Variety Parent Penske Media to Take Over Hollywood Reporter, Billboard in Joint Venture With MRC

Jill Goldsmith Co-Business EditorThings are going from bad to worse in exhibition as AMC Entertainment said Tuesday its cash will be gone by late this year or early next and it’s exploring potential sources of additional liquidity, including asset sales, joint ventures or minority investments.The nation’s largest movie chain, like others in the industry, has been struggling to make ends meet after being shuttered for months due to COVID followed by a rocky restart.

Cardi B is celebrating her 28th birthday on Sunday (October 11) and her estranged husband Offset gave her a surprise present to kick off the weekend! The 28-year-old Migos rapper placed a birthday billboard for Cardi on Sunset Boulevard in West Hollywood, California. Cardi posted a video on her Instagram account from when she saw the billboard for the first time. It has a photo of Cardi and her daughter Kulture and reads, “Happy birthday Mommy.

Katy Perry is back to work on American Idol less than two months after she gave birth to her first child with Orlando Bloom, baby Daisy, at the end of August. The singer dressed boldly in a cow-print ensemble, complete with a matching hat and giant black earrings.

Despite having more than 25 years of publicity and marketing experience, BazanPR founder Jackie Bazan still finds it challenging to encounter people in the entertainment industry who "understand that the color of my skin does not define my capability in this space." Bazan’s firm has worked on Black Panther, Spike Lee’s Chi-Raq, Adam Shankman’s Hairspray and the upcoming Concrete Cowboy starring Idris Elba.

American Idol less than two months after she gave birth to her first child with Orlando Bloom, baby Daisy, at the end of August. The singer dressed boldly in a cow-print ensemble, complete with a matching hat and giant black earrings.

There was no fancy quiche this year for the top money managers in Hollywood, but that didn't stop The Hollywood Reporter from celebrating the industry's Power Business Managers at its annual event, albeit virtually.

Naman Ramachandran Indian media, fueled by aggressive television anchors, has worked itself into an unprecedented feeding frenzy since the death of popular 34-year-old actor Sushant Singh Rajput at his Mumbai home June 14. The question now is whether this is Bollywood on self-destruct or a further example of media manipulation in service of a conservative political agenda.The Mumbai police initially ruled the death a suicide.

Khloé Kardashian is sick of you bull s**t!

Ted Johnson Joe Biden will participate in an NBC News town hall on Oct. 5 in Miami, with Lester Holt moderating.The event was announced following this evening’s debate between Biden and President Donald Trump.This will be Biden’s second town hall of the fall campaign.

Friends actress hasn’t always loved her time in Hollywood, as she revealed one particular job had her wanting to leave the industry for good.The 51-year-old actress opened up about this moment in her career while chatting to Jason Bateman, Sean Hayes, and Will Arnett on their Smartless podcast.When the hosts asked Jennifer what was the closest she has gotten to quitting the business, she admitted surprisingly: ‘I would have to say the last two years that has crossed my mind, which it never did

Jake Kanter International TV EditorBBC Studios is exiting Tower Productions, its decade-old joint venture production company with All3Media in Germany, and is establishing BBC Studios Germany.BBC Studios and All3Media will part ways at the end of the year, but will not sever ties completely.

merger between PMC and MRC on Wednesday, according to an individual with knowledge of the matter.Hannah Karp, the editorial director of Billboard Media Group, told her staff at a 2:30 p.m.

The Hollywood Reporter parent company MRC and Penske Media Corp. on Wednesday announced a deal to createtwojoint ventures inpublishing and content, with both companies holding significant ownership.

Variety Staff Follow Us on TwitterVariety parent company Penske Media Corp. has set a deal with MRC to operate Billboard, Vibe and the Hollywood Reporter under a newly formed joint venture.The transaction calls for PMC and MRC to set up a newly established entity dubbed PMRC.

To say that “Elf” is a beloved Christmas film is a gross understatement. Released back in 2003, the Will Ferrell film has become a holiday classic over the past couple of decades.