Latest news with #London-headquartered
Yahoo
2 days ago
- Entertainment
- Yahoo
‘Dune' VFX House DNEG's Immersive Experiences Unit Names NBCU's Jeff Lehman Exec Producer (Exclusive)
DNEG, the London-headquartered VFX and animation house that has won Oscars for the likes of Dune and Tenet and has also worked on The Last of Us and season 4 of Stranger Things, has named Jeff Lehman executive producer for its Immersive Experiences division, DNEG IXP. He joins the company from NBCUniversal, where he served as assistant director, media production for Universal Creative. 'Lehman brings over 20 years of experience to his new role at DNEG IXP, including a decade leading large-scale global projects for Universal Destinations & Experiences, where he oversaw media creation from blue sky development to facility installation across Universal's global parks,' the company said. 'Key projects include Harry Potter and the Battle at the Ministry, Transformers: The Ride 3D, Despicable Me: Minion Mayhem, Hagrid's Magical Creatures Motorbike Adventure, Jurassic World: The Ride, and many others.' In his new role at DNEG, Lehman will get to 'further develop DNEG IXP's digital production services offering' and 'guide the company's clients and partners through the creative process for experiential entertainment with a story-first focus, managing the full lifecycle of projects from concept through on-set direction, visual effects and post-production, and on-site integration,' the company said. More from The Hollywood Reporter Ava Phillippe, Sam Morelos Cast in Tommy Dorfman's 'Laura Dean Keeps Breaking Up With Me' (Exclusive) Charli XCX Starrer '100 Nights of Hero' to Close Venice Critics' Week 'In the End, Everything Will Be Okay' With 'Money Heist' Star Esther Acebo Boarded by Citizen Skull (Exclusive) DNEG IXP utilizes 'DNEG's Academy Award-winning visual effects capabilities and the AI-driven technologies developed by fellow Prime Focus Group company Brahma, to deliver breakthrough creative experiences across theme park experiences, location-based entertainment, advertising, gaming, music, and more,' according to the firm. 'We're breaking the boundaries of traditional screens and bringing storytelling into the physical world,' said Lehman. 'With DNEG's legacy of award-winning artistry and technological innovation, this is a rare opportunity to redefine how audiences experience narrative – blending the cinematic with the tangible to create fully immersive, location-based worlds. It's an exciting new frontier in experiential entertainment.' Added DNEG president of VFX Rohan Desai: 'We have worked closely with Jeff over a number of years on some truly outstanding experiential attractions for Universal's global theme park portfolio, and I have always admired his knowledge, clear creative direction, and drive. As a filmmaker himself, Jeff brings a unique perspective to the creation of narrative-driven media for experiential attractions, which complements his technical expertise and extensive hands-on experience.' Best of The Hollywood Reporter How the Warner Brothers Got Their Film Business Started Meet the World Builders: Hollywood's Top Physical Production Executives of 2023 Men in Blazers, Hollywood's Favorite Soccer Podcast, Aims for a Global Empire Solve the daily Crossword
Express Tribune
3 days ago
- Business
- Express Tribune
Sizewell C nuclear plant secures final go‑ahead
Britain gave the final go-ahead for the 38 billion pound ($51 billion) Sizewell C nuclear plant in eastern England on Tuesday after it secured investment from British and international investors, including Canadian pension fund La Caisse. Under the deal, the British state will be the largest shareholder in the project with a 44.9% stake, La Caisse will hold 20%, UK energy firm Centrica 15% and London-headquartered Amber Infrastructure will take an initial 7.6%, joining France's state-owned EDF, which had already announced its 12.5% stake. Britain needs to build new nuclear plants to replace its ageing fleet, boost energy security, reach its climate targets and create new jobs. "Delivering next generation, publicly-owned clean power is vital to our energy security and growth," Finance Minister Rachel Reeves said in a statement. The announcement of La Caisse as the second biggest shareholder comes as a surprise after months of speculation that Canadian investor Brookfield was in pole position to invest. Sizewell will be only the second new nuclear plant built in Britain in more than two decades, after French state-owned EDF's Hinkley Point C. That has been beset by delays and cost overruns, and is not due to start operating until about 2030. First proposed in the early 2010s, Sizewell C was originally going to be developed by EDF with China General Nuclear Power Group, but the UK government bought out the Chinese firm's stake in 2022 amid security concerns. France's EDF has said it is investing around 1.1 billion pounds in Sizewell, while Centrica said in its statement it had committed to construction funding of 1.3 billion pounds. The government statement said Britain's National Wealth Fund would provide the majority of the debt finance for the project, alongside a debt guarantee from France's export credit agency, Bpifrance Assurance Export. ($1 = 0.7424 pounds)
Economic Times
4 days ago
- Business
- Economic Times
Education finance platform EduFund raises $6 million from Cercano Management, MassMutual Ventures
ETtech EduFund, an education planning and financing platform, has raised $6 million in a funding round led by Cercano Management and MassMutual Ventures. The funds will be used for scaling artificial intelligence (AI)-driven advisory, expanding the range of loan products, and deepening presence in tier II and tier III markets. 'Education is a consumer staple in India, and parents already spend about 30 percent of their earnings on it. With costs rising at home and abroad, the middle-class Indian parent faces a major challenge,' said Eela Dubey, cofounder and chief executive of EduFund. Founded in 2020, EduFund helps fund children's education from early years to higher studies. Its suite of tools spans investments, loans, visas, immigration, international remittance, and expert counselling, translating to end-to-end financial planning. The company has a partner network of over 40 asset management firms and more than 15 lending institutions (public and private sector banks, NBFCs, and international lenders).This comes at a time when there is a temporary dip in the global study abroad market driven by macroeconomic challenges and stricter visa startup has raised a total of $12 million to date. Commenting on the investment, Danika Ariadna, vice president of Cercano Management, said, 'Higher education is getting costlier and less accessible worldwide. So, parents need a platform that helps them start planning early.' 'Our follow-on investment underscores our confidence in EduFund's innovative approach,' said Doug Russell, managing partner and head of MassMutual June 3, education financing startup GyanDhan raised Rs 50 crore in a funding round from edtech firm Classplus and venture capital firm Pravega Ventures. In March, Leap Finance, the student lending arm of study abroad platform Leap, secured $100 million in debt funding from London-headquartered bank HSBC through its Asean Growth Fund. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. From near bankruptcy to blockbuster drug: How Khorakiwala turned around Wockhardt Paid less than plumbers? The real story of freshers' salaries at Infy, TCS. What if Tata Motors buys Iveco's truck unit? Will it propel or drag like JLR? As deposit ground slips under PSU banks' feet, they chase the wealthy If data is the new oil, are data centres the smokestacks of the digital age? Stock Radar: M&M likely to break out from 1-year consolidation range; time to buy? Will consumer stocks see a comeback this festive season? 12 stocks to keep an eye on even when analysts are not bullish Don't fear volatility, focus on businesses: 5 mid-cap stocks from different sectors with upside potential of up to 27% Best way to deal with volatility, just ' Hold' for wealth creation: 7 large-cap stocks with an upside potential of up to 41%
Business Times
5 days ago
- Business
- Business Times
HSBC renews hunt for board chairman amid struggle to fill shortlist: FT
HSBC is refreshing its search for a new board chairman, the Financial Times reported on Saturday (Jul 19). The development came after the bank could not find enough satisfactory candidates for a final shortlist. The London-headquartered lender has been seeking a replacement for Mark Tucker, who announced earlier this year that he will stand down by the end of 2025. Tucker has presided over a turbulent tenure marked by multiple changes of the chief executive, a clash with one of the bank's largest shareholders and a public slap-down from the US government. HSBC stepped up its efforts to find a successor after Tucker surprised fellow board members with an announcement that he would leave the bank in September to take on a non-executive chairman role at AIA, Bloomberg previously reported. A spokesperson for the bank said that the process to appoint a new chairman is underway and that Brendan Nelson, the head of HSBC's audit committee, will be interim chairman from Oct 1. The bank has struggled to develop a shortlist of successors after considering more than 100 people for the role, the FT reported, citing unidentified sources. HSBC has mulled tapping executives such as Zurich Insurance Group CEO Mario Greco, Goldman Sachs executives Kevin Sneader and Richard Gnodde, as well as Bruce Carnegie-Brown, former chair of the Lloyd's of London insurance market, the newspaper reported. Some of the potential candidates were unavailable, while others declined when approached, according to the FT. A spokesperson for Zurich told the FT that Greco was approached by a headhunter and had declined because he was committed to Zurich. BLOOMBERG
Business Times
5 days ago
- Business
- Business Times
HSBC renews hunt for board chair amid struggle to fill shortlist: FT
HSBC is refreshing its search for a new board chairman, the Financial Times reported on Saturday (Jul 19). The development came after the bank could not find enough satisfactory candidates for a final shortlist. The London-headquartered lender has been seeking a replacement for Mark Tucker, who announced earlier this year that he will stand down by the end of 2025. Tucker has presided over a turbulent tenure marked by multiple changes of the chief executive, a clash with one of the bank's largest shareholders and a public slap-down from the US government. HSBC stepped up its efforts to find a successor after Tucker surprised fellow board members with an announcement that he would leave the bank in September to take on a non-executive chairman role at AIA, Bloomberg previously reported. A spokesperson for the bank said in an e-mailed statement that the process to appoint a new chairman is underway and that Brendan Nelson, the head of HSBC's audit committee, will be interim chairman from Oct 1. The bank has struggled to develop a shortlist of successors after considering more than 100 people for the role, the FT reported, citing unidentified sources. HSBC has mulled tapping executives such as Zurich Insurance Group CEO Mario Greco, Goldman Sachs executives Kevin Sneader and Richard Gnodde, as well as Bruce Carnegie-Brown, former chair of the Lloyd's of London insurance market, the newspaper reported. Some of the potential candidates were unavailable, while others declined when approached, according to the FT. A spokesperson for Zurich told the FT that Greco was approached by a headhunter and had declined because he was committed to Zurich. BLOOMBERG
