Hollywood
Cannes Film Festival honours Ingrid Bergman in official 2015 poster
MUMBAI: The 68th Festival de Cannes has chosen to pay tribute to Ingrid Bergman with this year’s poster, following on from Marcello Mastroianni in 2014.
The festival will be held from 13 – 24 May, 2015.
Hollywood star Ingrid Bergman was a modern icon, an emancipated woman, an intrepid actress, and a figurehead for the new realism. She changed roles and adoptive countries as the mood took her, but never lost sight of her quintessential grace and simplicity.
This year’s poster captures the actress, who worked with Alfred Hitchcock, Roberto Rossellini and Ingmar Bergman, and starred opposite Cary Grant, Humphrey Bogart and Gregory Peck, in all her beauty, her face lit up by a calm serenity that seems to herald a promising future.
Liberty, audacity, modernity – values also shared by the Festival, year after year, through the artists and films it showcases. Bergman, who was president of the Jury in 1973, encouraged this journey.
“My family and I are deeply moved that the Festival de Cannes has chosen to feature our magnificent mother on the official poster to mark the centenary of her birth. Her outstanding career covered so many countries, from the smallest European independent films to the greatest Hollywood productions. Mum adored working as an actress: for her acting was not a profession but vocation. As she put it, ‘I didn’t choose acting, acting chose me,’” said Isabella Rossellini.
Based on a photograph by David Seymour, co-founder of Magnum Agency, Hervé Chigioni, who also created for last year’s remarkable Festival poster, was once again behind this year’s image, with his graphic designer Gilles Frappier.
Hollywood
Paramount Skydance secures financing for Warner Bros Discovery deal
Debt syndication and new loans push $111 billion merger closer to close
WASHINGTON: Paramount Skydance has taken a major step towards its planned acquisition of Warner Bros Discovery, securing fresh financing and completing the syndication of its bridge loan facility.
In a filing with the Securities and Exchange Commission, the company confirmed that the bridge facility has now been distributed among a group of 18 banks, reducing total commitments to $49 billion from an earlier $54 billion. The move spreads risk across lenders and signals growing confidence in one of the year’s largest media deals.
Alongside this, the company has finalised permanent financing arrangements, including $5 billion in senior term loans and a $5 billion revolving credit facility. A previously planned $3.5 billion credit line has been dropped as part of the restructuring.
The loans are secured against key assets, including Paramount Global, Skydance Media and Warner Bros post-merger, underlining the scale and complexity of the transaction.
The financing push follows a competitive bidding process earlier this year, which saw interest from players such as Netflix before Paramount Skydance emerged as the frontrunner. The deal, valued at $111 billion, is expected to close in the third quarter, subject to regulatory approvals.
Adding to the momentum, the company has also secured significant equity backing, including investments from Middle Eastern funds, with support from billionaire Larry Ellison, who has guaranteed the equity portion of the transaction.
Commenting on the development, Paramount Skydance chief strategy officer Andy Gordon said, “Our successful debt syndication and new debt facilities represent another important milestone towards the completion of our acquisition of Warner Bros Discovery.”
Once completed, the combined entity is expected to carry net debt of just under $80 billion, reflecting the sheer scale of the merger.
As Hollywood continues to consolidate in the streaming era, this deal could reshape the competitive landscape, with Paramount Skydance betting big on scale, content and financial muscle to take on global rivals.
