What does one of the greatest film franchises of all-time have in common with the world’s largest coffee shop chain? That would be GeorgeLucas.
The “Star Wars” creator invested almost $10 million in Starbucks Corp. this week. According to Bloomberg, Lucas’ GWL Living Trust bought 141,573 Starbucks shares, which have climbed 34 percent this year, on Aug. 19 at an average price of $70.60.
The billionaire’s new wife, Mellody Hobson — a member of the Starbucks board and the president of the money-management firm Ariel Investments — reported the transaction yesterday. Even though Lucas is the sole beneficiary of the trust, Hobson, as a Starbucks director, must file her and her family’s transactions in company shares.
A Los Angeles law firm representing several Universal Music recording artists affected by the 2008 fire that destroyed a huge number of master recordings is expected to file a lawsuit as early as next week. King told Variety that he expects to sue for negligence and other torts. He declined to identify his clients, saying [...]
As part of her role as this year’s honoree for the City of Hope “Spirit of Life” initiative, Sylvia Rhone was feted Friday morning at a lovely (although windy) breakfast gathering on the roof of Sony Music’s headquarters in New York. The initiative raises money for the City of Hope cancer treatment and research center [...]
Justin Timberlake stops in mid-sentence. “Aw man, y’all didn’t tell me Bette Midler was gonna be right here in the front! Now I’m nervous — first y’all make me follow Patti LaBelle, now this?” Yep. Justin Timberlake — arguably the most talented song and dance man working today, but honored tonight for his songwriting — [...]
Nicholas Sparks, the prolific author of romance novels, is facing renewed allegations that he discriminated against gay students at his Christian school in North Carolina. The allegations were first leveled by Saul Benjamin, the former headmaster of the Epiphany School of Global Studies, in a wrongful termination suit he filed in 2014. Benjamin’s suit alleged [...]
The controversy surrounding the recent chart battle between DJ Khaled and Tyler the Creator — in which a bundle promoting Khaled’s album was disqualified from adding to its sales tally for the May 24 Billboard 200 album chart, allowing the No. 1 spot to go to Tyler’s “Igor” — has been a first-class problem for [...]
Actor Cuba Gooding, Jr., has been charged with a misdemeanor count of forcible touching following an incident at a nightclub, the New York Police Department said Thursday. Gooding turned himself in to NYPD detectives on Thursday, surrounded by a throng of media. Later in the day, he was arraigned in front of Judge Herb Moses. [...]
CAA has challenged the Writers Guild of America’s legal standing for bringing forth the lawsuit against Hollywood’s four largest talent agencies over the issue of packaging fees. CAA’s latest legal response to the suit filed by the WGA in Los Angeles Superior Court in April asserts that the guild does not have the right to [...]