Diller thriller keeps Universal on edge of its seat
The tension is palpable at Universal Studios as USA Networks CEO Barry Diller considers merging his media empire with the studio’s Vivendi Universal parent. “All we know for sure is that Barry Diller is going to be a helluva lot richer a week from now,” said one senior studio executive who was about to attend the Universal Christmas Party. Vivendi Universal, seeking an elusive U.S. distribution outlet for its array of television and film assets, said on Tuesday it was in talks to buy the entertainment assets of USA, which is about 40%-owned by the French company. Whatever Diller does,… Read more »