English Entertainment
Indonesian TV station stops WWE after mishap
MUMBAI: An Indonesian television station Lativi TV has stopped airing several wrestling programmes amid allegations that a nine-year-old boy may have been killed by children imitating the moves of their wrestling heroes.
Media reports state that the station pulled SmackDown and all other World Wrestling Entertainment (WWE) programmes following weeks of pressure from parents and educators who said the shows encouraged violent behaviour in children. In India WWE action airs on Ten Sports.
Reza Fadillah died on 16 November in the Indonesia’s West Java city of Bandung -several weeks after three of his friends threw him to the ground and pinned him ‘SmackDown-style’.
His father, Herman Suratman, said that the boy’s X-rays showed internal chest wounds.
WWE has issued a statement saying that The chief of the Detective Bureau charged with investigating the highly suspicious nature of the child’s death specifically has stated in the media that there is no reason to believe the death of this child had anything to do with watching wrestling.
WWE says that it first learned on Thanksgiving Day of sketchy and incomplete information that a father of a child in Indonesia was attempting to blame WWE’s SmackDown program for the death of his child. Now it says that the chief of the Detective Bureau charged with investigating the highly suspicious nature of the child’s death specifically stated in the media that the accusations of the family could not be taken at face value and that there is no reason to believe the death of this child had anything to do with watching wrestling.
Indonesian Broadcasting Commission member Ade Armando was quoted in reports saying, “We have SmackDown posters, shirts, cards, and other things. It has become some kind of specific culture with its own community. If there is no television show, we assume those other things will lose audience. So our conclusion is stopping the show altogether. We will not tolerate its showing anytime.”
Suratman said, “Let my son be the last victim. This is a lesson, not only for Lativi and the government, but also for us parents to pay more attention to our children. In this era of multimedia, bad influences can easily reach our boys and girls.”
WWE meanwhile notes that unfortunately, this is not the first time that false allegations of this type have been used to deflect attention away from those directly responsible for the death of a child. It has urged caution in making such unsubstantiated, and now repudiated, statements, especially in light of the ongoing police investigation into the actual and true circumstances of this child’s death while in the custody of others.
The police noted an autopsy was forbidden by the child’s family for religious reasons. As a resultthe police have indicated in the mediathat because there is no permission to conduct the autopsy, they are currently asking for the child’s medical records from the hospital.
Although the death of any child is a tragedy, WWE says that it is confident that the investigative conclusions will be that the death of this child had nothing to do with WWE programming.
English Entertainment
Warner Bros. Discovery shareholders approve Paramount deal
Investors wave through a $111 billion megamerger but deliver a stinging, if toothless, rebuke over half-a-billion-dollar goodbye packages
NEW YORK: The shareholders said yes to the deal. They said no to the cheque. At a virtual special meeting on Thursday that lasted barely ten minutes, Warner Bros. Discovery investors voted overwhelmingly to approve Paramount Skydance’s $111 billion acquisition of the company — and then turned around and voted against the lavish exit pay packages lined up for chief executive David Zaslav and his fellow outgoing executives.
Not that it will make much difference. The compensation vote is purely advisory and non-binding. The Warner Bros. Discovery board can, and almost certainly will, pay out as planned.
But the symbolism stings. It is the second consecutive year that WBD shareholders have voted against the executive compensation packages, and this time they had good reason. Zaslav’s exit deal is, by any measure, extraordinary. Under the terms filed with the Securities and Exchange Commission, he is set to receive $34.2 million in cash severance, $517.2 million in equity in the combined company, and $44,195 in continued health coverage — a total of at least $550 million. On top of that, Warner Bros. Discovery has agreed to reimburse Zaslav up to $335 million for taxes assessed by the Internal Revenue Service on his accelerated stock vesting, though the company says that figure will decline depending on when the deal closes. As of March 11, Zaslav also held $115.85 million in vested WBD stock awards — and last month sold a further $114 million worth of WBD shares.
Shareholder advisory firm ISS recommended voting against the compensation measure, citing “problematic” tax reimbursements to Zaslav and the full vesting of his stock awards.
Zaslav will be bound by a two-year non-competition covenant and a two-year non-solicitation of customers and employees after the deal closes.
His lieutenants are not walking away empty-handed either. J.B. Perrette, chief executive and president of global streaming and games, is in line for $142 million, comprising $18.2 million in cash severance and $123.9 million in equity. Bruce Campbell, chief revenue and strategy officer, will receive an estimated $121.5 million, including $18.8 million in severance and $102.7 million in equity. Chief financial officer Gunnar Wiedenfels is set for $120 million, made up of $6.6 million in cash severance and $113.1 million in equity. Gerhard Zeiler, president of international, will get $82.6 million, including $11.9 million in severance and $70.7 million in equity.
The deal itself, clinched in February after Netflix declined to raise its bid for Warner Bros., still needs regulatory clearance from the Justice Department and European authorities. Several state attorneys general are also weighing legal action to block it.
Senator Elizabeth Warren, Democrat of Massachusetts, was unsparing. “The Paramount-Warner Bros. merger isn’t a done deal,” she said after the shareholder vote. “State attorneys general across the country are stepping up to stop this antitrust disaster. We need to keep up this fight.”
If it does go through, the combined entity would be a formidable beast, bringing together Paramount Skydance’s stable — CBS, CBS News, Paramount Pictures, Paramount+, BET, MTV and Nickelodeon — with WBD’s portfolio of HBO, Max, Warner Bros. film and TV studios, DC, CNN, TBS, TNT, HGTV and Discovery+. Paramount has said it expects $6 billion in cost savings from the merger, which is Wall Street shorthand for mass layoffs on a significant scale.
The ten-minute meeting was presided over by chairman Samuel Di Piazza Jr., with Zaslav, Campbell, Wiedenfels and chief communications officer Robert Gibbs in virtual attendance. Di Piazza was bullish. “We appreciate the support and confidence our stockholders have placed in us to unlock the full value of our world-class entertainment portfolio,” he said. “With Paramount, we look forward to creating an exceptional combined company that will expand consumer choice and benefit the global creative talent community.”
Zaslav echoed the sentiment. “Over the past four years, our teams have transformed Warner Bros. Discovery and returned the company to industry leadership,” he said. “Today’s stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders.”
Paramount Skydance struck a similar note. “Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros. Discovery,” it said in a statement, adding that it looked forward to “closing the transaction in the coming months.”
The shareholders have spoken on the merger. On the pay, they were ignored before the vote was even counted.
