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    Industry mourns passing of Mobius Awards’ Lee Gluckman Jr.

    By SHOOTUpdated:No Comments572 Views
    Lee Gluckman Jr.
    REDONDO BEACH, Calif. --

    Lee Gluckman Jr., chairman of the Mobius Awards and US International Film & Video Festival, died on August 17 after a brief illness.

    Gluckman made an indelible impact on the industry. A graduate in Communications from Michigan State University, he spent his entire career in film and video production. Gluckman was a member of the International Quorum of Motion Pictures Producers and the International Documentary Association. He also served as president of The International Committee of Tourism Film Festivals, and operated Producers Group Ltd. which he founded in 1967 in Chicago and relocated to the Los Angeles area in 1985.

    Through Producers Group, Gluckman had been the chief negotiator representing film and video producers nationally in Corporate/Educational and Non-Broadcast Recorded Material Talent Contracts with the Screen Actors Guild and the American Federation of Television and Radio Artists.

    Gluckman brought a hands-on personal approach to his endeavors. For example, he traveled internationally to meet with many Mobius Award and US International Film & Video Festival entrants. For the past several years he had tried to meet personally with all of the Mobius Best of Show and the Best of Festival winners for the US International Film & Video Festival right up until COVID-19 prevented travel. Gluckman leaves behind friends throughout the world.

    Tags:Lee Gluckman Jr.Mobius AwardsUS International Film & Video 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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