SGMA Saipan

Main Menu

  • Garment Factory
  • Manufacturers Association
  • Garment Worker
  • Textile Industry
  • Capital

SGMA Saipan

Header Banner

SGMA Saipan

  • Garment Factory
  • Manufacturers Association
  • Garment Worker
  • Textile Industry
  • Capital
Capital
Home›Capital›Hollywood trade publications unite in joint venture

Hollywood trade publications unite in joint venture

By Guillermo Porter
March 11, 2021
0
0


(Bloomberg) – Hollywood’s longtime rivals in trade publications are uniting under one roof.

Penske Media Corp., which owns Variety and Rolling Stone, will run the Hollywood Reporter, Billboard and Vibe in a joint venture with their owner, MRC, Variety reported Wednesday.

As part of the deal, the terms of which were not disclosed, Penske and MRC will create an entity called PMRC through which Penske will manage the day-to-day operations of the entertainment and music brands. In another PMRC joint venture, MRC will use its production assets, including Dick Clark Productions, to develop new content based on PMRC stories and properties.

Variety and The Hollywood Reporter have battled to cover the entertainment industry for decades. Variety debuted in New York City in 1905 and launched a West Coast Daily Edition in 1933, which gained fame for titles like “Sticks Nix Hick Pix”. The Hollywood Reporter was founded in 1930. Both publications are now print weekly magazines and are widely distributed online.

Penske’s holdings that are not part of the new joint ventures include Deadline, WWD, She Media, Sportico and Robb Report. MRC, formerly known as Valence Media, bought the music data operations of Nielsen Holdings Plc last year and produced films such as “Knives Out”.

Outside of the PMRC businesses, Penske and MRC will operate separately, according to Variety.


Related posts:

  1. CFPB: Tenants at risk as pandemic safety net ends
  2. 3 fast online loans with monthly payments
  3. CFPB report says tenants are at risk with COVID-19 end of support – RISMedia |
  4. Oportun Financial: Provides $ 2 Million Low Interest Loan to Help Other Community Development Financial Institutions (CDFIs) Advance Financial Inclusion

Recent Posts

  • Norman and Rosalie Hughes | WFIW
  • ComplexLand Brands to Watch: Check Out the NYC-Based Streetwear Label Brigade
  • الوكالة الوطنية للإعلام – The United Nations Environment Programme, in partnership with the Lebanese American University, Fashion Design Program presents “Zero Waste Fashion: An Eco-Design Marathon”
  • The best folding high chair
  • 3 sustainable companies fighting fast fashion

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021

Categories

  • Capital
  • Garment Factory
  • Garment Worker
  • Manufacturers Association
  • Textile Industry
  • Terms and Conditions
  • Privacy Policy