Hollywood
Christie partners Shanghai International Film Festival
MUMBAI: Christie will serve as the exclusive digital projection partner for the 18th Shanghai International Film Festival (SIFF) for the seventh consecutive year.
The Christie Solaria CP4230 DLP 4K Digital Cinema Projector will screen the opening and closing films at the event, which takes place from 13 – 31 June, 2015.
Known as China’s only non-specialized competitive international film festival accredited by the Paris-based Fédération Internationale des Associations de Producteurs de Films (FIAPF), the festival kicked off in style with the screening of veteran Hong Kong director Derek Yee’s new film, I Am Somebody, while China-Russian co-production Ballet in the Flames of War will close the event.
Shot on location at Zhejiang Hengdian World Studios, I Am Somebody is a comedy about the lives of extras working at China’s largest film studio. The film is self-financed by Yee and stars unknowns but has numerous star cameos, including celebrities Daniel Wu and Anita Yuen. On the other hand, closing film Ballet in the Flames of War is a romance set during the Second World War. Directed by China’s Yachun Dong and Russia’s Nikita Mikhalkov, the film opened the Chinese Film Festival in Moscow last month.
Christie Asia Pacific vice president Lin Yu said, “Christie is honored to present this premium movie-screening experience to all the guests at this year’s SIFF. With over 85 years of experience in the movie industry, Christie’s digital cinema projectors have achieved illustrious success in the entertainment industry. Every year, the best film professionals around the world gather in Shanghai for this dazzling event and we are delighted to be associated with the SIFF, which is one of the most prominent film festivals in the world.”
A star-studded lineup of local and international movie celebrities is expected to attend this year’s SIFF red carpet ceremonies, including Gong Li, Zhang Ziyi, Fan Bingbing, Yao Chen, Jackie Chan, Aaron Kwok, Leon Lai, Liu Ye and Eddie Peng.
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.
