Hollywood
Dev Patel to star in ‘Lion’ with Nicole Kidman
MUMBAI: The Slumdog Millionaire actor Dev Patel has been finalised to star with Nicole Kidman in the new The Weinstein Company drama Lion.
The drama, based on the memoir ‘A Long Way Home’ by Saroo Brierley, follows a street kid from Calcutta (Patel) who is taken in and adopted by a couple in Australia.
Garth Davis, who co-directed the Golden Globe-winning miniseries ‘Top of the Lake’ with Jane Campion, is set to helm the movie while Luke Davies, the screenwriter on Anton Corbijn’s upcoming Life, adapted the book for the screen.
In addition to Lion, Patel plays self-taught Indian math genius Srinivasa Ramanujan in Matt Brown’s period drama The Man Who Knew Infinity. He will also star in Lionsgate’s Soviet-era thriller Child 44 and The Road Within, a remake of the hit German dramedy Vincent Wants to Sea.
Patel also appears in John Madden’s upcoming The Second Best Marigold Hotel, the sequel to the 2011 hit, which Fox Searchlight will release in the US next year.
It was earlier believed that Hugh Jackman would also star in the film, but as per media reports, the actor has denied any connection to the project.
Hollywood
Paramount seeks FCC nod for foreign-backed $110 billion WBD deal
Gulf funds back merger as foreign stake nears 50 per cent, control stays with Ellison
NEW YORK: Paramount Global has approached the Federal Communications Commission seeking approval for foreign investments tied to its proposed $110 billion acquisition of Warner Bros. Discovery, marking another key step in one of the biggest media deals in recent years.
According to regulatory filings made public this week, the investment backing the deal includes major Gulf sovereign funds such as the Public Investment Fund, the Qatar Investment Authority and L’imad Holding Company. Together, foreign investors are expected to hold just under 50 per cent of Paramount’s equity once the transaction is complete.
Despite the sizeable international backing, Paramount has made it clear that voting control will remain with the family of chief executive David Ellison, ensuring the company stays firmly under US control as required by broadcasting rules.
A company spokesperson described the FCC filing as routine for transactions involving foreign capital and stressed that it does not impact the closing of the deal. Under US law, any significant foreign ownership in broadcast licence holders must undergo regulatory review.
The merger itself has already cleared a major hurdle, with Warner Bros. Discovery shareholders approving the deal on 23 April. The transaction values the company at $31 per share, a 147 per cent premium to its earlier trading price, reflecting strong strategic intent behind the tie-up.
If completed, the combined entity will bring together a vast portfolio including Warner Bros. film studios, HBO Max, and networks such as CNN, TNT and Discovery Channel. The deal is currently expected to close in the third quarter of 2026.
However, scrutiny is intensifying. The US Department of Justice has issued subpoenas seeking details on the merger’s potential impact on cinema competition, streaming services and content licensing. Reviews are also anticipated in international markets, including the United Kingdom.
There is also a financial safety net built into the agreement. If regulators ultimately block the deal, Paramount would face a $7 billion break-up fee. Additionally, the company has taken on $2.8 billion in obligations previously owed by Warner Bros. Discovery to Netflix following an earlier terminated arrangement.
Paramount maintains that easing foreign ownership barriers will unlock fresh capital and strengthen its ability to compete in a rapidly evolving media landscape. For now, the spotlight remains on regulators, whose decision will determine whether this global media consolidation moves from script to screen.
