More from Erik Hayden
Rupert Murdoch’s News Corp Succession Plan Challenged by Hedge Fund
Rupert Murdoch’s transition of power at News Corp. to his son Lachlan is being challenged by a major shareholder in the media company. Hedge fund Starboard Value went public with a letter addressed to shareholders of the newspaper giant, owner of The Wall Street Journal and New York Post, calling on the company to eliminate […]
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Lionsgate Names New Head of Inclusive Content at Movie Group
After a nearly four-year run, Lionsgate’s leader of inclusion and diversity efforts at its film division is stepping away from the role and pacting with the studio for a producing deal. Kamala Avila-Salmon — who left Facebook to join Lionsgate as its Motion Picture Group’s head of inclusive content in October 2020 — is launching […]
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Byron Allen Hires New CFO for The Weather Channel
Byron Allen’s media company has enlisted a new finance chief to oversee the business of its most well-known TV brand, The Weather Channel. Christopher T. Young, who held C-suite roles at Latino-focused media company Entravision over the course of a 15-year-plus tenure, was hired as CFO at The Weather Channel and will hold the title […]
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Wasserman Buys Talent Management Firm to Grow Creators Business
Casey Wasserman’s sports and talent representation empire is expanding further into the creator space. The mogul’s Westwood-based firm Wasserman has acquired Dan Levitt’s Long Haul, a management company founded in 2013 that counts several well-known basketball culture creators as well as YouTube and gaming clients on its roster. As part of the deal, all 10 […]
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Brian Stelter Rejoins CNN
Two years after his show Reliable Sources was canceled by CNN, Brian Stelter is rejoining the media network. “I’m returning to CNN in a brand new role as Chief Media Analyst,” the reporter announced in an edition of the network’s Reliable Sources newsletter on Tuesday. “I’ll be appearing on air, developing digital content, and helming […]
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Major Film and TV Investment Firm Plans Expansion
Content Partners LLC — a prominent Hollywood investment firm that buys out backend profit participation from talent and production companies and has amassed a large holding of movie and TV titles — is looking to expand its business. The Los Angeles-based company, co-founded by Steve Kram and Steven Blume, is launching a credit investing division […]
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Regal Inks Multiyear Deal With Fandango On Advertising, Concessions Sales
Regal Cinemas, the second-largest movie theater chain in the United States, has inked a new multiyear deal with Fandango, the companies said Tuesday. The Knoxville, Tenn.-based movie exhibitor has linked up with the Comcast-owned ticketing giant to offer advertisers access to Regal’s digital footprint alongside Fandango’s website and apps along with sister company Rotten Tomatoes’ […]
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Paramount Signals Closer Consideration of Edgar Bronfman’s Bid
A last-minute overture for Paramount Global is getting more serious consideration from Shari Redstone and the company’s special committee of the board of directors. The multibillion-dollar bid from a group led by Edgar Bronfman Jr. arrived before the 45-day “go-shop” window for Paramount to evaluate alternate acquisition proposals was set to formally end on Aug. […]
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Paramount’s New Suitor: Edgar Bronfman Unveils $4.3B Bid
Paramount Global mogul Shari Redstone, who deliberated for months about whether and how to relinquish control of her family’s film and TV empire, now formally has a new offer to consider. A consortium led by Edgar Bronfman Jr. — heir to his family’s Seagram’s liquor fortune and an executive who formerly ran Universal Studios when […]
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From ‘Grey’s Anatomy’ to ‘Survivor’: Where Kamala Harris’ Campaign Is Spending $370M in Ad Buys
As the Kamala Harris campaign gets set for a big week ahead during the Democratic National Convention in Chicago, the candidate’s political team is also unveiling how they they’ll spend advertising dollars to get their message to voters ahead of early voting and Election Day in November. As part of a $370 million buy between […]
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Verve Adds to Agency’s Leadership Team
Verve, the literary and talent agency, is adding to its leadership ranks. The Los Angeles-based representation firm has hired executive Jennifer Jones as its general counsel/head of business affairs and promoted partner Liz Parker to managing partner, the agency said Thursday. Jones arrives from Condé Nast, where she worked for three years as head of […]
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Paramount Sells Two Entertainment Websites Amid Cost-Cutting Effort
As it looks to shed assets in order to achieve $500 million in cost savings, Paramount Global has sold two entertainment news websites in its portfolio to the digital media executive who once ran the sites. ComicBook and PopCulture have been sold to Savage Ventures, a digital media operator run by Sam Savage. The two […]
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