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ENTERTAINMENT
January 21, 2013 | By Ben Fritz
In a move that gives more control of the independent film studio to investment firm Colony Capital and its chief Tom Barack, construction magnate Ron Tutor has sold his stake in Miramax. The buyer is the Qatari Investment Authority, the sovereign wealth fund of the Middle Eastern nation and a partner of Colony's, said a knowledgeable person who was not authorized to discuss the topic publicly. The Qatari fund was already the largest stakeholder in Miramax when a consortium of buyers acquired the pioneering independent film company from Walt Disney Co. in 2010 for $663 million.
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CALIFORNIA | LOCAL
October 17, 2013 | By Dan Weikel
A $250-million runway at Los Angeles International Airport, rebuilt six years ago, is riddled with construction defects, including cracks, exposed steel reinforcing bars and deteriorating concrete, according to city officials. The mounting problems, including the runway's failure to meet Federal Aviation Administration construction standards, could disrupt future flight operations at the nation's third-busiest airport, according to a city lawsuit filed against companies responsible for the work.
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BUSINESS
June 5, 2010 | By Claudia Eller and Dawn C. Chmielewski, Los Angeles Times
Los Angeles construction magnate Ron Tutor and his embattled film financier partner, David Bergstein, will enter into exclusive negotiations Monday with Walt Disney Co. to acquire Miramax Films. Tutor told The Times that the parties reached a handshake agreement Thursday night, adding that documents were being reviewed by lawyers. The exclusive negotiating window expires at midnight June 17, Tutor said, though such deadlines are often extended. A Disney representative did not return calls and e-mails seeking comment.
CALIFORNIA | LOCAL
August 11, 2013 | By Ralph Vartabedian
The start of construction on California's bullet train, one of the nation's largest "shovel ready" public work projects that was awarded stimulus funding three years ago by the Obama administration, is slipping past already-delayed target dates, interviews show. In early 2012, state officials said construction would begin that year. Early this year, officials adjusted their sights, saying they would begin building the massive new transportation network in the spring, later announcing the groundbreaking would take place in July.
BUSINESS
July 30, 2010 | By Claudia Eller and Dawn C. Chmielewski, Los Angeles Times
After months of negotiations with various buyers that failed to bear fruit, Walt Disney Co. finally reached a deal to sell its Miramax Films unit in a deal that severs the independent movie pioneer's 17-year association with the Burbank studio. Disney late Thursday signed a definitive agreement to sell Miramax to Filmyard Holding, an investor group led by Los Angeles construction magnate Ron Tutor, for more than $660 million, putting the future of the company with a long string of award-winning films into the hands of a Hollywood outsider.
CALIFORNIA | LOCAL
October 17, 2013 | By Dan Weikel
A $250-million runway at Los Angeles International Airport, rebuilt six years ago, is riddled with construction defects, including cracks, exposed steel reinforcing bars and deteriorating concrete, according to city officials. The mounting problems, including the runway's failure to meet Federal Aviation Administration construction standards, could disrupt future flight operations at the nation's third-busiest airport, according to a city lawsuit filed against companies responsible for the work.
NEWS
April 7, 1987
The only projected contractor for doing the proposed $9-million Coliseum seating reconfiguration this year issued a written ultimatum Monday that it will bow out of the project unless it has an executed contract and a bank loan in hand by Friday. Ron Tutor, president of the Tutor-Saliba Corp.
BUSINESS
May 17, 2011 | By Ben Fritz and Steven Zeitchik, Los Angeles Times
Miramax Films has signed a multiyear agreement worth at least $100 million to make its movies available on Netflix's online streaming service. The newly independent studio decided to forego a potentially larger payment from Netflix in order to keep the distribution deal non-exclusive. That will allow Miramax to offer its films on other digital platforms as well, according to a knowledgeable person who asked not to be identified because the deal terms are confidential. Miramax has been having such discussions with Google, Hulu, Amazon.com and other online distributors.
BUSINESS
June 2, 2011 | By Ben Fritz, Los Angeles Times
Miramax Films has signed a digital distribution agreement with online video distributor Hulu as part of an ongoing effort to generate more revenue from its library of more than 700 films. Subscribers to Hulu's premium service Hulu Plus, which costs $7.99 a month, will get access to hundreds of Miramax titles that will be added over the next few months. "Pulp Fiction" and 26 others were the first to be made available for streaming Wednesday. Miramax announced a similar deal last month to put its films on Netflix's Internet streaming service.
BUSINESS
February 12, 2011 | By Ben Fritz, Los Angeles Times
The new owners of Miramax Films, focusing on one of its key assets, signed Lionsgate and Studiocanal to distribute the independent studio's library of more than 550 titles in the home entertainment market. Under a multi-year agreement announced Friday, Santa Monica studio Lionsgate and Paris film company Studiocanal will handle release of Miramax's movies on DVD, Blu-ray and digital platforms. Lionsgate will distribute the titles, which include "Shakespeare in Love," "Kill Bill" and "Good Will Hunting" in the U.S. and Canada.
ENTERTAINMENT
June 26, 2013 | By Daniel Miller
Miramax Chairman Richard Nanula has taken a leave of absence from the Santa Monica independent film studio and from its co-owner Colony Capital, where he is also a principal. The disclosure of Nanula's departure Wednesday came after two websites recently published photos of a man identified as Nanula having sex with an adult film actress. One of the sites has since removed the photos. A spokeswoman for Colony Capital declined to discuss the posted images or when Nanula might return.
ENTERTAINMENT
June 14, 2013 | By Daniel Miller
Former Los Angeles County Dist. Atty. Steve Cooley and former Deputy Dist. Atty. Alan Jackson have joined a high - stakes Hollywood legal battle related to the failed movie business dealings of construction magnate Ron Tutor and a partner. Last month, Cooley and Jackson became members of the legal team representing controversial film financier David Bergstein, who is involved in several lawsuits associated with the bankruptcies of film companies he co-owned with Tutor, the chief executive of Tutor Perini Corp.
ENTERTAINMENT
January 21, 2013 | By Ben Fritz
In a move that gives more control of the independent film studio to investment firm Colony Capital and its chief Tom Barack, construction magnate Ron Tutor has sold his stake in Miramax. The buyer is the Qatari Investment Authority, the sovereign wealth fund of the Middle Eastern nation and a partner of Colony's, said a knowledgeable person who was not authorized to discuss the topic publicly. The Qatari fund was already the largest stakeholder in Miramax when a consortium of buyers acquired the pioneering independent film company from Walt Disney Co. in 2010 for $663 million.
BUSINESS
June 2, 2011 | By Ben Fritz, Los Angeles Times
Miramax Films has signed a digital distribution agreement with online video distributor Hulu as part of an ongoing effort to generate more revenue from its library of more than 700 films. Subscribers to Hulu's premium service Hulu Plus, which costs $7.99 a month, will get access to hundreds of Miramax titles that will be added over the next few months. "Pulp Fiction" and 26 others were the first to be made available for streaming Wednesday. Miramax announced a similar deal last month to put its films on Netflix's Internet streaming service.
BUSINESS
May 17, 2011 | By Ben Fritz and Steven Zeitchik, Los Angeles Times
Miramax Films has signed a multiyear agreement worth at least $100 million to make its movies available on Netflix's online streaming service. The newly independent studio decided to forego a potentially larger payment from Netflix in order to keep the distribution deal non-exclusive. That will allow Miramax to offer its films on other digital platforms as well, according to a knowledgeable person who asked not to be identified because the deal terms are confidential. Miramax has been having such discussions with Google, Hulu, Amazon.com and other online distributors.
BUSINESS
February 12, 2011 | By Ben Fritz, Los Angeles Times
The new owners of Miramax Films, focusing on one of its key assets, signed Lionsgate and Studiocanal to distribute the independent studio's library of more than 550 titles in the home entertainment market. Under a multi-year agreement announced Friday, Santa Monica studio Lionsgate and Paris film company Studiocanal will handle release of Miramax's movies on DVD, Blu-ray and digital platforms. Lionsgate will distribute the titles, which include "Shakespeare in Love," "Kill Bill" and "Good Will Hunting" in the U.S. and Canada.
CALIFORNIA | LOCAL
June 11, 2003 | Ted Rohrlich, Times Staff Writer
The California Department of Transportation has awarded a $177-million contract to embattled public works construction giant Tutor-Saliba Corp. The action followed a ruling by retired Contra Costa Superior Court Judge Coleman F. Fannin, rejecting a competitor's plea to block Tutor-Saliba from the job to rebuild approaches to the Bay Bridge. The competitor claimed Tutor-Saliba is unreliable.
BUSINESS
December 7, 2010 | By Ben Fritz, Los Angeles Times
With the sale of Miramax Films completed, the future of the pioneering independent studio will be a test of one of Hollywood's newest sources of money: Colony Capital. Since the 19-year-old Santa Monica investment firm joined in late June with construction magnate Ron Tutor to bid for Miramax, Colony has taken the lead in shaping the acquisition, raising money and charting a new course for the studio. The $663-million deal's lead investor was the Qatar government's sovereign wealth fund, which was recruited by Colony founder and Chief Executive Tom Barrack.
BUSINESS
December 16, 2010 | By Ben Fritz, Los Angeles Times
Bob and Harvey Weinstein are back in business with Miramax Films. The independent film-mogul brothers, who this year lost out on a bid to buy back from Walt Disney Co. the specialty label they founded, have signed a deal to partner with the new owners of Miramax to produce sequels and spin-offs to 10 movies that they made in the 1990s and early 2000s. Initially, Weinstein Co. expects to produce new installments of the Oscar-winning romantic comedy "Shakespeare in Love," the dark comedy "Bad Santa" and the 2005 remake of "The Amityville Horror.
BUSINESS
December 7, 2010 | By Ben Fritz, Los Angeles Times
With the sale of Miramax Films completed, the future of the pioneering independent studio will be a test of one of Hollywood's newest sources of money: Colony Capital. Since the 19-year-old Santa Monica investment firm joined in late June with construction magnate Ron Tutor to bid for Miramax, Colony has taken the lead in shaping the acquisition, raising money and charting a new course for the studio. The $663-million deal's lead investor was the Qatar government's sovereign wealth fund, which was recruited by Colony founder and Chief Executive Tom Barrack.
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