Lights! Camera! Action!

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  • Additional Information
    • Subject Terms:
      GENERAL Electric Co. 001367960 GE; VIVENDI SA 103304358
    • Abstract:
      David Londoner, a retired entertainment analyst who now serves on two media-company boards states that although General Electric (GE) has run the National Broadcasting Company television network for years, film production involves dealing with 20 bets of $75 million to $100 million each year. In the film industry, GE Co.'s $14 billion deal for Vivendi Universal's entertainment assets has created all the buzz of an impending blockbuster. GE finance chief, Keith Sherin estimates that 75% of the synergies will come from cost savings.