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.
June 27, 2013 |
After the coffee. Before going back to my salad diet. The Skinny: Had dinner at the iconic diner Pann's on Wednesday night and now I can't move. But it was worth it. Thursday's headlines include a potential scandal involving a top Miramax executive, CNN bringing back "Crossfire" and moguls getting ready for Allen & Co.'s annual Sun Valley, Idaho, conference. Daily Dose: While Food Network personality Paula Deen continues to get beaten up by the media and business partners (see below)
August 26, 2013 |
After the coffee. Before Joe changes his passwords. The Skinny: I missed the MTV Video Music Awards, but here's my token reaction: One Direction won for song of the summer over Robin Thicke and Daft Punk? How does that make sense? Today's headlines include "The Butler's" box-office win and a new deal between Lionsgate and Tandem Communications. Daily Dose: Lionsgate has teamed up with the Munich, Germany-based company Tandem Communications to co-produce TV series internationally.
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.
April 10, 2012 |
Troubled film financier David Bergstein has sued the owners of Miramax, alleging that they denied him money and an equity stake owed for his role in the acquisition of the film label from Walt Disney Co. in 2010. The suit, filed Monday in Los Angeles Superior Court by the law firm Weingarten Brown, contends that Bergstein — who has been involved in dozens of lawsuits, many related to his activities in the film business — played a crucial role in the deal to acquire Miramax. It asserts that Santa Monica private equity firm Colony Capital, one of Miramax's new owners, and its principal Richard Nanula conspired to deny Bergstein a $6.1-million fee and 3.3% stake they agreed to provide him as part of the purchase.
August 5, 2013 |
After the coffee. Before preparing for a Monday without "Under the Dome. " The Skinny: I guess if you force yourself to watch something long enough sooner or later you'll start to like it a little. That appears to be happening to me with HBO's "Newsroom. " Just don't tell anyone. Monday's headlines include coverage of the CBS-Time Warner Cable fight and a recap of the weekend box office. Daily Dose: Satellite broadcaster DirecTV got some attention for coming out in support of Time Warner Cable in the pay-TV fight against CBS over a new distribution deal.
January 24, 2001 |
Two affiliates of buyout firm Colony Capital of Los Angeles have terminated their previously announced plan to buy casino operator Pinnacle Entertainment Inc. in a deal valued at about $1.3 billion. Glendale-based Pinnacle said the parties involved, which had previously agreed on a Jan. 31 extension of their deadline to close the deal, "mutually agreed that the merger agreement and all related transaction documents have been terminated."
November 2, 2012 |
Tom Barrack's Colony Capital is taking a big step into foreclosures. The Santa Monica real estate investment firm won an auction by the federal government to purchase 970 foreclosed homes in California, Arizona and Nevada from mortgage titan Fannie Mae for $176 million. Barrack, owner of Colony Capital in Santa Monica, has had his name associated as a contender for several high-profile deals this year. He tried unsuccessfully to buy the Dodgers and he is considered a potential bidder for Anschutz Entertainment Group, better known as AEG, the Los Angeles sports and entertainment giant behind Staples Center and L.A. Live.