Hollywood
Coen brothers named presidents of Cannes Film Festival jury
MUMBAI: American filmmakers Joel and Ethan Coen will be presiding over the jury of the 68th Festival de Cannes.
This will be the first time in the history of the Festival de Cannes, when not one but two leading figures will chair the Jury.
“We look forward to returning to Cannes this year. We welcome as always the opportunity to watch movies there from all over the world. Cannes is a festival that has been important to us since the very beginning of our career. Presiding over the Jury is a special honour, since we have never heretofore been president of anything. We will issue further proclamations at the appropriate time,” said Joel and Ethan Coen.
The brothers are currently filming the George Clooney, Christophe Lambert, Scarlett Johansson, Tilda Swinton, Josh Brolin and Channing Tatum starrer film Hail Caesar!
2015 is the celebration of 120 years since the invention of the Lumi?re cinematograph, and the Festival de Cannes will recognise, through the Coens, the work of all “cinema brothers” who, since Louis and Auguste Lumi?re, have enriched its history. The Festival has also had the opportunity to welcome “brothers” in a great way: like Joel and Ethan Coen who won the Palme d’or in 1991, Paolo and Vittorio Taviani received it in 1976, as well as Jean-Pierre and Luc Dardenne in 1998 and in 2005.
The Festival de Cannes will take place from 13-24 May, 2015. The composition of the Official Selection and the members of the Jury will be unveiled in mid-April.
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.
