Actor Kirk Douglas and his wife have donated $15 million toward a Motion Picture Television Fund campus in Woodland Hills, California, to help build a care center for Hollywood industry members suffering from Alzheimer's disease.
The Los Angeles Daily News reports that the center will be named after Douglas and is expected to cost $35 million in total.
Officials announced Wednesday – Douglas's 99th birthday – that his gift will kick the design and planning of the new facility into high gear.
Douglas was born Issur Danielovitch in 1916 in Amsterdam, New York. He changed his name to Kirk Douglas as he started his acting career.
The cleft-chin leading man went on to receive three Academy Award nominations and starred in such Hollywood classics as "Spartacus" and "Lust for Life."
Avid completes acquisition of Wolftech
Avid®, known for software solutions for professional media production, has completed the acquisition of Wolftech Broadcast Solutions, a leader in cloud-based multiplatform news planning, production and publishing solutions.
The acquisition enables Avid to combine its digital-first, end-to-end media solution with Wolftech’s expertise in story-centric workflow management. News organizations will be able to increase efficiency and accelerate story delivery through enhanced remote collaboration and multiplatform amplification.
Avid CEO Wellford Dillard stated, “Wolftech is unquestionably on the leading edge of where the industry is going, and this acquisition demonstrates Avid’s commitment to transform news, sports, and live production workflows. We are delighted to welcome Wolftech into the Avid family.”
Wolftech CEO Arne Berven added, “We were focused on finding a partner that could accelerate the adoption of our platform globally. We explored a number of possibilities, but when we talked to Avid, we knew it was the right match.”
The closing of the acquisition follows Avid’s announcement on October 7 that the company had entered into a definitive agreement to acquire Wolftech.
With this acquisition, Avid deepens the integration between the two toolsets while continuing to embrace an open approach in partnering with a wide range of media production tools and newsroom systems. Existing Wolftech customers will benefit from Avid’s global scale for customer support and professional services.
Ian Axton, head of production operations for ITV News, said, “As a customer of both Avid and Wolftech we’re excited about the benefits this acquisition will bring to our users and our business. Wolftech has transformed... Read More