Amid a flurry of recent pilot pickups, Granada America has announced the promotion of four execs in its development department.
Deals of all sorts and sizes continued to surface during the third day of wheeling and dealing on the Cannes Croisette. Among the agreements that have been signed in the past few hours:
Granada is reportedly set to unveil a top level management shake-up that will include the early retirement of chief exec Steve Morrison, who has been with the ITV company for nearly three decades.
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No Good Deed
No Good Deed1Daily:$1.0M Cumulative:$29.9M Sony / Screen Gems -11.16%
Guardians of the Galaxy
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Dolphin Tale 2
Dolphin Tale 23Daily:$459,663 Cumulative:$18.1M Warner Brothers -9.19%
Granada, the cash-strapped ITV company, is giving its lowliest staffers the chance to become overnight millionaires. Philanthropy? Dream on. More of a last-ditch attempt.
Granada Group is planning to spin off Granada Media into a separate unit, creating a pure media company arguably better placed to be the key player in the consolidation of the ITV network.
Granada Group has won its battle to acquire LWT, the first time a hostile takeover bid for an ITV company has ever succeeded.