Time Warner, News Corp. and private equity group Texas Pacific have placed formal bids to acquire Turkish media group ATV-Sabah, Reuters reported Monday from Istanbul, as U.S. media congloms looking to grow hunt for assets in overseas and emerging markets.
Sabah is part of Calik Holding, which also has interests in energy and finance. Bids were said to be near the $1 billion asking price.
The potential M&A market in media appears to be heating up as private equity with cash to burn is back out in force, competing with strategic buyers on some deals. In addition, billionaire investor and three-time owner of MGM, Kirk Kerkorian, is said to be back on the prowl as well for U.S. or international entertainment assets.
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China Global Television Network, the English-language news channel that is part of China Central Television, has come on board high profile environmental documentary “Drowning in Plastic.” The show is represented by all3media international, and the agreement is the first between the two companies. CGTN comes on board as co-producer alongside Raw, and BBC One. The [...]
Winter is here for the Chinese entertainment industry, a half-dozen top-tier industry professionals concurred in Beijing at the launch last week of Tencent Entertainment’s annual data-filled white paper. China’s box office hit new heights in 2018, raking in about $9 billion, but it was also a year of drastic regulatory changes and a government tax [...]
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SPOILER ALERT: Do not read if you have not yet watched “Providence,” the 12th episode of “Outlander” Season 4. There were two competing narratives on “Outlander” this week — one that was largely invented for the show but was a very clever way to keep a certain character involved, and another that was also changed [...]
“The Crown” has found its Iron Lady. Gillian Anderson is said to have signed on to play British prime minister Margaret Thatcher in the fourth season of the much-praised Netflix drama series. Anderson’s casting was first reported by the Sunday Times. A Netflix rep declined to comment on the report. Anderson is the latest notable [...]
The Guadalajara Intl. Film Festival (FICG) has announced that Estrella Araiza, until now the festival’s head of industry and markets and director of the Guadalajara IntL. Film Festival in Los Angeles, has been promoted to the position of general director of the prominent Mexican festival. She replaces Ivan Trujillo, appointed director of TV UNAM. Araiza [...]