ITV appears to be walking away from a potential deal to acquire the Weinstein Company ’s TV division, though neither side will confirm. The two companies were believed to be in talks over a staggered deal worth anywhere from $300 million to a top rate of more than $950 million if all benchmarks were achieved. It now appears, however, that concerns over how the deal would move forward in practice, given TWC’s ongoing film commitments, has led to ITV look elsewhere. ITV reps, who never confirmed that negotiations were taking place in the first instance, told Deadline they do not comment on speculation. The development would come as a blow to the Bob and Harvey Weinstein and their shareholders, who had hoped the deal would pay back some of their initial investment dating back to the launch of the company in 2005 with a mix of $500 million in equity and $500 million in debt. TWC increasingly has ramped up its TV activity, across both reality ( Mob Wives ) and scripted fare ( … [Read more...] about ITV Walking Away From Weinstein Co. TV Deal; What Now For Bob And Harvey?
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Prince Harry says he moved his family to L.A. to protect his family like any husband and father would -- and blamed the media for "destroying my mental health." Harry's episode with James Corden for 'The Late Show' finally aired Thursday night and while riding an open-air double-decker bus -- COVID-safe -- he denied leaving the Royal family. In his eyes, "It was never walking away. It was stepping back rather than stepping down. It was a really difficult environment. As I think a lot of people saw, we all know what the British press can be like, and it was destroying my mental health. This is toxic. I did what any husband, any father would do. I needed to get my family out of here." Just last week, Buckingham Palace said Harry and Meghan had "confirmed to Her Majesty The Queen that they will not be returning as working members of The Royal Family." Play video content 2/5/21 TMZ.com James and Harry, who are mates off-camera, also talked … [Read more...] about Prince Harry Moved Family to Protect Them and His Own Mental Health
BREAKING : David Glasser is hitting back. After being vilified in the press by New York Attorney General Eric Schneiderman and subsequently fired for cause last Friday night by The Weinstein Company ’s Bob Weinstein and board members Tarak Ben Ammar and Lance Maerov as the trio presses for a completion of the sale of assets of the beleaguered company, Glasser has retained the legal firm Sauer & Wagner. The lawyers will file suit against TWC, Bob Weinstein and Ammar and Maerov alleging wrongful termination, retaliation, breach of contract and defamation. The suit seeks in excess of $85 million in damages. The lawsuit will be filed as early as tomorrow, but the announcement was made just now, not coincidentally before a scheduled 2:30 PM meeting in New York today between Schneiderman, Yucaipa’s Ron Burkle and Maria Contreras-Sweet to see if there is some common ground to be found to salvage their attempt to buy the assets of The Weinstein Company for around $500 … [Read more...] about Ousted Weinstein Company COO David Glasser To File $85M Lawsuit Against Board Members, Alleging He Has Been Made A Scapegoat
BREAKING : The board of directors of the beleaguered The Weinstein Company has just sent a statement announcing they’ve fired COO David Glasser for cause. The board declined to elaborate on this simple statement: “The Board of The Weinstein Company has unanimously voted to terminate David Glasser for cause.” The development is the latest turn in a turbulent week that began as bidders for the assets of the company — Maria Contreras-Sweet was to lead a majority female board with financing by Ron Burkle’s Yucaipa and Lantern Capital — were poised to close a $500 million deal. That deal stalled when New York Attorney General Eric Schneiderman filed a civil lawsuit that named Harvey Weinstein and Bob Weinstein and cited “a pervasive pattern of illegal activity.” In a subsequent press conference, the AG singled out Glasser for scorn , along with the Weinsteins and the board of directors, for not acting stridently on evidence that Harvey Weinstein was engaging in abusive and … [Read more...] about TWC Board Bombshell: Fires COO David Glasser For Cause
Austin McBroom was true to his name ... he cleaned the floor with Bryce Hall Saturday night, but it's unclear if the loser will have to ante up a million bucks. The event -- YouTubers vs. TikTokers -- is further proof these social media boxing matches are becoming the most popular events in combat sports ... like it or not. Austin dominated the fight from the get-go ... pummeling the TikToker from one end of the ring to the other. Bryce was beaten to a pulp in round 3 ... at one point the ref stopped the action with an 8 count to see if Bryce could continue, and he did ... for about 10 more seconds before a fierce combination to the body was enough for the ref, who stopped the fight. Gallery Launch Gallery Backgrid So, this was a TKO, not a knockout, and therein lies the problem. The deal was that the loser would pay the winner $1 mil if he got knocked out. TECHNICALLY, Bryce did not, so the money thing is unclear. Bryce says he pocketed $5 mil … [Read more...] about Austin McBroom Destroys Bryce Hall in Boxing Match