August 24, 1999 |
Viacom Inc., the world's fourth-largest media company, is in talks to buy a stake in Kirch Group, Germany's second-largest media company, according to Saudi Prince Al Waleed ibn Talal ibn Abdulaziz al Saud. The prince, who has holdings in several media companies, said Viacom Chairman Sumner Redstone asked him to broker the transaction last week. "He wants to invest in Kirch and wants us to mediate," Al Waleed said in an interview here.
July 3, 1994 |
Using words like "watershed" and "historic turning point," the leaders of Europe's beleaguered motion picture and television industry gave their backing Saturday to a series of sweeping changes that they believe will enable them to compete effectively with Hollywood in the next century.
July 1, 1994 |
In a mood of apprehension and uncertainty, 300 leading figures from Western Europe's entertainment industry convened here Thursday to confront a problem that won't go away: Hollywood. They came to the three-day European Audio Visual Conference to search for ways to revive and reshape the region's beleaguered film and television business, after being battered for years by the growing strength of their American counterparts.
April 8, 1994 |
Hollywood's response on Thursday to the long-awaited release of the European Union "Green Paper" on audiovisual policy was dramatically undramatic by community standards. There was little gnashing of teeth or doomsday prognosticating . . . even from the industry's former Chicken Little, Motion Picture Assn. of America President Jack Valenti. That may reflect a new cautiousness in dealing with the sensitive trade issue, especially in public.
March 26, 1994 |
In a sign that Europe could ease barriers limiting Hollywood's access to the Continent's entertainment market, a senior European Union official Friday declared that the union plans to move away from protectionist measures that prop up its struggling audiovisual sector.
March 2, 1994 |
An influential European official involved in film and television policy-making assured Hollywood on Tuesday that Europe will be open to discussions about loosening its restrictive film and television policies. But Joao de Deus Pinheiro also warned that European countries may impose further "shrewd protectionist measures" unless their moribund entertainment industry recovers.