Categorized | Uncategorized

Investors Sue Over Waddy Wachtel Documentary – Hollywood Reporter

Alibaba’s Alipay Unit ‘Will Definitely Go Public,’ Jack Ma Says


At the time, the defendant appears to have had a good career in television, including producing many celebrity biographies. According to Raboin’s lawsuit, Simson represented that he would interview many high-profile musicians like Joe Walsh, Iggy Pop and James Taylor, while Raboin explained that the greater the number of celebrity interviews, the easier it would be to raise investment funds. Some of the interviews had already been completed. The others would come later. The two are said to have worked on financial estimates and budgets, including $240,000 to obtain rights for 40 songs, and in 2008, the parties allegedly outlined their joint business plan for prospective investors in the project. The two also entered into a written operating agreement for They Could Be Heroes, LLC. Over the next few years, both sides appear to have come up short of goals. Raboin wanted to raise $1 million, but was only to raise half that amount. Meanwhile, Simson got some high-profile musicians like Jackson Browne and Mick Fleetwood interviewed, though the complaint implies that he didn’t deliver all the musicians who might have come forward to talk about Wachtel, who among other things, co-wrote Warren Zevon’s “Werewolves of London.” The lawsuit says that by 2010, Simson’s interest in the project was “flagging” and how he expressed that he no longer wanted to be responsible for the film’s sale and distribution.
Read more.. visit


Reuters Jack Ma, executive chairman of the Alibaba Group, said on Tuesday that the Alipay unit, part of the companys financial services arm, will definitely go public. Launched in China in 2004, the online payment service reportedly has the largest market share in the country with 300 million users. The main goal of listing isn’t for more money, but to let more people share in and be part of it, Ma said in an interview with CCTV, China’s official state broadcaster, on the company’s annual Singles’ Day shopping festival. However, Ma did not say when the Alipay unit would go public nor did he specify if it would be Alipay or its parent, Zhejiang Ant Small and Micro Financial Services Group that would be listed, Reuters reported . According to an announcement from Alipay last month , the company willfocus on biometric technologies that use fingerprint and facial identification to make the services digital payments more secure. Last month, Jack Ma and Apple CEO Tim Cook both expressed an interest to partner with each other . Such a partnership is expectedto provide both companies greater visibility in the other’s dominant markets.
Read more.. visit

Leave a Reply