October 18, 2012 |
Creative Artists Agency and one of the top talent agencies in India, Kwan Entertainment & Marketing Solutions, have formed a joint venture to represent Bollywood talent, in a move that underscores the importance of the growing Asian market to the entertainment industry. The newly formed CAA Kwan will pursue opportunities for talent in film, television, music, commercial endorsements, sports consulting and other businesses. The company will be based in Mumbai, with offices in Delhi, Bangalore and Hyderabad.
September 24, 2012 |
Sotheby's will expand its presence in China with a new, 10-year joint venture that will see the auction house giant team up with a state-owned Chinese art company. The deal will create a new entity called Sotheby's (Beijing) Auction Co., Ltd. Sotheby's said the new company would be the first international fine-art auction house in China. The agreement is subject to approval from the Chinese government. Under the new deal, Sotheby's said it would focus on auctions and exhibitions.
August 12, 2012 |
A quarter century ago, Fox figured there was room for more than just three big TV networks. It created Fox Broadcasting, which would redefine television with shows such as "Married ... with Children,""The Simpsons,""24" and"American Idol. " Now, Fox is hoping to stage an encore. Rupert Murdoch's company on Monday unveiled MundoFox, a new Spanish-language broadcast network. A joint venture with Colombian powerhouse RCN Television Group, the network will challenge the Spanish-language media dominance of entrenched rivals Univision Communications and Telemundo.
July 25, 2012 |
This post has been corrected. See the note at the bottom for details. Toymaker Jakks Pacific is joining forces with Los Angeles tech firm Nantworks to develop and sell a new line of toys tied to smart devices. The toy collection will incorporate a free app designed by Nantworks that uses image-recognition technology to recognize objects and trigger photos, animations and other data to pop up on a smartphone or tablet computer. For example, a smartphone with the app open can be pointed to a costume tiara - and on the phone's screen, hair could be programmed to digitally grow from the crown, said Stephen Berman, Jakks' chief executive.
March 23, 2012 |
In the latest sign of China's rising importance in the global aviation industry, Cessna Aircraft Co. said it would develop a plan to build business jets with the state-owned Aviation Industry Corp. of China. The announcement paves the way for Cessna of Wichita, Kan., to become the first U.S. aircraft maker to manufacture business jets in China, the fastest-growing market for the multimillion-dollar planes. "We believe China represents a significant opportunity for growth," said Scott Donnelly, chief executive of Cessna's parent company, U.S. conglomerate Textron Inc., at a signing ceremony Friday at the Great Hall of the People in Beijing.
March 20, 2012 |
Looks like Oprah Winfrey has had one of her trademark "aha!" moments. Winfrey and Discovery Communications Inc., partners in the Oprah Winfrey Network, announced cutbacks and an executive restructuring at the struggling cable channel. The moves follow OWN's decision Friday to cancel its high-profile Rosie O'Donnell talk show and will result in 30 staffers being let go and executives from Discovery Communications being brought in to oversee key operations. The changes come as OWN continues to struggle to find its voice.