Hollywood
Tom Hanks to Produce ‘Factory Man’ on HBO
MUMBAI: Tom Hanks’ production company and HBO have bought the broadcasting rights for the bestselling book by journalist Beth Macy ‘Factory Man’ and is planning to develop the story into a miniseries.
Actor Tom Hanks and producer Gary Goetzman plan to co-produce the project through their production company, Playtone, with Steven Shareshian serving as co-executive producer and Peter McGuigan as co-producer. The cast of the miniseries have not been decided yet.
The book follows and chronicles the story of the Basset family in Virginia, who have been running The Basset Furniture Company since the early 1900s and became the world’s largest wood furniture manufacturer. However, in the ’80s, Asian countries and businesses boomed, placing the long-running furniture company in competition with its Asian counterparts. In order to keep up to the times and the demand in furniture at that time, the family was forced to outsource its labour and production overseas which meant that a lot of local Virginians lost their jobs in the process. This changed when John Basset III decided to take a stand and bring back the factory’s production to Virginia. The company currently has more than 700 Virginians working for the Vaughn-Basset Furniture Co. and has sales that total more than $90 million.
This news comes after Hanks’ review of the book on twitter on 24 July, “Great summer reading. I give it 42 stars. No, I give it 142 stars. Yeah, it’s THAT good. Hanx.”
Playtone is currently producing a miniseries based on Elizabeth Strout’s bestselling book Olive Kitteridge, starring Oscar-winner Frances McDormand. Playtone has also produced such Emmy-award winning hits like Band of Brothers, The Pacific and John Adams.
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.
