EXCLUSIVE Multi-media mogul David Geffen is one day away from selling his Malibu compound and breaking a record for the most expensive single residential transaction in Malibu history ... TMZ has learned. Our real estate sources say the movie/music/political influencer will pocket $85 MILLION in the sale that closes Tuesday. The oceanside estate sits on 5 lots and has 5 separate buildings, including the main residence and 2 guest houses. It has a pool, theater, gym and on and on. The buyer is a financial guy, which makes sense. The area is called Billionaire's Beach. It used to be riddled with celebs, including Diana Ross , Janet Jackson , Courteney Cox and many others, but it got too rich for the blood of just about everyone but the titans of industry. As for Geffen, we're told he's selling because he now spends most of his time on his ridiculously amazing yacht and his NYC apartment. Kurt Rappaport is repping both the buyer and seller. He … [Read more...] about David Geffen Sells Mega-Malibu Estate for a Record $85 MILLION!!!
Metlife real estate investors
Marcus Corp ., which runs the fourth-largest movie theater circuit in the U.S., posted fourth-quarter results below Wall Street forecasts, but execs point to brighter days in the next few months. “If the film schedule holds,” CFO Doug Neis said during a conference call with analysts, “we have much higher hopes that we’re going to have a real summer season.” He noted an encouraging move by Sony, which bucked the tide of films being pushed out of the summer, with Peter Rabbit 2 shifting to May 14 from a prior release date in June. Even if grosses don’t return to 2019 levels, he said, the dormancy of 2020 will be in the past. Revenue plunged 82% in the quarter ending December 31, to $36.7 million, and adjusted net losses reached $1.22 compared with a year-ago profit of 33 cents a share. The consensus forecast by analysts called for revenue of $62.8 million, and it anticipated a net loss of $1.17. Related Story Cinemark CEO Mark Zoradi Sees CA Movie Theaters … [Read more...] about Movie Theater Operator Marcus Corp. Posts Dim Q4 Results, But Execs Anticipate A “Real Summer Season”
Canadian actor-brothers Shamier Anderson ( Wynonna Earp ) and Stephan James ( If Beale Street Could Talk ), alongside their youngest brother Sheldon James, have co-founded Canada’s first Black-owned venture capital firm dedicated to BIPOC entrepreneurs. The Bay Mills Investment Group will support and mentor young entrepreneurs in the BIPOC (Black, Indigenous and people of color) community in building profitable businesses through its Bay Mills Diversity Fund. The company will accept pitches from all industry verticals but said it is paying close attention to entertainment, real estate ownership and management, cannabis production and distribution, and education. The team said that they have raised $15M CAD of an initial round of $25M CAD, en route to complete three planned additional rounds for a total fund size of $100M CAD for the Bay Mills Diversity Fund by June 2021. They are actively seeking corporate partnerships and accredited investors. Related Story … [Read more...] about Actors Shamier Anderson & Stephan James Launch Venture Capital Firm For BIPOC Entrepreneurs In Canada
South by Southwest Conference and Festivals have revealed the full program for the 28th edition of the SXSW Film Festival — and it will all take place online March 16-20. As previously reported , the documentary Demi Lovato: Dancing with the Devil is set to open the fest while the Charli XCX quarantine docu Alone Together will serve as the film fest closer. Keeping in line with the films about musicians, Mary Wharton’s Tom Petty, Somewhere You Feel Free will make its World Premiere as a centerpiece film. “It’s been a year unlike any we’ve experienced, first marked by the cancellation of SXSW 2020,” said Janet Pierson, Director of Film. “We feel privileged to have been able to pivot to SXSW Online and present a fantastic treasure trove of programming, including a pared down and wonderful selection of films that we know will delight, entertain and move our attendees. SXSW Online will bring attendees a multifaceted event that speaks to so many areas of creativity in one … [Read more...] about SXSW Film Festival Unveils Full Lineup; Charli XCX Quarantine Feature To Close Fest; Tom Petty Docu Set As Centerpiece
Foo Fighters partnered with Apple Music for their new Medicine at Midnight Radio series. The six-part project, which celebrates the band’s recently issued 10th LP, launched Monday with a debut installment featuring bassist Nate Mendel. In a statement about the show, frontman Dave Grohl noted, “We’re going to listen to some music. I’ll tell you some stories, play you some new songs, play you some songs that inspired me when I was young…kind of take you from the beginning all the way up to today.” Fans can listen each day this week at 7 p.m. ET via Apple Music Hits and simultaneously on the group’s new, limited-run Sirius XM station, Foo Fighters Radio (channel 105). The station will also stream encores of each show the next morning at 7 a.m. ET. In the first episode, featuring drummer Joe Plummer as special guest, Mendel reflects on his musical roots, including the hardcore scene in Washington, D.C., the formation of his prior band Sunny Day … [Read more...] about Foo Fighters Launch ‘Medicine at Midnight Radio’ Series