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Posts Tagged ‘Weinsteins’

Morning Media Newsfeed: DWA, Hasbro Merger Talks End | The Onion Exploring Sale

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DreamWorks Animation, Hasbro End Merger Talks (THR)
Hasbro has called off merger negotiations with DreamWorks Animation, sources say. The deal chatter, which became public on Wednesday, appears to have been derailed in part by the performance of Hasbro’s stock and potentially the high price sought by DreamWorks Animation CEO Jeffrey Katzenberg. WSJ News last week that the toy maker was in early acquisition talks with the film studio drove the two companies’ stocks in opposite directions. Hasbro investors sent the toy company’s share price down more than 4 percent on Thursday and nearly 2 percent on Friday, when they settled at $54.02 on Nasdaq. Adweek DreamWorks reportedly wanted $30 per share, a relatively steep incline for stock trading at roughly $22. NYT / DealBook Also playing a role was a negative private reaction by the Walt Disney Company, which comprises roughly 30 percent of Hasbro’s business through licenses for Star Wars, Marvel characters, Frozen and the Disney Princesses toy line. Variety Neither side has officially commented on why the talks fell apart, nor the potential of a deal. Hasbro follows recent conversations DWA has had to sell the toon studio. In September, it discussed such a sale with Japanese tech giant SoftBank, that also ended just days later.

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Michael Moore Cancels Press Conference, Goes for Labor Rally Instead

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Why have a press conference when you can get reporters to go to a rally? The Weinsteins, perhaps nervous about pesky questions about the “leaked” and “pirated” versions of Michael Moore’s Sicko, cancelled the press conference and invited journalists to the LA Rally for Healthcare Reform organized by the California Labor Federation. City Hall steps Tuesday, June 26 at 11am. From the press release:

The event will feature filmmaker Michael Moore and stories from Los Angeles residents who have been negatively affected by California’s current healthcare system. The rally takes place the same day as the Los Angeles premiere of Michael Moore’s newest documentary, Sicko, which chronicles the failures of America’s healthcare system.

Participating are:

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In The Trades: Real Life, Re-Makes, Real Weird

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Shirley McLaine and Olympia Dukakis reteam in a black comedy Poor Things, to be directed by Ash Baron Cohen (brother o’ Borat). They’ll play two con-artist women who befriend and murder homeless men in order to collect their life insurance policies. Paul Pringle reported the real story in the LAT. The NYT isn’t the only true-life story source in the world, just the only Man-Date source.

Harold Ramis is on board to direct Atlanta, CBS’s comedy pilot about a couple who meet cute at a funeral. Scott Winant might replace Brett Ratner as director of ABC’s drama pilot Women’s Murder Club, starring Angie Harmon. Ratner is too busy doing whatever to Rush Hour 3.

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The Weinsteins, Sydney Pollock and Anthony Minghella are all good for another three years. Pollock and Minghella’s production company, Mirage, will re-make The Lives of Others, the Oscar-winning German film about the Stasi, as well as I Don’t Know How She Does It and The Amulet of Samarkand, both based on the novels. Minghella will direct a tv pilot based on The No. 1 Ladies Detective Agency books, too.

America’s Next Top Model had its best premiere ever, and gave the CW its best night yet with 5.4 million viewers overall. American Idol won the night with 29.6 million viewers overall. If Idol fans had their own country, it would be larger than North Korea. And even weirder. (And what if Idol-nation had nukes? Yikes!)