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"No Reckless Bidding"... Netflix Withdraws Acquisition Proposal for Warner Brothers

Netflix Official Announcement: "Bid Increase Proposal Rejected"... Capital Discipline and Shareholder Value First
The absolute powerhouse of the global streaming market, Netflix, has officially withdrawn its plan to acquire Warner Bros. Discovery . This big deal, which had raised expectations for the birth of a media giant, has come to an end as Netflix decided not to raise its acquisition price any further.
| Yangsimoh
Hip-hop mogul Sean “Diddy” Combs throws ‘emperor’s parties’ behind bars, spending thousands of dollars a month

Hip-hop mogul Sean “Diddy” Combs throws ‘emperor’s parties’ behind bars, spending thousands of dollars a month

‘Puff Daddy’ has a private chef and masseur, while Hennessy is smuggled in as part of VIP services at the prison
Hip-hop mogul Sean “Diddy” Combs, 56, known as “Puff Daddy,” has been enjoying an astonishingly lavish life behind bars, according to reports. Despite being an inmate facing the judgment of the law, Combs’ life in prison reportedly resembles that of a VIP lounge, based on testimony from multiple...
| James choi
[Photos &] Tom Cruise's 'Digger' transformation: Potbellied, balding and set for a bold new mission hitting theaters Oct. 3

[Photos &] Tom Cruise's 'Digger' transformation: Potbellied, balding and set for a bold new mission hitting theaters Oct. 3

A black comedy about a climate disaster triggered by a 9-meter glacier crack; director Alejandro González Iñárritu and Cruise will officially visit Korea on Oct. 1
Hollywood's iconic action star 'Tom Cruise' returns to the screen looking completely broken down. His new film 'Digger,' set for release on 'Oct. 3,' is a 'black comedy' about the downfall of a greedy oil tycoon who triggers a climate catastrophe.
| James choi
How Did Bong Joon-ho and Park Chan-wook Become Directors? 31 Masters Recall “My First Action” and Their Brilliant Debuts

How Did Bong Joon-ho and Park Chan-wook Become Directors? 31 Masters Recall “My First Action” and Their Brilliant Debuts

The debut struggles of leading Korean filmmakers, from a screenplay rewritten 30 times to seven years of financial hardship
Even the masters who now define Korean cinema had humble, uncertain beginnings. “The Outlaws” (2017) director Kang Yoon-sung’s arduous journey to the director’s chair at the late age of 47 is among the stories collected in the new book “My First Action”, along with the debut tales of 31 top...
| James choi
CJ CGV target price raised to 6,000 won as Spider-Man 4 fuels box office; Q3 profit seen at 56.4 billion won — “Strong theater performance expected in September”

CJ CGV target price raised to 6,000 won as Spider-Man 4 fuels box office; Q3 profit seen at 56.4 billion won — “Strong theater performance expected in September”

KB Securities keeps its “Hold” rating as a 2,200 billion won 4DPLEX investment eases the company’s global financial burden
“KB Securities” raised its target price for “CJ CGV” on the 7th, forecasting strong box-office performance in September while maintaining its “Hold” rating. The target price was raised to 6,000 won from 5,000 won. “CJ CGV” closed at 5,400 won in the previous trading session.
| James choi
MC Mong meets Kim Min-jong and apologizes for raising gambling allegations — dramatic turnaround after four months; will he withdraw defamation complaint?

MC Mong meets Kim Min-jong and apologizes for raising gambling allegations — dramatic turnaround after four months; will he withdraw defamation complaint?

Kim Min-jong’s side says it accepted the younger singer’s apology after he realized his mistake
MC Mong apologizes in person during a live broadcast on the fifth, taking legal dispute raised on the first into a new phase A dispute over the facts involving singer and actor 'Kim Min-jong' and singer 'MC Mong' reached a dramatic resolution after about four months, ushering in a new phase.
| James choi
Once star Glen Hansard dies in a motorcycle crash at 56

Once star Glen Hansard dies in a motorcycle crash at 56

The Irish singer-songwriter who won an Academy Award for “Falling Slowly” … tributes pour in from across the world, including U2’s Bono
A star is lost: Glen Hansard, of Once… dies at 56 after a solo motorcycle crash The man behind an Academy Award triumph and a $20 million box-office myth died early on Sept. 29 in a traffic accident in Dublin The wandering bard who left Dublin’s night streets for good The star of the global hit...
| James choi
'300 Billion Won Fraud' Cha Gawon Seeks Third Arrest Warrant Request... Will Prosecutors Again Reject It?

'300 Billion Won Fraud' Cha Gawon Seeks Third Arrest Warrant Request... Will Prosecutors Again Reject It?

Allegations of embezzling a 24.2 billion won advance payment and a 5.4 billion won jeonse scam... Defense attorney pushes back, saying the police carried out unlawful investigations
"Hundred Label" Cha Gawon faces 300 billion won fraud allegations... Eyes on police pressure for a third arrest warrant Police have taken the extreme step of pursuing a third arrest warrant against Cha Gawon, the representative of "Hundred Label", an entertainment agency accused of fraud on a...
| James choi
Is Paramount heading out of Hollywood? Tennessee offers a bold pitch to move its headquarters

Is Paramount heading out of Hollywood? Tennessee offers a bold pitch to move its headquarters

Amid antitrust lawsuits from 12 states, including California, Tennessee is making a direct appeal to Paramount by touting a business-friendly environment
An exodus from Hollywood? Tennessee throws 'a bold love call' at Paramount California, the beating heart of the U.S. film industry, is wobbling. With 12 states, including California, filing massive antitrust lawsuits against 'Paramount Skydance' (hereafter, Paramount), the Tennessee government has...
| James choi
Movie Industry “Big Deal” Falls Through as Lotte Cinema and Megabox Suspend Merger Talks

Movie Industry “Big Deal” Falls Through as Lotte Cinema and Megabox Suspend Merger Talks

Financial stress at Contentree JoongAng prompts the two companies to end their MOU, with Lotte Cinema pivoting to go it alone and focus on strengthening its content capabilities
A massive project that had been expected to shake up the Korean theater industry has ultimately collapsed. In a filing on the 1st, 'Lotte Shopping' declared that it will scrap the 'merger' process between 'Lotte Cultureworks' and 'Contentree JoongAng' involving 'Lotte Cinema' and 'Megabox' in full.
| James choi