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    HBO orders series on New York rock scene

    By SHOOTUpdated:No Comments842 Views
    In this Feb. 7, 2008 file photo, Mick Jagger, left, of The Rolling Stones and U.S. director Martin Scorsese, right, arrive during the opening of the Berlinale film festival in Berlin, Germany. (AP Photo/Markus Schreiber, File)
    NEW YORK (AP) --

    HBO has given the go-ahead to a series about the music scene in 1970s New York, written by "Boardwalk Empire" creator Terence Winter and including Martin Scorsese and Mick Jagger as executive producers.

    Jagger's son, James, is featured as the lead singer of the fictional punk rock band Nasty Bits. Mick Jagger famously sang about late 1970s New York in the Rolling Stones song "Shattered."

    The story is told through the eyes of a record company president, played by Bobby Cannavale, who is searching for the next big thing in the era of punk and disco. Olivia Wilde, Ray Romano, Andrew "Dice" Clay, Bo Dietl and Jack Quaid are also featured.

    HBO also didn't have an estimate Tuesday on when the new series, currently untitled, may be ready.

    Tags:HBOMartin Scorsese



    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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