Friday, May 24, 2024

Sell Out and Sell Off for DeNiro as Murdoch Family Becomes Tribeca Film Festival’s Main Investor Under Post-Fox Lupa Fund

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It’s all about the money.

Robert DeNiro, who hates Donald Trump and presumably Rupert Murdoch, has sold out to…Murdoch.

DeNiro, Jane Rosenthal, and Craig Hatkoff have sold the Tribeca Film Festival to the Murdoch family’s Lupa Fund. James Murdoch runs the fund for investments since the Murdochs sold Fox Studios to Disney. Lupa means “she-wolf,” which I guess is just removed from the word Fox.

James Dolan’s Madison Square Garden company sold their stake so they can concentrate on their attractions in Las Vegas.

Lupa is a total Murdoch venture. Also involved in this is Attention Capital, co-founded by former Fox executive Joe Marchese. He’s the former president of advertising revenue for the Fox Networks Group, and a James Murdoch insider.

So yes, we all lose our naivete on this one. The good guys have sold out to the bad guys. James Murdoch is trying to legitimize his family’s horrible history, and their ongoing mayhem at Fox News. Now they’ve taken control of Tribeca. DeNiro et al went for the money. The ideology didn’t matter.

What a shame.

In a release, Jane Rosenthal said this without irony: “Our new partnership with James and Joe will bring valuable expertise as Bob and I look to scale and strategically grow Tribeca.”

 

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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