Hollywood
11 films from India at Busan this year, festival to show 100 feature films
NEW DELHI: 11 films from India will be screened at the forthcoming Busan International Film Festival next month.
To be held between 2 and 11 October, the Festival will open and close with two films from Greater China. The festival’s opening is the international premiere of Taiwan’s Paradise in Service, Doze Niu’s coming-of-age drama about a young soldier stationed at a brothel on Kinmen Island. The film is produced by Hou Hsiao-hsien. The world premiere of Hong Kong’s Gangster Pay Day by Lee Po-cheung about a washed-out gang boss who turns legitimate by taking over a restaurant, closes the festival. It stars Anthony Wong and Charlene Choi.
This year’s festival is screening over 100 Asian feature films among a total of 313 films (features and shorts) from 79 countries. The lineup includes the world premieres of 65 feature films and the international premieres of 33 feature films.
Vishal Bhardwaj’s Haider, Homi Adajania’s Finding Fanny and Shonali Bose’s Margarita with a straw are among the six films that will be showcased in “A window to Asian Cinema” section.
Other films that will screen in the section include: Malayalam film Zahir by Siddharth Siva, Tamil film Goli Soda by Vijay Milton and Adityavikram Sengupta’s Labour of Love that earlier screened at Venice Days sidebar of Venice Film Festival.
Omung Kumar’s Mary Kom will be screened outdoors in a special programme titled Open Cinema. The film had its world premiere at Toronto International Film Festival.
Sunrise by Paris based Indian filmmaker Partho Sen-Gupta will compete in the New Currents section.
Our Metropolis by Gautam Sonti and Usha Rao has been shortlisted for documentary competition while Balaka Ghosh’s Foot Prints in Desert will be screened in the Documentary Showcase section.
The festival will also screen Gitanjali Rao’s True Love Story that has earlier screened at Cannes Critics Week and has won award for best animation film at Mumbai International Film Festival.
The annual Korean Cinema Retrospective is dedicated to veteran director Jung Jin-woo. Hong Kong’s Ann Hui is this year’s Asian Filmmaker of the Year and her latest film The Golden Era will have a gala screening at the festival.
Hollywood
WBD sets April 23 vote on $110bn Paramount Skydance merger
Investor approval key step, but regulators loom over mega media deal
NEW YORK: Warner Bros. Discovery has set April 23 as the date for shareholders to vote on its proposed $110 billion merger with Paramount Skydance, marking a crucial step in one of the biggest media deals in recent years.
The all-cash transaction offers WBD shareholders $31 per share, a hefty 147 per cent premium to its unaffected stock price, signalling strong intent to push the deal across the finish line. The company’s board has unanimously backed the merger and is urging investors to vote in favour.
Even if shareholders give the green light, the deal is far from done. Regulators in the United States and Europe are expected to scrutinise the merger closely, weighing concerns around competition and potential price impacts for consumers.
To keep investors on side, WBD has built in a safety net. If the deal is not completed by September 30, shareholders will receive a quarterly “ticking fee” of $0.25 per share until closure.
The proposed merger would significantly reshape the media landscape, combining the assets of Warner Bros. Discovery with those linked to Paramount Global and Skydance Media. It would also cement the growing influence of David Ellison, who has been steering Skydance’s aggressive expansion strategy.
“The WBD Board has been guided by the singular principle of securing a transaction that maximises the value of our iconic assets and delivers as much certainty as possible to our shareholders,” said Warner Bros. Discovery board chair Samuel A. Di Piazza Jr.. “This historic transaction will expand consumer choice and create new opportunities for creative talent.”
Warner Bros. Discovery chief executive officer David Zaslav added that the company is working closely with its counterpart to close the deal and unlock value for stakeholders.
With investor backing likely but regulatory hurdles ahead, the proposed merger is shaping up to be a defining moment for the global entertainment industry, where scale, content and competition are increasingly intertwined.
