Hollywood
Disney pulls a Warner Bros, sets ‘Black Widow’ for simultaneous release
NEW DELHI: Taking a cue from rival Warner Bros, media & entertainment behemoth Disney has set its highly anticipated MCU outing Black Widow for a simultaneous release in cinema halls and on its premium streaming service, Disney+ Premier Access for an additional cost. After interminable delay due to the Covid2019 pandemic, Black Widow, which was initially supposed to come out last May, will now hit the big and small screen on 9 July.
With this announcement, Disney has also revealed its upcoming film Cruella will follow the same strategy, coming to theatres as well as Disney+ (via Premier Access) on 28 May. Also, Pixar’s animated movie Luca will now be skipping the silver screen and debut exclusively on Disney+ on 18 June.
The release dates of several other movies have also been pushed back – Ryan Reynolds-starrer Free Guy will now come to cinemas on 13 August, another MCU film Shang Chi and the Legend of the Ten Rings is set for 3 September, while The King’s Man will drop on 22 December. The Ben Affleck and Ana de Armas thriller Deep Water will now come out on 14 January 2022 instead of its August release; Death on the Nile, the film adaptation of the Agatha Christie mystery featuring an ensemble case, is coming next 11 February, instead of this September.
While Marvel fans may be rejoicing at this piece of good news, the mouse house's decision to defer six of its big-ticket releases comes as a blow to cinemas, which have been struggling ever since the pandemic-induced lockdowns. Moreover, the simultaneous digital release of some of these movies will undoubtedly impact theatres in terms of ticket and concession sales, while boosting the already rising fortunes of Disney+.
Disney Media & Entertainment Distribution chairman Kareem Daniel said the move “reflects our focus on providing consumer choice and serving the evolving preferences of audiences.”
It may be recalled that last year, Disney's Mulan released exclusively on Disney+ and subscribers had to shell out an additional $30 access fee to watch it. After the fact, Walt Disney Co boss Bob Chapek had been cagey about the revenues Mulan netted, though he pronounced himself "pleased" with its performance.
The pandemic has forced Disney and other entertainment companies to shift gears and recalibrate their business strategies. In December 2020, to the dismay of many industry stakeholders, WarnerMedia dramatically boosted the profile of its HBO Max streaming service when it announced that 17 movies — the entire 2021 Warner Bros slate — would be available to subscribers at the same time as cinema audiences.
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.
