The U.K. Competition and Markets Authority has stunned Wall Street by issuing a ruling that blocks Microsoft’s proposed $68.7 billion merger with video game publisher Activision Blizzard on grounds the megadeal would enable the U.S. software giant to unduly dominate the nascent cloud gaming space.
One thing’s certain, say media analysts: The U.S. tech giant’s proposed takeover has received a near-fatal blow in an essential gaming market. “For Microsoft and Activision, we suspect the CMA decision is a deal-killer,” Svb Securities Research analyst Clay Griffin argued in an April 26 investor note.
Despite the U.K. roadblock, shares in Microsoft ended Wednesday up $19.95, or just over 7 percent, at $295.37 after the tech giant beat revenue and earnings estimates for its first-quarter results on Tuesday, while Activision Blizzard saw its share price tumble by $9.93, or 11.5 percent, to $76.81.
The surprise British regulatory ruling comes over a year after Microsoft,...
One thing’s certain, say media analysts: The U.S. tech giant’s proposed takeover has received a near-fatal blow in an essential gaming market. “For Microsoft and Activision, we suspect the CMA decision is a deal-killer,” Svb Securities Research analyst Clay Griffin argued in an April 26 investor note.
Despite the U.K. roadblock, shares in Microsoft ended Wednesday up $19.95, or just over 7 percent, at $295.37 after the tech giant beat revenue and earnings estimates for its first-quarter results on Tuesday, while Activision Blizzard saw its share price tumble by $9.93, or 11.5 percent, to $76.81.
The surprise British regulatory ruling comes over a year after Microsoft,...
- 4/26/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Nick McKay has joined Elysian Film Group Distribution as head of distribution, while the company has acquired Studio Ghibli’s “Earwig and the Witch,” its first project for U.K. theatrical release.
McKay was previously head of distribution at Picturehouse Entertainment, where he worked on a theatrical and home entertainment slate including “The Wife,” “The Party” and “God’s Own Country.”
One of McKay’s first tasks at Elysian will be the early 2021 U.K. release of “Earwig and the Witch,” which Elysian acquired from Wild Bunch International. Based on the children’s novel of the same name by Diana Wynne Jones, the film is the iconic animation studio’s first entirely 3Dcg animated film. The film is directed by Goro Miyazaki and produced by studio co-founder Toshio Suzuki with planning from his father, Oscar winner Hayao Miyazaki.
The film, which was chosen earlier this year as part of the 2020 Cannes Film Festival Official Selection,...
McKay was previously head of distribution at Picturehouse Entertainment, where he worked on a theatrical and home entertainment slate including “The Wife,” “The Party” and “God’s Own Country.”
One of McKay’s first tasks at Elysian will be the early 2021 U.K. release of “Earwig and the Witch,” which Elysian acquired from Wild Bunch International. Based on the children’s novel of the same name by Diana Wynne Jones, the film is the iconic animation studio’s first entirely 3Dcg animated film. The film is directed by Goro Miyazaki and produced by studio co-founder Toshio Suzuki with planning from his father, Oscar winner Hayao Miyazaki.
The film, which was chosen earlier this year as part of the 2020 Cannes Film Festival Official Selection,...
- 12/3/2020
- by Naman Ramachandran
- Variety Film + TV
Nick McKay joins to head up a planned release slate of 10-12 films a year.
Danny Perkins’ London-based production and distribution outfit Elysian Film Group has appointed Nick McKay, the former Picturehouse, Soda Pictures and StudioCanal executive, as head of theatrical distribution.
McKay – and Elysian’s - first release will be Studio Ghibli animation Earwig And The Witch which Elysian has picked up for the UK from Wild Bunch International. It aims to open the film in cinemas in early 2021.
Based on the children’s novel of the same name by Diana Wynne Jones, the film is the studio’s first entirely 3Dcg animated film.
Danny Perkins’ London-based production and distribution outfit Elysian Film Group has appointed Nick McKay, the former Picturehouse, Soda Pictures and StudioCanal executive, as head of theatrical distribution.
McKay – and Elysian’s - first release will be Studio Ghibli animation Earwig And The Witch which Elysian has picked up for the UK from Wild Bunch International. It aims to open the film in cinemas in early 2021.
Based on the children’s novel of the same name by Diana Wynne Jones, the film is the studio’s first entirely 3Dcg animated film.
- 12/3/2020
- by Geoffrey Macnab
- ScreenDaily
UK distributor-producer Elysian Film Group has appointed Picturehouse Entertainment exec Nick McKay as Head of Distribution.
The company has also announced today its first acquisition for theatrical release: Studio Ghibli pic Earwig And The Witch. Based on the children’s novel of the same name by Diana Wynne Jones, the film is the Japanese studio’s first entirely 3Dcg animated film.
The Cannes 2020 film is directed by Goro Miyazaki and produced by studio co-founder Toshio Suzuki with planning from his father, Hayao Miyazaki.
The film charts the story of orphan Earwig who has no idea that her mother had magical powers. Her life will take a new turn when a strange family takes her in, and she is forced to live with a selfish witch.
Elysian acquired rights from Wild Bunch International and plans a theatrical run in early 2021.
Meanwhile, McKay joins the recently established UK distribution company, which launched...
The company has also announced today its first acquisition for theatrical release: Studio Ghibli pic Earwig And The Witch. Based on the children’s novel of the same name by Diana Wynne Jones, the film is the Japanese studio’s first entirely 3Dcg animated film.
The Cannes 2020 film is directed by Goro Miyazaki and produced by studio co-founder Toshio Suzuki with planning from his father, Hayao Miyazaki.
The film charts the story of orphan Earwig who has no idea that her mother had magical powers. Her life will take a new turn when a strange family takes her in, and she is forced to live with a selfish witch.
Elysian acquired rights from Wild Bunch International and plans a theatrical run in early 2021.
Meanwhile, McKay joins the recently established UK distribution company, which launched...
- 12/3/2020
- by Andreas Wiseman
- Deadline Film + TV
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