A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. This is done at the risk of magnified cash flow losses should the acquisition perform poorly after the buyout.
Blockbuster formerly called Blockbuster Video is an American multimedia brand and former rental store chain. The business was founded by David Cook in 1985 as a single home video rental shop, but later became a public store chain featuring video game rentals, DVD-by-mail, streaming, video on demand, and cinema theater. The logo was designed by Lee Dean at the Rominger Agency. The company expanded internationally throughout the 1990s. At its peak in 2004, Blockbuster employed 84,300 people worldwide and operated 9,094 stores.
The Seven Network is a major Australian commercial free-to-air television network. It is owned by Seven West Media Limited, and is one of the five main free-to-air television networks in Australia. The network's headquarters are located in Sydney.
Christopher Charles Skase was an Australian businessman who later became one of his country's most wanted fugitives, after his business empire crashed spectacularly and he fled to Majorca, Spain.
Trump Entertainment Resorts, Inc. was a gambling and hospitality company. The company previously owned and operated the now-demolished Trump Plaza and Trump World's Fair, the now-closed Trump Marina, Trump Casino & Hotel in Gary, Indiana, Trump 29 in Coachella, California, and Trump Taj Mahal in Atlantic City. It was founded in 1995 as Trump Hotels & Casino Resorts by Donald Trump, who after 2004 held only a minority ownership. The company filed for bankruptcy in 2004, 2009 and 2014. It became a subsidiary of Icahn Enterprises in 2016. Since then, all of the company's properties have been closed and sold.
STQ is an Australian television station, licensed to, and serving the regional areas of Queensland. The station is owned and operated by the Seven Network from studios located in Maroochydore on the Sunshine Coast. The callsign STQ stands for Sunshine Television, Queensland.
HSV is a television station in Melbourne, Australia. It is part of the Seven Network, one of the three main commercial television networks in Australia, its first and oldest station. It launched in time for the 1956 Summer Olympic Games in Melbourne. HSV-7 is the home of AFL coverage.
Seven Group Holdings Limited is an Australian operating and investment group in the media, mining and construction industries.
Halcyon Studios, LLC., formerly known as Sonar Entertainment, RHI Entertainment, Hallmark Entertainment, Qintex Entertainment, HRI Group and Robert Halmi Inc., is an American entertainment company specializing in the production and distribution of scripted television content, part of Chicken Soup for the Soul Entertainment. It was founded in 1979 by Robert Halmi Jr. and Robert Halmi Sr. (1924–2014) as Robert Halmi, Inc. The company uses the direct-to-series model for TV series.
MGM Holdings, Inc. was an American holding company incorporated in Delaware and headquartered in Beverly Hills, California that launched on February 11, 2005 by a creditor-oriented consortium and the former parent company of Metro-Goldwyn-Mayer. Technology company Amazon acquired the company on March 17, 2022 and later merged it with its Amazon Studios subsidiary on October 3, 2023, forming Amazon MGM Studios.
The Telecoms crash, also known as the Telecommunications Bubble was a stock market crash that occurred in 2001, after the bursting of the dot-com bubble.
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors.
The Finnish Banking Crisis of 1990s was a deep systemic crisis of the entire Finnish financial sector that took place mainly in the years 1991–1993, after several years of debt-based economic boom in the late 1980s. Its total taxpayer cost was roughly 8% of the Finnish GNP, making it the most severe of the contemporary Nordic banking crises. The crisis has been attributed to a combination of macro-economic turbulence, weak regulation, and bank-specific problems. Governmental intervention included bank takeovers, direct monetary assistance and temporary blanket guarantees to the banks.
Seven West Media Limited is an Australian ASX-listed media company and is Australia's largest diversified media business, with an extensive presence in broadcast television, radio, print and online publishing.
South Canterbury Finance was New Zealand's largest locally owned finance company when it collapsed in August 2010, triggering a $1.6 billion bail-out of investors deposits by the New Zealand Government; almost $1 billion was recovered by receivers.
The early 1990s recession saw a period of economic downturn affect much of the world in the late 1980s and early 1990s. The economy of Australia suffered its worst recession since the Great Depression.
MGM-Pathé Communications was an American film production company that operated in Los Angeles County, California from 1990 to 1992.
The Star Entertainment Group Limited is an Australian gambling and entertainment company. The company was formerly known as Echo Entertainment.
The Gold Coast Sports Precinct is a series of sports facilities and venues, located on the Gold Coast, Queensland, in Australia.
The corporate debt bubble is the large increase in corporate bonds, excluding that of financial institutions, following the financial crisis of 2007–08. Global corporate debt rose from 84% of gross world product in 2009 to 92% in 2019, or about $72 trillion. In the world's eight largest economies—the United States, China, Japan, the United Kingdom, France, Spain, Italy, and Germany—total corporate debt was about $51 trillion in 2019, compared to $34 trillion in 2009. Excluding debt held by financial institutions—which trade debt as mortgages, student loans, and other instruments—the debt owed by non-financial companies in early March 2020 was $13 trillion worldwide, of which about $9.6 trillion was in the U.S.
