ABC's proposed buyout offer to non-union employees will probably be sent out later this week, with pay-outs to be based on a scale calculated by years of service and salary level.
Spain's fastest-growing private bank, Banesto, headed by 44-year-old Mario Conde, has shaken up Spain's conservative banking establishment by adopting an aggressive--some say reckless--growth policy.
After churning through the '80s buying, selling, merging and purging, several of the largest entertainment companies are sitting on huge piles of cash. Paramount, Disney, Capital Cities/ABC and CBS…
All the assets of the former East German broadcast monopoly--from entire studios to individual plumbing fixtures--will have been sold off by year's end, announced Bernd Rieger, head of NFL, the…
Paramount Communications Inc. has formally announced the creation of its Paramount Technology Group. The unit, which unofficially existed since November, is headed by Keith Schaefer, former CEO of…
The "For Sale" sign hanging over France's Cote D'Azur studio La Victorine has finally been removed. The 73-year-old studio, which hosted the classic Marcel Carne pic "Les Enfants du Paradis," and…
In yesterday's Film, TV Music Special Report, John Huie's name was omitted from Creative Artists Agency's roster of music agents.
Forget just stocks and bonds. Disney has also invested about 5% of its $ 2 billion portfolio in aircraft leases, where it essentially puts up money with another lender, usually a bank, to buy an…
Hollywood's love affair is heating up with the hottest new technology in entertainment, virtual reality. That's the buzz, say engineers who are working in this fledgling industry. Increasingly, word…
IBM has staked out new territory in town by underwriting a Media Lab with UCLA's Extension Program. The Lab will be located at Universal's CityWalk, where the Extension is putting a 14-classroom…
Sony Pictures Entertainment may not be in the basketball business any time soon, but local sports experts said yesterday the movie and TV giant has good reason to be eying the Los Angeles Lakers.