FishbowlDC TVNewser TVSpy LostRemote AgencySpy PRNewser GalleyCat SocialTimes

Posts Tagged ‘Virgin’

Morning Media Newsfeed: SoftBank Eyes DWA Purchase | Marvel Settles With Kirby Estate

Click here to receive Mediabistro’s Morning Media Newsfeed via email.

DreamWorks Animation in Sale Talks With Japan’s SoftBank (THR)
Japanese conglomerate SoftBank is in talks to acquire DreamWorks Animation in a deal that would value the company at $3.4 billion, according to a source with knowledge of the situation. NYT SoftBank reportedly offered $32 a share for the boutique studio DreamWorks Animation, a 45 percent premium over the share price. That would value it at $3.4 billion. A DreamWorks Animation spokeswoman, Allison Rawlings, on Saturday night said, “We don’t comment on rumor and speculation.” Re/code / Reuters An acquisition of DreamWorks by SoftBank would make the Hollywood studio that created Shrek part of a the communications and media company that, under founder and CEO Masayoshi Son, has shown a willingness to take big bets on combining seemingly unrelated businesses. Two weeks ago, SoftBank booked a $4.6 billion gain on the share listing of Alibaba Group in New York. SoftBank retains a 32 percent stake in the Chinese e-commerce company, making it Alibaba’s biggest shareholder. Deadline Hollywood DreamWorks’ balance sheet had weakened in Q2 with $400 million in debt and $32 million in cash vs. Q2 2011, when it had no debt and $116 million in cash. DreamWorks also disclosed in July that its next two films – The Penguins Of Madagascar and Home – were costing them approximately $10 million more than planned: $135 million not including incentive-based compensation. Variety However, DreamWorks has scored considerably with its fruitful acquisition of AwesomenessTV, a digital network targeting a young online audience — that and its relationship with Netflix likely helped attract the attention of SoftBank. DreamWorks Animation has operated as a publicly traded company since 2004.

Read more

Mediabistro Course

Middle Grade Novel Writing

Middle Grade Novel WritingStarting January 15, work with a literary agent to write your middle-grade novel! In this course, you'll learn how to develop strong characters, write compelling dialogue, master the art of revision, and market your work to publishing houses and agents. Register now!

Tweet To Win Tickets To FreeFest

Virgin-Mobile-FreeFest-2009.jpgOur colleagues at AgencySpy are running a Twitter contest giveaway that we think sounds pretty fun and unique, so we wanted to pass it along.

The blog is giving away two tickets to the Virgin FreeFest this Sunday, August 30 at the Merriweather Post Pavilion between Baltimore and D.C. So, if you live in the area or can get down there by Sunday — and you want to see Weezer, Blink-182, Franz Ferdinand, Jet, The National, Girl Talk, The Bravery, The Hold Steady, St. Vincent, Wale, Taking Back Sunday and others — read on for the rules.

Read more