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    SAG-AFTRA Foundation to honor Jeffrey Katzenberg, Spike Lee

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    Director Spike Lee pose for photographers during a photo call for the film "BlacKkKlansman" at the 71st international film festival, Cannes, southern France, Tuesday, May 15, 2018. (Photo by Arthur Mola/Invision/AP)
    LOS ANGELES --

    The SAG-AFTRA Foundation will present its Patron of the Artists Awards to entertainment industry leader, WndrCo co-founder and NewTV (working title) founder Jeffrey Katzenberg and trailblazing director/producer/writer Spike Lee whose most recent film BlacKkKlansman opened earlier this year. The award honors industry leaders who are champions of the arts and whose history of fostering creativity and creating opportunities for actors has made a positive impact on the acting profession and the performing arts. The SAG-AFTRA Foundation’s 3rd annual Patron of the Artists Awards benefit takes place Thursday, November 8, at the Wallis Annenberg Center for the Performing Arts in Beverly Hills.

    “The SAG-AFTRA Foundation is a 501(c)(3) nonprofit organization dedicated to providing a vital safety net for artists throughout their careers. We believe that the contributions made by performing artists to our society are not only valuable, but essential, and it’s not only the arts, but the artists who need a community of support,” said SAG-AFTRA Foundation president JoBeth Williams. “Jeffrey Katzenberg and Spike Lee are two leaders within our industry who have created opportunities, opened doors, nurtured careers and provided jobs to countless artists. They understand the value of artists–and the arts–to transport us to worlds that we have never seen before and tell stories that have never been told before. Mr. Lee and Mr. Katzenberg are innovators, leaders and champions of the arts, and of artists, and could not be more deserving of our Patron of the Artists Awards.” 

    Previous recipients of the SAG-AFTRA Foundation’s Patron of the Artists Awards are director/writer/producer Judd Apatow, director/producer Kathryn Bigelow, director/writer/producer Lee Daniels, producer Megan Ellison, director/producer Rob Marshall, and Netflix chief content officer Ted Sarandos. The Patron of the Artists Awards event includes musical performances with ticket sales benefitting the SAG-AFTRA Foundation’s vital assistance and performers programs for SAG-AFTRA artists, as well as its Emmy®-nominated children’s literacy program Storyline Online®.

    In addition to honoring Katzenberg and Lee with Patron of the Artists Awards on November 8, the SAG-AFTRA Foundation will also recognize Harrison Ford and Lady Gaga with Artists Inspiration Awards for their philanthropic work.

    Tags:Jeffrey KatzenbergSAG-AFTRA FoundationSpike Lee



    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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