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Author Topic:   Alibaba
fred
A-List Writer

Posts: 8282
From:Redmond, WA
Registered: Apr 2000

posted November 17, 2014 02:13 PM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message   Reply w/Quote
Does Alibaba Plan To Take Control Of Lionsgate?

Lionsgate shares rose 5.3% to $33.00 today after The New York Post reported that the Chinese e-retail giant is eager to buy Mark Rachesky’s 37.4% stake in the independent studio. Although Lionsgate isn’t commenting, there’s enough in the wind to make the scenario plausible. Alibaba is flush with cash after its record-setting $25B IPO last month — and founder Jack Ma will be in Hollywood next week to talk with different studios. He already knows Lionsgate: Alibaba partnered with the studio this summer when they launched their Chinese subscription streaming service, Lionsgate Entertainment World, which features the studio’s movies and TV shows. And Rachesky, a hedge fund investor, might be eager to sell. The former protege of activist investor Carl Icahn broke with his mentor when he tried to buy Lionsgate. Rachesky also bought in, and he became Lionsgate chairman. But there’s always a question of price. Based on today’s closing price, Rachesky’s stake is worth about $1.7B. The company probably would not want a sale for less than $50 a share, Wunderlich Securities’ Matthew Harrigan says, but Rachesky “may have more of a trader mentality” and be willing to settle for less.

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indiedan
A-List Writer

Posts: 8507
From:Santa Monica
Registered: May 2000

posted November 17, 2014 02:21 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
Alibaba, Sony Pictures In Co-Financing Talks

Alibaba Group founder Jack Ma met with Sony Pictures leadership Tuesday to explore the possibility of co-financing movies, according to individuals with knowledge of the talks. The films would be in both Chinese and English, but would be aimed at worldwide audiences. Discussions centered on partnering on two local language films, with Alibaba distributing in China and Sony rolling out the pictures to the rest of the globe. No deal has been signed as of yet. Sony brass attending the meeting included Sony Pictures Entertainment chairman and CEO Michael Lynton, Sony Pictures Entertainment co-chairman Amy Pascal, Sony Pictures Entertainment Motion Picture Group president Doug Belgrad, worldwide business affairs and administration chief Andrew Gumpert, and Dede Nickerson, who heads production and strategic development for Sony in China. Sony has been firmly entrenched in the Chinese market since the 1990s. Nickerson is usually based in China but is currently in Los Angeles for meetings. Ma and his associates from Alibaba Pictures are in Hollywood this week meeting with high level executives at several studios, including 20th Century Fox and Lionsgate, about potential content deals and partnerships. The Chinese e-commerce company raised $25 billion after going public last month and has $3 billion in commitments related to entertainment content. It has discussed buying a stake in Lionsgate, in addition to other entertainment investments.

IP: 168.161.192.15

indiedan
A-List Writer

Posts: 8507
From:Santa Monica
Registered: May 2000

posted November 17, 2014 02:29 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
Alibaba’s Jack Ma Romances Hollywood

Jack Ma’s tour of Hollywood this week is taking him to studio lots and an NBA game, but he isn’t just sight-seeing. The executive chairman of Chinese e-commerce giant Alibaba Group Holdings Ltd., which also has film and video-on-demand businesses, is meeting with the heads of several Hollywood studios, including Sony’s Sony Pictures Entertainment, Comcast’s Universal Pictures, 21st Century Fox’s Twentieth Century Fox, Viacom’s Paramount Pictures, and Lions Gate Entertainment, according to knowledgeable people. At a meeting with Sony executives Tuesday, Ma discussed his desire to make more culturally significant films in China. He also raised the possibility of the two companies working together to co-finance upcoming releases, said a person familiar with the discussion. Ma is expected to discuss similar topics, as well as his company’s VOD platform, with other studio executives. Alibaba’s VOD service can show movies even if they didn’t make it past China’s import quotas onto movie screens. In July, Lions Gate announced a deal to offer its movies via a new subscription streaming service on Alibaba set top boxes in China. The Lions Gate-Alibaba venture is one of several VOD businesses in China already streaming Hollywood movies and television shows. Ma attended a Los Angeles Lakers basketball game Tuesday night along with Ari Emmanuel and Patrick Whitesell, the co-chief executives of giant talent agency William Morris Endeavor Entertainment. The trio discussed possible ways for WME clients to work with Alibaba as well as business opportunities in China, said a knowledgeable person. At the WSJ.D Live conference in Laguna Beach, Calif. on Monday evening, Ma said he would be looking for partnerships in the film business, as China is on track to surpass the U.S. as the world’s largest box office market.

IP: 168.161.192.15

indiedan
A-List Writer

Posts: 8507
From:Santa Monica
Registered: May 2000

posted November 17, 2014 02:45 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
Lionsgate Likes Cozying Up To Alibaba, But Won’t Discuss Sale Chatter

Lionsgate execs wouldn’t bite when analysts invited them to address the most important question facing the independent studio: Whether there’s anything to the report that its largest investor, co-chairman Mark Rachesky, is considering selling his 37.4% stake to Alibaba. But they don’t seem to mind having a closer relationship with the Chinese e-retail colossus — its partner there in a new subscription streaming service, Lionsgate Entertainment World, which features the Lionsgate’s movies and TV shows. “We’ve shown with our relationship with Televisa, with Canal Plus and Studio Canal that having interesting partners in other territories can be a benefit,” CEO Jon Feltheimer said this morning in the company’s quarterly earnings call. “It doesn’t need to be on an equity basis. You’re going to see me spending a lot of time in China at the beginning of next year….Certainly equity always encourages people to do other strategic things with you. But at the end of the day I think it’s just a way of creating partnerships.” He added that the studio is “in discussions with several other prospective partners for additional online branding platforms” similar to the streaming one with Alibaba, but didn’t elaborate.

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