The mountains are as gorgeous as ever, the deal climate not so much as boutique investment bank Allen & Co. prepares to host its annual Sun Valley retreat. After guests arrive on Tuesday, official activities get under way Wednesday.
The annual ritual of media-mogul whitewater rafting and shop talk is a 40-year, post-July 4 tradition. It was suspended in 2020 during the worst of Covid but returned last year in a pared-down, masked-and-vaxxed version soon after two major deals were announced — the Warner Media/Discovery merger and Amazon’s planned takeover of MGM. Discovery’s then CEO David Zaslav’s first comment to the Sun Valley press cadre a year ago: “We’re not done yet.”
Now he’s chief executive of the new Warner Bros. Discovery and will likely be more circumspect as the high-debt company tries to deliver on a promised 3 billion in cost savings, and, with its peers, weather a brutal stock market,...
The annual ritual of media-mogul whitewater rafting and shop talk is a 40-year, post-July 4 tradition. It was suspended in 2020 during the worst of Covid but returned last year in a pared-down, masked-and-vaxxed version soon after two major deals were announced — the Warner Media/Discovery merger and Amazon’s planned takeover of MGM. Discovery’s then CEO David Zaslav’s first comment to the Sun Valley press cadre a year ago: “We’re not done yet.”
Now he’s chief executive of the new Warner Bros. Discovery and will likely be more circumspect as the high-debt company tries to deliver on a promised 3 billion in cost savings, and, with its peers, weather a brutal stock market,...
- 7/2/2022
- by Jill Goldsmith
- Deadline Film + TV
Boy, Tencent is smart. If you want to get a handle on just how smart, consider this: Last Thursday (July 9th), entertainment-and-electronics giant Sony Corporation announced it was buying a minority stake worth $250 million in Epic Games, maker of Fortnite. Epic recently nailed a $17 billion valuation, meaning Sony’s stake will be worth around 1.5% of the company.
But eight years ago, in summer 2012, Chinese competitor Tencent already spent a comparable sum ($330 million) buying its own stake in Epic. This was five years before Fortnite publicly launched. The deal netted Tencent...
But eight years ago, in summer 2012, Chinese competitor Tencent already spent a comparable sum ($330 million) buying its own stake in Epic. This was five years before Fortnite publicly launched. The deal netted Tencent...
- 7/13/2020
- by Tim Ingham
- Rollingstone.com
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.