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.
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.
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.
December 17, 2013 |
Harvey and Bob Weinstein are getting the reunion they've long sought - and moviegoers could end up getting sequels to such older favorites as "Shakespeare in Love," "Swingers" and "Rounders. " The brothers' film company, Weinstein Co., has struck a production and distribution deal that reconnects them to Miramax, the company they founded in 1979 and built up with such critically acclaimed movies as "sex, lies and videotape" and "Reservoir Dogs" before selling to Walt Disney Co. in 1993.
September 25, 2009 |
Tom Barrack is considered one of the savviest commercial real estate investors of the last 20 years. But his bid to lure public investors to join with him fell far short this week. Barrack, the 62-year-old founder of L.A.-based real estate and private-equity giant Colony Capital, wanted to raise $500 million via a new real estate investment trust that would buy troubled commercial property debt. His Wall Street bankers could rustle up only half that sum from investors. The initial public stock offering of Colony Financial Inc. raised $250 million Wednesday by selling 12.5 million shares at $20 each, instead of the 25 million shares Barrack had wanted to issue.
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.
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.
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.
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.
March 8, 2012 |
Jared Kushner has withdrawn from the Dodgers sweepstakes, leaving seven parties in the running to buy the team. Kushner, the owner and publisher of the New York Observer and son-in-law of Donald Trump, submitted a bid with a financial structure Major League Baseball declined to approve, according to a person familiar with the sale process but not authorized to discuss it. Kushner was invited to consider restructuring his bid or joining with...