English Entertainment
AXN upgrades weekend entertainment with Limitless and season 4 of Elementary
MUMBAI: AXN, the English entertainment channel, is bringing two new shows for its ‘Fresh From The U.S.’ slot -Limitless and season 4 of Elementary. Limitless will premiere on 21 November 2015 and can be seen every Saturday at 11 pm and Elementary will air on 22 November at 10 pm.
Talking about the two new shows, Sony PIX & AXN India executive vice-president and business head Saurabh Yagnik said, “In order to cater to the TG who seeks new and latest content that airs day-and-date with the U.S., we had created a specific slot – ‘Fresh From The U.S.’ – wherein we have been programming the freshest shows and their latest seasons over the weekends. This exclusive slot is a perfect getaway for viewers to experience new, fresh stories, never-seen-before on Indian television. With premieres of iconic shows like Limitless and Elementary (Season 4), we continue to live up to the brand promise of providing a thrilling entertainment experience.”
Elementary stars Jonny Lee Miller as detective Sherlock Holmes and Lucy Liu as Dr. Joan Watson. Elementary is the modern-day drama about a crime-solving duo that cracks NYPD’s most impossible cases. In this season, Holmes and Watson must rely upon one another to rebuild their lives, notwithstanding the untimely return of Sherlock’s estranged but wealthy father, Morland Holmes.
Limitless a spinoff of the 2011 thriller of the same name, features Jake McDorman and Jennifer Carpenter as the leads and is produced by Bradley Cooper, the original main character from the film, plays U.S. Senator Eddie Morra. In the show, protagonist Brian Finch, played by Jake McDorman, is seen discovering the brain-boosting power of the mysterious drug NZT. He is then forced by the FBI into using his extraordinary cognitive abilities to solve complex cases for them.
Limitless debuted in the US on September 22, 2015. On October 23, 2015, CBS picked up Limitless for a full season of 22 episodes. It airs on CBS every Tuesday night.
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.
