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by Indiewire
November 20, 2000 2:00 AM
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DAILY NEWS: Palm and Sputnik Joining; Greek Fest Winners; "Buffalo Soldiers" Shooting

DAILY NEWS: Palm and Sputnik Joining; Greek Fest Winners; "Buffalo Soldiers" Shooting



by Eugene Hernandez/indieWIRE

>> Blackwell Reportedly Merging Palm and Sputnik7


(indieWIRE/ 11.20.00) -- Chris Blackwell is combining his offline producer &
distributor Palm Pictures with his online film & music web outlet
sputnik7.com, according to a report from Inside.com. While the two
companies had been closely affiliated -- mogul Chris Blackwell serves as
Chairman of both companies -- the move will undoubtedly bolster sputnik7
thanks the $100 million round of financing that Palm secured this Spring.


Blackwell, whose Island Records made Bob Marley, U2 and Cat Stevens household names, also owns Ryko Distribution, a music concern. He will reportedly tap David Koh (head of Sputnik's acquisitions and co-productions)
to lead the merged outfit

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