DOCSLIB.ORG

BDA Partners 20 Years of Crossborder M&A Involving Asia

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
BDA Partners 20 Years of Crossborder M&A Involving Asia April 2017 BDA Partners 20 Years of crossborder M&A involving Asia Experts in Asian M&A Leading independent Asian investment banking firm 2016 marked 20 years of providing high quality M&A and transaction advice Dedicated to Asia, with global reach Pure advisory, boutique attention We deliver true global coverage for our clients from BDA’s own platform Advisory services Financial sponsor portfolio company exits London 25% New York Seoul Corporate divestments Shanghai Tokyo Dubai Founder exits Hong Kong 75% Mumbai Ho Chi Minh City Corporate acquisitions Singapore Buyside M&A Capital raising Sellside Buyside Debt advisory Core values align with clients’ interests Active across major sectors Experience ✓ BDA is owned and managed by its Partners, who have an average tenure of over fifteen years ✓ Senior, experienced bankers actively manage transactions, and lead the advice we provide Industrials Automotive Consumer Chemicals & Luxury Excellence ✓ Name brand credibility and reputation ✓ Proven global access and M&A execution excellence ✓ High volume repeat business from blue chip clients Technology Services Healthcare Agriculture & Independence ✓ We only provide advice and execution capabilities Agribusiness and can therefore focus on the strategic goals of our clients free from conflicts of interest 1 On the ground, with local relationships Long-established Asian presence 29 Asia-related transactions in the last 24 months Active in Asia since 1996 Coverage across Asia 60+ bankers 7 countries 20 years of relationship building Seoul Tokyo Shanghai 2005 2002 1998 We reach Asian buyers Hong Kong Dubai 2000 80+ assets sold to Asian buyers 2012 10,000+ calls made to Asian buyers Mumbai Ho Chi Minh City 2014 500+ transactions with Asian participation 2008 Singapore 1996 Experts in getting deals done in Asia Divested Asian operations to Divested Titan X to Divested thermal/AIDC Raised growth capital from Divested King Koil China to Acquired shares in product line to Standard Chartered Private GE Power Equity 2016 2016 2016 2016 2016 2016 2 Unparalleled reach in the middle market A recognized global M&A platform Crossborder excellence Experts in crossborder M&A Regularly honoured as a top investment bank 2017 Consumer Discretionary Deal of the Year for the Sale of AnaJet to Ricoh Divested UK compact Raised growth capital from construction equipment Divested Theodore Alexander to business to Standard Chartered Private 2016 Equity Cross Border Deal of the Year for the sale of Doosan E&C to GE Creative Home Furniture Power Private Equity Deal of the Year for the sale of Adweek to Beringer 2017 2016 2016 Capital Dealmaker of the Year 2015 Divested Façade Access Divested King Koil China to Divested AFE Solutions to Holdings Consumer & Retail Products Turnaround Deal of the Year Technology Deal of the Year Under US$100m Investment Bank of the Year – Boutique 2016 2016 2016 Investment Bank of the Year - USA Crossborder M&A Deal of the Year Under US$100m Divested Titan X to Divested equity stake in Divested Adweek to Xinbang Logistics to Technology, Media, Telecom deal of the Year Under US$100m Crossborder Investment Banking Firm of the Year – USA 2014 2016 2016 2016 M&A Deal of the Year: US$50m to US$75m 3 One team, globally A global senior team, interacting seamlessly with our clients and each other As an M&A-focused boutique, senior bankers globally work as one team Regional senior bankers speaking with local buyers and targets Local relationships, local languages North America Europe Languages Spoken Euan Rellie Justine Mannering Andrew Huntley Charles Maynard Senior Managing Director Managing Director Senior Managing Director Senior Managing Director Japan Korea Jeff Acton Koichiro Yasuda Howard Lee Ryan Jung Managing Director Chairman Managing Director Director China Southeast Asia Multi-language deal marketing materials Jeffrey Wang Mark Webster Paul DiGiacomo Simon Kavanagh English Chinese Japanese Managing Director Managing Director Managing Director Managing Director Anthony Siu Matthew Doull Karen Cheung Managing Director Managing Director Managing Director India Kumar Mahtani Abhishek Agarwal Rica Wirianata Managing Director Vice President Director 4 Eight sectors BDA is committed to eight sectors Deep industry knowledge Agriculture & Consumer Industrials Automotive Technology Chemicals Agribusiness & Luxury Healthcare Services Building Materials Aftermarket Software Coatings Agriscience Apparel & Biotech Distribution Electronics Components Equipment Electronic Animal Healthcare Accessories Medical Tech Education Flow Control Materials Food & Beverage Distribution Systems Animal Nutrition Pharma Facilities Machinery Services integrators / BPO Petrochemicals Livestock & Crop Food Chain Services Management Packaging Information & Plastics Production Food Services Logistics Printing Media Specialty & Fine Soil & Seed Luxury Goods Travel & Leisure Chemicals Technology 5 Our experience is a competitive advantage Expertise on the sellside We are among the most active sellside advisers in Asia. We draw on that experience to drive sellside processes that maximize value and certainty Processes that clear the market globally Positioning for value maximization Thoughtfully designed, and well run processes Global buyer outreach Positioning businesses for sale and spike valuation Tailored, creative and thoughtfully-constructed Senior bankers drive buyer identification outreach processes Positioning lead by senior sector bankers from Our reach clears the market globally for our clients process initiation, supported by our proprietary Best in class transaction execution insight into private market M&A valuations in Asia and worldwide Customized to industry and asset BDA exits High-multiple outcomes 57% of transactions in excess of 8.0x Divested dessert Divested Oriental Sold to Sold subsidiary to Sold to Sold to chain to Containers to < 6x EBITDA Asian Investment Firm 17% > 10x EBITDA 39% Sold to Sold to Raised capital from Sold to Sold to Sold to 6x-8x EBITDA 8x-10x EBITDA Japanese Chemicals & 25% Life Science Company 19% 6 Intelligent acquisition support Dedication to buyside M&A We assist our clients to identify and conclude crossborder transactions efficiently and on optimal terms Target qualification Acquisition execution Persistent and persuasive in our pursuit of potential sellers for our clients Highly experienced in assessing, structuring and negotiating transactions Identifying targets based Engaging with targets Positioning our client Thorough due diligence Valuation and pro-forma Price and SPA on client’s criteria and building deal interest and process management synergy analysis negotiation BDA buyside engagements Acquired the organic Acquired Acquired Acquired Acquired Acquired Acquired pigment business of Adval Tech Medical Jiangsu (Suzhou) and Omni Beijing Riverside & Multicolor Manufacturing (Mexico) Courtyard 2016 2015 2015 2014 2013 2013 2012 7 Credibility with financial sponsors A valuable resource for financial sponsors Dedicated coverage team generating proprietary deal flow and exits Financial sponsor portfolio company exits The majority of BDA deals have financial sponsor involvement Divested Titan X to Divested Tri-Wall Sold to Sold to Divested to Sold to to 2016 2016 2016 2016 2016 2016 Divested majority Sold to Sold to Sold to Sold to Sold to stake to Asian Investment Firm 2015 2015 2015 2014 2014 2013 62% High-volume, high-quality deal flow Sold to Sold to Sold to Raised capital from Sold subsidiary to Sold to 2016 2016 2016 2015 2014 2014 Financial sponsor involvement Advised owners of Divested fiberglass Sold to Sold 36% to Sold to Sold 40% to BIS on the yarn business to investment by Corona Investment Partners 2014 2014 2014 2013 2012 2012 8 Financial Sponsors Financial sponsor coverage Recent transactions involving financial sponsors Date Transaction Buyside sponsor Sellside sponsor Transaction Jan 2017 Acquired Swedish sock designer Dec 2016 Acquired premium skincare brand Oct 2016 Divested premium mattress manufacturer and retailer Sep 2016 Acquired news source for marketing professionals Aug 2016 Divested supplier of powertrain cooling solutions Aug 2016 Divested wastewater treatment service provider May 2016 Divested provider of heavy-duty corrugated package solutions Mar 2016 Divested manufacture of energy efficient lighting products Jan 2016 Divested a dessert restaurant chain to a strategic buyer Jan 2016 Divested direct to garment printer company Oct 2015 Acquired a hydraulic brake hoses supplier company Sep 2015 Divested Singapore-based software provider for retail banking Sep 2015 Divested majority stake in top luxury brand May 2015 Divested Indonesia’s second largest electronics retailer 9 Trusted advisor to corporates for 20 years Corporate and strategic investor M&A We have strong corporate relationships globally; more than two thirds of our sellside mandates are sold to strategic buyers Corporate divestments and carve-outs Assisting with strategic acquisitions Experienced with managing carve-outs Well-practiced in supporting corporate review and approval processes Sold thermal/AIDC Sold Asian Divested Beijing Acquired organic Sold subsidiary to Sold subsidiary to Acquired Acquired Acquired Zuzhou Acquired pigment business product line to operations to Subdisiary to and Mexico-based Jiangsu assets of Changzhou Pulanna Shihezi Ronghui Multicolor Coating 2016 2016 2015 2015 2015 2015 2014 2013 2013 2012 High-quality deal flow to corporates
Load more

Recommended publications
  • Country Update
    Country Update BILLBOARD.COM/NEWSLETTERS FEBRUARY 24, 2020 | PAGE 1 OF 19 INSIDE BILLBOARD COUNTRY UPDATE [email protected] It’s Sam Hunt, Country Radio Seminar: An Older Folks >page 4 Medium Looks For Youthful Passion Positive Thoughts From CRS Mickey Guyton has yet to earn a hit record, but she still reaches the masses, remaining the most-listened-to media, >page 10 commandeered a standing ovation from broadcasters with a but the actual time spent listening is dwindling, and 18- to new song that was widely regarded as the stand-out musical 34-year-old country fans now devote more time to streaming moment of Country Radio Seminar. in an average week than they do to traditional broadcast radio. Was it a breakthrough moment? That can only be assessed by Additionally, programmers’ beliefs about the audience have not A Drink And A Nod programmers’ responses in the weeks and months ahead, but it kept up with changes in the playing field, or even their customers’ To Warner subtly pointed to radio’s current challenge: Do broadcasters play definition of radio. >page 11 it safe in a crowded media field? Or do they take a chance on a Younger listeners no longer view radio as a place that transmits talented artist who took her own risk on a song music from a tower, researcher Mark Ramsey that has the potential to change a listener’s life? said while unveiling a study of how consumers’ Guyton belted a gut-wrenching piano ballad, perceptions of broadcasting differ with PDs’ Big Machine’s New “What Are You Gonna Tell Her,” during the expectations.
    [Show full text]
  • 2014 Media Kit Covers.Indd
    2014 MEDIA KIT PRINT | DIGITAL | EVENTS ABOUT THE VOICE OF MEDIA VOL. LV NO. 1 JANUARY 6-12, 2014 Merger MVPs LOOK WHO’S TALKING Thanks to the Internet of Things, we’ve fi nally arrived at the Jetsons age—and we’ll see it all at CES 00_0106_COVER_LO [P].indd 2 1/2/14 6:04 PM MUTUALLYU ASSURED THE VOICE OF MEDIA VOL. LIV NO. 40 NOVEMBER 11-17, 2013 5 353 s YYearsear Online streaming services are threatening to take down LASTNAME N: LINCOLN AGNEWLINCOLN N: SURVIVAL? T the bloated cable model. But success could lead them to IO FIRS kill their primary source of content. How will it all end? : By Sam Thielman ILLUSTRAT PHOTO 1 MONTH ##, #### | ADWEEK ADWEEK | MONTH ##, #### RonRon BergerBerger, formerlyformerly ofof EuroEuro RRSCG,SCG, aandnd hhisis ssonsons CCoryory BergerBerger ((l.)l.) ooff PPereiraereira & OO’Dell’Dell aandnd RRyanyan BBergererger ooff tthehe BBergererger SShop.hop. The Familyy In ccelebratioelebra n of our 35th anniversary, a pportfortfolioio of industry veterans and the sons and ddaughtersaugh to whom they’re passing the torch. THE VOICE OF MEDIA Updated: 6/16/14 PRINT Before you take the deep dive, here’s a peek at what’s ahead in the pages of the magazine First Mover Data Points Portrait The innovators, game changers, decision The latest in media, marketing and A close-up on the new generation of makers on their new jobs and how they got technology through the lens of data. advertising and media stars. from here to there. Trending Topics Accounts in Review Information Diet The hottest trends shaping the world of A weekly roundup of major accounts up Celebrities come clean on their media media, advertising and technology.
    [Show full text]
  • Top 40 UPDATE BILLBOARD.COM/NEWSLETTERS BILLBOARD.BIZ/NEWSLETTER JUNE 6, 2013 | PAGE 1 of 9
    MID WEEK Top 40 UPDATE BILLBOARD.COM/NEWSLETTERS BILLBOARD.BIZ/NEWSLETTER JUNE 6, 2013 | PAGE 1 OF 9 INSIDE Top 40 And Radio Geeks, Unite! The Connected Consumer PAGE 3 RICH APPEL [email protected] What’s With a multitude of entertainment options out there, it’s easy to YOUNGER = HIGHER, LONGER, MORE New At forget that in top 40’s long history, a listener’s favorite station has Who are top 40’s P1s, and how engaged are they in the digital uni- The New never been the only game in town. There was always something verse? According to Edison Research VP Jason Hollins, 60% are Music else a consumer could do. Not to mention there are only so many female, 50% are age 12-24 and 60% 12-34, with an average age of hours in a day, right? 28. This younger skew means a greater Seminar The good news suggested by the HOW TOP 40’S P1s COMPARE TO THE POPULATION level of connectivity compared with PAGE 4 PERSONS TOP 40 Infinite Dial’s study of the format’s 12+ P1s not just other formats but to the 12- P1s—released last week by Edi- AM/FM radio usage in car 84% 88% plus and 12-34 population in general. Macklemore son Research and Arbitron—is that Awareness of Pandora 69% 88% Nearly 80% of P1s have Internet ac- & Ryan Lewis there seems to be plenty of room— Having a profile on any social network 62% 82% cess and use Wi-Fi, and one-third own and time—for all players.
    [Show full text]
  • Billboard Magazine
    COUNTRYTM ROCKT" R&B/HIP-HOPTM LAST THIS WI15.011 LAST THIS LAST THIS TITLE TITLE Artist TITLE Artist Artist CERL W"' ON WEEK A EEK IMPRINT/LABEL CHART WEEK WEEK NT WEEK WEEK IMPRINT/131BU CHART #1 #1 #1 4 WKS THAT’S MY KIND OF NIGHT Luke Bryan 4 3 WKS ROYALS Lorde 13 2 WKS BERZERK Eminem 2 CAPITOL NASHVILLE 0 LAVA/REPUBLIC AFTERMATH/INTERSCOPE BLURRED LINES Robin Thicke Feat. T.I. + Pharrell CRUISE Florida Georgia Line 5 65 SAFE AND SOUND Capital Cities 27 2 24 REPUBLIC NASHVILLE 0 LAZY HOOKS/CAPITOL STAR TRAK/INTERSCOPE HOLY GRAIL Jay Z Feat. Justin Timberlake IT GOES LIKE THIS Thomas Rhett 17 3 RADIOACTIVE Imagine Dragons 59 3 9 VALORY KIDINAKORNER/INTERSCOPE 2 ROC-A-FELLA/ROC NATION REDNECK CRAZY Tyler Farr 0 21 SAIL AWOLNATION 3 127 HOlD ON, We’Re GOiNG HOMe Drake Feat. Majid Jordan 5 COLUMBIA NASHVILLE O 0 RED BULL O 4 YOUNG MONEY/CASH MONEY/REPUBLIC ROUND HERE Florida Georgia Line 0 16 STILL INTO YOU Paramore 22 SAME LOVE Macklemore & Ryan Lewis Feat. Mary Lambert 41 REPUBLIC NASHVILLE 0 FUELED BY RAMEN/RRP 0 MACKLEMORE/WARNER BROS. NIGHT TRAIN Jason Aldean 12 NEW 0 ATLAS Coldplay 1 6 GIVE IT 2 U Robin Thicke Feat. Kendrick Lamar 6 BROKEN BOW REPUBLIC STAR TRAK/INTERSCOPE GAS PEDAL MINE WOULD BE YOU Blake Shelton 8 LET HER GO Passenger 14 7 Sage The Gemini Feat. IamSu 8 WARNER BROS./WMN 0 BLACK CROW/NETTWERK BLACK MONEY CRASH MY PARTY Luke Bryan ¡ 22 YOUNG AND BEAUTIFUL Lana Del Rey 0 20 CAN’T HOLD US Macklemore & Ryan Lewis Feat.
    [Show full text]
  • Billboard Magazine and on Billboard.Com
    10.12.2013 billboard.com billboard.biz YOUTUBE 3.0 Are They Paying Enough? SONG RECOGNITION GOES LIVE New Tech From Gracenote, Shazam REMEMBERING POLLY ANTHONY MANAGING THE LEGACY OF REGIONAL MEXICAN'S BIGGEST STAR UK £5.50 WorldMags.net ANOTHER AMAZING MUSIC FESTIVAL, ANOTHER 2 MILLION+ WATCHED ON TV MUSIC & FOOD FESTIV THANK YOU: ZAC BROWN BAND JASON MRAZ JOHN FOGERTY KENNY ROGERS GRACE POTTER AND THE NOCTURNALS DAWES EDWARD SHARPE & THE MAGNETIC ZEROS WILLIE NELSON & FAMILY ELI YOUNG BAND THE HEAD AND THE HEART WARREN HAYNES KACEY MUSGRAVES TROMBONE SHORTY & ORLEANS AVENUE BLACKBERRY SMOKE BROTHERS ROAD THE STELLAS FEATURING LENNON AND MAISY THE WOOD BROTHERS NIKO MOON DUGAS AJ GHENT BAND CLARE BOWEN CLAY COOK JOHN DRISKELL HOPKINS & THE MOSIER BROTHERS BAND LEVI LOWREY COY BOWLES AND THE FELLOWSHIP SPECIAL THANKS TO: ROAR MUSIC IS BACK ON TV WorldMags.netaxs WorldMags.net THIS WEEK Volume 125 No. 39 FEATURES 20 Jenni Rivera 26 YouTube 32 Top producers 37 Mexican Music Awards TOPLINE 4 Lawmaker looks GEAR to establish new performance right for broadcast P. 19 “The chord radio. 9 My Day Dennis Ashley, ICM C i progression that :1 Partners became ‘Wake 10 The Deal Beats Electronics gets Me Up!’ was the cash boost from Carlyle Group. f rst thing that 12 Think Tank On the Road, happened. Every Business Matters, Sound & Vision experience I ever 14 Questions Answered had that came out Emilio Romano, well didn’t feel Telemundo Media BACKBEAT labored over.” 16 Parties Global Citizen Festival, Advertising Week, MIKE BET Hip Hop Awards 18 Places EINZIGER Amsterdam 19 Play Mike Einziger Mike Einziger photographed QUESTIONS ANSWERED FEATURE at his studio in MUSIC Los Angeles.
    [Show full text]
  • 1 Wall Street's Content Wars
    1 Wall Street’s Content Wars: Financing Media Consolidation Andrew deWaard University of California, San Diego Forthcoming, in Content Wars: Tech Empires vs. Media Empires. Ed. Denise Mann. Oakland, CA: University of California Press, 2021. Abstract If we frame the ongoing streaming transition occurring in the cultural industries as ‘content wars,’ with metaphoric ‘battlefronts’ in Hollywood, in Silicon Valley, and on Madison Avenue, then the silent arms dealer in this conflict is Wall Street and the investor class, whose financial engineering goes largely unacknowledged in studies of the media industries. This chapter will explore the impact of private equity in the American film, television, and music industries since 2004. The mercenaries of these content wars, private equity firms have enacted leveraged buyouts in every sector of the cultural industries: major music labels (Warner, EMI), radio networks (Cumulus, Clear Channel/iHeartMedia), film and television production and distribution companies (MGM, Miramax, Univision, Dick Clark Productions), exhibition (AMC, Odeon), the top talent agencies (CCA, WME, IMG), audience measurement (Nielsen), and the trade press (Variety, The Hollywood Reporter, Billboard). The arms race in this conflict is the ability to monetize content catalogues across streaming platforms, which is a lucrative opportunity for financialization. From a critical political economy of media perspective attuned to the significance of financial capital, this chapter demonstrates that the financialization of various components of the media sector is facilitating a dramatic extraction of value from the cultural industries, leaving further consolidation in its wake. Who is profiting from the streaming transition and who is losing out? The answers are the same as in the wider economy of the second gilded age: the wealthy are extracting private, untaxed profit from the public arena while the middle class of creatives is being hollowed out.
    [Show full text]
  • Video Game Music and Legitimacy
    California State University, Monterey Bay Digital Commons @ CSUMB Capstone Projects and Master's Theses Capstone Projects and Master's Theses 5-2019 Video Game Music and Legitimacy Jaycie Sundiam California State University, Monterey Bay Follow this and additional works at: https://digitalcommons.csumb.edu/caps_thes_all Part of the Other Music Commons Recommended Citation Sundiam, Jaycie, "Video Game Music and Legitimacy" (2019). Capstone Projects and Master's Theses. 561. https://digitalcommons.csumb.edu/caps_thes_all/561 This Capstone Project (Open Access) is brought to you for free and open access by the Capstone Projects and Master's Theses at Digital Commons @ CSUMB. It has been accepted for inclusion in Capstone Projects and Master's Theses by an authorized administrator of Digital Commons @ CSUMB. For more information, please contact [email protected]. California State University, Monterey Bay Video Game Music and Legitimacy Jaycie Sundiam MPA 475: Senior Capstone Dr. Lanier Sammons Spring 2019 Sundiam 1 Introduction From the single-tone Pong (1972) to the meticulous composition and instrumentation in Legend of Zelda: Breath of the Wild’s (2017) soundtrack, video game music has garnered great popularity amongst video game consumers, developing into its own genre of music with subsequent branching subgenres. Yet, is video game music a legitimate musical genre and market or a fad amongst game consumers? What can video game music offer to the music industry? Can the genre change the music industry as it stands today? What kinds of influences has video games and video game music had not only on popular music of today but also music business as a whole? When compared to its other entertainment counterparts, video games are the newest form of media, and gaming has grown at a significant rate in both advancement in technology and popularity over the past several years.
    [Show full text]
  • Attorneys for Plaintiffs Hologram USA, Inc., Musion Das Hologram Limited
    Case 2:14-cv-00772-GMN-NJK Document 1 Filed 05/15/14 Page 1 of 39 1 CRAIG A. NEWBY (NSBN 8591) McDONALD CARANO WILSON LLP 2 2300 West Sahara Avenue, Suite 1200 Las Vegas, NV 89102 3 Telephone: 702.873.4100 Facsimile: 702.873.9966 4 [email protected] 5 RYAN G. BAKER (to be admitted pro hac vice) BAKER MARQUART LLP 6 10990 Wilshire Boulevard Fourth Floor 7 Los Angeles, CA 90024 Telephone: 424.652.7800 8 Facsimile: 424.652.7850 [email protected] 9 Attorneys for Plaintiffs 10 Hologram USA, Inc., Musion Das Hologram Limited and Uwe Maass 11 WILSON LLP 12 UNITED STATES DISTRICT COURT • LAS VEGAS, NEVADA89102 • 13 DISTRICT OF NEVADA 14 SUITE 1200 • HOLOGRAM USA, INC., a Delaware corporation; Case No.: CARANO • 15 MUSION DAS HOLOGRAM LIMITED, a 16 corporation organized under the laws of the United PHONE (702)873-4100 • FAX (702) 873-9966 Kingdom; and UWE MAASS, an individual, COMPLAINT; and 17 Plaintiffs, DEMAND FOR JURY TRIAL 18 2300 WEST SAHARA AVENUE McDONALD McDONALD v. 19 PULSE ENTERTAINMENT, INC., a Georgia 20 corporation; JOHN C. TEXTOR, an individual; PROMETHEUS GLOBAL MEDIA, LLC, a 21 Delaware limited liability company; DICK CLARK 22 PRODUCTIONS, INC., a Delaware corporation; JOHN BRANCA and JOHN MCCLAIN, Executors 23 of the Estate of Michael J. Jackson; MJJ PRODUCTIONS, INC., a California corporation, 24 and DOES 1 through 10, 25 Defendants. 26 27 28 Case 2:14-cv-00772-GMN-NJK Document 1 Filed 05/15/14 Page 2 of 39 1 INTRODUCTION 2 1. In 1862, John Pepper and Henry Dircks invented “Pepper’s Ghost,” an illusion 3 technique, which, over the last 150 years, has appeared in movies, concerts, magic shows and 4 amusement park rides.
    [Show full text]
  • Billboard Korea Premieres K-Pop Masters Event Presented by MGM Grand Friday, November 25
    NEWS RELEASE Billboard Korea Premieres K-Pop Masters Event Presented By MGM Grand Friday, November 25 9/28/2011 LAS VEGAS, Sept. 28, 2011 /PRNewswire/ -- Billboard Korea announced today it will host the "2011 Billboard K-Pop Masters, presented by MGM Grand" Friday, Nov. 25 inside the MGM Grand Garden Arena in Las Vegas. The recently created Billboard Korea publication released its "Billboard Korea K-Pop Hot 100" music chart in August and this premiere event is scheduled to showcase the top acts in K-Pop music. The concert is scheduled to begin at 8 p.m. "We are thrilled to work with our partners at Billboard Korea to gather some of the very best K-Pop performers for this historic concert" said Howard Appelbaum, president of Brand Development at Prometheus Global Media, parent company of Billboard. "This concert will demonstrate the universal appeal of K-Pop, one of the world's fast growing music genres." Richard Sturm, president of Sports & Entertainment for MGM Resorts International, said, "MGM Resorts is proud to continue its ongoing partnership with Billboard as we present the 2011 Billboard K-Pop Masters in November at MGM Grand. This event will feature some of today's brightest stars in the Korean music industry and we're looking forward to showcasing their international talents, and the future of K-Pop music, to the fans here in Las Vegas." MGM Grand has been working with the Las Vegas-based event organizers from the newly-formed KPMA, LLC over the past year to develop the premiere event. KPMA anticipates the event will wrap all of the major K-Pop agencies into a unified front, under the Billboard Korea umbrella, for the first time in history.
    [Show full text]
  • Institutional Investment, Venture Capital, and Private Equity in the Film and Television Industry
    Financialized Hollywood: Institutional Investment, Venture Capital, and Private Equity in the Film and Television Industry Andrew deWaard JCMS: Journal of Cinema and Media Studies (formerly Cinema Journal) 59.4 (2020). Forthcoming. Post-print version including revisions. Andrew deWaard is an Assistant Professor of Media and Popular Culture at the University of California, San Diego and is the co-author of The Cinema of Steven Soderbergh: indie sex, corporate lies, and digital videotape (Columbia University Press/Wallflower, 2013). Abstract: The financial sector has a hidden, but dramatic effect on Hollywood: three institutional investors hold the largest investment stakes in nearly all major companies; corporate venture capital has arisen within every entertainment conglomerate; and private equity firms have enacted leveraged buyouts of companies in all sectors, including production, distribution, exhibition, talent agencies, audience measurement, trade press, and content catalogues. This article argues that “Financialized Hollywood” is a dangerous development; financial engineering strategies are extracting capital and reducing operational capacity, further depriving Hollywood of the diversity and heterogeneity it might provide the public sphere. Keywords: finance, media industries, political economy, venture capital, media consolidation After a breakdown in negotiations with the Association of Talent Agencies on April 12, 2019, the Writers Guild of America (WGA) took the unprecedented step of instructing its members to fire their agents. More than seven thousand writers—92 percent of the guild— dutifully fired their agent. At issue was the WGA’s new Code of Conduct that prohibited agents from taking packaging fees (which they claim is a breach of fiduciary duty, as it incentivizes agencies to negotiate a lower fee for talent) or engaging in production (which they claim is a conflict of interest, as the agencies are again incentivized to lower fees).
    [Show full text]
  • Billboard Interview
    MID WEEK Top 40 UPDATE BILLBOARD.COM/NEWSLETTERS .BIZ/NEWSLETTER DECEMBER 5, 2013 | PAGE 1 OF 9 INSIDE EDITED BY RICH APPEL [email protected] | @richappel Top 40 By The Tree Reverse Psychology 101: Mastering PAGE 3 The Year-End Countdown Consumers And Media: Minute By It sounded so easy when we were sitting at home listening to ists, songs and what happened in 2013—or leaving that to one a station’s New Year’s Eve (or Day) top 100 of the year just of the syndicated countdown program’s year-end editions to Minute passed, and writing down every song. (Admit it, you did that take care of—will suffice for the end the year. But Jeff John- PAGE 4 too.) But even before year-end programs became research son, senior VP at radio consultant Alan Burns and Associ- projects that were written and produced with amazing detail, ates, is a firm believer in local stations going out with a bang. One Direction it was still easy for things “Countdowns that sound Enters Atop to go wrong, especially ‘bigger than life’—with Billboard 200 when 100 or more titles a ton of ‘year in review’ PAGE 5 were involved. Songs audio from news, movies, played out of order or social media and local were listed twice. There events—should be an in- Miley Cyrus were compilations with tegral part of the end-of- Swings Back one song missing or one the-year programming To Hot 100’s big hit just forgotten. for [mainstream and Top Spot With stations just adult] top 40 stations.” PAGE 5 starting to get their year- The idea dates back at end countdowns together least to the mid-1960s, for multiple airings dur- when the Bill Drake- ing the holiday break, and Gene Chenault- Top 40 observers like Alan Burns and Associates’ Jeff Johnson (left) and it seemed a good time WSPK’s Skywalker have smart tips for creating year-end countdowns.
    [Show full text]
  • Billboard and Nikon Launch Women in Music “Candid Covers” Video Series on Billboard.Com Celebrating Small Moments That Changed the Big Picture
    FOR IMMEDIATE RELEASE BILLBOARD AND NIKON LAUNCH WOMEN IN MUSIC “CANDID COVERS” VIDEO SERIES ON BILLBOARD.COM CELEBRATING SMALL MOMENTS THAT CHANGED THE BIG PICTURE -- Video Series Features Kimbra, ZZ Ward, Tegan & Sara And Other Female Artists Performing Songs From The Female Music Stars Who Inspire Them -- NEW YORK, November 14, 2012—Billboard and Nikon Inc. today announced the launch of its Women in Music “Candid Covers” video series presented by Nikon 1 on Billboard.com. The series spotlights emerging female artists performing songs from the female music stars who helped inspire their careers. “Candid Covers” launches online today ahead of the 2012 Billboard Women in Music event, presented by Nikon 1, Nikon’s system of advanced cameras with interchangeable lenses, being held on November 30 at Capitale in New York City. Katy Perry will accept Billboard’s coveted Woman of the Year Award and Carly Rae Jepsen will receive Billboard’s Rising Star Award at the event that celebrates the most powerful and talented women in the music business. The “Candid Covers” video series shot exclusively with Nikon cameras and NIKKOR lenses, will feature artists such as Kimbra, ZZ Ward, and Tegan & Sara, and will be posted on Billboard.com every Wednesday until December 12. In addition to the performances, the videos include interviews with the artists and exclusive behind-the-scenes photos. Billboard and Nikon will bring “Candid Covers” to life at the 2012 Billboard Women in Music event with a special tribute performance that will take place on stage during the luncheon. The performance, filmed with Nikon D-SLR cameras, will be featured on Billboard.com on December 5.
    [Show full text]