Thursday, 15 April 2010

Hollywood Babble On & On #490: A Couple of Little Bits

Welcome to the show folks...

Not much to blog about today. Carl Icahn has upped his bid for Lionsgate to $7 a share, and billionaire gadfly Mark Cuban has bought 5% of the company. Like Nikki Finke, I too have no idea what his involvement means, so I won't speculate.

Maybe he wants the company to merge with
his hobby company Magnolia Pictures?

Maybe he thinks he can make a quick buck off the fight?

Maybe the magic leprechaun that lives in the sandbox behind his house told him to do it?

I don't know.

What I do know is that there will be millions of dollars that could have been spent on production and distribution for profit being spent on more of the war of the words and "poison pill" financial gamesmanship between Icahn and Lionsgate Management.

In other news....

Just read a post at The Wrap about Tom and Alec Gores and their bid for Miramax. The more I read, the more I suspect that they seem very serious into turning the once proud indie into a viable concern. Though Tom Gores' involvement in Lindsay Lohan's I Know Who Killed Me, shows that they will need some good people in the development department.

Now I must restate that their seriousness is the biggest threat to them winning the battle for Miramax. Disney may not be interested in creating anything that may compete with them on any level. That's why they are still considering bids from the flailing Weinstein Bros, and the crashing and burning ThinkFilm conglomeration. Both parties are highly unlikely to do anything with Miramax that can possibly challenge Disney.

So let's keep our eyes open, and see where things are going.

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