Hollywood
Essel Vision bags distribution rights of Lionsgate’s ‘The Last Witch Hunter’
MUMBAI: Zee Entertainment Enterprises Limited’s (Zeel) content studio, Essel Vision Productions has acquired the distribution and marketing rights of Lionsgate’s supernatural thriller The Last Witch Hunter starring Vin Diesel.
Essel Vision recently revealed the first look of the movie to moviegoers in India.
The company will release the film in theatres across India a day prior to its worldwide release on Thursday, 22 October, 2015. The Last Witch Hunter features an ensemble cast led by Diesel, Academy Award-winning Michael Caine and Rose Leslie, widely acclaimed for her role as Ygritte in the blockbuster series Game of Thrones. The film is directed by Breck Eisner.
Essel Vision Studio business head Akash Chawla said, “We’re always looking to collaborate with the most successful content companies in the world as well as to give new filmmakers an opportunity to showcase their work. Following our successful ventures into television, short form content, Bollywood, regional cinema and music, our exclusive deal with global content leader Lionsgate to handle all the marketing and distribution of The Last Witch Hunter in India cements our leadership in handling Hollywood blockbusters as well.”
“Vin Diesel is one of the biggest action heroes on the planet. Following the record-breaking success of Furious 7, his next film is breathlessly anticipated by his fans here in India and around the world. Today’s sneak peek marks the first step in our innovative and aggressive marketing campaign to ensure that the film receives the mammoth reception it deserves,” added Chawla.
“The Last Witch Hunter showcases action superstar Vin Diesel at his exciting best, and we’re delighted to partner with our friends at Zee Entertainment to bring his latest thriller to Indian moviegoers,” said Lionsgate Motion Picture Group co-chairs Patrick Wachsberger and Rob Friedman.
“The large and fast-growing Indian marketplace offers tremendous opportunities. With their marketing prowess and distribution expertise, Zee Entertainment is the right partner, The Last Witch Hunter is the right film and Vin Diesel is the right superstar to help us conquer the box office there,” they said.
Essel Vision will also make its foray into Hindi motion pictures in October with the release of Jazbaa, starring Aishwarya Rai Bachchan and Irrfan Khan, which is being directed by Sanjay Gupta.
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.
