Robert De Niro Sells Half of Tribeca Entertainment to Madison Square Garden Company

0
0
Subscribe to Robert De Niro alerts

Robert De Niro has sold 50% of Tribeca Enterprises – the company he co-founded and the presenter of the Tribeca Film Festival - to the Madison Square Garden Company, valuing Tribeca Enterprises at $45 million.

Robert De NiroRobert de Niro at the premiere for Last Vegas

This deal fuses two of America’s most prominent show business enterprises: Tribeca obtain the marketing power that comes with a growing sports/entertainment company, and MSG Co get useful entry into the lucrative business of movies.

“Bob De Niro and I have built a brand that supports community, artists, filmmakers and storytellers, we are thrilled to be a member of MSG’s family of iconic entertainment brands,” Jane Rosenthal, Tribeca Enterprises CEO and co-founder, said in a statement. “Our partnership will allow us to grow the Festival and enhance the experience for our audience and provide more opportunities for the creative and filmmaking community nationally and internationally.”

More: Robert De Niro And Martin Scorsese Honoured At Humanitarian Awards

The move will also see MSG’s executive chairman James L. Dolan join the Tribeca Enterprises board. Dolan, President and CEO of Cablevision Systems Corporation and Executive Chairman of The Madison Square Garden Company, counts Madison Square Garden, Radio City Music Hall, the New York Knicks and the New York Rangers amongst his holdings. 

“This partnership with Tribeca Enterprises and the Tribeca Film Festival – one of the top film festivals in the world – strengthens MSG’s position in the entertainment industry and is another example of our continued focus on pursuing attractive growth opportunities that make strategic sense for the company,” Tad Smith, MSG president and CEO, said in a statement.

More: Robert De Niro Refusing To Give Up Hope On The Irishman

The news comes with 22 days to go before the Tribeca Film Festival – the commercial and most notorious arm of Tribeca Enterprises – opens. It will be held at the Beacon on the Upper West Side and, for the first time, will sell tickets to the event. It all kicks off with the premiere of “Time Is Illmatic,” a documentary about the rapper Nas, who is also set to perform.

Kevin Connolly And Robert De Niro Appear At Tribeca's 'Big Shot' Premiere


 

 


Contactmusic

Tags: Robert De Niro

0
0
Subscribe to Robert De Niro alerts
Advertisement

More Robert De Niro

Steve Martin Awarded AFI's Life Achievement Award

Steve Martin will receive the "highest honour in film", the American Film Institute's Life Achievement Award. The AFI announced the news on their website on...

De Niro, Pitt and DiCaprio Set for Martin Scorsese Short Film

In what may well be the most star-studded short movie of all time, Martin Scorsese will direct a campaign video for Melco-Crown Entertainment (MCE) starring...

So, Brad Pitt And Angelina Jolie Are Married. Here's What They're Doing Career-Wise

In celebrity news you should definitely care about, Brad Pitt and Angelina Jolie are now officially, legally married. It’s been kind of a public secret...

Special Effects Pioneer Dick Smith Dies Aged 92

The Oscar-winning make-up artist Dick Smith has died aged 92. In a career spanning over fifty years, Smith was responsible for some of the most...

Advertisement

Robert De Niro Crashes Stranger's Home To Watch World Cup

Who knew Robert De Niro is a big soccer fan.The legendary actor is known for taking his work very seriously, but it seems the World...

Robert De Niro Crashes World Cup Party in Brooklyn. Internet Explodes

Bill Murray, sir, you have competition. It turns out Robert De Niro is a pretty keen party crasher himself and during a visit to Brooklyn's...

Why Daniel Day-Lewis Deserves His Knighthood

Few actors impart an intensity and dedication to the process of characterization as relentlessly as Daniel Day-Lewis. The 57 year-old occupies a position in the...

As Robert De Niro Remembers His Father, We Look Back At The Artist's Life and Legacy

Actor Robert De Niro has been opening up about his artist father ahead of his HBO documentary, 'Remembering the Artist: Robert De Niro, Sr.' Apart...

Advertisement

Comments

Robert De Niro Newsletter

Subscribe to this news alert service to receive news and reviews on Robert De Niro

Unsubscribe | Unsubscribe All