Movies
Tamil Nadu Film Exhibitors’ Association imposed penalty by CCI
NEW DELHI: The Competition Commission of India (CCI) has imposed a penalty of Rs 41,393 on the Tamil Nadu Film Exhibitors’ Association (TNFEA) (now known as Tamil Nadu Theatre Owners’ Association).
The penalty has been imposed in respect of information filed by Reliance Big Entertainment (RBE) alleging contravention of the provisions of Section 3 and 4 of the Competition Act.
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RBE alleged that it was entitled to distribute a film titled Osthe in Tamil language that was a remake of Hindi film Dabbang. However, TNFEA boycotted this film with an effort to secure a claim of its members against a third party Sun TV.
CCI in its investigation concluded that the decisions and conduct of TNFEA in respect of the boycott against the film Osthe and other films dealt by Sun TV were in contravention of the provisions of Section 3 (3) (b).
The penalty of Rs 41,393 has been imposed at 10 per cent of the average turnover of the Association for the relevant last three years. This penalty is to be deposited within 60 days of receipt of this order.
The CCI has also directed TNFEA to cease and desist from indulging in such anti-competitive conduct in future.
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.
