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Hollywood mogul with deep China ties, wife drop over $1.7 million into coffers supporting Biden's re-election bid

A former Disney CEO and his wife recently donated more than $1.7 million to a joint fundraising committee authorized by President Biden's campaign, despite their deep ties to China.

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Leaders of Influence: Private Equity, Investors & Advisors 2022 - Ari Lanin

Leaders of Influence: Private Equity, Investors & Advisors 2022 - Ari Lanin
labusinessjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from labusinessjournal.com Daily Mail and Mail on Sunday newspapers.

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Quibi Legal Fight With Eko, Hedge Fund Elliott Management Gets Personal

Quibi Legal Fight With Eko, Hedge Fund Elliott Management Gets Personal
Todd Spangler, provided by
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Quibiwinked offline in December, most of its employees have been let go and Roku now owns Quibi’s content library. But Jeffrey Katzenberg and Meg Whitman’s ill-fated video streamer is still battling a lawsuit trying to extract more than $100 million in damages from the defunct startup — and now, Quibi’s lawyers are suggesting the head of the hedge fund behind the litigation has a personal financial interest in the case.
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In the latest drama in the legal spat, Quibi alleges that Paul Singer, Elliott’s founder and co-CEO, may be mainly interested in backing the Eko suit because his girlfriend’s son works there.

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Quibi was supposed to be a haven for creatives. Then it shut down

As Jeffrey Katzenberg and Meg Whitman prepared to launch their streaming service Quibi, the powerhouse executives pitched it as a happy home for filmmakers to bring their short-form shows and movies. The company was what every producer wants to see in Hollywood — a big-spending new buyer hungry for fresh material.
Best of all, creators would be able to retain ownership of their projects, a potentially attractive deal given the demand for content in the streaming era.
“Our deal is one of the most attractive deals that anybody can [get] today,” Katzenberg said at a 2018 industry event.
But after Quibi’s sudden collapse, announced this week, showrunners and studios are left scrambling to figure out what to do with the productions they’ve spent months developing for the platform, which now do not have an obvious home.

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