Movies

Gregory Meyer initiates proxy was with Blockbuster

MUMBAI: Gregory Meyer, the co-founder of DVDXpress that merged with Redbox last year, has initiated a proxy battle with Blockbuster in his aim to see himself as company director.


News of the proxy battle comes as Carl Icahn disclosed that he sold all of his Class B shares and more than 48,000 Class A shares of Blockbuster. That leaves the billionaire financier with less than 4 per cent of the company, down from about 17 per cent recently.


Meyer, who owns 620,000 Blockbuster shares, wants to replace James Crystal when shareholders vote at the annual meeting 26 May. Crystal incidentally owns 140,000 Blockbuster shares.


In a filing, Meyer said that one reason shareholders should oust Crystal is that he hasn‘t purchased shares from the open market and has got them only through his service on the board. Meyer also noted that when Crystal joined the board in 2007, The stock of Blockbuster was at $6.50 a share and it closed at 28 cents on Thursday.


Blockbuster CEO Jim Keyes called Meyer‘s self-nomination "a costly and disruptive proxy contest," and recommended that shareholders vote for Crystal.
 

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/Rahul_Jain.jpg?itok=GIGUw3GR
Sundance, World Cinema award-winning Indian docu 'Machines' to premiere at MAMI

MUMBAI: After making the World Premiere at Sundance Film Festival 2017 and bagging the World Cinema Documentary Special Jury Award for excellence in Cinematography, Rahul Jain’s internationally acclaimed directorial debut documentary feature, Machines to make its India Premiere in the competition...

Movies Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/PVR_watermark.jpg?itok=t7MDjOnQ
PVR watermark and trained staff help detect piracy, says Sanjeev Bijli, targets 1000 screens by '20

NEW DELHI: It had always been a favourite meeting place until it closed down over a decade ago, and it was sorely missed. The Chanakya cinema was the only theatre in Chanakyapuri -- the capital’s diplomatic enclave -- and so it exhibited either English or blockbuster films. But, an unseemly dispute...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/23/wildlife_film_1.jpg?itok=m7d0aHZ_
A chartered accountant, a wildlife film, international awards and buyers...

You may have not heard of this chartered accountant and lawyer who transformed himself into a wildlife filmmaker.

Movies Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/haseena-parkar.jpg?itok=CZ3QyHg9
Haseena Parkar....Who!

Director Apoorva Lakhia seems to be getting excited about all the wrong ideas. Last time, he watched the 2004 Hollywood film, Man On Fire, came back jet speed to India and launched a Hindi ‘remake’.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/bhoomi.jpg?itok=zMl4fjEM
Bhoomi....80s revisited

Bhoomi, directed by Omung Kumar, is a throwback to the 1980s era when the villain and his cohorts would rape a hero’s sister and he would take revenge against them.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/18/simran.jpg?itok=HFk84h3_
It's a dull period for films

No happy news for either the exhibitors or the trade in general, so far. The poor run of films continues and, releasing new films in this dull period, adds to the woes.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/16/Sushilkumar_Agrawal.jpg?itok=jNF6xKxo
TV and film exporters' council plans 'content certification', elects Ultra's Agrawal and Shemaroo's Gada

NEW DELHI: The Indian Council of IMPEX for Films and TV Programmers, at its Annual General Meeting, has elected Sushilkumar Agrawal, Ultra Media and Entertainment CEO, as the president.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/15/simran.jpg?itok=3GJ6W2kf
Simran: Ill-defined

Gujarati NRI family or a Gujarati abroad seems to be the current theme for filmmakers. We recently had Jab Harry Met Sejal and this week has seen the release of Simran.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/15/lucknow.jpg?itok=JsG2m-UR
Lucknow Central...Script of convenience

Lucknow Central has its inspiration from some foreign films. The titles acknowledge that it was inspired by Healing Hearts –the story is of a band promoted by a jail superintendent at a Lucknow jail with inmates. Whatever the source, the film has a similar storyline to the recently released film...

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories