July 7, 2013 |
Richard Nanula has resigned as chairman of Miramax and as a principal of private equity firm Colony Capital, a co-owner of the independent movie producer, in the wake of two websites recently publishing photos of a man identified as Nanula having sex with an adult film actress. The resignation of Nanula was confirmed by an executive close to Colony with direct knowledge of the matter who declined to speak publicly because of the sensitive nature of the situation. His exit comes after he had taken an abrupt leave of absence in late June.
CALIFORNIA | LOCAL
June 5, 2013 |
His name is Dr. Tohme Tohme, and although he has not taken the witness stand in the Michael Jackson wrongful death case, he was the center of attention Wednesday. Tohme was one of Jackson's many managers, who seemed to come and go. “With Michael Jackson and his advisers you needed a scorecard,” testified Randy Phillips, chief executive of AEG Live, which was promoting and producing the singer's comeback concerts. Phillips said he was introduced to Tohme in a meeting at the Century City offices of Colony Capital, the investment firm that held the mortgage on Jackson's Neverland Ranch.
October 22, 2009 |
Bank of America Corp. has agreed to sell First Republic Bank, which mostly serves affluent clients in California and five other states, to private investors for a price said to exceed $1 billion. The buyers include private equity firms Colony Capital of Santa Monica and General Atlantic of Greenwich, Conn. They have partnered with First Republic Chairman James H. Herbert II and President Katherine August-deWilde in the deal. The parties didn't disclose the price, but a person familiar with the matter said it was more than $1 billion.
June 27, 2013 |
China's domestic box office has generated about $1.63 billion in the first half of the year, a government panel said, another sign of the film industry's growth in that country. It's the first time China's box office take has hit the milestone of 10 billion yuan in the first six months of the year, according to the National Film Development Special Funds Management Committee. The committee did not offer comparative data for last year. FULL COVERAGE: Reel China China is now the world's second-largest movie market behind the United States, with box-office takings reaching $2.74 billion in 2012, and it's expected to take the No. 1 spot within a few years . ALSO: 'Duck Dynasty,' 'Vikings' lift A&E Networks in second quarter Former Maker Studios CEO sues co-founders, board members Colony Capital and Miramax exec Richard Nanula takes leave from firms Twitter/ @rfaughnder email@example.com MORE INTERACTIVE: TVs highest paid stars ON LOCATION: People and places behind what's onscreen
June 21, 2008 |
ON THE topic of Michael Jackson performing in Las Vegas, the mainstream media seem endlessly gullible. I don't care what the Wall Street Journal says. And I don't care what the New York Times offers. Michael Jackson is not going to be doing a show or shows in Vegas any time soon. As readers of the Buffet know, since December 2006, I have been swatting at rumors of various Michael Jackson comebacks set in Vegas. I have even offered the dude a gig in Vegas myself. Yet despite years of nothing happening, the rumors continue.
CALIFORNIA | LOCAL
May 31, 2013 |
Michael Jackson lost $26 million on the first leg of the HIStory tour in the mid-1990s and was in debt for sound, lighting and other expenses, according to testimony Friday in the wrongful death suit his family has filed. Paul Gongaware, now co-CEO of AEG Live/Live Nation, testified he was brought as tour executive for the 40 concerts that made up the second leg of the world tour. “I had to go in and cut a lot of expenses," Gongaware said. "There was so much excess. " FULL COVERAGE: AEG wrongful death trial Gongaware said HIStory, at the time considered one of the most ambitious tours ever, eventually broke even.
March 19, 2012 |
Stanley Gold and the family of the late Roy Disney were reinstated to the Dodgers bidding Monday, leaving five parties in contention to buy the team. The decision was disclosed by two people familiar with the sale process but not authorized to comment. The Gold/Disney bid had been rejected last week by a committee of Major League Baseball owners, amid concerns over the structure of an offer that included private equity financing to back the launch of a regional sports network.
July 8, 2013 |
After the coffee. Before going for Dwight Howard's job at the Lakers. The Skinny: Spent the weekend watching some of season one of "The Sopranos. " Forgot how great that show was. Monday's headlines include the box office recap and a look at "The Lone Ranger," which is the summer's latest big flop. Also, Richard Nanula resigns from Miramax and Colony Capital and Legendary Entertainment is nearing a decision on a new home. Daily Dose: Kicking the tires of the online video site Hulu isn't the only thing DirecTV is up to these days.
July 1, 2013 |
After the coffee. Before figuring out how to make a short week shorter. The Skinny: Sunday nights aren't the same without "Mad Men" or "Veep " but I am enjoying Netflix's new show "Orange Is the Black," which debuts for regular folks later this month. Monday's headlines include a big deal by Tribune Co., the weekend box office report and more bad news for Richard Nanula, who took a leave as chairman of Miramax last week. Daily Dose: Al Jazeera America continues to beef up its staff in advance of launching here in late August.
June 6, 2007 |
Colony Capital, a Century City real estate investment company, said Tuesday that it had agreed to pay $5.4 billion for a majority stake in a European fuel refining and retail company owned by Libya. The deal, which is worth 4 billion euros, gives Colony 65% ownership of Tamoil, a refiner and gas-station operator based in the Netherlands and owned by the Libyan government.