In this March 3, 2006 file photo, David Chase, creator and producer of the hit HBO series "The Sopranos," poses on a set in the Queens borough of New York. (AP Photo/Diane Bondareff, File)
LOS ANGELES (AP) --
"The Sopranos" might be coming to the movie theater.
Warner Bros. Pictures says Thursday that New Line has purchased a screenplay for a "Sopranos" prequel from series creator David Chase and Lawrence Konner. The studio says the working title is "The Many Saints of Newark" and will be set in the 1960s during the Newark riots.
Chase's acclaimed series about mobster Tony Soprano, played by the late James Gandolfini, ran for six seasons on HBO and won 21 primetime Emmys.
Warner Bros. Picture Group chairman Toby Emmerich says in a statement that the studio is thrilled that Chase has decided to revisit and enlarge the Soprano universe. Chase will executive produce and co-write the film, but a director has yet to be selected.
Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)
DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.
The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.
The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.
DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.
"While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.
The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.
The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.
DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More
