UPDATE: Disney Denies Claims It Is Close to Selling ABC

By | Wednesday May 26, 2010 @ 10:59am PDT
Nellie Andreeva

UPDATE 11 AM: The Walt Disney Co. just issued the following statement relating to the complaint filed by the U.S. Attorney on May 26 in New York:

The Walt Disney Company has been fully cooperating with this investigation. The reference in the complaint to conversations regarding the ABC Network were and

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Lower Bid? Reluctant TWC Board? Implosion Of Miramax Deal Takes On Rashomon Complexity

By | Wednesday May 26, 2010 @ 6:12am PDT
Mike Fleming

ron_burkle.03UPDATE WRITE-THRU: Why did Disney’s sale of Miramax Films to Ron Burkle and Bob and Harvey Weinstein implode at the last moment? It’s become a real Rashomon. One version is that as lawyers put the finishing touches on a deal worth … Read More »

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UPDATE: Ron Burkle & Harvey Weinstein Insist Still “Working Towards” Miramax Deal — Despite Disney Telling Media It’s Dead

By | Friday May 21, 2010 @ 5:48pm PDT
Mike Fleming

UPDATE 5:45 PM: Ron Burkle and Harvey Weinstein just issued this joint statement in response to Disney insiders telling the media (including Deadline) that the Miramax deal with them is “dead”:

“The Weinstein Brothers, The Weinstein Company and Ron Burkle are all working towards

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Carl Icahn Extends $7 Offer To Lionsgate Shareholders, But Is Support Fading?

By | Friday May 21, 2010 @ 12:21pm PDT
Mike Fleming

icahnCarl Icahn has extended his offer to Lionsgate shareholders to 8 PM on June 1, but his campaign seems to be losing steam. He had 7 million shares, or 6.3% of the company tendered two weeks ago, but now is down … Read More »

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Lionsgate Announces Talks With Icahn

By | Monday May 17, 2010 @ 12:22pm PDT

BREAKING NEWS! The studio just filed a 14D-9 a few minutes ago announcing that “settlement discussions” with Carl Icahn have begun. A sources tells me that the corporate raider/shareholder activist came to Lionsgate “and wanted to talk. LG has a fiduciary responsibility to listen.  He is their second largest shareholder and they will … Read More »

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NBC CANCELS ‘LAW & ORDER’ FLAGSHIP: Dick Wolf Furious That Net Reneged On Deal And May Take Show To TNT; Should NBC Reconsider?

By and | Thursday May 13, 2010 @ 3:55pm PDT


nbc-logo-rgb-pos2.thumbnailHere’s the latest news on this fast-moving story. A deal was in place if NBC picked up the Law & Order flagship for a 21st season consisting of 16 episodes. But insiders say Dick … Read More »

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Lionsgate Shareholders OK Poison Pill (Which Studio Can’t Use Against Icahn)

By | Wednesday May 12, 2010 @ 9:50am PDT

feltheimer-200This is little more than a PR maneuver by Lionsgate. Since both a British Columbia regulatory commission as well as a British Columbia Appeals Court have ruled that the studio can’t use a poison pill defense against Carl Icahn’s attempted takeover. … Read More »

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Jeff Zucker Launches Charm Offensive…

By | Tuesday May 11, 2010 @ 11:17am PDT

zucker punchedWithin the next hour, Jeff Zucker will be sitting down with Los Angeles-based showbiz journalists for one of his annual off-the-record sessions. But the NBCU chief plans on demonstrating he’s a new and supposedly improved Zucker. A nicer Zucker. And not … Read More »

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Bob Berney Flies To Cannes Amid Rumors; More Insight Into Why He Exited Apparition

By | Tuesday May 11, 2010 @ 9:31am PDT
Mike Fleming

UPDATE: The rumors keep flying about where Bob Berney will land. Deadline has already posted Team Harvey’s denial that the ex-Apparitions chief is headed to the Weinsteins. At least not yet. (Berney Exit Blindsides Apparition) Now the latest chatter is that Berney … Read More »

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UPDATE: Berney Exit Blindsides Apparition

By | Monday May 10, 2010 @ 9:01pm PDT
Mike Fleming


UPDATE: Insiders are denying the rumor that Bob Berney is going to work with Harvey and Bob Weinstein. I’m told there haven’t been any talks — yet.  Meanwhile, I’ve learned that Berney has the ability to take key staffers with him wherever he’s … Read More »

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Miramax Deal To Be Announced At Cannes

By and | Monday May 10, 2010 @ 1:21pm PDT

miramax_logo_blackEXCLUSIVE: We hear the deal to put the Miramax name and library under new ownership is done. But the reason there is no announcement is that Harvey Weinstein wants to make a publicity splash at the Cannes Film Festival which kicks off Wednesday. [… Read More »

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PR Battle Now Over Lionsgate Shareholders

By | Monday May 10, 2010 @ 1:15pm PDT

Today, Lionsgate issued a statement that its shareholders had “rejected” the $7 a share tender offer by Carl Icahn to acquire up to all of Lionsgate’s common shares in his bid for a hostile takeover of the studio. But that’s not new. We knew that he had not received the … Read More »

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CNN: Is This China’s Harvey Weinstein?

By | Sunday May 9, 2010 @ 6:40pm PDT

Meet Wang Zhongjun, China’s 50-year old film and television mogul, 1/2 of Huayi Brothers Media which he founded with his youngest brother Wang Zhonglei in 1994. (Ergo, CNN’s Harvey Weinstein comparison.) Originally doing advertising commissions, the company morphed into a film production company in 1998 and has grown to become … Read More »

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UPDATE: Lionsgate Loses Poison Pill Appeal; What Defense Against Icahn Is Left?

By | Friday May 7, 2010 @ 11:54am PDT

UPDATE: Drama, drama, drama! (And fast drama.) First, the British Columbia Court of Appeals today granted lionsgate_logoLionsgate’s request to reexamine the British Columbia Securities Commission’s decision to stop the studio from using a poison pill defense against Carl Icahn’s attempted hostile … Read More »

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MGM Creditors Auditioning Moguls?

By | Friday May 7, 2010 @ 7:33am PDT
Mike Fleming

Bloomberg.com is reporting that MGM creditors are canvassing Hollywood execs to run a studio the creditors would keep rather than sell off at fire sale price. The report lists Peter Chernin, Jonathan Dolgen, Spyglass partners Roger Birnbaum and Gary Barber as execs who’ve met recently. Joe Roth, Rick Sands … Read More »

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Fly On The Wall At Universal Commissary

By | Thursday May 6, 2010 @ 6:08pm PDT

UPDATE: First, Steven Spielberg spent an hour at lunch today with Jeffrey Katzenberg at the Universal commissary. Then Spielberg walked over and sat down at the table where Jeff Zucker and Adam Fogelson were talking after having meals with others. Look, if I have to explain the backstories among these players, … Read More »

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Icahn Extends Lionsgate Offer By 10 Days

By | Friday April 30, 2010 @ 9:21pm PDT

icahn lgToday was supposed to be the deadline for Carl Icahn’s $7 per share tender offer made to Lionsgate stockholders. But stockholders were cold to the proposal: only 6.55 million shares have been tendered so far. I don’t think the … Read More »

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ICAHN: New Lionsgate Numbers “A Sham”; If No 51%, Might Extend Tender Offer; “Probably” Wage Proxy Fight For Studio

By | Thursday April 29, 2010 @ 11:09am PDT

Here we go again! (See video below) Just now, on CNBC, Carl Icahn responded to Lionsgate Vice Chairman Michael Burns on-air boasts that studio management “crushed the numbers” and its current model is working. “The information Lionsgate is giving us is a sham,” … Read More »

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Lionsgate’s Michael Burns Taunts Raider Carl Icahn: “We Crushed The Numbers”

By | Thursday April 29, 2010 @ 10:53am PDT

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