Corporate Bits | George Lam to bring anniversary concert to the Venetian

Hong Kong Cantopop legend George Lam will perform at The Venetian’s Cotai Arena on July 16 for his latest performance, “George Lam 40th Anniversary Concert (Macau)”.
Lam kicked off his anniversary world tour with a sold out concert in Hong Kong earlier this year. With his signature vocals and numerous classic hits, the upcoming concert is set to be a memorable night for the pop star’s fans, according to Sands China’s press release.
The singer started producing Cantopop hits more than 40 years ago, and released his first solo English album “Lam” back in 1976. His Cantonese album “Lam” was also released that same year. A veteran singer based in Hong Kong, Lam has remained at the top of his genre.
Tickets go on sale today at all Cotai Ticketing box offices.

sony names sanford panitch president of columbia pictures

Sony Pictures Entertainment has named Sanford Panitch president of Columbia Pictures, replacing Doug Belgrad.
The announcement was made Friday by Sony Pictures Entertainment Motion Picture Group chairman Tom Rothman, who took over as studio chief from Amy Pascal last year following the computer hack of Sony. Panitch has overseen international production at the studio since last June.
Rothman praises Panitch’s film background and says his international expertise fits exactly with the company’s “expanded global emphasis and ambitions.” Rothman says Sony is “moving forward to shape the new Columbia Pictures.”
The nearly 100-year-old Columbia Pictures is the most renowned division of Sony’s film operations.
Belgrad is a longtime veteran of Columbia Pictures. He had been in the running for studio head following Pascal’s exit. He will stay on through July.

burberry ceo bailey gets 75pct pay cut

Burberry Group Plc’s embattled chief Christopher Bailey took a 75 percent pay cut last year as the U.K.’s largest luxury-goods maker struggled for growth.
Bailey’s remuneration fell to 1.9 million pounds (USD2.7 million) in the year through March from 7.5 million pounds a year earlier, according to Burberry’s annual report published yesterday. He didn’t get a bonus or other incentive payments because earnings missed the company’s target.
Pressure has been mounting on Bailey amid concern that his leadership has been compromised by his dual role as chief creative officer. Profit is below the level it was when he added the role of CEO in May 2014. A 35 percent slump in the share price in the past year has led analysts including Paul Thomas at Retail Remedy to call for the appointment of an experienced executive to work alongside Bailey.
Bailey received a salary of 1.1 million pounds, allowances of 464,000 pounds and pension payments of 330,000 pounds last year. He won’t get a salary increase this year and some share-based awards will now not vest, according to the report.