April 30, 2013 |
CNN Films is stepping up its acquisition efforts. One week after landing the television rights to the Penny Lane documentary “Our Nixon,” the network has acquired domestic television broadcast rights to the Sundance film selection “Pandora's Promise.” Directed by "Radio Bikini" Academy Award nominee Robert Stone, the film tells the story of several prominent environmentalists who have put their careers in jeopardy to tout the societal benefits...
April 25, 2013 |
An artist who mines the visual excesses and verbal tics of teenagers in the ADHD age of instant messaging, Ryan Trecartin has had important early shows in L.A., but MOCA's announcement of new acquisitions Thursday marks the first time his work is entering a museum collection here. With funds from its acquisition committee and from museum director Jeffrey Deitch, MOCA is buying "B: Settings," an over-the-top installation consisting of four rather manic videos and four "sculptural theaters," which look like makeshift arrangements of odd lounging furniture.
April 15, 2013 |
The L.A. County Museum of Art has signaled its commitment to African art by paying $1 million for a 3-foot-high "Gwan" sculpture of a mother and infant, believed to help ensure healthy childbirth by the Bamana peoples of Mali. "It's one of the oldest surviving wood sculptures of Africa and probably the oldest Gwan figure in existence," said Polly Nooter Roberts, a curator of African art at LACMA and professor at UCLA. According to carbon dating, the piece was made between 1432 and 1644, earlier than Gwan figures at the Metropolitan Museum of Art in New York.
April 10, 2013 |
Walt Disney Co. has begun the process of laying off about 150 people who work at the company's movie studio. Analysts said that the layoffs, which were confirmed by the Burbank-based company Wednesday, are probably related to redundancies created by Disney's recent acquisitions of Marvel Entertainment in 2009 and Lucasfilm in 2012. “I am sure there is some overlap from those acquisitions,” said Disney analyst Harold Vogel, president of Vogel Capital Management. PHOTOS: Hollywood Backlot moments The cuts, which are expected to affect the studio's marketing and home entertainment divisions and possibly other areas, are believed to be the result of an internal corporate review initiated by Disney Chief Executive Bob Iger.
March 31, 2013 |
The Pittsburgh Penguins took most of the fun out of speculation leading up to Wednesday's noon Pacific trade deadline when they pulled off major deals last week for veteran wingers Brenden Morrow and Jarome Iginla and defenseman Douglas Murray. Their acquisition of Iginla was bizarre. Several major media outlets, led by Canada's TSN, reported he had been sent to Boston and it was a done deal. Except it wasn't. Iginla, who waived his no-move clause, decided he preferred Pittsburgh and went there for two prospects and a first-round draft pick.
March 20, 2013 |
The trustees of L.A.'s Museum of Contemporary Art say they have decided not to turn over the keys to their financially ailing institution to others - notably the Los Angeles County Museum of Art - and will instead raise the money needed to keep the downtown museum independent. The board issued a three-sentence statement Tuesday afternoon headlined "MOCA Trustees Committed to Independence. " It gave no specifics - and did not refer directly to the lone option that has become public: an offer by LACMA and its director, Michael Govan, to acquire MOCA and raise $100 million as part of the takeover, while keeping the MOCA name and continuing to operate its two downtown buildings.
March 20, 2013 |
Hewlett-Packard Co. shareholders voted in favor of the current board at an annual meeting Wednesday, shrugging off a campaign by some investors to ignite a protest over a series of troubled acquisitions. HP announced that all 11 directors received at least 50% of the vote in their favor. The results of the vote were announced at the end of HP's annual shareholder meeting, held at the Computer History Museum in Mountain View, Calif. The 90-minute meeting included an extensive presentation by Chief Executive Meg Whitman, who outlined the strides she believes have been made in turning around the Silicon Valley icon.
March 19, 2013 |
Despite the recent offer from the Los Angeles County Museum of Art to acquire the cash-strapped Museum of Contemporary Art, the contemporary museum's board of trustees says that its members agree that "the best future for MOCA would be as an independent institution. " MOCA leaders had declined any comment since the offer became public this month. But the board met Friday and a museum spokesperson issued the following statement Tuesday: “The Board is in agreement that the best future for MOCA would be as an independent institution.
March 8, 2013 |
News Corp.'s soon-to-be publishing company will begin life with no debt and about $2.6 billion in cash -- illustrating the parent company's attempt to provide the new entity with solid financials and money for acquisitions. The new company, which will carry the News Corp. name when it is inaugurated this summer, will include the Wall Street Journal, Barron's, the New York Post, the Times of London, HarperCollins book publishing and an educational materials division called Amplify.
February 13, 2013 |
Comcast Corp. is buying out General Electric Co.'s stake in entertainment company NBCUniversal for $16.7 billion, and will take full control of a media conglomerate that includes the NBC network, Universal Studios theme parks, Universal Pictures film studio and cable channels USA Network, Bravo and MSNBC. The purchase comes two years after the Philadelphia cable TV operator acquired a 51% interest in the media company, leaving GE with a 49% stake. Comcast had an option to buy more of GE's interest beginning in July 2014.