Due to all the downtime caused by COVID-19 quarantine, many have decided to foster or adopt animals in need of homes. And Diplo happily followed suit as he announced Tuesday that he is now the proud owner of an adorable puppy named Jefe.
AMC Entertainment Adopts Staggered Board Structure At Request Of Owner Wanda; Would Make Hostile Takeover Harder
22.12.2020 - 02:25 / deadline.com
AMC Entertainment Monday unveiled plans to change its board structure in an agreement with majority shareholder Wanda America Entertainment, a division of Dalian Wanda Group of China.
Wanda holds nearly 60% of the voting power of financially strapped AMC through ownership of all the company’s super-voting Class B shares. The nation’s largest theater chain said in an SEC filing that it’s amending its bylaws to change to a so-called classified board with staggered elections. That means, instead of
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variety.com
05.01.2021 / 14:02
Alibaba to Shutter Its Xiami Music App Next Month
Rebecca Davis editorAlibaba Group announced Tuesday that it will close down its streaming platform Xiami Music on Feb. 5, as it struggles to keep up with competitors Tencent Music and NetEase in China’s competitive digital music sector.Xiami Music will cease operations due to “business development-related adjustments,” pivoting to become more of a music industry service provider, the company said in an official statement posted to social media, thanking its fans.
variety.com
05.01.2021 / 06:23
Foreign Films Account for Just 16% of Total China Box Office, Worth $3 Billion in 2020
Rebecca Davis editorImported films accounted for only about a sixth of China’s total box office in 2020, a nearly 55% decrease year-on-year, industry data tracker Maoyan Entertainment said Monday.
variety.com
30.12.2020 / 22:19
Elon Musk Sells Four Bel Air Homes in $62 Million Deal
James McClain Elon Musk is officially no longer a Los Angeles homeowner. The Tesla and SpaceX tycoon began 2020 with six Bel Air houses to his name, but in June he sold the largest of them for $29 million to Chinese billionaire William Ding.
deadline.com
30.12.2020 / 18:25
Struggling AMC Entertainment Files To Sell 50 Million More Shares
The shares even sat out a big rally in the rest of the sector on Monday after a better-than-expected Christmas-weekend opening of Wonder Woman 1984 on investor concern about liquidity.
nme.com
27.12.2020 / 17:47
Slash says he anticipates new Guns N’ Roses music in 2021
Slash has said he’s optimistic that 2021 will see new releases from both Guns N’ Roses and his band with Myles Kennedy.The guitarist said he’s recently been working with bassist Duff McKagan on material expected to form the first new Guns N’ Roses album since 2008’s notoriously delayed ‘Chinese Democracy’.A follow-up to 2018’s ‘Living The Dream’, which would be the guitarist’s fifth solo album and fourth billed as ‘Slash featuring Myles Kennedy and the Conspirators’, could also be on the cards,
variety.com
23.12.2020 / 10:03
China’s Kuaishou and Motion Magic Take Further Steps Towards IPOs
Patrick Frater Asia Bureau ChiefChinese social media firm Kuaishou and post-production and VFX company Motion Magic Digital Entertainment have both taken further steps towards initial listing of their shares.Kuaishou, which may be the world’s second most downloaded video sharing app after Bytedance’s TikTok/Douyin, is reported to have set a date and target price for its previously announced IPO in Hong Kong.
foxnews.com
22.12.2020 / 19:01
US imposes additional visa restrictions on Chinese officials
The United States on Monday imposed additional visa restrictions on Chinese officials over alleged human rights abuses, taking further action against China in the final month of U.S. President Donald Trump’s term.
variety.com
21.12.2020 / 07:37
Brett Hogg to Head Film and TV for Sony Pictures Entertainment in Asia
Patrick Frater Asia Bureau ChiefVeteran executive Brett Hogg has been promoted and made head of Sony Pictures film and television operations across Asia. He will remain at his current base in Singapore.He has been senior VP of international distribution for Sony Pictures Releasing International in the Asia region, supervising the Sony Pictures Releasing operations across Southeast Asia, China and India for theatrical distribution.
variety.com
19.12.2020 / 13:07
Jessica Chastain’s ‘Ava’ Set to Make Big Impact on Chinese Streaming Release
Patrick Frater Asia Bureau ChiefJessica Chastain’s “Ava” has skipped a theatrical release in China, but is instead to get the widest possible online outing in the Middle Kingdom. From Saturday it is available on China’s four largest generalist streaming platforms: Tencent Video, Alibaba-owned Youku, iQIYI and Mango TV.The maneuver was piloted by Los Angeles and Beijing based Leeding Media.
foxnews.com
19.12.2020 / 08:54
Brad Pitt received cheeky birthday wish from Shania Twain: 'I’ll make an exception'
Shania Twain has a brand new message for Brad Pitt. The actor celebrated his 57th birthday on Friday and while he no doubt received a plethora of well wishes for his special day, one stood out above all others.
deadline.com
18.12.2020 / 13:27
China’s Tencent Buys Further 10% Of Universal Music Group
A consortium led by China’s Tencent has exercised an option to purchase a further 10% of Vivendi’s Universal Music Group. The deal values the company at €30BN.
variety.com
18.12.2020 / 11:16
Tencent Poised to Increase Universal Music Group Stake to 20%
Patrick Frater Asia Bureau ChiefFrench media conglomerate Vivendi said on Friday that a consortium led by China’s Tencent will exercise its option to acquire a further 10% stake in Universal Music Group, raising its holding to 20%.A Tencent consortium completed its deal to buy 10% of UMG in March this year. It retained an option running until January 2021 to double its stake, through a second purchase on the same valuation.