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Fred Segal Dies: Los Angeles Retail Icon Was 87


Fred Segal
A pioneer of the shop-in-shop concept, his ivy-covered store on Melrose became a place where celebrities and fashionistas mixed and mingled.
Fred Segal, the retail giant who helped shape the fashion and cultural landscape in Los Angeles by launching new designers and providing threads for A-list clientele like The Beatles, Diana Ross, The Jackson 5 and Angelina Jolie, has died. He was 87.
Segal died Thursday of complications from a stroke at Providence Saint John s Health Center in Santa Monica, a publicist announced.
He had suffered a stroke on Feb. 5, 2014, something he announced himself on a holiday card sent at year s end to friends and family with a message that life as we knew it would never be the same. But the enigmatic Segal showed off his personality and will to live by including a photo of himself wearing a hat, smoking a cigarette and raising a middle finger with the slogan, Stroke this. ....

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MGM Looking to Sell Entire Film Library and Studio


MGM Looking to Sell Entire Film Library and Studio
MGM Looking to Sell Entire Film Library and Studio
According to The Wall Street Journal, MGM is planning to sell its entire film studio which includes its wide and rich film library as well as TV-titles they’ve produced. The company, who has a reported market value of around $5.5 billion, has already tapped two investment banks -Morgan Stanley and Lion Tree LLC.- in order to kick-start the formal sale process.
According to the outlet, MGM is hoping that their vast library content would attract companies, who are interested in expanding into the streaming landscape. MGM currently has ownership on over 4000 titles and 17,000 hours of television programming. This includes big franchises such as the ....

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