Comcast snapped up the 49% of NBCUniversal still owned by General Electric for $16.7 billion and ahead of schedule as the Peacock network swung to a ratings rebound and tidy profit last quarter.
Short docu publisher Cinelan and project partner GE have unveiled an expansion of their Focus Forward project, with the simultaneous multi-platform release of 10 films.
Emperor Motion Pictures has inked a five-year, three-pic deal with top mainland Chinese thesp Ge You, and the Hong Kong shingle is expected to invest no less than $78 million into the three projects.
Domestic Film DAILY
PROVIDED BY: Box Office
Teenage Mutant Ninja Turtles
Teenage Mutant Ninja Turtles1Daily:$7.6M Cumulative:$79.8M Paramount Pictures 13.49%
Guardians of the Galaxy
Guardians of the Galaxy2Daily:$6.6M Cumulative:$188.5M Disney 23.68%
Into the Storm
Into the Storm3Daily:$2.1M Cumulative:$21.1M Warner Brothers / New Line 21.06%
No matter what happens to the Peacock in the Comcast era, General Electric is sure to be a paying customer on NBC Universal's air for years to come.
CNBC Asia Pacific and GE Equity are taking a joint financial stake in TV Tokyo. Move reps the first time an American network has invested in a major Japanese broadcaster.
NBC parent General Electric reported a 7% increase in earnings for 1992 to $ 4.725 billion ($ 5.51 per share) from $ 4.435 billion ($ 5.10 per share) in 1991.