Hollywood
Codeblack acquires Frankie and Alice starring Halle Berry
MUMBAI: The label under Lionsgate-Codeblack Films has got the rights for the movie ‘Frankie and Alice’ for North America. The movie is set to release in April next year.
The movie stars Halle Berry and is about a woman with a multiple personality disorder and how she copes with it. Although the film debuted at Cannes 2010, it was halted after that. Directed by Geoffrey Sax it also stars Stellan Skarsgard, Phylicia Rashad and Chandra Wilson.
Codeblack focuses on movies for the African-American market. The movie is produced by Vincent Cirrincione and Berry. Berry also got a Golden Globe nomination for the psychological drama, which released for a limited audience in December 2010.
Halle Berry is known for her roles in ‘Catwoman’, James Bond and the ‘X men’ series. Superhero sequel ‘Captain America: The Winter Soldier’ and crime drama ‘Dom Hemingway’ are also slated to open in theaters in April 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.
