Cinema Film Production – The News Desk

Lionsgate to Separate Studios Business in $4.6 Billion SPAC Deal

22Dec

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World

Lionsgate to Separate Studios Business in $4.6 Billion SPAC Deal

Lions Gate Entertainment has agreed to separate its studios business and merge it with Screaming Eagle Acquisition, a special-purpose acquisition company.The deal, which the companies said values the studios business at about $4.6 billion including debt, will create a new, standalone publicly traded company, called Lionsgate Studios.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

For Warner-Paramount, Streaming Consolidation Is Easier Said Than Done

21Dec

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Money

For Warner-Paramount, Streaming Consolidation Is Easier Said Than Done

Dec. 21, 2023 11:23 am ETIn the current Hollywood rumor mill, one thing remains certain: Streaming consolidation will be a lot easier said than done. Warner Bros. Discovery combining with Paramount Global is the latest pitch. The Wall Street Journal and other media outlets reported late Wednesday that Warner Chief Executive David Zaslav met with Paramount Chief Bob Bakish earlier this week to discuss a possible deal. No formal talks are yet under way, and the news comes just a couple of weeks after reports that Paramount’s controlling shareholder, Shari Redstone, was talking about a potential deal with an investor group led by Skydance Media. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Beyoncé’s ‘Renaissance’ Tops U.S. Box Office With $21 Million in Sales

3Dec

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World

Beyoncé’s ‘Renaissance’ Tops U.S. Box Office With $21 Million in Sales

Beyoncé’s concert film dominated the box office on its debut weekend with an estimated $21 million in U.S. ticket sales. The 42-year-old pop singer’s “Renaissance: A Film by Beyoncé” gave a strong showing for the first weekend in December, historically a slow one for movies. It is the first time in two decades a film has opened to more than $20 million on the weekend after the Thanksgiving weekend, according to AMC Theatres, which distributed the film.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Disney, Lions Gate Pause Ads on X After Musk Agrees With Antisemitic Tweet

18Nov

By adminNo Comments

World

Disney, Lions Gate Pause Ads on X After Musk Agrees With Antisemitic Tweet

Several major entertainment companies stopped advertising on Elon Musk’s X after the social-media network’s owner described an antisemitic post this week as “the actual truth” and again lashed out at the Anti-Defamation League.Among those pausing ads on the social-media platform are Disney, Warner Bros. Discovery, Paramount Global, NBCUniversal and its parent Comcast and Lions Gate Entertainment, people close to those companies said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8