Hollywood
Universal Pictures to restore 15 classic silent films over the next four years
MUMBAI: Building on its 2012 Centennial celebration, Universal Pictures will be restoring some of the world’s most classic silent films.
During the next four years, the studio will restore approximately 15 silent film titles from Universal’s early years. The complete list of films is still in development in collaboration with outside film historians, institutions, and preservationists. Partners and collaborators in the initiative include the Library of Congress, The Film Foundation, Academy of Motion Picture Arts & Sciences, George Eastman House, UCLA Film & Television Archives, Association of Moving Image Archivists, and Hollywood Heritage.
The announcement was made at the Opening Night of the San Francisco Silent Film Festival.
“The company understands its responsibility and need to preserve our silent film legacy. This early art of filmmaking is the foundation on which Universal Pictures was built more than 100 years ago, and it’s important we honor our rich history,” said NBC Universal vice chairman Ron Meyer.
The silent film era is best known for instantly recognizable storylines, settings, costumes, and characters. Most early silent films were accompanied by a full-fledged orchestra, organist or pianist to provide musical background and to underscore the narrative on the screen. Some even included live actors or narrators. The major genre emphasis was on swashbucklers, historical extravaganzas, and melodramas, although all kinds of films were being produced throughout the decade.
According to a report released by the Library of Congress, 70 per cent of the America’s silent feature films have been completely lost. Universal’s restoration team will work with archives and collectors worldwide to secure copies of prints and additional elements needed to complete this restoration effort and augment the silent film titles currently in its library.
Universal Pictures silent film restoration initiative builds on the company’s ongoing restoration commitment. Since the program was first announced in 2012, nearly 30 titles have been restored and 25 more titles are expected to be restored by 2017. Fully restored titles to date include All Quiet on the Western Front, The Birds, Buck Privates, Dracula (1931), Dracula Spanish (1931), Frankenstein, Jaws, Schindler’s List, Out of Africa, Pillow Talk, Bride of Frankenstein, The Sting, To Kill a Mockingbird, Touch of Evil, Double Indemnity, High Plains Drifter, and Holiday Inn.
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.
