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.
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)
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.
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.
July 8, 2013 |
The Miramax film company's attempts to reestablish itself as a Hollywood powerhouse hit another snag with the resignation of Chairman Richard Nanula, a veteran executive who formerly held prominent posts at Walt Disney Co. and Amgen Inc. Nanula's departure Sunday came after two websites published photographs last month of a man they identified as the executive having sex with an adult-film actress. Nanula, 53, and his attorney did not respond to requests for comment. PHOTOS: Hollywood Backlot moments Miramax, founded by brothers Harvey and Bob Weinstein in 1979, produced a string of Oscar-winning films, including "Chicago" and "Shakespeare in Love.
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.
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.