De Niro's Tribeca Sells 50 Percent Stake to MSG

Sunday, 23 Mar 2014 03:12 PM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

Tribeca Enterprises, the film company co-founded by Robert De Niro and the presenter of the Tribeca Film Festival, has sold a 50 percent stake to the Madison Square Garden Company.

The deal, announced Saturday night, combines two major New York show business players. It gives Tribeca Enterprises the marketing power of a growing sports and entertainment company and offers the MSG Co. an entry into the film business.

The deal values Tribeca Enterprises at $45 million. The acquisition comes just weeks before the 13th annual Tribeca Film Festival begins April 16. The company was co-founded by De Niro and Jane Rosenthal, who will remain CEO.

Among the properties owned by the MSG Co. are Radio City Music Hall, the Beacon Theatre, the New York Knicks, and the New York Rangers. The opening night of the Tribeca Film Festival, a screening and concert for the documentary about the rapper Nas, "Time is Illmatic," will be held at the Beacon Theatre.

The MSG Co.'s MSG Productions on Friday canceled the opening of its high-profile Rockettes show "Hearts and Lights" days before its scheduled debut.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

GOP's Tom Cotton Thanks Troops for Sacrifices on Thanksgiving Day

Thursday, 27 Nov 2014 09:22 AM

Senator-elect Tom Cotton delivered the GOP's weekly address on Thanksgiving Day, thanking the military for its sacrifice . . .

Gallup: Only 27% of Working-Class Whites Support Obama

Thursday, 27 Nov 2014 08:33 AM

And 41 percent of white college graduates approve of President Obama's job performance , the largest gap between working . . .

East Coast Storm Hampers Thanksgiving Travel

Thursday, 27 Nov 2014 08:06 AM

A blast of rain and snow along the East Coast snarled traffic and disrupted flights for millions of Americans at the sta . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved