Rogers Communications Looking For New CEO
Canadian cable-TV-wireless-broadband provider Rogers Communications CEO Nadir Mohamed plans to retire next January. The board will appoint a search firm and begin looking internationally for a replacement, the Toronto-based company announced. Neither Ed Rogers nor Melinda Rogers, children of founder Ted Rogers, will put their names forward for the top job. Rogers is controlled by a family trust through a dual-class stock structure. While Mohamed’s decision was unexpected, the fact the Rogers children aren’t in the running signals the move wasn’t forced on him, said Maher Yaghi, an analyst at Desjardins Securities in Montreal. A global CEO search also provides the opportunity to look for someone with a fresh approach, he said. Separately, Rogers reported 4th-quarter profit that beat analysts’ estimates. Shares today rose 4.1% to C$47.32 at the close in Toronto, the biggest gain since July. Rogers shares have climbed 25% in the past year.
Senator, Silver Reel Seal Output Deal
Germany’s Senator Entertainment has signed a three-year output deal with financiers Silver Reel. The deal covers German rights to international productions backed by Silver Reel. The first titles under the deal are romantic fantasy adventure Fallen by Scott Hicks and Scottish thriller Under The Skin directed by Jonathan Glazer and starring Scarlett Johansson. Senator plans to release three to four internationally produced Silver Reel titles a year. Silver Reel’s slate also includes Solace with Anthony Hopkins and Colin Farell which came together just ahead of the EFM, Olivier Dahan’s Grace Of Monaco starring Nicole Kidman, and Jonathan Teplitzky’s The Railway Man starring Kidman and Colin Firth.
‘The Broken Circle Breakdown’ Wins Europa Prize In Berlin
Felix van Groeningen’s The Broken Circle Breakdown has been named the Best European Film in the Panorama section of the Berlin Film Festival by Europa Cinemas. Winners of the Europa Cinemas Label receive promotional and other support plus incentives for exhibitors to extend a film’s theatrical run. Belgian director van Groeningen’s film is a love story set against the backdrop of a bluegrass band. Sold internationally by The Match Factory, the film stars Johan Heldenbergh, Veerle Baetens and Nell Cattrysse.