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The changes will begin to take place after private equity firm Colony Capital completes its acquisition of LodgeNet Interactive, part of a pre-packaged Chapter 11 that’s expected to wrap up later this month. At that point DirecTV will participate in what the companies call “an expanded strategic relationship” to improve LodgeNet’s interactive TV and broadband services which go to 1.4M hotel and hospital rooms in the U.S. and Canada. The No. 1 satellite company will provide LodgeNet’s customers with “upgraded products and services” and receive warrants that it can use to buy up to 2.5% of the restructured LodgeNet. The arrangement will provide customers with “a unique financing program to facilitate upgrades to HDTV service at little or no out-of-pocket capital expense.” In addition, LodgeNet plans to offer additional a la carte programming, exclusive content, and DirecTV’s NFL Sunday Ticket. LodgeNet’s user interface will resemble DirecTV’s, and the satellite company will provide support for operations and customers. READ MORE »
Lodgenet Vows To Improve Hotel TV By Expanding Relationship With DirecTV
Miramax’s Colony Capital Goes After Summit
EXCLUSIVE: It escaped almost everybody’s notice that Colony Capital’s Tom Barrack and his buddy and business associate Rob Lowe attended the November 14th premiere of Twilight Saga: Breaking Dawn Part 1. There appeared no reason for the pair to be … Read More »
Miramax Raising $550M With $142M For Dividend To Colony Capital: Bloomberg
The studio had already said in October that it wants to refinance much of the debt taken on last December when investor Ron Tutor, and Tom Barrack’s Colony Capital, paid Disney $660M for Miramax. We just didn’t know how … Read More »
TOLDJA! Miramax Formalizes New CEO Hire
As expected, former News Corp exec Mike Lang was named CEO of the new Miramax Films now owned by construction magnate Ron Tutor and Tom Barrack’s Santa Monica-based Colony Capital (led by former Disney CFO Richard Nanula), and Qatar Holding. Colony Capital’s Nanula will be the key person picking a CEO … Read More »
TOLDJA! Done Deal: Disney Sells Miramax To Ron Tutor & Colony Capital For $660M
Miramax Deal “95%” Done
Colony Capital Now Leading Ron Tutor’s Miramax Negotiations
Back on July 8th I was the first to tell you … Read More »
TOLDJA! Tutor Confirms David Bergstein Won’t Have Role In New Miramax
Back on July 7th and again on July 8th, I was first to report that the notorious film financier David Bergstein “was being pushed aside” and would have no role in Miramax once it was purchased from Disney by construction magnate Ron Tutor and Santa Monica-based Colony Capital. … Read More »
Miramax Deal “95%” Done: Only “Couple” Of Deal Terms And Timing Issues Remaining
I couldn’t agree more with a Disney insider who … Read More »
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