In this Nov. 22, 2015 file photo, Prince presents the award for favorite album - soul/R&B at the American Music Awards in Los Angeles. Ava DuVernay is making a multi-part documentary on Prince for Netflix with the support of the late musician’s estate. (Photo by Matt Sayles/Invision/AP, File)
NEW YORK (AP) --
Ava DuVernay is making a multipart documentary on Prince for Netflix with the support of the late musician's estate.
The director on Tuesday confirmed Twitter reports late Monday that she's working on the film. The documentary will be made with extensive use of Prince's archives and will span the artist's entire life.
It will be the "Selma" filmmaker's second documentary for Netflix. Her 2016 film, "The 13th," explored mass incarceration as a form of continued slavery for African-Americans. It was nominated for best documentary by the Academy Awards and won an Emmy Award for outstanding documentary.
DuVernay, who earlier this year directed Disney's "A Wrinkle in Time," is currently filming the Netflix miniseries "Central Park Five."
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
