Hollywood
Angie-ficent!
MUMBAI: “Let us tell an old story anew,” Janet McTeer’s voice echoes as a revision to the old fable opens. Given the rather stodgy characters in the 1959 Walt Disney classic Sleeping Beauty, the character of Maleficent is by far, the most interesting; which makes her perfect fodder for a revisit.
The concept of retelling the classic Sleeping Beauty from the antagonist’s point of view is intriguing but the film itself is a visual feast.
All’s well for the young and beautiful fairy Maleficent till a boy Stefan stumbles into the forest where she lives and wins her heart. However, ambition takes its toll and Stefan leaves Maleficent only to return for worse – cutting off her wings. Having lost her wings and her faith in love, a shattered Maleficent resolves to seek revenge at any cost and destroy Stefan and his newly minted empire.
Comparisons with Disney’s 1959 film are inevitable, especially in the first half which includes scenes reminiscent of the old film, making the storyline and development of Maleficent’s character rather anomalous. However, as malevolence tries to redeem itself through maternity, right from the expose of Aurora to the curiosity of first love to Maleficent exposing her most vulnerable side in the final climactic event, Linda Woolverton’s screenplay shines through in the second half.
Academy Award winner Angelina Jolie (Girl, Interrupted) is mesmerising as Maleficent; malevolent but motherly when required. Elle Fanning brings her own vivacity to Aurora while Sharlto Copley as Stefan makes the Queen of Evil look sunnier in comparison. After reprising a Dolores Umbridge whom fans love to hate in the Harry Potter franchise, Imelda Stanton’s turn as pixie is the surprise package.
After winning many a golden statuette for production design, Academy Award winner Robert Stromberg makes a stellar directorial debut with Maleficent, coupled with a gripping score by Emmy Award winner James Newton Howard.
It’s possible you’ll continue to hum Lana Del Rey’s rendition of Once upon a Dream long after leaving the movie theatre!
Hollywood
Paramount Skydance secures financing for Warner Bros Discovery deal
Debt syndication and new loans push $111 billion merger closer to close
WASHINGTON: Paramount Skydance has taken a major step towards its planned acquisition of Warner Bros Discovery, securing fresh financing and completing the syndication of its bridge loan facility.
In a filing with the Securities and Exchange Commission, the company confirmed that the bridge facility has now been distributed among a group of 18 banks, reducing total commitments to $49 billion from an earlier $54 billion. The move spreads risk across lenders and signals growing confidence in one of the year’s largest media deals.
Alongside this, the company has finalised permanent financing arrangements, including $5 billion in senior term loans and a $5 billion revolving credit facility. A previously planned $3.5 billion credit line has been dropped as part of the restructuring.
The loans are secured against key assets, including Paramount Global, Skydance Media and Warner Bros post-merger, underlining the scale and complexity of the transaction.
The financing push follows a competitive bidding process earlier this year, which saw interest from players such as Netflix before Paramount Skydance emerged as the frontrunner. The deal, valued at $111 billion, is expected to close in the third quarter, subject to regulatory approvals.
Adding to the momentum, the company has also secured significant equity backing, including investments from Middle Eastern funds, with support from billionaire Larry Ellison, who has guaranteed the equity portion of the transaction.
Commenting on the development, Paramount Skydance chief strategy officer Andy Gordon said, “Our successful debt syndication and new debt facilities represent another important milestone towards the completion of our acquisition of Warner Bros Discovery.”
Once completed, the combined entity is expected to carry net debt of just under $80 billion, reflecting the sheer scale of the merger.
As Hollywood continues to consolidate in the streaming era, this deal could reshape the competitive landscape, with Paramount Skydance betting big on scale, content and financial muscle to take on global rivals.
