MGM


Ex-Turner & Amblin chief to lead Epix

Former Turner and Amblin Partners chief Michael Wright has joined MGM’s US premium pay TV channel Epix as president. Wright (pictured) recently exited his role as CEO of Amblin Partners, the programming and film business Steven Spielberg launched with Participant Media, Reliance Entertainment and Entertainment One. He is taking over Epix as it settles into […]

Industry vet to lead Cannabis OTT channel

Douglas Lee has been named as general manager of 420TV, the new OTT TV channel focusing on entertainment, news and lifestyle content about cannabis that is backed by online video distributor Ownzones Media Network. Lee, who negotiated the deal that created 420TV on behalf of Ownzones and has been the architect of the channel’s programming, […]

MGM rewards CEO Barber with new contract

MGM has extended the contract of chairman and CEO Gary Barber through to 2022, with the board pointing to the stability he has brought to the company. Since joining from Spyglass Entertainment in 2010, MGM states that Barber has overseen the transformation of the studio, revitalised its film and television businesses and expanded its distribution footprint […]

Amazon to ‘increase content spend again’

Amazon will keep apace with Netflix’s original content spend, with Roy Price reportedly promising staff the SVOD service would increase investment in content again. The Amazon Studios head told staff content spend was set to increase in 2018 and 2019, with three new series put into development to go with an expanding originals slate, as […]

Viacom shares slide despite solid Q3 gains

Viacom shares have fallen sharply on news of a delayed payment from a Chinese partner and uncertainty about the future prospects of pay TV in the US after the media group posted Q3 results, despite it posting solid gains in revenue and profit. Viacom’s revenues for its fiscal third quarter rose by 8% to US$3.36 […]

Turner taps Nick for Boomerang SVOD chief

Turner has poached Sundance Feniger from Nickelodeon to run its new Boomerang subscription VOD service. He has been named VP and general manager of the service, which is a joint venture between Turner and stablemate Warner Bros. Digital Networks Group. The role will see him lead the overall Boomerang streaming business and partner with K-drama-focused […]

MGM to buy all of Epix

Hollywood studio Metro-Goldwin-Mayer is to buy Viacom and Lionsgate out of premium cable channel Epix. MGM will pay around US$1.03 billion to acquire the 80.91% of Epix it doesn’t already own. The ownership change comes after Lionsgate acquired Epix rival Starz in a US$4.4 billion deal, and made intentions to remove itself from Epix public. […]

Love Nature hires ex-Warner Bros., MGM exec

Factual SVOD service Love Nature has hired a director of partnerships, Vince Petersen. Operating out of Love Nature’s London office, Petersen will focus on driving subscription growth in the SVOD space, and take the territory lead for Germany, Austria, Switzerland and France. He joins from TV technology company Netgem, where he was head of international […]

AR and VR investments reach $2.3bn

The amount of money invested last year in virtual and augmented reality companies more than tripled compared to 2015, according to new research. Digi-Capital’s new ‘Augmented/Virtual Reality Report and Deals Database’ said that venture capitalists and corporate investors put US$2.3 billion into AR and VR startups in 2016, compared to some US$700m in 2015. AR […]

Lionsgate ‘in talks to sell Epix stake’

Lionsgate Entertainment is reportedly set to offload its stake in US premium cable channel Epix to its joint venture partners, Viacom and MGM. According to Reuters citing unnamed sources, Lionsgate has initiated talks with MGM Holdings and Viacom’s film arm, Paramount Pictures, over a deal. Lionsgate has just completed its US$4.4 billion takeover of pay […]