WaxWord
Sharon Waxman On the Business of Entertainment
The founder and editor of TheWrap’s take on life on the left coast, high culture, low culture and the business of entertainment and media. Waxman writes frequently on the inside doings of Hollywood, and is is also the author of two books, Rebels on the Back Lot and Loot.
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Blow-Up at Overture Leads to McGurk and Rosett Resignations
In an escalating battle, the Overture executives demanded $50 million to take two movies wide; Albrecht said no
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Update: Icahn Now at 38% of Lionsgate
Billionaire investor’s larger share is enough to trigger certain internal controls
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TheWrap Named to ‘100 Most Important Online’ List
The magazine for online media says we have managed to “disintermediate the industry heavy-hitters.” We say: darn tootin’.
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Pohlad’s Apparition Cuts Staff, Restructures
In the wake of the departure of Bob Berney, Apparition announced cutbacks and restructuring plans.
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Icahn: Lionsgate Share Price Is Goin’ Down
Activist shareholder says stock price will soon crater below his $7-per-share offer; he’s got his facts wrong, claim company officials
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Miramax and Ron Tutor at Turning Point: Cash, or Bail
Exclusive: The billionaire backing David Bergstein can’t get banks to finance his bid. So it’s cash — or pass
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Weinstein Debt Wiped Clean in Deal with Goldman, Ambac
In a move that hands 200 Weinstein films to Goldman Sachs in exchange for forgiving debt, the independent film company gets a new lease on life (UPDATED)
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CNN Takes a Left Turn (and a Right Turn)
The network gives in to the tide of politically opinionated hosts
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Lionsgate Ups ‘Change of Control’ Threshold
Now requires in excess of 50% control or ownership of company’s equity securities
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Yawn: Would Somebody Buy a Movie Library Already?
Am I the only one tired of waiting for an outcome of these Hollywood fire sales?
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Report: Spyglass Is Leading Contender for MGM
The independent’s co-heads would run the studio if takeover plan succeeds
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Wrap Staff -
Lionsgate Shareholders Reject Latest Icahn Offer
Studio: “Carl Icahn has no coherent strategy for the company”
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Carl Icahn Arrives at Deadline With 31% of Lionsgate
Studio is unconcerned; until he gets 51 percent, it’s “business as usual”
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Sharon Waxman & Josh Dickey -
No Bergstein Deal for Miramax as Deadline Looms
Disney’s exclusive negotiating window with the financier ends Thursday, and no word that the sale has closed
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New Jackson Doc to Debut in Japan
Exclusive: Never-before seen footage will debut on June 25, the year-anniversary of singer’s death