In this May 16, 2018 file photo, Michael Moore attends the Turner Networks 2018 Upfront in New York. (Photo by Evan Agostini/Invision/AP, File)
NEW YORK (AP) --
Michael Moore's Donald Trump critique "Fahrenheit 11/9" will premiere at the Toronto International Film Festival before hitting theaters September 21.
Moore unveiled the first look at this latest documentary Thursday, releasing a trailer online . The title is an inversion of his 2004 George W. Bush documentary, "Fahrenheit 9/11," which became the highest grossing documentary ever with $222.4 million in worldwide box office. The date refers to when Trump was declared winner of the 2016 election: November 9th.
In the trailer, Moore calls Trump "the last president of the United States."
"Fahrenheit 11/9" was initially to be distributed by The Weinstein Co. but will now be distributed by Tom Ortenberg's newly launched Briarcliff Entertainment.
"Fahrenheit 11/9" will make its world premiere in Toronto on September 6.
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
