Welcome to the show folks...
1. THE AXE WILL NOT FALL.... FOR NOW
MGM may have the forbearance they asked for from their bondholders, staving off bankruptcy. The trick is that reports say it's not for as long as they originally hoped for and the remake of Fame isn't going to live forever, and it isn't going to learn how to fly.
So if this deal goes through, it's only a stay of execution for the venerable studio and not a pardon.
2. IS NBC-UNIVERSAL UP FOR SALE?
Who knows these days. The possibility of a sale of Vivendi's 20% stake led to reports that the rest might be sold by parent company GE to everyone from Time Warner to Comcast. Now after some denials, they're even more chatter that the company may actually be sold, spun-off, or some other arrangement if the right deal is found.
All I can say is that I think it would be best if NBC-U is reborn as a separate company and not just a cog in a massive conglomerate.
Plus, a lot of new faces in management couldn't make the situation any worse.
3. ORTENBERG FINDS ONE WAY OUT.
Tom Ortenberg, who left Lionsgate for the Weinstein Co., and recently left the Weinstein Co. when he realized that it was the Weinstein Co. has hung up his own shingle.
One Way Out Media will offer consulting and financing services for small budget independent films. The new company motto will be "I survived the Weinsteins and so can you!"
Good luck Mr. Ortenberg, in this economy, you're going to need it.
1. THE AXE WILL NOT FALL.... FOR NOW
MGM may have the forbearance they asked for from their bondholders, staving off bankruptcy. The trick is that reports say it's not for as long as they originally hoped for and the remake of Fame isn't going to live forever, and it isn't going to learn how to fly.
So if this deal goes through, it's only a stay of execution for the venerable studio and not a pardon.
2. IS NBC-UNIVERSAL UP FOR SALE?
Who knows these days. The possibility of a sale of Vivendi's 20% stake led to reports that the rest might be sold by parent company GE to everyone from Time Warner to Comcast. Now after some denials, they're even more chatter that the company may actually be sold, spun-off, or some other arrangement if the right deal is found.
All I can say is that I think it would be best if NBC-U is reborn as a separate company and not just a cog in a massive conglomerate.
Plus, a lot of new faces in management couldn't make the situation any worse.
3. ORTENBERG FINDS ONE WAY OUT.
Tom Ortenberg, who left Lionsgate for the Weinstein Co., and recently left the Weinstein Co. when he realized that it was the Weinstein Co. has hung up his own shingle.
One Way Out Media will offer consulting and financing services for small budget independent films. The new company motto will be "I survived the Weinsteins and so can you!"
Good luck Mr. Ortenberg, in this economy, you're going to need it.
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