Magazine article Variety

Sun Valley

Magazine article Variety

Sun Valley

Article excerpt

Preoccupations of the Rich and Famous

Titans of Silicon Valley, Hollywood. and Wall Street converged last week in Sun Valley, Idaho, for the annual Allen & Company media conference. Here are three takeaways from the exclusive event.

Madia Mergers Heating Up

CAA co-founder Mike Ovitz predicted that Lionsgate's $4.4 billion pact for Starz and Comcast's $4.1 billion deal for DreamWorks Animation are the "tip of the iceberg.'' I AC's Barry Diller said the film industry is constricting to the point where it is unlikely that it will be able to continue supporting six major studios. Meanwhile, Liberty Media's John Malone, who helped orchestrate the Starz deal, hinted he isn't done shopping. "There's always M&A opportunities," he said.

Redstone's Charm Offensive

Philippe Dauman's eleventhhour decision to skip Sun Valley robbed attendees of an awkward encounter between the Viacom CEO and Shari Redstone, who is pushing for his ouster. …

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