Friday, October 24th5.7°C
23840
23371

Robert De Niro's Tribeca Enterprises sells 50 per cent stake to Madison Square Garden Company

NEW YORK, N.Y. - A film company co-founded by Robert De Niro called Tribeca Enterprises is selling a 50 per cent stake to the Madison Square Garden Company.

The deal was announced Saturday night. It combines two major New York show business players, gives Tribeca Enterprises the marketing power of a growing sports and entertainment company and offers the MSG Co. an entry into the film business.

The deal values Tribeca Enterprises at $45 million. The company was co-founded by De Niro and Jane Rosenthal, who will remain CEO.

Among the properties owned by the MSG Co. are Radio City Music Hall, the Beacon Theatre, the New York Knicks and the New York Rangers.

The company is also the presenter of the Tribeca Film Festival. The 13th festival begins April 16.

The Canadian Press


Read more Business News

23833


Recent Trending




Today's Market
S&P TSX14536.49+49.66
S&P CDNX804.69-3.91
DJIA16766.2288.32
Nasdaq4471.803+19.011
S&P 5001959.61+8.79
CDN Dollar0.8905+0.0001
Gold1231.20+2.10
Oil80.73-1.02
Lumber335.00+5.40
Natural Gas3.609-0.013

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.41+0.25
Copper Mountain Mining2.05-0.03
Colorado Resources0.135-0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.42+0.01

 



23015

FEATURED Property
2081102#311 555 Yates Road
2 bedrooms 2 baths
$224,999
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22632