×
You will be redirected back to your article in seconds

Dan Mintz in Talks To Make $600 Million Taiwan Cable TV Buy

Dan Mintz, the China-based U.S. film and TV executive with credits including “Iron Man 3” and the upcoming “Point Break” remake, is in advanced talks to buy a controlling stake in Eastern Broadcasting Corporation, one of Taiwan’s largest cable TV platforms.

The stake is currently owned by the Carlyle investment group, which has been seeking to exit the business since last year. Mintz is preparing to pay up to $600 million for the business.

In a statement emailed to Variety, Mintz confirmed the purchase agreement and noted that the deal is subject to regulatory approval. On completion it would be one of the first major moves by a Hollywood investor in to Taiwanese entertainment.

Mintz is founder of the DMG Group, which has its roots in advertising and over 20 years has expanded into TV and film production. The company’s Chinese operations were split from the group last year, renamed as Yinji Entertainment & Media (aka Yinji DMG), and listed on the Shenzhen stock exchange. The US-based DMG and DMG Entertainment companies have a partnership arrangement with Yinji, due to China’s media ownership restrictions.

Mintz is making the acquisition in a personal capacity and outside the Yinji operation.

Although Taiwan and mainland China have differing political stances, the two have become economically closer in recent years, and they share a largely similar language.

He is understood to be keen to tap EBC’s large Mandarin language library and its channels which are carried on cable and satellite packages around the world.

“EBC offers tremendous growth opportunities in digital, Mandarin-language content, premium content creation and distribution, which will become the anchor platform for ongoing global expansion of Mintz’s businesses,” said the statement. [Mintz] is expected to bring his global experience, vision and resources to EBC to transform it into a global powerhouse for content creation and distribution to serve as the anchor platform for global Mandarin-language entertainment.”

More Biz

  • Stephen Colbert Julia Louis-Dreyfus

    Julia Louis-Dreyfus Talks 'Seinfeld,' 'Sexist' Environment at 'SNL' in Q&A With Stephen Colbert

    Stephen Colbert and Julia Louis-Dreyfus swapped stories about “Saturday Night Live,” Northwestern University, “Seinfeld” and the possibility of running for office during a Q&A held Saturday as part of Montclair Film Festival’s annual “Evening with Stephen Colbert” fundraiser. Colbert, a Montclair resident, has long been a booster of the festival, which is going into its [...]

  • 2019 Kennedy Center Honoree singer Linda

    Linda Ronstadt to Mike Pompeo: Stop 'Enabling' Donald Trump

    WASHINGTON, D.C. — Linda Ronstadt, one of this year’s Kennedy Center Honorees, had sharp words for Secretary of State Mike Pompeo on Saturday night during a State Department reception for the Kennedy Center kudos. Ronstadt and Pompeo faced off in the U.S. State Department’s ornate diplomatic greeting rooms at the traditional event that precedes Sunday’s [...]

  • pharrell brain child show

    'Blurred Lines' Flares Up Again - Marvin Gaye Family Claims Pharrell Perjured Himself

    Like a zombie that just won’t stay dead, the “Blurred Lines” case keeps coming back. While the 2015 verdict, in which Pharrell Williams, Robin Thicke and the song’s publisher were ordered to pay nearly $5 million to Marvin Gaye’s family for infringing upon the late singer’s 1977 hit “Got to Give It Up,” was basically [...]

  • WGA Agency Packaging Fight Placeholder Writer

    WGA-Agency Showdown: Role of Showrunners at Heart of Legal Arguments

    The Los Angeles courtroom of U.S. District Judge Andre Birotte was packed with well-dressed lawyers on Friday morning, eager to watch a high-stakes brawl between Hollywood’s largest talent agencies and the Writers Guild of America. Birotte allowed only four lawyers from each side to sit at each table, leaving the vast majority of the attorneys [...]

  • 700700 + Ted Turner Dedication. December

    Ted Turner Tributes Established With WarnerMedia Gift to University of Georgia

    WarnerMedia has established a scholarship, internship program and exhibition hall at the University of Georgia to be named after maverick media mogul Ted Turner. The company has gifted $550,000 to the university to create the Ted Turner Scholarship Fund, for students attending the school’s Grady College of Journalism and Mass Communication, which is also the [...]

  • WGA Agents Contract Tug of War

    Judge Leans Toward Agencies' Position in Writers Guild Antitrust Suit

    A federal judge indicated on Friday that he will allow the three major agencies to pursue their antitrust lawsuit against the Writers Guild of America. The WGA has urged U.S. District Judge Andre Birotte to throw out the suit, arguing that its actions in its ongoing battle with the agencies are protected under antitrust law. [...]

  • Keli LeeStep Up Women Network 9th

    Keli Lee Exits ABC Studios International as Disney Considers Division's Fate (EXCLUSIVE)

    ABC veteran Keli Lee has left the international arm of ABC Studios as Disney considers the future of the London-based content unit, Variety has learned. Sources said Disney has told the creative community that there “has been a re-evaluation of ABC Studios International” and that it is re-assessing “the creative direction” of the business. There [...]

More From Our Brands

Access exclusive content