Federation Entertainment has hit the M&A trail once again by taking a majority stake in Britannia, Bronson and Bulletproof producer Vertigo Films, its first British acquisition.
19.08.2022 - 01:47 / deadline.com
The board of Madison Square Garden Entertainment said today that it is considering a spinoff of its live entertainment business that would include MSG Networks and NYC’s Madison Square Garden, Radio City Music Hall and Beacon Theatre, among other assets.
A deal would separate the live entertainment and MSG Networks businesses from MSG Sphere and Tao Group Hospitality to create two public companies, MSG said. No timetable for a potential transaction was set.
Shares in Madison Square Garden Entertainment jumped 6% in after-hours trading on the news.
The Dolan family, which controls MSG, previously oversaw a split of its entertainment and sports assets in 2020, and MSG Sports and MSG Entertainment have traded separately since. Cable TV was the family’s longtime focus until it sold Cablevision for $17.7 billion to French conglomerate Altice in 2016.
“This potential transaction would create two companies, each with a distinct value proposition for investors,” Executive Chairman and CEO James L. Dolan said in a statement on the company’s website. “The live entertainment and media company would include Madison Square Garden, the Christmas Spectacular production and MSG Networks and would generate substantial free cash flow. The second company, comprised of MSG Sphere and Tao Group Hospitality, would be focused on unique shared experiences, innovation and global opportunities for growth.”
The Dolan clan also controls Madison Square Garden’s main tenants — the NBA’s Knicks and NHL’s Rangers. Today’s announcement did not mention either team. Its live-venue holdings also include Hulu Theater at Madison Square Garden and the Windy City’s Chicago Theatre. The company is building a new venue in Las Vegas, MSG Sphere at The Venetian, and
Federation Entertainment has hit the M&A trail once again by taking a majority stake in Britannia, Bronson and Bulletproof producer Vertigo Films, its first British acquisition.
“The School for Good and Evil,” which debuts Oct. 19 and stars Charlize Theron and Kerry Washington. There’s also Tim Burton’s TV series “Wednesday,” which doesn’t yet have a release date but is a series-long spin on the Addams Family daughter starring Jenna Ortega.And master of Netflix horror Mike Flanagan – the mind behind the “Haunting of Hill House” and “Bly Manor” shows as well as “Midnight Mass” – is back with his Christopher Pike adaptation “The Midnight Club,” which premieres Oct.
French Montana was inspired to launch an addiction help service after Mac Miller's death. The rapper passed away in 2018 aged 26 after suffering an accidental drug overdose while French himself battled his own addiction issues over the years before getting sober in 2019 - and he's now revealed the loss of his pal pushed him towards creating a partnership with Guardian Recovery Services and NAQI Healthcare to provides a medically supervised in-home detox program for addicts. Speaking on the 'PEOPLE Every Day' podcast, he explained: "It (Miller's death) touched me because I'm in that space and I consider these artists as my brothers and my family.
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Netflix’s series adaptation of Australian novel Boy Swallows Universe has unveiled its cast, and first images from the shoot have been released.
Nate Mitchell is speaking out about the accusations that were made against him by former girlfriends.
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Manori Ravindran International Editor Warner Bros. Discovery is laying off 29 people in Europe over the next 15 months as it shifts its originals model for HBO Max, Variety has confirmed. Variety was first to report in July of HBO Max’s decision to retreat from original programming in a number of European markets, and warn of layoffs within the programming team. Under the new model, Warner Bros. Discovery will continue to invest in local European commissions and acquisitions but original programming will be handled by the local linear and streaming teams. No shows will be commissioned solely for streaming.
has revealed the competitors for season 34, and it will feature several familiar faces!Big Brother couple Derek Xiao and Claire Rehfuss, who began dating after appearing on season 23 last summer, are among the dozen teams vying for the $1 million grand prize in the upcoming installment of the CBS reality competition, it was announced Tuesday. Other notable competitors include former NFL head coach/current ESPN analyst Rex Ryan, who is paired up with his golf buddy, Tim Mann, and Michelle Burgos, a backup dancer for Pitbull, who will compete with her firefighter husband, Luis Colon.The new season will also be a special one as the franchise celebrates its 400th episode milestone. The latest edition will kick off the globe-trotting race outside of U.S.
Monumental Sports & Entertainment, which owns the NBA’s Washington Wizards and the NHL’s Washington Capitals, has acquired full control of regional TV network NBC Sports Washington.
Made in Chelsea's James Taylor and Maeva D'Ascanio are engaged after James finally proposed to Maeva on a holiday in Rome. And while fans thought they weren't going to be getting married for a while after James rejected Maeva's proposal on the show, it seems the couple now can't wait to become husband and wife. Speaking to OK!, James, 26, has given a few hints about his upcoming wedding with Maeva, 30, which he wants to take place in December 2023.
Jennifer Lopez and Ben Affleck's three-day wedding took place at the actor's waterside Georgia estate, and the couple reportedly made the most of the location by creating their own private beach for their guests to enjoy.RELATED: Jennifer Lopez and Ben Affleck's children's special role at wedding revealedSet on 87 acres of land, Ben's Riceboro estate boasts three separate buildings – the main house, dubbed 'The Big House', the secluded 'Summer Cottage' near the North Newport River on Hampton Island, and the rustic 'Oyster House'. According to the MailOnline, JLo and Ben shipped in sand to create a beach for guests, alongside a diving platform, kayaks, parasols and sun chairs. WATCH: Jennifer Lopez and Ben Affleck's surprise Las Vegas wedding - insidePhotos showed the couple exchanging vows surrounded by white decorations and greenery in the garden on Saturday 20 August, before guests had drinks at The Oyster House, which was decorated with leather sofas and violet flowers.
K.J. Yossman The line-up for Grimmfest’s International Festival of Fantastic Film 2022 edition has been unveiled.“The Loneliest Boy In The World” (U.K.) is set to open the U.K.
Ben Affleck and Jennifer Lopez's upcoming weekend wedding ceremony at his Georgia home is off to a dramatic start.According to MailOnline, Ben's mother, Chris Anne Boldt, suffered a leg injury at the wedding venue on Friday, Aug. 19, and medical attention was required. A source told DailyMail.com that Ben's mom fell off a dock and cut her leg.
Paramount+’s Twitch page, Paramount announced on Thursday. This year’s celebration will take place at the Skirball Cultural Center in Los Angeles from 12 – 3 p.m. PT on Thursday, Sept.
's midseason trailer.The sneak peek at the back half of season 9 picks up right after the crew leaves their Las Vegas girls trip, immediately teasing the group's next vacation: a «relationship resuscitation retreat» seemingly organized by Dr. Jackie Walters… in the woods. Fans also get a glimpse of Dr.
AleXa has announced the venues for her upcoming concert tour of the United States.Earlier today (August 17), events production company Studio PAV released the final list of dates and venues for the vocalist’s first headlining tour of the country. Earlier this month, AleXa herself had shared a list of dates and cities but without specifying venues.AI Troopers! Here are the confirmed venues for AleXa's First Meet & Live Tour in U.S.Click this link for Ticket Tier information and Benefits! https://t.co/Xp27I5eOUnTicket sales begin next Friday, August 26th at 2PM Venue Local Time‼#AleXa #알렉사 #AleXaUSTour #AleXainUSA pic.twitter.com/Wrh84uciLh— Studio PAV (@studio_pav) August 16, 2022AleXa is set to kick off her tour in New Jersey, before holding performances in Puerto Rico, Georgia, Illinois, Oklahoma, Texas and California all throughout October.
Michaela Zee editorSheldon Mittleman, who served as house counsel of MCA Inc. and Universal Studios for more than 20 years, died of natural causes Sunday night in Los Angeles. He was 89.The news was announced by a family spokesperson.Mittleman was appointed house counsel at MCA Inc.