Hollywood
Beyonc breaks iTunes records
Pop star Beyonce looks to be rising on the chartbusters list. Her self-titled album, Beyonce has become the fastest selling album ever on the iTunes Store.
With an unprecedented 828,773 albums sold in just its first three days, the album has broke the US first week album sales record with 617,213 sold and proved to be a global success going to number one in 104 countries, announced Apple.
Beyonce is the fifth solo studio album from Beyonce, which was made available exclusively worldwide on the iTunes Store on 13 December by Parkwood Entertainment/Columbia Records. The self-titled set is the artist’s first visual album.
The album has 14 new songs and 17 visually stunning, provocative videos shot around the world from Houston to New York City to Paris, and cto Rio de Janeiro, all before the album’s release. The album represents Beyonce’s biggest sales week ever.
Hollywood
WBD sets April 23 vote on $110bn Paramount Skydance merger
Investor approval key step, but regulators loom over mega media deal
NEW YORK: Warner Bros. Discovery has set April 23 as the date for shareholders to vote on its proposed $110 billion merger with Paramount Skydance, marking a crucial step in one of the biggest media deals in recent years.
The all-cash transaction offers WBD shareholders $31 per share, a hefty 147 per cent premium to its unaffected stock price, signalling strong intent to push the deal across the finish line. The company’s board has unanimously backed the merger and is urging investors to vote in favour.
Even if shareholders give the green light, the deal is far from done. Regulators in the United States and Europe are expected to scrutinise the merger closely, weighing concerns around competition and potential price impacts for consumers.
To keep investors on side, WBD has built in a safety net. If the deal is not completed by September 30, shareholders will receive a quarterly “ticking fee” of $0.25 per share until closure.
The proposed merger would significantly reshape the media landscape, combining the assets of Warner Bros. Discovery with those linked to Paramount Global and Skydance Media. It would also cement the growing influence of David Ellison, who has been steering Skydance’s aggressive expansion strategy.
“The WBD Board has been guided by the singular principle of securing a transaction that maximises the value of our iconic assets and delivers as much certainty as possible to our shareholders,” said Warner Bros. Discovery board chair Samuel A. Di Piazza Jr.. “This historic transaction will expand consumer choice and create new opportunities for creative talent.”
Warner Bros. Discovery chief executive officer David Zaslav added that the company is working closely with its counterpart to close the deal and unlock value for stakeholders.
With investor backing likely but regulatory hurdles ahead, the proposed merger is shaping up to be a defining moment for the global entertainment industry, where scale, content and competition are increasingly intertwined.
