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Warren Buffett Switches On Apple With $1 Billion-Plus Investmentby David Lieberman

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Fox Networks Says It Can Target Ads In Venues Where They Can’t Be Skipped

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Much like NBCUniversal did in its upfront presentation this morning, Fox Networks Ad Sales President Toby Byrne used his company’s event to attack digital competitors while vowing to give buyers opportunities to make sure their ads aren’t skipped. “Non-premium sub-prime video may get short moments of interest, ” Byrne told advertisers at New York’s Beacon Theater. “But we provide an immersive experience.” Audiences generally watch premium TV shows 90% of the time they… Read

Warner Bros. Consumer Products Names Soo Koo To Be Chief Creative Officer

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Warner Bros Consumer Products is becoming more Disney-fied: The company announced today that Soo Koo has left Disney to become Chief Creative Officer at Warner’s merchandise arm. She’ll report to WBCP’s President Pam Lifford, another Disney vet who joined in January. Koo had been North American Vice President of Creative for Fashion and Home at Disney Consumer Products and Disney Stores. In her new job, she will oversee “global strategy for all product design and… Read

Discovery Ups Robert Scanlon As EVP & GM Of Velocity

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Discovery Communications has promoted Robert Scanlon to EVP and General Manager of Velocity and Automotive Content. He will lead the programming, development, production, marketing and communications for Velocity and is charged with developing automotive content globally for Discovery Communications. Scanlon will continue reporting to Marjorie Kaplan, President of Content for Discovery Networks International. Scanlon had been GM of Velocity and Automotive Content. Before… Read

NBCU Jabs At Digital And Nielsen In Upfront Sales Pitch Across Properties

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NBCUniversal took shots at digital media and, only a little more subtly, at Nielsen in an uprfront presentation to promote all of its cable and digital properites in addition to the NBC and Telemundo broadcast networks. “The average American spends seven times as many hours watching television as they do on Facebook and 15 times more hours on television than they do watching YouTube,” Advertising Sales and Client Partnerships chief Linda Yaccarino told advertisers at the… Read

Warren Buffett Switches On Apple With $1B+ Investment

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Warren Buffett seems to have overcome his famous reluctance to invest in digital technology. His Berkshire Hathaway disclosed this morning in an SEC filing that at the end of Q1 it owned 9.81 million shares of Apple, valued at more than $1 billion. Apple shares opened up 1.7% after the news. The disclosure follows the revelation during the weekend that Buffett is backing Quicken Loans founder Dan Gilbert in a bid for Yahoo. These developments suggest the legendary… Read

Gannett Raises Tribune Publishing Offer By 22.5% Ahead Of Shareholder Vote

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Updated with Tribune Publishing response: Gannett apparently still believes that Tribune Publishing’s shareholders can pressure it to make a deal — even after the company adopted a poison pill takeover defense. The owner of USA Today this morning raised its offer for the owner of the Los Angeles Times by 22.5% to $15 a share, equal to $864 million including debt. The new offer is a 30.9% premium over Tribune’s closing price on Friday, and up 99.5% vs its price before… Read

China’s Bliss Media Launches $150 Million Film & TV Fund – Cannes

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China’s Bliss Media, a shareholder in Insiders, is partnering with CODI Capital Group to launch a film and TV fund to the tune of $150 million. Bliss Media CEO Wei Han and CODI Capital Group’s Xiaodi Li will co-manage the fund, which will concentrate on international film and TV equity investment. The first round of funding will invest in several quality projects with international distribution. Investment targets of the fund will be provided exclusively by Bliss Media… Read

Alibaba’s Ticketing Biz Valued At $2.1B After Fundraising Round

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Alibaba Pictures Group said today that a new round of funding has put a value of $2.1 billion (RMB13.7 billion) on its Taobao Movie ticketing business. The service received a Series A infusion of $260 million led by CDH Investments, Ant Financial Services Group and Sina.com. Other investors include Hehe Pictures, Bona Film, Huace Media, Nanpai Entertainment and Union Pictures. "The completion of this Series A Financing demonstrates that the business strategy, market… Read

Magnolia’s Magnet Acquires Christopher Smith’s Dark & Twisty ‘Detour’ – Cannes

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EXCLUSIVE: Magnet Releasing, the genre arm of Magnolia Pictures, has acquired North American rights to Detour, the twisty new thriller from writer/director Christopher Smith (Severance, Black Death) that world premiered last month at the Tribeca Film Festival. Detour stars Tye Sheridan (Mud, The Tree of Life), Emory Cohen (Brooklyn) and Bel Powley (Diary of a Teenage Girl) in a stylized noir tale about a college student whose attempts for revenge don't go exactly as… Read

Universal Scraps Exhibitor Requests For Clearances Starting With ‘Warcraft’; AMC To Play In Competitive Zones

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EXCLUSIVE: “The second domino tumbles!” That’s what one Delaware-based theater owner exclaimed to Deadline today, referring to the news in the exhibition world that Universal has followed 20th Century Fox’s lead in not granting exhibitor clearances, beginning with the June 10 release of the Legendary Pictures title Warcraft. For studios, this is a matter of good business, keeping their hands clean of the calamity that has ensued with the Justice Department’s investigation… Read

Bill Cosby Tries Again To Halt Criminal Case Over 2004 Rape Claim

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No obviously doesn't mean no to Bill Cosby when it comes to the courts. Just over a week before the actor is scheduled to face a Pennsylvania preliminary hearing on a trio of felony second-degree aggravated indecent assault charges that could land him a decade behind bars, Cosby wants the state's Supreme Court to take that date off the calendar and let him appeal the matter. “William H. Cosby, Jr. petitions for allowance of an appeal from the Superior Court's April 25… Read

Warren Buffett Joins Quicken Loans Founder Dan Gilbert In Yahoo Assets Bid: Report

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The future of Yahoo remains an unknown quantity as the company continues to mull over buyout options from interested parties. As a result, the company even eschewed it’s normally flamboyant Newfronts presentation this year in favor of a private meeting with advertisers earlier this month. But bidding over the company’s assets may have accelerated this afternoon, as billionaire Warren Buffet has joined a consortium vying for Yahoo that includes Quicken Loans founder Dan… Read

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