O’Melveny’s Entertainment, Sports and Media Practice Wins Chambers Award for Excellence Again6월 10, 2011
FOR IMMEDIATE RELEASE
Sonja Steptoe Julie Fei
O’Melveny & Myers LLP O’Melveny & Myers LLP
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NEW YORK, NY ─ JUNE 10, 2011 ─ O’Melveny & Myers LLP’s Entertainment, Sports and Media Practice received Chambers and Partners’ highest recognition at the 2011 Chambers USA Awards For Excellence ceremony, held on June 9, 2011, at Cipriani 42nd Street in New York City. This is the third time in four years that O’Melveny’s Entertainment, Sports and Media Practice has won the Award For Excellence as the nation’s top media practice.
“We are once again gratified that O’Melveny & Myers has been judged worthy of receiving a coveted Chambers Award for Excellence,” said Arthur B. Culvahouse, Jr., Chair of the Firm. “This achievement is a testament to the top notch work that our Entertainment, Sports and Media team is doing on behalf of our clients who are involved in the cutting edge entertainment and media transactions and high-profile disputes.”
The Firm’s highly regarded Entertainment, Sports and Media Practice prevailed over more than a half-dozen other leading firms to earn an Award of Excellence in Media. Chambers’ Media category is multi-disciplinary, covering both transactional and adversarial work. The evaluation process began with a submission compiled by O’Melveny's Entertainment, Media, and Sports partners highlighting the high-profile transactional and litigation work the practice handled throughout the past year.
According to Chambers, O'Melveny was bestowed with this accolade for its "spectacular work" in the area of media. When presenting the award, the ceremony's host remarked that "a diverse range of clients turn to O'Melveny for its depth and breadth of expertise in the media and entertainment space."
The Entertainment, Media, and Sports transactions team distinguished itself again this year, handling a number of groundbreaking deals, including, most recently, advising the International Olympic Committee on the decision to award broadcast rights to NBC Universal for the 2014, 2016, 2018, and 2020 Olympic games. Other notable transactions work included advising Spyglass Entertainment in connection with Metro-Goldwyn-Mayer's pre-packaged Chapter 11 restructuring plan; representing Legend Pictures LLC in its US$500 million leveraged recapitalization; advising Univision Communications Inc. in its US$1.2 billion strategic alliance with Grupo Televisa; representing Peter Schlessel and Graham King in the formation of the new motion picture distribution company, FilmDistrict Pictures; advising Shine Group, the UK’s largest independent production company, on the US aspects of its US$471 million acquisition by News Corp.; continuing service as counsel to Digital Cinema Implementation Partners, most recently in obtaining a US$220 million Term Loan B incremental credit facility; and representing both Metro-Goldwyn-Mayer Inc. and Warner Bros./New Line Cinema in a deal between the two studios related to the financing of the two-picture-project “The Hobbit.” The team's litigation successes included the highly publicized and ongoing representation of Hollywood Foreign Press Association in its lawsuit against Dick Clark Productions Inc. over rights to the Golden Globes Awards Show.
“For the past four years, we have been extremely honored to be nominated by Chambers for this prestigious award; to win for a third time is truly humbling. This accolade reflects the enormous dedication and creativity of the talented group of lawyers who comprise our team, and with whom I have the pleasure of working on a daily basis,” said Joseph Calabrese, Chair of O'Melveny's Entertainment, Sports and Media Practice.
About the O'Melveny & Myers Entertainment, Sports and Media Practice
For nearly a century, O’Melveny & Myers LLP has represented motion picture studios, television, music and new media companies, sports organizations, governing bodies, professional sports teams (and their owners), financial institutions, strategic investors, and individual talent on groundbreaking and significant industry transactions. At the core of the Entertainment and Media Practice is the representation of clients in transactions involving the production, financing, and distribution of motion pictures and television programming aimed at audiences around the world. Our firm’s extensive experience with businesses in the new media, telecommunications and convergence sectors, combined with our long-standing relationships and know-how in the entertainment, electronics, and financial services industries, can provide a critical link for companies.
About O’Melveny & Myers LLP
With approximately 900 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.