NBCU SVOD deal with China’s Alibaba

Chinese e-commerce giant Alibaba has bought a package of content from NBCUniversal for its Tmall Box Office streaming service. The agreement gives Tmall Universal Pictures’ new releases as well as films from its library. Titles including Minions and older films including Fast & Furious 7 and Jurassic World will be on the TMall service. Kevin […]

Lionsgate chairman to sell 10 million shares

Lionsgate Entertainment chairman and key shareholder Mark Rachesky is to sell 10,000,000 shares in the US studio. Rachesky is offering the shares via his investment firm, MHR Fund Management, and gives underwriter J.P. Morgan Securities a 30-day option to purchase 1,500,000 shares. This will reduce Rachesky’s stake by about 7% from the current 35%, and […]

Alibaba ‘eyes $1.6bn Lionsgate stake’

Chinese e-commerce giant Alibaba is reportedly set to move for a 37.4% stake in US studio Lionsgate. According to the New York Post, Alibaba wants to acquire Lionsgate chairman Mark Rachesky’s stake, which is said to be worth around US$1.6 billion. Should a deal go through, Alibaba would become the Orange is the New Black […]

DreamWorks Animation in $3.4bn sale talks

Jeffrey Katzenberg’s DreamWorks Animation is talking with Japanese conglomerate SoftBank about a US$3.4 billion deal, according to reports. SoftBank is said to have offered DreamWorks shareholders US$32 a share, value the firm at nearly US$3.5 billion. DreamWorks founder and CEO Katzenberg (pictured) would sign a five-year contact to remain with the company if a deal […]