Hollywood
Ang Lee to direct ‘Billy Lynn’s Long Halftime Walk’ for TriStar & Studio 8
MUMBAI: Jeff Robinov’s Fosun-backed Studio 8, together with Chinese distribution company Bona Film Group, will partner with Tom Rothman’s TriStar and Film4 on the adaptation of Ben Fountain’s acclaimed novel Billy Lynn’s Long Halftime Walk, to be directed by three-time Oscar-winner Ang Lee.
The deal brings together several members of the family of companies at Sony Pictures, which will distribute the film worldwide, except for Greater China, which Bona Film Group Ltd will handle. Film 4 will have UK free television.
The film is now set for start of principal photography in mid-April and casting is underway.
In the film, Bravo Company, and 19-year-old private Billy Lynn, survive a harrowing Iraq battle that is captured by news cameras. They are brought home by the US administration for a promotional tour, culminating at the spectacular halftime show of a Thanksgiving Day football game, all while facing an imminent return to the war. Almost the entire movie takes place during the day of the game, with flashes back to the underlying events and Billy’s heroism.
The film will explore new methods, both technological and artistic, with the goal of further engaging the audience. Lee will use the Sony F65 camera shooting in native 3D, high resolution, and with an ultra-high frame rate to create a different cinematic syntax in service of the story. He envisions creating a new way for audiences to experience drama, including the heightened sensation that soldiers really feel on the battlefield and on the home front.
Rothman said, “Ang is pushing the envelope even beyond what we achieved in Life of Pi. Innovation is key to getting audiences out to cinemas now, but such advances often take a brave village. I have long admired Jeff personally and have great respect for Studio 8 and Bona. It’s a neat fit as we are all in the business of trying to do cool things for Sony, not to mention we park right next to each other.”
Robinov added, “Ang Lee’s vision for this remarkable story is incredibly exciting to all of the partners involved and perfectly captures the types of filmmaker-driven movies we want to make at Studio 8. We are thankful that Tom Rothman included us in this fantastic project and are looking forward to working on this together.”
Bona founder, chairman and CEO Yu Dong said, “Since last year, we’ve been working closely with our strategic partner Fosun to explore their resources in the entertainment industry as we roll out our international strategy to grow a significant presence in Hollywood. Having the opportunity to work on Ang Lee’s next film and being the only partner in China speaks to our strong film production and distribution capabilities, as well as marks a very important first step for Bona to gain international recognition. We look forward to participating in more Hollywood mainstream films while at the same time bringing high-quality foreign films to the domestic market.”
Billy Lynn’s Long Halftime Walk will be produced by Marc Platt, Ink Factory’s Stephen Cornwell, Rhodri Thomas and Simon Cornwell, and Ang Lee. The film is being made in association with Film4, which developed the original draft of the script with Simon Beaufoy. The current screenplay revisions are by Jean-Christophe Castelli.
Studio 8, based in Culver City, California on the SPE lot, is funded in partnership with the Chinese investment management firm Fosun Group and with SPE which will distribute up to six films worldwide annually. Studio 8 has secured 1 billion in financing.
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.
