Hollywood
Angry Birds takes flight with a film
MUMBAI: The popular video game 'Angry Birds' will make the transition to the big screen with a film. Rovio Entertainment has announced that comedy writer Jon Vitti will write the screenplay for the upcoming animated 3D film. Additionally, veteran producer Catherine Winder is joining the production team that includes producer John Cohen and executive producer David Maisel. The movie is slated for a 1 July 2016 release and will to be distributed worldwide by Sony Pictures.
Rovio Entertainment CEO Mikael Hed said, "I'm very excited that Jon and Catherine have joined us, bringing with them their vast expertise. I'm confident we are building the right team to deliver an amazing movie experience to our fans"
Cohen said, "I'm thrilled to have Jon and Catherine joining the project. Jon is one of the funniest writers I know, and we're looking forward to working with him to bring the birds and pigs to life on the big screen. Catherine is a fantastic producer, with over 20 years of film and television experience, and I'm very excited to have her as a part of our filmmaking team"
Angry Birds is one of the world's biggest entertainment franchises, starting in 2009 with the original mobile game that remains the number one paid app of all time. Angry Birds has expanded rapidly into entertainment, publishing, and licensing to become a beloved international brand.
The upcoming movie marks Rovio's first foray into feature films, although fans have already been introduced to the Angry Birds world with the weekly 'Angry Birds' Toons animated series. Rovio launched the series in March through its Angry Birds apps, as well as on select video-on-demand channel providers, Smart TVs, connected devices, and on select TV networks around the world. Paving the way for a full-length feature film, Angry Birds Toons has been a massive success for Rovio clocking in over 150 million views from the Angry Birds apps alone within the first six weeks.
Hollywood
Paramount eyes $24bn Gulf support to fund Warner Bros Discovery merger: Reports
Sovereign funds line up funding as media giants chase streaming scale
NEW YORK: Paramount Skydance is in talks to secure nearly $24 billion in equity commitments from Gulf sovereign wealth funds to support its planned takeover of Warner Bros. Discovery, according to a WSJ report.
The funding push comes as Paramount Skydance advances its proposed $110 billion deal for Warner Bros. Discovery, which carries an equity valuation of $81 billion and is expected to close in the third quarter of 2026.
At the heart of the financing plan are three major Gulf investors. Saudi Arabia’s Public Investment Fund is expected to contribute roughly $10 billion, while the Qatar Investment Authority and Abu Dhabi-based L’imad Holding are likely to make up the remainder.
Crucially, the proposed investments are structured as non-voting stakes. This means the Gulf backers would not have direct control in the combined entity, a move designed to ease regulatory concerns in the United States. Paramount executives reportedly do not expect the deal to trigger scrutiny from bodies such as the Committee on Foreign Investment in the United States or the Federal Communications Commission.
If completed, the merger would bring together a formidable portfolio of entertainment and news assets, including CNN and CBS. The combined entity aims to better compete in a fast-evolving media landscape where streaming platforms are steadily pulling audiences away from traditional television.
The deal reflects a broader shift in global media, where scale is increasingly seen as essential to survive the streaming wars. By pooling content libraries, technology and distribution, Paramount Skydance and Warner Bros. Discovery are betting on size and synergy to drive future growth.
The involvement of deep-pocketed Gulf investors also underscores the growing role of sovereign wealth in shaping global media consolidation, particularly at a time when high-value deals demand equally large financial backing.
With shareholder votes and regulatory milestones still ahead, the proposed tie-up remains one of the most closely watched media deals of the year. If it clears the final hurdles, it could redraw the competitive map of the global entertainment industry.
