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    Vanessa Redgrave to receive career prize at Venice Film Fest

    By SHOOTUpdated:No Comments2096 Views
    In this file photo dated Thursday, June 21, 2018, British actress Vanessa Redgrave pose during the presentation of her new documentary movie 'Sea Sorrow', in Milan, Italy. Redgrave will receive the prestigious Golden Lion career prize during this year’s Venice Film Festival. (AP Photo/Luca Bruno, FILE)
    ROME (AP) --

    British actress Vanessa Redgrave will receive the prestigious Golden Lion career prize at this year's Venice Film Festival.

    Each year, the Venice Biennale awards two prizes to celebrate careers in cinema, one to a movie director and one to an actor or actress. Together with Redgrave, Canadian filmmaker David Cronenberg will receive the Golden Lion at the festival, which runs Aug. 29-Sept. 8.

    Redgrave, a six-time Oscar-nominated actress, won the Academy Award in 1978 for her performance in "Julia." She won a Tony Award for best actress in a play for "Long Day's Journey into Night" in 2003.

    In a statement released Tuesday by organizers, Redgrave said she was "extraordinarily happy" to learn about the prize.

    Venice festival organizers are to release the lineup for the film festival on Wednesday.

    Tags:Vanessa RedgraveVenice Film Festival



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    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

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