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2:00am
Lotte turns up the heat on rivals with $1.2bn stores deal
...South Korean convenience store chain, for $235m last month.The group also took a 27 per cent stake in a $2.7bn Universal Studios theme park near Seoul, rescuing a struggline project.Lotte said it would increase investment this year to $4bn...Kravis Roberts, the US private equity company.Lotte is looking to expand its retail presence in Songdo , a $35bn city being built on reclaimed mudflats off the west coast, and has entered a partnership with retail developer Taubman Asia... By Christian Oliver in Seoul
3:34pm
Lotte expands its retail empire
...cent stake in a $2.7bn Universal Studios theme park near Seoul, rescuing...presence in Songdo, a $35bn city being built on reclaimed mudflats...cent stake in a $2.7bn Universal Studios theme park near Seoul, rescuing...retail in Songdo, a $35bn new city being built on reclaimed mudflats... By Christian Oliver in Seoul
January 19, 2010
S Korean movie theme park deal rescued
...Korean authorities predict the Universal Studios park will be its largest in Asia...golf course and shopping complex. Universal will also invest directly itself...southern Seoul but its involvement in the Universal Studios venture will allow it to raise competitive...construction work at Songdo to build a $35bn city on reclaimed mudflats off the west... By Christian Oliver in Seoul
August 31, 2009
Hollywood aims to leap language gap
...audiences. Across Hollywood, rival studios such as Sony Pictures, Universal and Walt Disney have awoken to the potential of local language productions. The new interest in the sector is a break with the past, when studios assumed international audiences could...box office receipts come from local productions, he says, while the market is expected... By Matthew Garrahan in Los Angeles
January 20, 2010
Domestic groups rescue Seoul movie theme park deal
...Breaking the impasse, Universal Studios yesterday signed a financing agreement...golf course and shopping complex. Universal will also invest directly itself...southern Seoul but its involvement in the Universal Studios venture will raise pressure on Everland...work at Songdo to build a $35bn new city on reclaimed mudflats. Posco holds... By Christian Oliver in Seoul
January 27, 2005
Richard A. Epstein: Contributory infringement wars
...simple Richard Epstein: An argument with two parts In 1984, the United States Court held in Sony Corporation v Universal City Studios (Betamax) that the owners of motion pictures could not sue the sellers of Betamax machines for contributory... By Richard A. Epstein
January 19, 2010
Singapore casinos roll dice on $10bn bet
...Sentosa will have four hotels, a Universal Studios theme park and an oceanarium The first...s Genting group on gambling in the city state. The resorts – officially forecast...and business travellers flock to the city. The biggest of the resorts, the $5.5bn Marina Bay Sands in the city’s business district, will boast two...four hotels with 1,800 rooms, a Universal Studios theme park and the world’s largest... By Kevin Brown in Singapore
January 29, 2010
Vivendi guilty of misleading investors
...going to win.”The case centred on the 21-month period after a three-way merger of Vivendi, Seagram, which owned Universal Studios, and Canal Plus, the French pay-television operator. The case was filed in 2002.Damages are expected to be set at... By Kenneth Li in New York and Peggy Hollinger in Paris
January 20, 2010
Singapore casinos poised for first roll of the $10bn dice
...s Genting group on gambling in the city state. The resorts - officially forecast...Marina Bay Sands,Las Vegas Sands in the city's business district, will boast two...have four hotels with 1,800 rooms, a Universal Studios theme park and the world's largest...image from nanny state to racy resort city. The government wants to buttress manufacturing... By Kevin Brown in Singapore
January 18, 2009
Universal Pictures buys stake in Italy’s Cattleya
...deal forms part of a push by NBC Universal, led by chief executive Jeff Zucker...Television, which made Hotel Babylon. Universal Pictures is keen to invest in local language films. Other studios, namely Walt Disney and Sony Pictures...up their efforts internationally. Universal’s approach is to identify the...Fernando Meirelles, director of City of God, to make films in Brazil and...Timur Bekmambetov’s Bazelevs Productions to make films for the Russian market... By Matthew Garrahan in Los Angeles