Hollywood
Caleb Deschanel to receive Lifetime Achievement Award at Camerimage
NEW DELHI: Five-time Oscar nominee Caleb Deschanel will receive the coveted ‘Lifetime Achievement Award’ at this year’s Camerimage, the International Film Festival of the Art of Cinematography.
The Festival is being held from 15 to 22 November in Poland.
The legendary cinematographer and film/TV director will also screen his films at the event followed by a Q&A with the audience at the 22nd edition of the popular Festival.
With over four decades of experience in the industry, Deschanel has been nominated for five Academy Awards for acclaimed features like Philip Kaufman’s ‘The Right Stuff’, Barry Levinson’s ‘The Natural’, Carroll Ballard’s ‘Fly Away Home’, Roland Emmerich’s ‘The Patriot’ and Mel Gibson’s ‘The Passion of the Christ’. In 2010, he was awarded the ASC Lifetime Achievement Award by the American Society of Cinematographers.
Deschanel directed his first feature film ‘The Escape Artist’ in 1982, and later, ‘Crusoe’ in 1989. He has also directed episodes for various TV shows including the David Lynch series ‘Twin Peaks’, ‘Law & Order: Trial by Jury’, ‘Conviction’ and ‘Bones’
Deschanel was an original member of the American Zoetrope production team, along with George Lucas and Francis Ford Coppola.
The International Film Festival of the Art of Cinematography is the most recognised festival dedicated to the art of cinematography and is the biggest international film festival in Poland. The unconventional format of the Festival, which awards films according to their visual, aesthetic and technical values, is a unique alternative to traditional film festivals.
In addition to the Main Competition, the Festival offers a Polish Films Competition, Student Etudes Competition, Documentary Films Competition, Feature Debuts Competition, Music Videos Competition, Camerimage Market, Camerimage Forum, special screenings and premieres, various reviews, retrospectives, meetings and also accompanying events such as art exhibitions and music performances.
Hollywood
Paramount Skydance secures financing for Warner Bros Discovery deal
Debt syndication and new loans push $111 billion merger closer to close
WASHINGTON: Paramount Skydance has taken a major step towards its planned acquisition of Warner Bros Discovery, securing fresh financing and completing the syndication of its bridge loan facility.
In a filing with the Securities and Exchange Commission, the company confirmed that the bridge facility has now been distributed among a group of 18 banks, reducing total commitments to $49 billion from an earlier $54 billion. The move spreads risk across lenders and signals growing confidence in one of the year’s largest media deals.
Alongside this, the company has finalised permanent financing arrangements, including $5 billion in senior term loans and a $5 billion revolving credit facility. A previously planned $3.5 billion credit line has been dropped as part of the restructuring.
The loans are secured against key assets, including Paramount Global, Skydance Media and Warner Bros post-merger, underlining the scale and complexity of the transaction.
The financing push follows a competitive bidding process earlier this year, which saw interest from players such as Netflix before Paramount Skydance emerged as the frontrunner. The deal, valued at $111 billion, is expected to close in the third quarter, subject to regulatory approvals.
Adding to the momentum, the company has also secured significant equity backing, including investments from Middle Eastern funds, with support from billionaire Larry Ellison, who has guaranteed the equity portion of the transaction.
Commenting on the development, Paramount Skydance chief strategy officer Andy Gordon said, “Our successful debt syndication and new debt facilities represent another important milestone towards the completion of our acquisition of Warner Bros Discovery.”
Once completed, the combined entity is expected to carry net debt of just under $80 billion, reflecting the sheer scale of the merger.
As Hollywood continues to consolidate in the streaming era, this deal could reshape the competitive landscape, with Paramount Skydance betting big on scale, content and financial muscle to take on global rivals.
