MUMBAI: Ronald Tutor, a Hollywood investor involved in purchase of the Miramax film library from Walt Disney Co.in 2010 has said that he‘s days away from selling his film interests.
The sale could be executed within 10 days, he said while on a conference call with analysts who cover his Tutor Perini Corp. (TPC), However It was not clear if the Miramax interests were part of his sale plans.
“I‘m probably a week to 10 days from executing, selling my movie interests,” Tutor said on the call. “If for some reason that, awful as it may sound, doesn‘t go through, I‘d probably have another stock sale in June or July,” Tutor has reportedly said.
The construction magnet‘s film investments extend beyond Miramax, it is understood. His ventures include the Intermedia film library, owner of Timecop, The Wedding Planner and Basic Instinct 2.
Tutor is an investor in Filmyard Holding LLC, the entity led by Colony Capital LLC that bought the Miramax library in 2010 for $660 million. It may be interesting to note that since the acquisition, Miramax signed licensing agreements valued at $325 million and negotiated a $500 million refinancing to reduce borrowing costs.
Tag: TPC
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Ronald Tutor to sell off his film interests
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Ten Sports to telecast Players Championship
MUMBAI: Ten Sports will telecast live the Players Championship from 23 March.
The tournament will be played at the TPC of Sawgrass in Ponte Vedra Beach, Florida. The four-hour long live telecast of the Players Championship will air at 11:30 pm on each of the four days.
The live telecast of the Championship follows Ten Sports’ recent signing of an exclusive deal with the US PGA Tour, which makes it the home for the world’s biggest golf tour in the sub-continent.
With Ten Sports also having the exclusive rights for the European PGA Tour, the world’s second biggest tour after the US PGA, and the Indian PGA Tour, the channel has the most complete bouquet of golf for the growing number of fans in the sub-continent.
All ten players in the top ten of World Rankings, including world number one Tiger Woods, number two Vijay Singh of Fiji and number three Retief Goosen of South Africa, will be in action in the four-round 72-hole tournament, the tickets of which were sold out last week.
Atwal, who will be playing his first Players Championship, said, “I am eagerly looking forward to playing the Players Championship, which is often referred to as the ‘fifth major’ by most of us. And it is heartening to know that Ten Sports will be telecasting the tournament live back home. I hope to perform well and that many of my friends and fans of the game can see what the tournament is like.”
Apart from the various tours, Ten Sports also has exclusive rights of the biennial Ryder Cup showdown between the USA and Europe, and also the PGA Championship, the fourth and final major of the year.