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Search resuls for: "Tony Vinciquerra"


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Sony and Apollo Global Management are reportedly bidding big for Paramount. AdvertisementSony and the private equity firm teamed up for an all-cash offer of $26 billion for Paramount Global, The Wall Street Journal reported on Thursday. Sony and Apollo's offer was nonbinding, according to the JournalApollo's bid comes after Paramount announced its CEO Bob Bakish was stepping down Monday. Apollo previously bid $11 billion for just Paramount's movie studio, the Wall Street Journal reported in March. Apollo partner Aaron Sobel co-signed the offer letter with Sony CEO Tony Vinciquerra, people familiar with the situation told the Journal.
Persons: Bob Bakish, They've, Hayley Cuccinello, Aaron Sobel, Tony Vinciquerra, Sobel, Lee Solomon, Shari Redstone hasn't Organizations: Sony, Apollo Global Management, Paramount, Paramount Global, Street, Skydance Media, RedBird Capital Partners, KKR, Apollo, Wall Street, Legendary Entertainment, Concord Music Group
Actor Mark Wahlberg lobbied Nevada state lawmakers Wednesday to pass a bill that would coax more film production to Las Vegas. The electronics giant has committed to spend $1 billion on film production in Nevada over a decade, but only if the tax incentive package, known as the Nevada Film Studio Infrastructure Act, passes. That studio would sit on the University of Nevada Las Vegas technology park, which would also include educational facilities for job training in the film industry. "For a company to earn $190 million tax credit ... they would have to spend $633 million filming and creating economic development for this whole valley." Other states have seen film production tax credits become a financial drain, according to analysis by the Nevada Policy Research Institute.
Persons: Mark Wahlberg, Wahlberg, I've, Sen, Roberta Lange, Howard Hughes, Tony Vinciquerra, David O'Reilly, O'Reilly, Birtcher Organizations: CNBC, Nevada Legislature, Birtcher Development, Sony Pictures Entertainment, Howard, Howard Hughes Corp, Sony, Nevada Film Studio, Las Vegas Media, University of Nevada, Nevada Policy Research Institute Locations: Nevada, Las Vegas, Summerlin, University of Nevada Las Vegas
It also represents a significant bridging of the divides between Sony Pictures Entertainment, Sony PlayStation and Sony Music, according to a dozen current and former senior executives interviewed by Reuters. “I defined our identity as a creative entertainment company with a solid foundation on technology,” Sony chief executive Kenichiro Yoshida said. Sony’s “creative entertainment” company approach extends beyond content. A Sony-Honda electric vehicle, scheduled to reach consumers by 2026, is being framed as a rolling showcase of Sony’s entertainment, gaming and camera sensor prowess. This August will bring another test of Sony’s strategy when “Gran Turismo” hits theaters after languishing for 12 years.
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