Hollywood
Twentieth Century Fox & Imax ink maiden multi-film deal
MUMBAI: Twentieth Century Fox and Imax Corporation have entered into their first long-term, multi-picture agreement.
Their first joint multi-picture agreement includes future tentpoles from the Fox slate, including Deadpool, Independence Day Resurgence,Maze Runner: The Death Cure and the studio’s untitled Wolverine project.
“We are very happy to announce this new global affiliation with Imax and look forward to offering our audiences another choice in their viewing of our movies. We look forward to working with our partners in what is sure to be an exciting and rewarding future,” said Twentieth Century Fox president of worldwide marketing and distribution Paul Hanneman, president of domestic theatrical distribution Chris Aronson.
“We are extremely pleased to enter into this strategic alliance with Fox, with whom we have experienced some of our greatest successes. Given their exciting upcoming slate, the agreement makes strategic sense for both companies. We are also excited to be able to release blockbusters together in China, which we think could help Imax and Fox expand our footprint in that market jointly,” said Imax Corp CEO Richard L. Gelfond.
“With this new multi-picture deal, Imax closes the loop among the Hollywood studios and takes our relationship with Fox to a new level. We are excited to bring this particular slate of films to Imax fans worldwide,” said Imax Corp senior executive vice president and Imax Entertainment CEO Greg Foster.
The Imax release of each film will be digitally re-mastered into the image and sound quality of The Imax Experience with proprietary Imax DMR (Digital Re-mastering) technology. The crystal-clear images, coupled with Imax’s customized theatre geometry and powerful digital audio, create a unique environment that will make audiences feel as if they are in the movie.
Hollywood
David Zaslav could net up to $887m as Warner Bros Discovery sells up
Media mogul strikes gold as Paramount Skydance deal triggers massive windfall
NEW YORK: While the average office worker might hope for a nice clock and a round of applause upon leaving, David Zaslav is looking at a slightly more substantial parting gift. The chief executive officer of Warner Bros Discovery is positioned to receive a windfall of up to $887 million following the company’s blockbuster $110 billion sale to Paramount Skydance.
In a twist of corporate fate that feels scripted for the big screen, the deal marks the finale of a high-stakes bidding war. It comes after Netflix, once the frontrunner, decided to exit stage left and abandon its pursuit of the HBO Max parent company.
While most people receive a standard final paycheck, the filing released on Monday suggests Zaslav’s exit package is built a little differently. If the deal closes as expected in the third quarter of 2026, the numbers break down like this:
The cash out: A severance package of $34.2 million, covering his salary and bonuses.
The equity: $115.8 million in vested shares he already owns.
The future fortune: A massive $517.2 million in unvested share awards, essentially “future stock” that turns into real money the moment the ink dries on the merger.
Perhaps the most eye-catching figure is the $335 million earmarked for tax reimbursements. However, this particular pot of gold has an expiration date.
The company noted that these reimbursements are tied to specific tax-code rules that significantly decline as time passes. If the deal hits a snag and drags into 2027, that tax payout drops to zero. With hundreds of millions on the line, the chief executive officer likely has every incentive to ensure the closing process moves at double-speed.
