Hollywood
Golden Globes postponed to 28 February 2021
MUMBAI: Due to the Covid2019 pandemic, the 2021 Golden Globes will now take place on 28 February instead of its usual slot. This happens about eight weeks before the 93th Academy Awards. The Hollywood Foreign Press Association said this in a statement. Last week, the Academy of Motion Picture Arts and Sciences announced that the 93th Academy Awards telecast has been postponed to 25 April 2021 from 28 February.
The Academy of Motion Picture Arts and Sciences said that delay would give filmmakers more time to finish pending projects which were shut due to pandemic. The organisation said, "To accommodate both domestic and international film and television productions, the HFPA will provide further guidance around eligibility, voting period and revised nominations announcement timing in the coming weeks."
The Golden Globe Awards authority on Twitter wrote, "We are excited to announce the 78 annual Golden Globe(r) Awards will take place on Sunday, 28 February 2021. The ceremony will air live coast to coast 5-8 pm PT/8-11 pm. ET on NBC from The Beverly Hilton in Beverly Hills, California."
The Golden Globes have usually been held on the first Sunday of January as a kick-off to the Hollywood awards season. This year's edition was held on 5 January.
However, the HFPA did not mention the format of the globes but said the ceremony will air live on NBC from the Beverly Hilton in Beverly Hills.
A group of about 85 journalists who cover Hollywood for international outlets cast their votes for the award. In comparison, about 8,500 members of the Academy of Motion Picture Arts and Sciences can vote for the Oscars.
Apart from this, other award shows, including Britain’s BAFTA event, have also shifted their dates for 2021 to fall closer to the Oscars.
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.
