For some, it’s 13 going on $5 million for the Jewish rite of passage as industry families “outdo one another … and the Grammys and the Emmys.”

Bar mitzvahs in Hollywood aren’t just parties — they also can be auditions.

Read the Full Article: Source – Hollywood Reporter
Time For Truth: (Hollywood Reporter) – Hollywood's Battles For The Best Bar Mitzvah: $5m Budgets, Justin Bieber And Camels

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Days after leaving the Obama White House, John Podesta set to work on courting Hollywood for his new boss. The leaked emails reveal some in Hollywood were just as keen to court the eventual Democratic nominee.

Read the Full Article: Source – Hollywood Reporter
Time For Truth: (Hollywood Reporter) – WikiLeaks Reveals Who in Hollywood Is Really on Hillary Clinton's Call List

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It’s a casting director’s dream. Jack Ma, China’s richest man, and the highest-grossing Hollywood auteur of all time have struck a deal to work together to produce and finance films for the world’s second-largest movie market.

Alibaba Pictures Group Ltd. is buying a stake in Amblin Partners, the production outfit backed by Steven Spielberg to work together on production, marketing and distribution both globally and in China. It’s the latest in a spree of deals over the past two years intended to help U.S. studios tap what could soon be the world’s largest box office, while hopefully imparting a little of that Hollywood movie-making magic to increasingly ambitious Chinese households.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Jack Ma, Spielberg Team Up With Deal to Bring Hollywood to China

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Given the increased frequency of terrorist bombings and mass shootings and an under-lying sense of havoc fed by divisive election politics, it’s no surprise that home security is going over the top and hitting luxurious new heights. Or, rather, new lows, as the average depth of a new breed of safe haven that occupies thousands of square feet is 10 feet under or more. Those who can afford to pull out all the stops for so-called self-preservation are doing so — in a fashion that goes way beyond the submerged corrugated metal units adopted by reality show “preppers” — to prepare for anything from nuclear bombings to drastic climate-change events. Gary Lynch, GM at Rising S Bunkers, a Texas-based company that specializes in underground bunkers and services scores of Los Angeles residences, says that sales at the most upscale end of the market — mainly to actors, pro athletes and politicians (who require signed NDAs) — have increased 700 percent this year compared with 2015, and overall sales have risen 150 percent. “Any time there is a turbulent political landscape, we see a spike in our sales. Given this election is as turbulent as it is, we are gearing up for an even bigger spike,” says marketing director Brad Roberson of sales of bunkers that start at $39,000 and can run $8.35 million or more (FYI, a 12-stall horse shelter is $98,500).

Read the Full Article: Source – Hollywood Reporter
Time For Truth: (Hollywood Reporter) – Panic,anxiety spark rush to build luxury bunkers for L.A.'s superrich

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A purchase of the producer of the Golden Globes would mark an expansion of Wanda’s stated plan to enter the U.S. entertainment market in a big way.

Last month, China’s richest man went public with his goal of sealing at least two $1 billion deals for Hollywood companies this year. Looks like he wasn’t kidding.

Dalian Wanda Group, run by the outspoken Wang Jianlin, has held preliminary talks to purchase Dick Clark Productions, the prolific company behind the Golden Globe Awards, American Music Awards, Billboard Music Awards and other live television events, according to sources. The price for DCP is said to value the company in the “neighborhood” of $1 billion.

Read the Full Article: Source – Hollywood Reporter
Time For Truth: (Hollywood Reporter) – Chinese Company In Bid To Buy The Golden Globes

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