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☆ Why Carlyle is making big private credit investments in Hollywood companies like New Regency and 'South Park' creators' Park County
▼ + stars: | 2023-10-19 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

The investment speaks to Carlyle's underlying thesis in this space, said the managing director, Ben Fund, who sits on the Carlyle Credit Opportunities team. "It is amazing how much people love some of this high-quality content," Fund told Insider, speaking about famous sitcoms or films from recent decades. Streamers also need unique original titles to lure subscribers, but "it's a lot more expensive and risky to create new content than it is to license content," Fund said. Finding strategies to support Hollywood through volatile timesCarlyle's big moves come as private asset managers step up their lending game in Hollywood. For Carlyle, Fund said, this creates opportunity — and he added that such companies often have "real pride" and a "real legacy" to uphold.

Persons: Carlyle, Smith, Ben Fund, Trey Parker, Matt Stone, Arnon Milchan, Yariv, Austin Butler, Jodie Comer, Michael Shannon, it's, we're, hasn't Organizations: Washington DC, New Regency, New, Carlyle Credit, Bloomberg, Hollywood, Fund, Netflix, Content Partners, ICM Partners, CAA Locations: New, Carlyle, Park County, California, Hollywood

☆ Hollywood mogul Arnon Milchan testifies in Netanyahu case
▼ + stars: | 2023-06-25 | by ( Maayan Lubell | ) www.reuters.com time to read: +2 min

[1/4] Israeli PM Benjamin Netanyahu attends Arnon Milchan's video testimony, during Netanyahu's ongoing trial at the District Court in Jerusalem, June 25, 2023. ATEF SAFADI/Pool via REUTERSJERUSALEM, June 25 (Reuters) - Hollywood mogul Arnon Milchan began his testimony in the corruption trial of Israeli Prime Minister Benjamin Netanyahu on Sunday, in a court session that was broadcast live from an English seaside town direct to Jerusalem. The prime minister has denied any wrongdoing in this case and two other cases that are being heard in the same trial. The prime minister has described the gift-giving among friends as normal conduct and his trial as a political witch-hunt. When the prime minister arrived at the Jerusalem court to watch from afar, Milchan greeted him off-screen with "Shalom, Bibi!"

Persons: Benjamin Netanyahu, Arnon Milchan's, ATEF, Arnon Milchan, Netanyahu, Milchan, Bibi, Shalom, Dan Williams, Maayan, Frances Kerry Organizations: REUTERS, Prosecutors, Thomson Locations: Jerusalem, REUTERS JERUSALEM, Hollywood, Brighton, Australian, Israel

☆ Hollywood Tycoon Testifies in Netanyahu’s Corruption Trial
▼ + stars: | 2023-06-25 | by ( Isabel Kershner | ) www.nytimes.com time to read: +1 min

In the opening hours of his testimony, Mr. Milchan described his relationship with Mr. Netanyahu as “close friends, almost brothers,” and confirmed that he had given cigars and Champagne to Mr. Netanyahu and his wife, Sara. Mr. Netanyahu, who is on trial in three separate but interlocking corruption cases, has been charged with fraud and breach of trust in the case involving Mr. Milchan. Mr. Netanyahu has denied all wrongdoing. Mr. Milchan, 78, who produced blockbusters like “Pretty Woman,” “Mr. His colorful life and relationship with Mr. Netanyahu has helped turned the Case 1000 trial into a showcase of the nexus of money, power and influence in Israel.

Persons: Benjamin Netanyahu, Arnon Milchan, Milchan, Netanyahu, “, ”, Sara, Mr, Smith ” Locations: Hollywood, Israel

☆ The Hollywood Producer Who Could Bring Down Israel’s Netanyahu
▼ + stars: | 2023-06-24 | by ( Isabel Kershner | ) www.nytimes.com time to read: +1 min

The life story of Arnon Milchan, billionaire Hollywood mogul and secret agent, could have been made for the silver screen: He produced blockbusters like “Pretty Woman,” “Mr. & Mrs. Smith” and “Bohemian Rhapsody,” and also made a fortune from arms dealing, including covert exploits procuring weapons for Israel, his native country. A decade ago, he went public about his work for Israeli intelligence, landing himself in a spot of trouble. But a longstanding relationship he had with Benjamin Netanyahu, then and once again the Israeli prime minister, proved to be useful. Mr. Netanyahu successfully lobbied senior American officials on Mr. Milchan’s behalf to reinstate his visa, according to an Israeli indictment against Mr. Netanyahu.

Persons: Arnon Milchan, ”, Smith ”, Benjamin Netanyahu, Netanyahu, Mr Locations: Israel, United States

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