Home

Enron

Report: Leonardo DiCaprio to Star in Enron Movie

Authored by Scott Goldberg on February 14, 2007 - 11:55am.
Leo DiCaprio New York, NY – Warner Bros has announced a new movie about the 2001 Enron scandal that will star Leonardo DiCaprio.  He will also be a producer on the project, through his production company Appian Way.
tags: Movies | Enron | Time Warner | Warner Bros | Scott Goldberg | CNBC | Leonardo DiCaprio |

Ex-Finance Chief of Enron Video-on-Demand Firm Found Guilty

Authored by Mark Hefflinger on June 1, 2006 - 2:22pm.
Houston - The former chief financial officer of Enron Broadband Services (EBS), the bankrupt company's venture with Blockbuster that was said to be developing an Internet video-on-demand service, was convicted by a jury Wednesday on conspiracy and fraud charges, Reuters reported.
tags: Law | Tech | VOD | Broadband | People | Investing | Enron | Michael Krautz | Convictions |

Enron Execs Arrested In Scandal Over Blockbuster Video-on-Demand Venture

Authored by Mark Hefflinger on March 13, 2003 - 5:26am.
Houston -- Federal authorities have arrested two Enron executives on fraud charges, alleging they recorded $111 million in phantom revenue from a joint venture to develop a streaming video-on-demand service with video rental giant Blockbuster that never came to fruition. Kevin Howard and Michael Krautz, both accounting executives at Enron Broadband Services, were charged with fraud and face up to 25 years in prison if convicted. Blockbuster signed a 20-year contract with Enron in April 2000 to develop the video-on-demand service, which was slated to begin testing in December 2000 but not to begin showing profits for years. However, Howard and Krautz set up a venture codenamed "Braveheart" that recorded revenues of $111 million in 2000 and 2001, in spite of the fact that the venture recorded zero earnings and the contract with Blockbuster was terminated in March 2001.
tags: Enron | Video-on-Demand | Scandal | Blockbuster |