Gerry Cardinale: Last News

Partners Sony and Apollo have formally reached out to Paramount‘s special board committee asking to discuss a potential $26 billion offer, Deadline has learned. It comes as Par’s exclusive negotiating window with David Ellison‘s Skydance is set to expire.

Jeff Zucker and Gerry Cardinale’s RedBird IMI, the new Abu Dhabi-backed owner of All3Media, has pulled out of its deal to buy the UK’s Daily Telegraph following press freedom concerns.

K.J. Yossman All3Media has finally been sold. Redbird IMI has snapped up the production-distribution giant behind “The Traitors” and Jamie Dornan-starrer “The Tourist” from owners Liberty Global and Warner Bros.

The All3Media sale saga has drawn to a close after almost a year with RedBird IMI confirming the acquisition of The Traitors superindie from Warner Bros. Discovery and Liberty Global for £1.15B ($1.45B).

A day after revealing on New Year’s Eve on Fox that the newly formed United Football League will kick off in June, co-owners Dwayne Johnson and Dany Garcia took to ESPN to unveil the cities and coaches for the inaugural season.

Dwayne Johnson and Dany Garcia on Sunday unveiled plans for the United Football League, the new spring pro football league born from the merger of the XFL and USFL.

Ellise Shafer Jeff Zucker and Gerry Cardinale’s RedBird IMI has emerged as the new frontrunner to purchase U.K. production-distribution outfit All3Media, Variety understands. The Financial Times reported on Tuesday that the investment group is in advanced talks to purchase the “Fleabag” producer in a deal worth £1 billion ($1.26 billion).

Jeff Shell, whose tenure running NBCUniversal came to an abrupt end last spring, is in advanced talks to join private equity firm RedBird Capital Partners.

Leo Barraclough International Features Editor Jeff Zucker, the former president of CNN and onetime CEO of NBCUniversal, is eying a push by right-leaning British newspaper The Daily Telegraph into the U.S. if his company’s bid to buy the title is successful.

Nick Vivarelli International Correspondent Rani R. Raad, a former president of CNN Commercial Worldwide, has been appointed CEO of Abu Dhabi-based media company International Media Investments.

Matt Donnelly Senior Film Writer Jeff Zucker is not shopping for CNN, according to one of the backing partners of his new media venture. Gerry Cardinale, the private equity player and founder of RedBird Capital, partnered with International Media Investments last year to launch a $1 billion media acquisitions engine run by Zucker. Reports were rampant in June that Zucker was looking to take CNN off the hands of Warner Bros. Discovery, after running the news network for decades before resigning in 2022 over a consensual workplace affair. “No,” Cardinale said on Thursday when asked if he and Zucker were looking to buy CNN, speaking on stage at the Variety and Sportico Sports and Entertainment Summit in West Hollywood. “I would not have the longevity that I’ve had if I ran my business running around town talking about deals in a way that’s, frankly, disrespectful to David Zaslav. I’m kind of amused and irritated by it.”

Whitney Cinkala Damar Hamlin will receive the Variety Sports and Entertainment Social Impact Award as part of the Variety Sportico Sports and Entertainment Summit, presented by City National Bank on July 13 in Los Angeles. Hamlin will be recognized for his accomplished philanthropy work, including extensive projects with the American Heart Association. He is also preparing for his third season with the Buffalo Bills, following his full recovery from a mid-game cardiac arrest last season. He will also participate in a keynote conversation following his acceptance of the award. Additionally, NBA 2023 MVP Joel Embiid of the Philadelphia 76ers will join his WME agent Ross Raphael in a keynote conversation at the event. Embiid and Raphael will speak about their ongoing collaboration in sports, media and entertainment.

Whitney Cinkala L.A. Rams Coach Sean McVay, RedBird Capital Partners founder Gerry Cardinale and NCAA Champion and MVP of the 2023 NCAA Championship Angel Reese have been added to the program for Variety and Sportico’s co-branded Sports and Entertainment Summit, presented by City National Bank, on July 13 in Los Angeles. The collaboration marks an expanded day of programming for the event. Already announced speakers include NBA all-star, entrepreneur and philanthropist Russell Westbrook; NBA all-star and producer Blake Griffin; Olympic gymnast Jordan Chiles; and ESPN’s Rosalyn Durant. A keynote conversation with McVay will cover the 2022 Super Bowl Champion team, how the incredible fan energy provides inspiration for them and what the team is excited about heading into the new season.

Former CNN and NBCUniversal boss Jeff Zucker, private equity firm RedBird Capital Partners and Abu Dhabi-based International Media Investments have formalized plans for a joint venture.

Ben Affleck says his newly minted studio Artists Equity, in partnership with Matt Damon, is going for films that are commercial but smart, that acknowledge popular tastes, but that “people remember 20 years later.”

Ben Affleck and Matt Damon are co-founding a production company together with the help of RedBird Capital founder Gerry Cardinale. The Argo star, 50, and the Martian actor, 52, will reportedly start an 'artist-led studio that partners with filmmakers to empower creative vision and broaden access to profit participation,' according to Deadline. While the news was originally reported back in June, more details have emerged about the arrangement.  New company: Ben Affleck and Matt Damon are co-founding a production company together with the help of RedBird Capital founder Gerry Cardinale (pictured November 2016)Cardinale's company, which manages more than a billion dollars in assets, is reportedly making a 'significant financial commitment' to the company, named Artists Equity. Ben and Matt, who have been friends for decades and won Oscars for co-writing the 1997 movie Good Will Hunting, have generated more than $10 billion at the box office.  They've starred in more than 100 films and will reportedly lead the company together. 'Artists Equity was conceived from Matt’s and my longtime passion for the art of storytelling and our shared desire to help creators deliver on their vision, as we have been fortunate to do throughout our careers,' Affleck said in a statement to Deadline.  New: The Argo star, 50, and the Martian actor, 52, will reportedly start an 'artist-led studio that partners with filmmakers to empower creative vision and broaden access to profit participation,' according to Deadline (pictured 2021) Co-founder: Cardinale's company, which manages more than a billion dollars in assets, is reportedly making a 'significant financial commitment' to the company, named Artists Equity (RedBird CEO Gerry Cardinale

As Deadline’s Mike Fleming reported back in June of this year, Redbird Capital Partners has today confirmed details in that story. Ben Affleck, Matt Damon and Gerry Cardinale are launching an artist-led studio that partners with filmmakers to empower creative vision and broaden access to profit participation.

Jeff Zucker, who left WarnerMedia last February just before its merger with Discovery, is in discussions with RedBird Capital to lead a $1 billion sports investment fund backed by the private equity outfit.

EXCLUSIVE: While Ben Affleck just started Monday directing the untitled drama about maverick sneaker salesman Sonny Vaccaro (Matt Damon)’s dogged pursuit to get Michael Jordan to lace up in Nike shoes, Affleck and Damon are getting traction on their own groundbreaking endeavor.