Hollywood
A big night for ‘Breaking Bad’ and ‘The Big Bang Theory’ at 66th Emmy Awards
MUMBAI: 66th Primetime Emmy Awards was a big night for Breaking Bad, The Big Bang Theory and Modern Family.
The awards opened with Jim Parsons winning his fourth Emmy in the lead actor category for his work as Sheldon Cooper on the CBS sitcom, The Big Bang Theory. The 41-year-old actor plays the role of nerdy Caltech physicist Sheldon Cooper in the Chuck Lorre and Bill Prady-created series. Parsons beat William H Macy, Matt LeBlanc, Louis CK and Ricky Gervais in the category.
Cult drama series Breaking Bad was the other big winner of the night bagging the Emmy for Best Drama Series, while Game of Thrones went home with none of the big prizes despite garnering the most nominations. The series saw a fourth Best Lead Actor win for Bryan Cranston as chemistry teacher-turned-meth drug lord, Walter White aka Heisenberg. His co-star Aaron Paul took home his third Emmy win for Best Supporting Actor and Anna Gunn became a two-time Emmy Award winner for Best Supporting Actress in the show. Moreover, the now-departed, much beloved AMC series also took another Emmy Award for Outstanding Writing as well as Best Drama. The show won six Emmys in total.
Hit TV series Modern Family made Emmy history by winning the title of Best Comedy series for a record-tying fifth year in a row at television’s equivalent of the Oscars and has now tied the record set by NBC’s Frasier. Ty Burrell won the Best Supporting Actor for the comedy series, and the show also won a directing award.
Other significant Emmy Award winners included Benedict Cumberbatch and Martin Freeman for BBC’s Sherlock: His Last Vow as Best Actor and Best Supporting Actor in a Miniseries or Movie, as well as comedienne Sarah Silverman’s win for Variety Show Writing.
The Emmy Awards also held its traditional memorial tribute to industry members who have died in the past year. The presentation concluded with Billy Crystal giving a moving tribute to longtime friend and fellow comedian Robin Williams, who tragically committed suicide just two weeks ago.
Among the other notable winners, Julianna Margulies won the Best Drama Actress for The Good Wife, while Best Television Movie went to The Normal Heart about gay activist Larry Kramer’s work to raise HIV/AIDS awareness during the early 1980s.
Julia Louis-Dreyfus received her third consecutive Best Comedy Actress Emmy for the political comedy Veep on HBO. Shows like Netflix’s Orange Is the New Black and House of Cards, Showtime’s Shameless, and HBO’s True Detective neither benefited from tactical category choices nor garnered any Emmy Awards this year, despite their popularity and stellar storytelling.
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.
