IAC (company)
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IAC (company)
IAC Inc. is an American holding company that owns brands across 100 countries, mostly in media and Internet. The company originated in 1996 as HSN Inc. as the holding company of Home Shopping Network and USA Network before changing its name to USA Networks, Inc. in 1999 and its television assets were sold to Vivendi in 2002. Those are now owned today by NBCUniversal, a division of Comcast. The company is incorporated under the Delaware General Corporation Law but is headquartered in New York City. Joey Levin, who previously led the company's search and applications segment, has served as chief executive officer since June 2015. History 1980s and 1990s IAC was established in 1986 as Silver King Broadcasting Company, as part of a plan to increase viewership of the Home Shopping Network (HSN) by purchasing local television stations. By 1988, Silver King had bought 11 stations for about $220 million. The company was later renamed as HSN Communications, Inc., and then Silver Ki ...
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IAC Building
__NOTOC__ The IAC Building is the headquarters of the media company IAC (company), IAC at 555 18th Street (Manhattan), West 18th Street on the northeast corner of Eleventh Avenue (Manhattan), Eleventh Avenue in the Chelsea, Manhattan, Chelsea neighborhood of Manhattan, New York City. Designed by Frank Gehry and completed in 2007, it was Gehry's first full-building design in New York City and featured the world's largest high definition screen at the time in its lobby. Reminiscent of several other Gehry designs, the building appears to consist of two major levels: a large base of twisted tower-sections packed together like the cells of a bee hive, with a second bundle of lesser diameter sitting on top of the first. The cell units have the appearance of sails skinned over the skeleton of the building. The full-height windows fade from clear to white on the top and bottom edges of each story. The overall impression is of two very tall stories, which belies its actual 10-story structur ...
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Home Shopping Network
HSN, Inc. an initialism of its former name Home Shopping Network, is an American free-to-air television network owned by the QVC Group (formerly Qurate Retail Group), which also owns Catalog merchant, catalog company Cornerstone Brands. It is based in West Chester, Pennsylvania. As of July 2014, Joy Mangano holds the record for most units sold in a day with 216,000 units of pillow sets. History The forerunner of HSN was launched by Bud Paxson, Lowell Paxson (who later established Ion Television, PAX-TV, which is now Ion Television) and Roy Speer in 1982 as the Home Shopping Club, a local cable channel seen on Bright House Networks, Vision Cable and Bright House Networks, Group W Cable in Pinellas County, Florida. It expanded into the first national shopping network three years later on July 1, 1985, changing its name to the Home Shopping Network, and pioneering the concept of a televised sales pitch for consumer goods and services. Its competitor and future owner QVC was lau ...
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Universal Pictures
Universal City Studios LLC, doing business as Universal Pictures (also known as Universal Studios or simply Universal), is an American filmmaking, film production and film distribution, distribution company headquartered at the 10 Universal City Plaza, Universal Studios complex in Universal City, California, and is the flagship studio of Universal Studios, Inc., Universal Studios, the film studio arm of NBCUniversal, a subsidiary of Comcast. Founded in 1912 by Carl Laemmle, Mark Dintenfass, Charles O. Baumann, Adam Kessel, Pat Powers (producer), Pat Powers, William Swanson, David Horsley, Robert H. Cochrane and Jules Brulatour, Universal is the oldest surviving film studio in the United States and the fifth oldest globally after Gaumont Film Company, Gaumont, Pathé, Titanus and Nordisk Film, and is one of the Major film studios, "Big Five" film studios. Universal's most commercially successful film franchises include ''Fast & Furious, Jurassic Park'', and ''Despicable Me''. A ...
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Ticketmaster
Ticketmaster Entertainment, LLC is an American ticket sales and distribution company based in Beverly Hills, California, with operations in many countries around the world. In 2010, it merged with Live Nation under the name Live Nation Entertainment. The company's ticket sales are fulfilled digitally or at its two main fulfillment centers located in Charleston, West Virginia, and Pharr, Texas, for both primary and secondary markets. Ticketmaster's clients include venues, artists and promoters. Clients control their events and set ticket prices, and Ticketmaster sells tickets that the clients make available to them. Ticketmaster also owns and operates TicketWeb, a ticketing website geared towards independent venues. Ticketmaster is subject to numerous controversies and lawsuits, alleging violations of various laws. The platform charges a fee on tickets purchased and resold on the platform. The fees from ticket sales can account for a large percentage of overall ticket co ...
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SF Broadcasting
SF Broadcasting was an American media company that owned and operated four television stations; the company operated from its founding March 1994, four months before its purchased stations owned by Burnham Broadcasting, until its merger with Silver King Broadcasting in 1996. History SF Broadcasting was founded in March 1994, it was created as a joint venture between the Fox Broadcasting Company television network, which served as minority owner, and majority owner Savoy Pictures, a minority-owned communications firm. The initial capital of US$100 million was supplied with $58 million from Fox, $41 million from Savoy, and $1 million from Savoy Pictures chairmen Victor A. Kaufman and Lewis J. Korman, who held all the voting stock (had Fox owned any voting stock, the Federal Communications Commission (FCC) would have been considered its then-parent company News Corporation to be the owner of the stations purchased by SF, counting them against the Commission's ownership rules); ins ...
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Savoy Pictures
Savoy Pictures Entertainment, Inc. was an American independent motion picture company that operated from 1992 to 1997. Among Savoy Pictures' noteworthy feature films were '' No Escape'', and '' Last of the Dogmen''. History Former Columbia Pictures Entertainment chairman and TriStar Pictures founder Victor A. Kaufman became chairman and chief executive officer of Savoy Pictures in 1992 along with vice chairman executive, Lewis J. Korman. Kaufman has claimed that the name came from the Savoy Special bat Robert Redford's character used in '' The Natural''. Savoy intended to finance and distribute films in the $12–25 million range, investing in up to $15 million per film. In June of that year, Savoy entered into a deal with HBO for the home video, pay-TV, and pay-per-view rights to its films. Budgets for their films grew. However, with rather poor marketing, Savoy faced a major financial slump, only three years after being formed. For three years, Savoy then released box office ...
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Fox Broadcasting Company
Fox Broadcasting Company, LLC (commonly known as Fox; stylized in all caps) is an Television in the United States, American commercial broadcasting, commercial broadcast television broadcaster, television network serving as the flagship property of Fox Corporation and operated through Fox Entertainment. Fox is based at Fox Corporation's corporate headquarters at 1211 Avenue of the Americas in Midtown Manhattan, New York City, and it hosts additional offices at the Fox Network Center in Los Angeles and at the Fox Media Center in Tempe, Arizona. The channel was launched by News Corporation on October 9, 1986 as a competitor to the Big Three (American television), Big Three television networks, which are the American Broadcasting Company (ABC), the CBS, Columbia Broadcasting System (CBS), and the NBC, National Broadcasting Company (NBC). Fox went on to become the most successful attempt at a fourth television network; it was also the highest-Nielsen ratings, rated free-to-air netwo ...
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Liberty Media
Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company founded by John C. Malone in 1991. The company has three divisions, reflecting its ownership stakes in the Formula One Group, Sirius XM, and Live Nation Entertainment. The Sirius XM Holdings segment operates two audio entertainment companies, Sirius XM and Pandora. Sirius XM offers channels and information and entertainment services. Pandora is a streaming platform for searching for music and podcasts. Liberty Media is set to own three global motorsport businesses in the form of Formula One, Grand Prix motorcycle racing and Superbike World Championship, World Superbikes. History 1991–1999 Liberty Media began in March 1991 as a Corporate spin-off, spin-off of Tele-Communications Inc. (TCI), a U.S. cable television, cable-television group. Peter Barton, hired by TCI's Malone, served as president until retiring in April 1997. The company took over TCI assets ...
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Nasdaq
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc. (which the exchange also lists; ticker symbol NDAQ), which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. Although it trades stock of healthcare, financial, media, entertainment, retail, hospitality, and food businesses, it focuses more on technology stocks. The exchange is made up of both American and foreign firms, with China and Israel being the largest foreign sources. History 1972–2000 Nasdaq, Inc. was founded in 1971 by the National Association of Securities Dealers (NASD), which is now known as the Financial Industry Regulatory A ...
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Corporate Spin-off
A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct from a sell-off, where a company sells a section to another company or firm in exchange for cash or securities. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original Capital stock, stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they t ...
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Delaware General Corporation Law
The Delaware General Corporation Law (sometimes abbreviated DGCL), officially the General Corporation Law of the State of Delaware (Title 8, Chapter 1 of the Delaware Code), is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. The statute was adopted in 1899. Since the 1913 anti-corporation reforms in New Jersey under the governorship of Woodrow Wilson, Delaware has become the most prevalent jurisdiction in United States corporate law and has been described as the ''de facto'' corporate capital of the United States. Delaware is considered a corporate haven because of its business-friendly/anti-consumer corporate laws compared to most other U.S. states. 66% of the ''Fortune'' 500, including Walmart and Amazon (two of the world's largest companies by revenue) are incorporated (and therefore have their domiciles for service of process purposes) in the state. Over half of all publicly traded corporations listed in the New York Stock Exc ...
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Comcast
Comcast Corporation, formerly known as Comcast Holdings,Before the AT&T Broadband, AT&T merger in 2001, the parent company was Comcast Holdings Corporation. Comcast Holdings Corporation now refers to a subsidiary of Comcast Corporation, not the parent company (seeBloomberg profile on Comcast Holdings Corporation. Technically, the current parent company was founded December 7, 2001 as CAB Holdings Corporation, which changed its name to AT&T Comcast Corporation before finally taking on the Comcast Corporation name (seeNov 2002 8K/A Form anNov 2002 S-4). is an American Multinational corporation, multinational mass media, telecommunications, and entertainment conglomerate. Headquartered at the Comcast Center in Philadelphia, the company was ranked 51st in the Forbes Global 2000, ''Forbes'' Global 2000 in 2023. It is the List of telephone operating companies, fourth-largest telecommunications company by worldwide revenue, after Deutsche Telekom, China Mobile, and Verizon. Comcast i ...
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