Hollywood
Silver Linings Playbook producer boards Brian Epstein biopic The Fifth Beatle
MUMBAI: Academy Award-winning producer Bruce Cohen (American Beauty, Milk, Silver Linings Playbook) is set to produce The Fifth Beatle, about the life of Beatles manager Brian Epstein.
The English entrepreneur Paul McCartney dubbed “the fifth Beatle” helped launch the career of the Fab Five and managed them until his death by accidental overdose in 1967. He was also a closeted gay man whose close relationship with John Lennon was the subject of the 1991 Sundance entry The Hours and Times.
The Fifth Beatle will be the first feature film about the Beatles to obtain the rights to use their original songs. Pic is scripted by Tony-winning producer Vivek J. Tiwary (Green Day’s American Idiot, Mel Brooks’ The Producers) from his own forthcoming graphic novel with art by Andrew C.
Robinson and cartoonist Kyle Baker, which Dark Horse releases 19 November. Tiwary will produce alongside Cohen, who won the Oscar in 2000 for American Beauty. Production is set to begin in 2014.
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.
