Entertainment News

Amid rising interest and value in all things surrounding sports and TV/streaming, one of the biggest sports brand teams — the Los Angeles Lakers — are being sold for the second time in less than ayear.

With the $12 billion deal, former long-time Walt Disney CEO Bob Iger and venture capitalist Josh Kushner will own a controlling interest sold to them from financier/investment manager MarkWalter.

Under the terms of the deal a year ago, Walter bought a controlling interest in the Lakers, totali

Paramount’s board has approved a possible move from California as early as October 1, Bloomberg reported, citing an insider familiar with the company’s plans. Chief Executive Officer David Ellison told senior executives last week that the move would involve headquarters staff first, but that he’s putting together a five-year plan to shift most of the film and TV studio’s jobs to the new home.

This movie could also include the sale of one of the two big studio lots owned by Paramount and Warner

Paramount PSKY 1.19%increase; up pointing triangle could start moving out of Hollywood as soon as October if it can’t make progress toward settling the antitrust suit California and 11 other states brought to block its acquisition of rival Warner Bros. Discovery WBD 0.74%increase; up pointing …

Los Angeles (United States) (AFP) – California accused Paramount of “blackmail” on Tuesday over a reported threat to pull the company out of the state because of lawsuits aimed at stopping its mega-merger with Warner Bros.

A dozen US states have launched legal action to block a $110 billion move that would see the firm swallow the storied Hollywood studio, claiming the debt-laden deal — financed by Middle East oil money — would reduce competition in the movie industry and lead to job cuts.

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David Ellison is making it clear that he’ll do just about anything to close his deal to buy Warner Bros. Discovery.

Even, perhaps, taking his Hollywood company far from Hollywood.

Mr. Ellison, Paramount’s chief executive, told his senior leadership team last week that he would begin pulling the company out of California on Oct. 1 if there was no progress toward resolving a lawsuit by state attorneys general seeking to block the deal, according to three people with knowledge of his remarks.

It

A reported threat by Paramount to move its massive studio operation out of California unless the state drops a legal challenge to its proposed merger with Warner Bros. amounts to a “blackmail” attempt, Attorney General Rob Bonta said Tuesday.

Variety reported Tuesday that Paramount-Skydance CEO David Ellison informed senior executives at the company last week he’s prepared to relocate the combined studio business out of the state unless Bonta and other state attorneys general negotiate a settle

California Attorney General Rob Bonta on Tuesday denounced reports that Paramount might relocate its studio operations out of state unless officials drop a legal challenge to its proposed merger with Warner Bros., calling the threat a “blackmail” attempt.

Variety reported Tuesday that Paramount-Skydance CEO David Ellison told company executives last week he is prepared to move the combined studio business away if Bonta and other state attorneys general fail to negotiate a settlement over their

The iconic Paramount water tower may be hauled out of Hollywood if David Ellison doesn’t get his way. Puck was the first to report that Paramount Skydance CEO David Ellison told his leadership team that he’s considering moving the company out of California if Rob Bonta, the California attorney general, doesn’t negotiate a settlement related to the Paramount-Warner Bros merger before October 1. California, along with 11 other states, has sued Paramount Skydance and will go to trial in March to de

The CEO reportedly gave his executive leadership team an idea of when and where the company might move if state Attorney General Rob Bonta doesn’t settle his antitrust case

David Ellison plans to move Paramount Skydance out of California if state Attorney General Rob Bonta refuses to budge over the Warner Bros. Discovery merger by Oct. 1.

According to multiple media reports on Monday after an initial Puck story, Ellison held an hourlong lunch meeting on the Paramount lot with his 12-member exe

AMC, Regal and Vue publicly support David Ellison, but much of the theatrical world remains skeptical

As its legal battle with 12 state attorneys general heats up, Paramount Skydance is stepping up its campaign to get entertainment executives to support its merger with Warner Bros. Discovery, with everything from a David Ellison op-ed to glowing statements from execs to a written pledge to increase theatrical output. The company’s efforts to gain the backing of the movie theater industry at the

MANILA, Philippines — Streaming platform Netflix has reportedly shelved development of a US spin-off show of its popular Korean survival series “Squid Game.”

Talks of an American spin-off emerged a couple of years ago before the second season of “Squid Game” even premiered.

David Fincher, best known for movies likes “The Social Network” and “Fight Club,” was being eyed to direct the project while “Utopia” creator Denis Kelly would pen the screenplay.

Rumors grew after award-winning actress C

Demi Lovato returning to “Camp Rock 3” is exactly where she’s supposed to be.

Ahead of the “Camp Rock 3” premiere on Monday in Burbank, California, it was announced that Lovato will reprise her iconic role as Mitchie Torres in the highly anticipated film.

“Camp Rock” fans were first introduced to Mitchie when the first film premiered on the Disney Channel in June 2008.

As an aspiring singer-songwriter in the first two films, she attends Camp Rock, a music camp for gifted teens, where her moth

One of the dirty little secrets of journalism is that if you reporters and industry analysts to write about your story, the trick is to frame it in a way that resonates with them personally and allows them to write a story that sparks a lot of attention and traffic to the story.

On that basis, the ongoing battle to complete the merger of Paramount and Warner Bros. Discovery is like catnip to any journalist or professional working in the entertainment business. At a time when Hollywood is facing

Disney theme park fans will be getting updates and perhaps newsy announcements during Saturday night’s D23 event dubbed Horizons: A Carousel of Progress. The session will be seen on Disney+ streaming platform at 10 p.m.

The proceedings will be hosted by actor Neil Patrick Harris and feature a fleet of Walt Disney Co. executives and Imagineers.

“Fans can expect project updates, first looks, new artwork and renderings, behind-the-scenes stories, creative insights and a closer look at how some of

David Ellison’s Paramount/Skydance has been wooing exhibitors lately as the heads of two of them – AMC and Regal – have penned glowing endorsements in the media of the company’s proposed $110 billion Warner Bros. Discovery takeover.

Now, Bloomberg reports that Paramount has offered three-year agreements to both those exhibitors. Under the agreements, the studio will guarantee 30 movies a year in theaters for three years straight – 90 films overall.

In addition, the films would play exclusively

Paramount Skydance (PSKY) has offered to sign three-year agreements to AMC Entertainment (AMC) and Cineworld’s Regal Cinemas guaranteeing it will release 30 movies a year in cinemas if it acquires Warner Bros. Discovery (WBD), Lucas Shaw and Thomas Buckley of Bloomberg reports, citing people familiar with the matter. The agreements would require Paramount to release the films exclusively in theaters for at least 45 days and the films would not be available to stream online for at least 90 days,

Despite several discouraging setbacks on his way to sealing a deal to purchase Warner Bros., David Ellison, the CEO of Paramount Skydance, is not giving up. In his latest attempt to ease tensions over the industry-changing merger, Ellison is rolling out a new “make-good” for theater owners, pledging that the combined company will release at least 30 movies per year if the deal goes through.

Guarantees, Penalties, and the Threat of Media Monopoly

To prove his sincerity, Ellison is promising a t

LONDON, Aug 8 — Grammy Award-winning British musician and producer William Orbit, who worked with artists including Madonna, Britney Spears and U2, has died aged 69, his family and friends said yesterday.

The London-born musician, who won two of his three Grammys for production work on Madonna’s 1998 album Ray Of Light, died at home on July 23, according to their statement posted on his Instagram page.

“We are deeply saddened by his passing. He will be greatly missed by us and by so many whos

By WYATTE GRANTHAM-PHILIPS, AP Business Writer

British regulators on Thursday gave Paramount the greenlight for its $81 billion takeover of Warner Bros. Discovery, with some new assurances from the company — clearing another hurdle for the mega merger while it still faces challenges elsewhere.

The U.K.’s Competition and Markets Authority cleared the pending acquisition, ruling that a Paramount-Warner tie up does not pose a “substantial lessening of competition” in the country. Meanwhile, Brit

British regulators on Thursday gave Paramount the greenlight for its $81 billion takeover of Warner Bros. Discovery, with some new assurances from the company — clearing another hurdle for the mega merger while it still faces challenges elsewhere.

The U.K.’s Competition and Markets Authority cleared the pending acquisition, ruling that a Paramount-Warner tie up does not pose a “substantial lessening of competition” in the country. Meanwhile, Britain’s Department for Digital, Culture, Media and

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We’re getting a Rockstar Games partnership with Netflix before Grand Theft Auto VI — and that’s totally fine by us.

Ahead of the highly anticipated video game’s November release, 13 years in the making, the streamer is set to debut “Grand Theft Auto VI: An Extended Look” on Aug. 27 at 3 p.m. ET. The teaser will then stream on YouTube later that day at 9 p.m. ET.

“Grand Theft Auto reveals have become cultural moments in the