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Tag: Southern California

  • University of Southern California introduces three more chairs endowed by George Lucas

    University of Southern California introduces three more chairs endowed by George Lucas

    MUMBAI: On Thursday, 13 March, Lucas continued his philanthropy by endowing faculty chairs named for Sergei Eisenstein, George Méli?s and Williams Cameron Menzies. Eisenstein, Méli?s and Menzies are considered filmmaking pioneers. Their theories and practices are taught in film programs around the world.

     

    At a dedication event at the School of Cinematic Arts (SCA), professors Bruce A. Block, Michael L. Fink and Alex B. McDowell were installed as the first holders of the new endowed chairs. Block was named the Sergei Eisenstein Endowed Chair in Cinematic Design; Fink as the George Méli?s Endowed Chair in Visual Effects; and McDowell as the William Cameron Menzies Endowed Chair in Production Design. The total number of endowed positions at SCA is currently at twenty-four, more than any other cinematic arts program in the country.

     

    SCA Dean Elizabeth Daley said the chairs celebrate the importance of continued innovation. “In the mold of the filmmakers they are named after, these new chairs represent innovation in the cinematic arts,” she said in a press statement. Bruce Block, Michael Fink and Alex McDowell have each made singular contributions to their fields and are doing important work in the industry, while simultaneously preparing the next generation of innovative storytellers.

     

    At the dedication event Lucas said he was naming the chairs as a way to say “don’t forget the basics. Don’t get enamored with new technology…it doesn’t change anything. The art of what we do is exactly the same. The goal that we have is exactly the same as George Méli?s, Williams Cameron Menzies and  Sergei Eisenstein. It’s beyond technology. It’s the art of movies.”

     

    Bruce Block has been teaching Filmic Expression, a course that Eisenstein originated for more than 35 years. Block’s producing and consulting credits include What Women Want, Something’s Gotta Give, The Holiday, As Good As It Gets, Stuart Little and Father of the Bride I and II. Block directs documentaries and animated films for museums, commercials, the IMAX format, and NASA simulations. Additionally, he conducts seminars in visual structure for studios including Blizzard, Blue Sky, Disney, Dreamworks, ILM, Lucasfilm, and Pixar. His book, “The Visual Story” has been published in six languages and is used as a reference text by filmmakers around the world.

     

    “Eisenstein’s ideas influenced all of Hollywood’s filmmakers from the montages of Frank Capra’s films to the MGM dance extravaganzas of Busby Berkeley to Disney’s animation,” Block said during a speech at the dedication, noting that Eisenstein lectured at USC. “His teachings became part of our curriculum and were taught here by Slavko Vorkapich, Les Novros, Woody Omens and then by me.”

     

    Michael Fink, who has been pioneering visual effects for more than thirty-five years, began his career on The China Syndrome in 1977. His other credits include Star Trek: The Motion Picture, Blade Runner, Batman Returns, The Golden Compass, Avatar and Life of Pi. He was nominated for the Academy Award for Best Achievement in Visual Effects for Batman Returns in 1993 and won the Oscar in that category in 2008 for The Golden Compass. Fink is on the Executive Committee of the Visual Effects Branch of the Academy of Motion Picture Arts and Sciences, and is a founding member, board member and current Vice-Chair of the Visual Effects Society.

     

    “I believe this Chair is the first endowed chair in Visual Effects at any university,” he told the crowd gathered in the Ray Stark Theatre. “Naming it after George Méli?s, truly the father of all that we do in visual effects today, is not only appropriate, but the least we can do to carry his name forward in our teaching.”

     

    Alex McDowell has more than thirty years’ experience as a narrative designer and is creative director of USC’s World Building Media Lab and the thought leadership network, USC 5D Institute. His credits as a production designer include Fear and Loathing in Las Vegas, Fight Club, Minority Report, Watchmen and Man of Steel. McDowell was a visiting scholar to MIT’s Media Lab from 2006 to 2011. He is a Getty Research Institute scholar and on the executive board of the Academy of Motion Pictures Arts and Sciences Designers Branch. In 2006, he was awarded Royal Designer for Industry by the UK’s Royal Society of Arts, and in 2013 the Designers & Art Directors President’s Award. He remains a practicing designer, working in multiple media with the company he leads, 5D Global Studio.

  • Comcast acquires Time Warner Cable for $45.2 bln

    Comcast acquires Time Warner Cable for $45.2 bln

    MUMBAI: Comcast Corporation, the largest video, high-speed internet and phone services provider in the US, will acquire its competitor Time Warner Cable for $45.2 billion in all-stock deal.

     

    Through the merger, Comcast will acquire Time Warner Cable’s approximately 11 million managed subscribers. In order to reduce competitive concerns, Comcast said it is prepared to divest systems serving approximately 3 million managed subscribers.

     

    As such, Comcast will, through the acquisition and management of Time Warner Cable systems, net approximately 8 million managed subscribers in this transaction. This will bring Comcast’s managed subscriber total to approximately 30 million.

     

    Following the transaction, Comcast’s share of managed subscribers will remain below 30 percent of the total number of multi-channel video programming distributor (MVPD) subscribers in the US.

     

    Comcast Corporation  and Time Warner Cable today announced that their boards of directors have approved a definitive agreement for Time Warner Cable to merge with Comcast.

     

    Comcast will acquire 100 per cent of Time Warner Cable’s 284.9 million shares outstanding for shares of Comcast amounting to approximately $45.2 billion in equity value.

     

    Each Time Warner Cable share will be exchanged for 2.875 shares of CMCSA, equal to Time Warner Cable shareholders owning approximately 23 percent of Comcast’s common stock, with a value to Time Warner Cable shareholders of approximately $158.82 per share based on the last closing price of Comcast shares.

     

    The transaction will generate approximately $1.5 billion in operating efficiencies and will be accretive to Comcast’s free cash flow per share while preserving balance sheet strength. The merger will also be tax free to Time Warner Cable shareholders.

     

    Comcast said this transaction will create a leading technology and innovation company, differentiated by its ability to deliver ground-breaking products on a superior network while leveraging a national platform to create operating efficiencies and economies of scale.

     

    “The combination of Time Warner Cable and Comcast creates an exciting opportunity for our company, for our customers, and for our shareholders,” said Comcast’s Chairman and CEO Brian L Roberts. “Also, it is our intention to expand our buyback program by an additional $10 billion at the close of the transaction.

     

    The new cable company will generate multiple pro-consumer and pro-competitive benefits, including an accelerated deployment of existing and new innovative products and services for millions of customers.

     

    Comcast’s subscribers today have access to the most comprehensive video experience, including the cloud-based X1 Entertainment Operating System, plus 50,000 video on demand choices on television, 300,000 plus streaming choices on XfinityTV.com, Xfinity TV mobile apps that offer 35 live streaming channels plus the ability to download to watch offline later, and the newly launched X1 cloud DVR.

     

    Comcast is also a technology leader in broadband and has increased Internet speeds 12 times in the past 12 years across its entire footprint. Time Warner Cable owns cable systems located in key geographic areas, including New York City, Southern California, Texas, the Carolinas, Ohio, and Wisconsin.

     

    Time Warner Cable will combine its unique products and services with Comcast’s, including StartOver, which allows customers to restart a live program in progress to the beginning, and LookBack, which allows customers to watch programs up to three days after they air live, all without a DVR.

     

    Time Warner Cable also has been a leader in the deployment of community Wi-Fi, and will combine its more than 30,000 hotspots, primarily in Los Angeles and New York City, and its in-home management system, IntelligentHome, with Comcast’s offerings.

     

    The companies said the merger agreement between Comcast and Time Warner Cable is subject to shareholder approval at both companies and regulatory review and other customary conditions and is expected to close by the end of 2014.

     

    J.P. Morgan, Paul J. Taubman, and Barclays Plc acted as financial advisors to Comcast and Davis Polk & Wardwell LLP and Willkie Farr & Gallagher LLP are its legal advisors. Morgan Stanley, Allen & Company, Citigroup and Centerview Partners are financial advisors to Time Warner Cable and its Board of Directors, and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Skadden, Arps, Slate, Meagher & Flom LLP are legal advisors.