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
Warner Bros board reopens talks after Paramount raises bid to $31 a share
Netflix has four days to revise $27.75-a-share proposal
NEW YORK: The board of Warner Bros Discovery has reopened talks with Paramount Skydance after the rival bidder raised its cash offer to $31 a share, intensifying a takeover contest for one of Hollywood’s most prized studios, Reuters reported.
Paramount’s revised proposal has pulled Warner Bros’ directors back to the negotiating table, even as Netflix risks losing its status as the preferred suitor. The board said it had not yet concluded whether Paramount’s offer was superior to the Netflix deal, but confirmed it would engage further with both sides. Should a higher bid emerge, Netflix has four business days to respond.
In a bid to strengthen its hand, Paramount increased the termination fee payable if regulators block the deal to $7 billion, up from $5.8 billion. It also agreed to pay Warner shareholders 25 cents a share per quarter for every quarter beyond 30 September that the transaction fails to close. Paramount further offered to inject additional equity should lenders raise concerns about financing at completion.
Paramount’s $31-a-share bid is an all-cash offer for the entire company. Netflix, by contrast, has proposed $27.75 a share in cash, valuing the deal at $82.7 billion including net debt, for Warner’s film and television studios, content library and the HBO Max streaming platform.
The comparison is muddied by structure. Warner plans to spin off its television networks into a separately listed company, Discovery Global. The ultimate value of Netflix’s offer therefore depends on the spun-off unit’s debt load and market valuation. The board estimates Discovery Global could trade between $1.33 and $6.86 a share, potentially lifting overall shareholder returns above Paramount’s earlier $30-a-share proposal.
Either outcome would reshape Hollywood’s balance of power, handing the winner a deep content vault and enduring franchises including Game of Thrones and DC Comics. Netflix has ample cash to raise its offer, while Paramount argues it faces fewer regulatory hurdles in the United States. It has also signalled readiness to mount a board challenge at Warner’s annual meeting if its proposal is rejected.
That pressure is building. One potential director nominee floated by Paramount is Pentwater Capital Management chief executive Matthew Halbower, one of Warner’s largest shareholders. Separately, activist investor Ancora Holdingshas accused the board of insufficient engagement with Paramount.
Warner is due to report quarterly results this week, which may shed more light on the value of its cable television assets. Paramount reports earnings on Wednesday. A shareholder vote on the Netflix deal is scheduled for 20 March.
