While DreamWorks, Lionsgate and even Cash-Machine Manoj all have Indian capital to thank for their varying degrees of independence, Terry Semel is apparently courting a few billion dollars from Dubai as he nears a deal to acquire the management giant (and burgeoning media player) IMG. The ex-Warner Bros./Yahoo! kingpin has had his eye on Teddy Forstmann’s hobby since at least June, when it was rumored Semel was knocking on a few gilded doors around the Middle East, hat in hand.
I’m told that Terry Semel wants back in the movie biz in a big way. His pals know he’s been working on something big behind the scenes. “I’m looking at everything,” Semel is saying privately. But now I can report that the former Warner Bros. co-chairman who failed at Yahoo is actively considering two possibilities for a Hollywood re-entry via New Line Cinema or MGM.
by Staci D. Kramer, Executive Editor, paidContent.org
When Marco Boerries and David Filo joined Jerry Yang on the stage of the Las Vegas Hilton Theater to show off new launches and upcoming concepts, the audience at their feet included most of Yahoo’s top management–among them Jeff Weiner, whom we last heard from here after he shook up the Yahoo Media Group. Weiner seemed a little taken aback by my comparison of Yang’s presentation with the one Terry Semel gave in 2006, particularly with how many elements of the strategy–for instance, Go, the three-screen approach to connecting–were still in place albeit evolving.
by Staci D. Kramer, Executive Editor, paidContent.org
You’re reading it here first … The details are still a little sketchy, but Drew Buckley, who headed Yahoo Originals, and Jeff Karish, head of media strategy, have left the company and are joining former Yahoo CEO Terry Semel in a revamped version of Windsor Media, the investment firm he started before leaving to head Yahoo. (Semel still is the chairman of Yahoo’s board of directors.) Buckley and Karish confirmed that they left Yahoo at the end of the year.
by Eric Jackson, Managing Member, Ironfire Capital LLC
I hadn’t expected Terry Semel to step down on Monday. Less than a week before, after Yahoo’s annual meeting in Santa Clara, Calif., he approached me. He was quite affable, considering that we had had a pointed exchange during the earlier Q&A session and that I led a group of 100 shareholders owning 2 million [...]
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