Hollywood
Redbox re-news disc deal with 20th Century Fox till 2017
MUMBAI: Redbox has inked a new agreement with 20th Century Fox Home Entertainment, maintaining a 28-day window on Blu-ray Disc and DVD titles through 30 June, 2017.
“We look forward to working with Fox to utilize our digital marketing network and national kiosk footprint to help Fox monetize their feature film properties in the high value transactional window. As a leader in the category with over 700 million transactions per year, Redbox is actively working with our studio partners to maintain a strong base of value for their new release movies,” said Redbox president Mark Horak.
“This arrangement with Redbox upholds our retail and rental strategy, while allowing us to continue to deliver the best available movies and TV shows in the market to our customers. We aggressively seek out ways to provide the greatest access to all our content while ensuring it makes the best sense for our business,” added Twentieth Century Fox Home Entertainment president worldwide Mike Dunn.
Horak concluded, “Fox is a terrific partner and we look forward to continuing to work closely with them to satisfy consumer demand for their high quality content at a great value from Redbox.”
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.
