English Entertainment
Animal Planet, Discovery to air Steve Irwin’s final film next year
MUMBAI: Earlier this year animal lovers bemoan premature loss of animal expert and conservationist Steve Irwin who used to host shows on Animal Planet and was known as “The Crocodile Hunter.”
On 21 January, 2007 US fans can both reflect on Irwin’s legacy with the Steve Irwin Tribute and also check out his last television project, Ocean’s Deadliest. The two-hour television event will be broadcast simultaneously on The Discovery Channel and Animal Planet in the US.
Discovery US president Billy Campbell says, “Steve has been such an con for our entire family of networks, including Animal Planet and the Discovery Channel.
This exclusive evening of programming on both networks will honour both his past accomplishments and his continued dream of showcasing the wildlife kingdom in order to preserve it.”
In Ocean’s Deadliest lurking only a few feet below the surface of eastern Australia’s crystalline ocean are some of the most dangerous animals on the planet. For thousands of years, venomous snakes, salt-water crocodiles and immense sharks have patrolled these waters. Now in the hope of studying nature’s most dangerous creations, two adventurers embark on an epic mission that requires leadership of an experienced, knowledgeable and fearless crew.
The late Irwin is joined by oceanographer and adventurer Philippe Cousteau, grandson of the famous oceanographer Jacques Cousteau as they explore the waters between Australia’s Gold Coast and the Great Barrier Reef.
Throughout this expedition, Philippe and Steve come face to face with venomous fish, huge great white sharks and amazing saltwater crocodiles as they search for the region’s most dangerous animal. Along the way, they will meet the scientific experts who work with these creatures on a regular basis, learning the reason why they have evolved with such dangerous defenses and also learning that in truth, they fill a role in the overall ecosystem that is vital and cannot be overlooked.
Their adventure features moments, including subduing a giant croc in order to attach a satellite tracking device; observing the feeding behaviour of the great white shark while safely tucked away inside a dive cage; and working with the Australian experts who capture deadly sea snakes in order to supply anti-venom to the rest of the world.
Cousteau, who was aboard Croc One with Irwin during the expedition when he was struck and killed by a stingray, narrates the 90- minute documentary.
English Entertainment
Warner Bros. Discovery shareholders approve Paramount deal
Investors wave through a $111 billion megamerger but deliver a stinging, if toothless, rebuke over half-a-billion-dollar goodbye packages
NEW YORK: The shareholders said yes to the deal. They said no to the cheque. At a virtual special meeting on Thursday that lasted barely ten minutes, Warner Bros. Discovery investors voted overwhelmingly to approve Paramount Skydance’s $111 billion acquisition of the company — and then turned around and voted against the lavish exit pay packages lined up for chief executive David Zaslav and his fellow outgoing executives.
Not that it will make much difference. The compensation vote is purely advisory and non-binding. The Warner Bros. Discovery board can, and almost certainly will, pay out as planned.
But the symbolism stings. It is the second consecutive year that WBD shareholders have voted against the executive compensation packages, and this time they had good reason. Zaslav’s exit deal is, by any measure, extraordinary. Under the terms filed with the Securities and Exchange Commission, he is set to receive $34.2 million in cash severance, $517.2 million in equity in the combined company, and $44,195 in continued health coverage — a total of at least $550 million. On top of that, Warner Bros. Discovery has agreed to reimburse Zaslav up to $335 million for taxes assessed by the Internal Revenue Service on his accelerated stock vesting, though the company says that figure will decline depending on when the deal closes. As of March 11, Zaslav also held $115.85 million in vested WBD stock awards — and last month sold a further $114 million worth of WBD shares.
Shareholder advisory firm ISS recommended voting against the compensation measure, citing “problematic” tax reimbursements to Zaslav and the full vesting of his stock awards.
Zaslav will be bound by a two-year non-competition covenant and a two-year non-solicitation of customers and employees after the deal closes.
His lieutenants are not walking away empty-handed either. J.B. Perrette, chief executive and president of global streaming and games, is in line for $142 million, comprising $18.2 million in cash severance and $123.9 million in equity. Bruce Campbell, chief revenue and strategy officer, will receive an estimated $121.5 million, including $18.8 million in severance and $102.7 million in equity. Chief financial officer Gunnar Wiedenfels is set for $120 million, made up of $6.6 million in cash severance and $113.1 million in equity. Gerhard Zeiler, president of international, will get $82.6 million, including $11.9 million in severance and $70.7 million in equity.
The deal itself, clinched in February after Netflix declined to raise its bid for Warner Bros., still needs regulatory clearance from the Justice Department and European authorities. Several state attorneys general are also weighing legal action to block it.
Senator Elizabeth Warren, Democrat of Massachusetts, was unsparing. “The Paramount-Warner Bros. merger isn’t a done deal,” she said after the shareholder vote. “State attorneys general across the country are stepping up to stop this antitrust disaster. We need to keep up this fight.”
If it does go through, the combined entity would be a formidable beast, bringing together Paramount Skydance’s stable — CBS, CBS News, Paramount Pictures, Paramount+, BET, MTV and Nickelodeon — with WBD’s portfolio of HBO, Max, Warner Bros. film and TV studios, DC, CNN, TBS, TNT, HGTV and Discovery+. Paramount has said it expects $6 billion in cost savings from the merger, which is Wall Street shorthand for mass layoffs on a significant scale.
The ten-minute meeting was presided over by chairman Samuel Di Piazza Jr., with Zaslav, Campbell, Wiedenfels and chief communications officer Robert Gibbs in virtual attendance. Di Piazza was bullish. “We appreciate the support and confidence our stockholders have placed in us to unlock the full value of our world-class entertainment portfolio,” he said. “With Paramount, we look forward to creating an exceptional combined company that will expand consumer choice and benefit the global creative talent community.”
Zaslav echoed the sentiment. “Over the past four years, our teams have transformed Warner Bros. Discovery and returned the company to industry leadership,” he said. “Today’s stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders.”
Paramount Skydance struck a similar note. “Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros. Discovery,” it said in a statement, adding that it looked forward to “closing the transaction in the coming months.”
The shareholders have spoken on the merger. On the pay, they were ignored before the vote was even counted.
