Hollywood
Jackie Chan’s son charged for drug offense
MUMBAI: The 32-year-old son of Hollywood actor Jackie Chan has been charged with a drug offense. Jaycee Chan was prosecuted in Beijing for allegedly providing a venue for drug users. The prosecution happened three months after he was arrested following a drugs bust at his residence in the capital. It is said that Chan could face up to three years in jail.
Beijing police had detained Jaycee Chan and Taiwan movie star Ko Chen-tung for drug offenses earlier this year in August. Chan and Ko Chen-tung tested positive for marijuana and both admitted to taking the drug. Police seized more than 100 gm of marijuana at the junior Chan’s home. Ko Chen-tung was released 29 Aug after 14 days of administrative detention.
Following Jaycee Chan’s detention, Jackie Chan released a statement on microblog Sina Weibo, saying he was “angered and shocked” by the news.
Commenting further on the issue, Kung Fu star Jackie Chan said that he felt shamed by his son’s behaviour and hoped that he will behave in the future.
“As Jaycee’s father, I feel ashamed and heartbroken. I hope that teenagers will draw lessons from Jaycee and stay away from drugs,” read the statement.
He further added, “I hope that in the future, he could become an anti-drug spokesman and tell his experiences to young people.”
Chan maintained that he never used any connections to help Jaycee Chan out.
Hollywood
Paramount eyes $24bn Gulf support to fund Warner Bros Discovery merger: Reports
Sovereign funds line up funding as media giants chase streaming scale
NEW YORK: Paramount Skydance is in talks to secure nearly $24 billion in equity commitments from Gulf sovereign wealth funds to support its planned takeover of Warner Bros. Discovery, according to a WSJ report.
The funding push comes as Paramount Skydance advances its proposed $110 billion deal for Warner Bros. Discovery, which carries an equity valuation of $81 billion and is expected to close in the third quarter of 2026.
At the heart of the financing plan are three major Gulf investors. Saudi Arabia’s Public Investment Fund is expected to contribute roughly $10 billion, while the Qatar Investment Authority and Abu Dhabi-based L’imad Holding are likely to make up the remainder.
Crucially, the proposed investments are structured as non-voting stakes. This means the Gulf backers would not have direct control in the combined entity, a move designed to ease regulatory concerns in the United States. Paramount executives reportedly do not expect the deal to trigger scrutiny from bodies such as the Committee on Foreign Investment in the United States or the Federal Communications Commission.
If completed, the merger would bring together a formidable portfolio of entertainment and news assets, including CNN and CBS. The combined entity aims to better compete in a fast-evolving media landscape where streaming platforms are steadily pulling audiences away from traditional television.
The deal reflects a broader shift in global media, where scale is increasingly seen as essential to survive the streaming wars. By pooling content libraries, technology and distribution, Paramount Skydance and Warner Bros. Discovery are betting on size and synergy to drive future growth.
The involvement of deep-pocketed Gulf investors also underscores the growing role of sovereign wealth in shaping global media consolidation, particularly at a time when high-value deals demand equally large financial backing.
With shareholder votes and regulatory milestones still ahead, the proposed tie-up remains one of the most closely watched media deals of the year. If it clears the final hurdles, it could redraw the competitive map of the global entertainment industry.
