China’s Zijin to sell $1.2B worth of shares to fund Nevsun takeover

PEOPLE’S REPUBLIC OF CHINA — China’s No.1 gold producer Zijin Mining plans to issue 8 billion yuan (about $1.2 billion) worth of shares in Shanghai to finance the acquisition of Canada’s Nevsun Resources. Zijin Mining aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to…

Maverick Carter joins Live Nation Board Of Directors

LOS ANGELES, California — Live Nation Entertainment announced the election of Maverick Carter to its Board of Directors this week. “Maverick is at the forefront of talent, sports and media and brings exceptional experience and insight to our esteemed board,” said Greg Maffei, Chairman of the Live Nation Board of Directors. Carter arrives with a…

George Lucas Tops Forbes Wealthiest Celebrities List

NEW YORK CITY — On Wednesday, Forbes released its 2018 list of “America’s Wealthiest Celebrities” with George Lucas coming in at the No.1 spot with a net worth of $5.4 billion. Lucas is known for creating the Star Wars and Indiana Jones franchises and founding Lucasfilm and Industrial Light & Magic. He was the chairman…

Kendall Jenner tops Forbes 2018 list for World’s Highest Paid Models

NEW YORK CITY — Kendall Jenner tops Forbes 2018 list for world’s highest paid models pulling in $22.5 million. The 23-year-old Keeping Up With The Kardashians star earnings nearly matched her age in millions as she pocketed a career high from contracts with Estee Lauder, Adidas and Calvin Klein, among others. She currently boasts 100 million followers on instagram. Karlie…

STARZ CEO Chris Albrecht & 50 Cent Break Down $150 Million Deal

NEW YORK — At IGNITION 2018, award-winning rapper Curtis “50 Cent” Jackson and Starz CEO Chris Albrecht talk about their hit show “Power” and finding success in TV and entertainment. Albrecht has held his executive post at Starz since 2010. Before that, he spent 22 years at HBO, where he was credited with developing groundbreaking…

The maker of Marlboro cigarettes is investing $1.8 billion into the cannabis producer Cronos

TORONTO,Canada   — Altria Group, Inc. announced that it has entered into an agreement to acquire newly issued shares in Cronos Group Inc., a leading global cannabinoid company, headquartered in Toronto, Canada. The transaction represents a 45% equity stake in Cronos Group, at a price of CAD $16.25 per share, for an aggregate investment by Altria of approximately USD $1.8 billion (approximately CAD $2.4 billion).1 As…

AIG Appoints Sachin N Shah as Chief Executive Officer Asia Pacific

HONG KONG, Japan — American International Group, Inc. announced today the appointment of Sachin N Shah as Chief Executive Officer of Asia Pacific, AIG General Insurance. In this role, Mr. Shah will report to Christopher Townsend, Chief Executive Officer of AIG General Insurance International, and will be based in Singapore. Mr. Shah’s appointment is effective…

The World’s Highest-Paid Women In Music 2018

NEW YORK CITY — Senior Editor, Media & Entertainment Zack O’Malley Greenburg rolled out the 2018 Forbes list for the World’s Highest-Paid Women In Music. Katy Perry landed at the top of the list as the highest-paid woman in music. She pulled in $83 million pretax during our scoring period. Perry played 80 dates of…

Usain Bolt Opens Jamaican Restaurant in London

LONDON, England — Usain Bolt opened a new restaurant in the city of London. The retired eight-time Olympic gold medalist named the restaurant Tracks & Records — and celebrated its opening over the weekend. “For me, it’s all about the good food, which is the first thing, and then the music and the good vibe,”…