Hollywood
MGM plans Pink Panther reboot with Julie Andrews
MUMBAI: Metro-Goldwyn-Mayer (MGM)’s chairman and CEO Gary Barber and president of motion picture group Jonathan Glickman announced on 31 March that it is currently in the process for producing a full-length hybrid animation and live-action feature film based on the animated Pink Panther character.
Walter Mirisch, executive producer of the original Pink Panther films and television series will serve as the producer of the new film, along with Academy Award-winning actress, Julie Andrews (The Princess Diaries), wife of the late director Blake Edwards. David Silverman (The Simpsons Movie, Monsters, Inc.) will direct. The Pink Panther character originated a remarkable fifty years ago.
The new caper film will focus on the character, rather than inspector Clouseau, and will reminisce back to the tone shared by the original Friz Freleng and David De Patie cartoons as well as that of Blake Edwards’ films.
“We are incredibly proud to re-introduce the Pink Panther to a brand new generation in such a fresh way. Even more exciting is the chance to work again with our dear friends Walter Mirisch and Julie Andrews, as well as the talented David Silverman, whose enthusiasm convinced us to ‘Think Pink!’,” said Glickman in a press statement.
“I am delighted that the legacy of Blake’s iconic Pink Panther franchise will continue to grow in its new hybrid form. It is exciting that the quintessential ‘next step’ for our beloved Panther will be enjoyed by a fourth generation of audiences. I feel that Blake is encouraging us on,” said Andrews in the statement.
For fifty years, the Pink Panther has been one of the most beloved characters in the history of film. There are a select few animated characters who have reached the level of popularity and longevity that the Pink Panther has achieved. Next to James Bond, The Pink Panther movie franchise is one of the longest running in cinematic history, boasting 11 feature films, spanning five decades. The films have won 2 Academy Awards, 2 Golden Globe Awards and the Grammy Award-winning theme song by the legendary music composer Henry Mancini (Breakfast at Tiffany’s) still stands today as one of the greatest themes of all time.
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.
