Cast and crew from the film 'The Dead and The Other' Thiago Macedo Correia, from left, producer Ricardo Alves Jr., producer Isabella Nader, co-director Renee Nader Messora, co-director Joao Salaviza and actor Ihjac Kraho, right, hold placards calling for the demarcation of indigenous lands and a halt to the genocide of indigenous people in Brazil, upon arrival at the premiere of the film 'Dogman' at the 71st international film festival, Cannes, Wednesday, May 16, 2018. (Photo by Joel C Ryan/Invision/AP)
CANNES, France (AP) --
Cast and crew members of the Brazilian film "The Dead and the Other" held up placards on the Cannes Film Festival red carpet Wednesday to protest what they called "the genocide" of indigenous people in Brazil.
The movie is based on the filmmakers' experience living for nearly a year in a village of Kraho people in north Brazil. It is playing in the Un Certain Regard section at Cannes.
Co-directors Joao Salaviza and Renee Nader Messora joined actor Ihjac Kraho in displaying the signs calling for the protection of indigenous lands. They were attending the premiere of "Dogman."
Brazilian politicians last year changed how land is to be demarcated for 900,000 aboriginal people. Activists maintain that without more protection, indigenous groups are being pushed off their land in violent disputes.
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
