campus Unrest

7 July 2016 4:32 PM, PDT | Variety - Film News | See recent Variety - Film News news »

It’s hump day for Sun Valley, Allen & Company’s annual elbow-rubbing of moneymen and moguls.

The elite conference has reached mid-point after a day in which the world’s top business leaders, Silicon Valley titans and Hollywood players got tutorials in global terrorism and campus protests.

In between talks and dinners, DreamWorks Animation CEO Jeffrey Katzenberg could be seen sharing a table with Walmart chairman Greg Penner outside the Ram, a posh Sun Valley eatery. Disney head Bob Iger and producer Brian Grazer went on a bike ride. And 21st Century Fox head Rupert Murdoch grunted a “no comment” after members of the press shouted questions about former Fox News correspondent Gretchen Carlson’s sexual harassment lawsuit against Roger Ailes

The guest list for the four-day confab is strictly A-list, with the net worth of many individuals boasting at least nine zeroes. Among those who made the trek to »

- Brent Lang

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You Can Relax, Shari – Viacom’s Philippe Dauman to Skip Sun Valley Conference

7 July 2016 9:44 AM, PDT | The Wrap | See recent The Wrap news »

Viacom CEO Philippe Dauman will skip the annual gathering of moguls in Sun Valley, Idaho, avoiding the possible awkwardness of an encounter with arch rival Shari Redstone. “Mr. Dauman had planned to join the Allen & Co. conference but is attending to pressing business matters,” Viacom said in a statement. Meanwhile, the president of National Amusements, which owns a controlling interest in Viacom, has been seen all over the event over the last few days. Shari Redstone was even photographed getting into a car with CBS boss Les Moonves. Also Read: Viacom's Shari Redstone, Espn's John Skipper Get Paparazzi Treatment »

- Brian Flood

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Viacom CEO Philippe Dauman to Skip Sun Valley Media Conference

7 July 2016 9:24 AM, PDT | Variety - Film News | See recent Variety - Film News news »

Viacom chief Philippe Dauman has opted not to attend Allen & Company’s Sun Valley media conference,  a spokesman for the company said Thursday.

The exclusive gathering of moguls and billionaires has been closely watched because Shari Redstone, who is battling with Dauman for control of Viacom, is one of the guests. She has been seen at the resort socializing with CBS chief Les Moonves and with Nicole Seligman, a former Sony executive and newly named board member.

Earlier in the week, Viacom said Dauman was still slated to attend, despite the potential for an awkward encounter with Shari Redstone. He is a regular at the annual gathering.

“Mr. Dauman had planned to join the Allen & Co. conference but is attending to pressing business matters,” a statement from Viacom reads.

Viacom, the company behind MTV, Paramount Pictures, Nickelodeon and Comedy Central, and CBS are both controlled by the Redstone family. Shari Redstone »

- Brent Lang

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Viacom's Philippe Dauman Skipping Sun Valley Mogul Gathering

7 July 2016 9:20 AM, PDT | The Hollywood Reporter | See recent The Hollywood Reporter news »

Viacom chairman, president and CEO Philippe Dauman won't attend investment bank Allen & Co.'s annual Sun Valley, Idaho, mogul get-together this week despite having planned to do so as of the beginning of the week. "Mr. Dauman had planned to join the Allen & Co. conference but is attending to pressing business matters," Viacom said in a statement. Viacom vice chair Shari Redstone arrived at the "summer camp" for media and technology moguls earlier this week. Media representatives have been looking for a possible encounter between the two. Shari Redstone — whose family trust owns Viacom and CBS

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- Georg Szalai

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Sun Valley: John Malone Spills About ‘Frenemy’ Sumner Redstone, Lionsgate and Starz Merger

7 July 2016 8:47 AM, PDT | Variety - Film News | See recent Variety - Film News news »

Twenty two years ago, John Malone and Sumner Redstone faced off in a bidding war for control of Paramount Pictures. It was a battle in which Redstone ultimately prevailed, and the two media moguls have had a frequently combative, occasionally collaborative relationship over the past two decades.

On Thursday, Malone brushed aside past differences, telling press at the Allen & Company media conference in Sun Valley, Idaho, that he had sympathy for the legal battle engulfing Redstone’s empire.

“I’m hoping that all settles down and everybody is treated fairly,” said Malone. “Sumner’s been a longtime friend and sometimes partner and sometimes frenemy. You hate to see the stress of a family situation. I certainly hope it all works out to everybody’s benefit. They created some great assets over the years and they’re a very important part of our industry.”

Sumner Redstone’s daughter, Shari Redstone, is »

- Brent Lang

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Sun Valley: John Malone Spills About ‘Frenemy’ Sumner Redstone, Lionsgate and Starz Merger

7 July 2016 8:47 AM, PDT | Variety - TV News | See recent Variety - TV News news »

Twenty two years ago, John Malone and Sumner Redstone faced off in a bidding war for control of Paramount Pictures. It was a battle in which Redstone ultimately prevailed, and the two media moguls have had a frequently combative, occasionally collaborative relationship over the past two decades.

On Thursday, Malone brushed aside past differences, telling press at the Allen & Company media conference in Sun Valley, Idaho, that he had sympathy for the legal battle engulfing Redstone’s empire.

“I’m hoping that all settles down and everybody is treated fairly,” said Malone. “Sumner’s been a longtime friend and sometimes partner and sometimes frenemy. You hate to see the stress of a family situation. I certainly hope it all works out to everybody’s benefit. They created some great assets over the years and they’re a very important part of our industry.”

Sumner Redstone’s daughter, Shari Redstone, is at the exclusive gathering of moguls and »

- Brent Lang

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Justin Trudeau Charms Sun Valley, Barry Diller Says Cord-Cutting Represents ‘Creative Destruction’

6 July 2016 12:26 PM, PDT | Variety - Film News | See recent Variety - Film News news »

The first official day of Allen & Company’s Sun Valley media conference kicked off Wednesday with a warmly received appearance by Canadian Prime Minister Justin Trudeau and a discussion by former New York City Mayor Michael Bloomberg and Colorado Gov. John Hickenlooper on the issues facing American cities.

Conference-goers gave Trudeau high marks, describing him as “hyper-articulate” and “visionary.” One member of the audience for Trudeau’s appearance said the crowd was charmed by the Canadian prime minister. “He looks about 25 years old and he was a delightful speaker,” said the participant.

The conversation, which was moderated by former U.S. Sen. Bill Bradley, also focused on ways to improve trade between the U.S. and Canada, but Trudeau made no major news.

“He kept it pretty light,” said the conference-goer. Trudeau, the eldest son of former prime minister Pierre Trudeau, gave a sense of the expectations he faced over getting into the family business. »

- Brent Lang

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Justin Trudeau Charms Sun Valley, Barry Diller Says Cord-Cutting Represents ‘Creative Destruction’

6 July 2016 12:26 PM, PDT | Variety - TV News | See recent Variety - TV News news »

The first official day of Allen & Company’s Sun Valley media conference kicked off Wednesday with a warmly received appearance by Canadian Prime Minister Justin Trudeau and a discussion by former New York City Mayor Michael Bloomberg and Colorado Gov. John Hickenlooper on the issues facing American cities.

Conference-goers gave Trudeau high marks, describing him as “hyper-articulate” and “visionary.” One member of the audience for Trudeau’s appearance said the crowd was charmed by the Canadian prime minister. “He looks about 25 years old and he was a delightful speaker,” said the participant.

The conversation, which was moderated by former U.S. Sen. Bill Bradley, also focused on ways to improve trade between the U.S. and Canada, but Trudeau made no major news.

“He kept it pretty light,” said the conference-goer. Trudeau, the eldest son of former prime minister Pierre Trudeau, gave a sense of the expectations he faced over getting into the family business. He »

- Brent Lang

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Sun Valley: Les Moonves Chauffeurs Shari Redstone, Justin Trudeau Preps for Mogul Debut

5 July 2016 7:23 PM, PDT | Variety - Film News | See recent Variety - Film News news »

Ah, the first day of summer camp for billionaires.

It’s that time of year when media barons break out the bike shorts and descend en masse on Sun Valley, Idaho for investment firm Allen & Co.’s exclusive conference.

The gathering of the one percent has developed a reputation over the years for being a hotbed of dealmaking — Comcast’s acquisition of NBCUniversal and Time Warner’s disastrous marriage to AOL were just a few of the pacts cooked up at the ski resort.

As he arrived Tuesday, Providence Equity Partners head Jonathan M. Nelson summed up the appeal of the conference in haiku fashion, “Learning. Friends. Some business.”

It’s not just the prospect of a merger or purchase that brings the bigwigs out in force. Over the better part of a week, guests such as Disney chief Bob Iger, Sony Corp. CEO Kaz Hirai, Comcast Corp. chairman Brian Roberts, »

- Brent Lang

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