Entertainment

Vivendi’s Universal Music to Sell 10 Percent Stake to Bill Ackman SPAC, Valuing Label at $40B

Vivendi’s Universal Music to Sell 10 Percent Stake to Bill Ackman SPAC, Valuing Label at $40B

BY GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT The French media conglomerate finalized a deal to offload a 10 percent stake in the music major to a blank check company of Bill Ackman’s hedge fund Pershing Square. French media conglomerate Vivendi has finalized a deal to sell a 10 percent stake in Universal Music Group to a so-called “blank check” company set up by Bill Ackman’s hedge fund Pershing Square, valuing the music major at €35.0 billion ($40 billion). Vivendi had recently said it was in talks with the financial vehicle about selling it the stake in the label, home of the likes of Taylor…
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Yo Gotti Spends Big on Lavish Westlake Village Mansion

Yo Gotti Spends Big on Lavish Westlake Village Mansion

BY JAMES MCCLAIN, DIRT.COM Troy Warren for CNT The "Recession Proof" rapper paid $7.6 million for the 10,110-square-foot, six-bedroom house. In case you weren’t aware, hip-hop is the music industry’s biggest and most lucrative genre, a multibillion-dollar juggernaut accounting for more than a third of all streams globally. One of the many to benefit from that popularity is Yo Gotti, the “Recession Proof” rapper and record company CEO who’s just spent big on a mansion within an exclusive Westlake Village enclave — the same guard-gated community where other residents include YouTube’s very own Trisha Paytas, Disney CEO Bob Chapek, NFL star Cooper Kupp, Heather Locklear and…
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Kenny Chesney reschedules Atlanta concert at Mercedes-Benz Stadium for May 2022

Kenny Chesney reschedules Atlanta concert at Mercedes-Benz Stadium for May 2022

By Melissa Ruggieri, The Atlanta Journal-Constitution Troy Warren for CNT It’s gone through a few postponements and cancellations, but the Kenny Chesney stadium tour now has an itinerary. The country superstar will bring his “Here and Now 2022 Stadium Tour” to more than a dozen U.S. stadiums starting April 23 in Tampa. Chesney will return to Mercedes-Benz Stadium in Atlanta at 5 p.m. May 21. In a statement announcing the new dates, Chesney detailed his reasons for postponing into 2022. “With every city, county and state having their own protocols, with capacity numbers shifting every day, I didn’t want to announce until…
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Roku CEO On Quibi Acquisition: “To Be Honest We Just Got a Good Deal”

Roku CEO On Quibi Acquisition: “To Be Honest We Just Got a Good Deal”

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT "We are looking for shows that work well with the AVOD business model," Anthony Wood said of the company's future content plans. Roku plans to continue investing in original content, but don’t expect it to compete with Netflix or Disney. “As the scale grows, it just makes sense for us … to do some originals, and to start making some of our own content,” Roku CEO Anthony Wood said Friday. “The reason we do it is quite different than a traditional SVOD service. For those services customers pay a monthly fee, and they have to…
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Mark Hamill Celebrates Carrie Fisher’s Walk of Fame Star Announcement

Mark Hamill Celebrates Carrie Fisher’s Walk of Fame Star Announcement

BY RYAN PARKER | HollywoodReporter.Com Troy Warren for CNT The Luke Skywalker actor was previously one of the loudest voices among the throngs of fans lobbying for the space princess to have her mark on Hollywood Boulevard.  Mark Hamill on Friday night celebrated the announcement that his space sister Carrie Fisher would finally be bestowed a star on the Hollywood Walk of Fame. The late actress is among 38 honorees who will have their names forever enshrined along the popular Los Angeles landmark, including Francis Ford Coppola, Macaulay Culkin, Willem Dafoe, Salma Hayek, James Hong, Helen Hunt, Michael B. Jordan, Regina King, Ray Liotta and Ewan…
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Pacific Theatres Files For Chapter 7 Bankruptcy

Pacific Theatres Files For Chapter 7 Bankruptcy

BY ETAN VLESSING | HollywoodReporter.Com Troy Warren for CNT The exhibitor, which includes Arclight Cinemas, will liquidate assets to repay creditors. The impact of the pandemic has Pacific Theatres Exhibition Corporation not opening the doors on its ArcLight Cinemas and Pacific Theatres locations. The embattled exhibitor, with in all 16 locations, has instead filed for Chapter 7 bankruptcy to liquidate its remaining assets for its creditors, the company said on Friday. “We are deeply grateful to our employees, our guests, and the film community for coming together over the past decades to create so many wonderful moviegoing experiences,” Pacific Theatres Exhibition…
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Hollywood Flashback: ‘The Fast and the Furious’ Juggernaut Started in 2001

Hollywood Flashback: ‘The Fast and the Furious’ Juggernaut Started in 2001

BY AARON COUCH | HollywoodReporter.Com Troy Warren for CNT The franchise has spawned eight sequels and a spinoff that have grossed more than $6.15 billion to date, with the latest incarnation set for release June 25. Twenty years ago, no one realized just how far living life “a quarter mile at a time” — as Vin Diesel’s character Dominic Toretto so poetically puts it — would take The Fast and the Furious. The scrappy crowd-pleaser starring Paul Walker as an undercover LAPD detective and Diesel as the leader of a group of street racers spawned eight sequels and a spinoff (the latest, F9, out June 25)…
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Box Office: ‘Hitman’s Wife’s Bodyguard’ Tops Wednesday With $3.9M

Box Office: ‘Hitman’s Wife’s Bodyguard’ Tops Wednesday With $3.9M

BY PAMELA MCCLINTOCK | HollywoodReporter.Com Troy Warren for CNT The sequel, which is opening midweek, reunites Ryan Reynolds, Salma Hayek and Samuel L. Jackson. Lionsgate and Millennium Media’s The Hitman’s Wife’s Bodyguard shot its way to No. 1 at the Wednesday box officewith an opening-day gross of $3.9 million from 2,490 theaters. The $3.9 million includes Tuesday preview grosses and paid sneaks over the weekend. Directed by Patrick Hughes, the action-comedy sees Ryan Reynolds, Samuel L. Jackson and Salma Hayek all reprise their roles from the 2017 breakout hit. The film is the first action-comedy on the marquee since major markets reopened, and will expand on Friday into 3,331…
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Director Dee Rees on the Importance of Debut ‘Pariah’ Becoming a Criterion Release: “We Have to Widen the Canon”

Director Dee Rees on the Importance of Debut ‘Pariah’ Becoming a Criterion Release: “We Have to Widen the Canon”

BY REBECCA KEEGAN | HollywoodReporter.Com Troy Warren for CNT As Rees becomes the first African American woman to join the collection, the press-shy 'Mudbound' helmer talks about staying off social media, her hope that the Black filmmaking resurgence is more than a trend, and the joy of breaking new ground: "Maybe I shouldn’t have been first, but it doesn't diminish the pride I feel." In 1995, while trying to buy a movie ticket, Dee Rees got an early lesson in the bias of film industry economics. Then a freshman at Florida A&M University, Rees went to the local multiplex in Tallahassee to see Dead Presidents,…
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“My Family Doesn’t Want to Be Overwhelmed by My Backside”: Regé-Jean Page, Chris Rock, John Boyega and the THR Drama Actor Roundtable

“My Family Doesn’t Want to Be Overwhelmed by My Backside”: Regé-Jean Page, Chris Rock, John Boyega and the THR Drama Actor Roundtable

BY LACEY ROSE | HollywoodReporter.Com Troy Warren for CNT Jonathan Majors and Josh O’Connor also join the discussion about family reactions to sexy roles, how actors are "the empathy bridge" in Hollywood and why on-set support goes a long way: "Your fellow actors will give you more jobs than your reps." During the course of an hour in mid-May, five of the industry’s most talented actors, full-stop, convened for a conversation — part of The Hollywood Reporter‘s annual Emmy Roundtable series — that whipped between emotional and gut-busting with little warning. There was no subject off-limits as Bridgerton‘s Regé-Jean Page, The Crown‘s Josh O’Connor, Fargo‘s Chris…
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