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    Court says OK for Cannes to show Gilliam’s Don Quixote film

    By SHOOTUpdated:No Comments1416 Views
    Portuguese film producer Paulo Branco arrives at Paris' court house, Monday, May 7, 2018. (AP Photo/Michel Euler)
    PARIS (AP) --

    Monty Python star Terry Gilliam's long-awaited film "The Man Who Killed Don Quixote" will premiere at the Cannes Film Festival next week after all.

    A Paris court rejected an effort by Portuguese producer Paulo Branco to block the showing of the film. The court instead ruled Wednesday in favor of the Cannes organizers.

    Branco, who initially worked with Gilliam on the film, claims he also has rights to the movie. Gilliam contests Branco's claims.

    The film, nearly two decades in the making, is scheduled to close the festival May 19. It has been plagued by production problems, funding issues and legal woes.

    While Branco lost the Paris court case, he scored a separate victory when Amazon dropped plans to distribute the film.

    The film stars Adam Driver and Stellan Skarsgard.

    Tags:Cannes Film FestivalPaulo BrancoTerry GilliamThe Man Who Killed Don Quixote



    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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