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Oct 8, 2010

MGM seeks lenders OK for pre-packaged bankruptcy

LOS ANGELES, Oct 7 (Reuters) – Film Studio
Metro-Goldwyn-Mayer proposed a pre-packaged bankruptcy plan on
Thursday that would wipe out $4 billion in debt and put the
founders of Spyglass Entertainment at the helm.

MGM, which has been mired in months of discussions with
creditors and investors to try to reduce its debt, said it had
begun seeking lenders’ votes for the plan of reorganization to
salvage one of Hollywood’s most legendary studios.

Oct 6, 2010
via Fan Fare

Stars, stores align for Lennon’s 70th birthday


What do Lady Gaga, Yoko Ono, Iggy Pop and Bloomie’s have in common? This week: They are all singing John Lennon’s praises. Well, Bloomingdale’s isn’t — not exactly. But you can buy apparel from Lyric Culture, which is featuring John Lennon’s songs, this week at the department store. Their t-shirts caught our eye as Oct. 9, what would have been the Beatle’s 70th birthday, draws near.

Numerous events are planned around the world. Lady Gaga, Yoko and Iggy played in L.A. and, of course, there is a lot of merchandising — record reissues, DVDs, Beatles and Lennon memorabilia. The Lyric Culture clothing comes from company founder Hanna Rochelle, also a singer-songwriter.

Oct 6, 2010

Netflix and NCR reach DVD distribution deals

LOS ANGELES, Oct 6 (Reuters) – Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz) on
Wednesday said it reached a deal to rent Sony (6758.T: Quote, Profile, Research, Stock Buzz) movies
28 days after they go on sale, while NCR (NCR.N: Quote, Profile, Research, Stock Buzz), which rents
DVDs at nearly 7,000 Blockbuster kiosks, reached a similar deal
with Universal Studios.

NCR said it reached a studio distribution deal with General
Electric Co’s (GE.N: Quote, Profile, Research, Stock Buzz) Universal, also agreeing to wait 28 days
after the Universal movies go on sale.

Oct 3, 2010

Disney names two execs to head digital business

LOS ANGELES (Reuters) – Walt Disney Co on Sunday appointed two digital veterans to lead its loss-making stable of Internet properties, underscoring a renewed focus on developing digital businesses.

James Pitaro, an experienced Internet executive who just left his post at running the media properties at Yahoo Inc, will oversee Disney Online, the home of Disney branded web and social media sites.

Jul 30, 2010

Disney sells Miramax for over $660 million to Filmyard

LOS ANGELES/BANGALORE (Reuters) – Walt Disney Co has sold film studio Miramax for more than $660 million to Filmyard Holdings LLC, ending months of talks between the media group and various bidders.

Construction magnate Ron Tutor, investment firm Colony Capital LLC and other individuals are part of Filmyard Holdings, Disney said.

    • About Susan

      "I cover the media sector, focusing mainly on Walt Disney Co and other big entertainment firms and the digital evolution that is currently reshaping that industry. Prior to this assignment, I covered the music industry, energy markets, commodity markets and corporate bonds. Before moving to Los Angeles in 1995, I held positions in the New York bureau and in Pittsburgh, PA."
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