Hollywood
12 Years a Slave wins Peoples Choice Award
MUMBAI: The movie directed by Steve McQueen has been awarded the People’s Choice Awards at the Toronto International Film Festival of 2013. The movie stars Chiwetel Ejiofor with Michael Fassenbender and Benedict Cumberbatch.
The story revolves around an 1853 true memoir of a free black man sold into slavery. Previous wins have been Slumdog Millionaire and The King’s Speech. The movie is now expected to make rounds at the Oscars as well.
Fox Searchlight will start showing the movie from 18 October. It debuted at Telluride Film Festival and has newcomer Lupita Nyong’o. Brad Pitt, Dede Gardner and Bill Pohlad are among the producers. The screenplay is done by John Ridley while Fox Searchlight and Regency Enterprises will be distributing it.
Philomena won the runner up while Prisoners was second runner up.
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.
