Hollywood
‘Exodus’ dethrones ‘The Hunger Games’ at the box office
MUMBAI: Exodus: Gods and Kings, which stars Christian Bale, in the lead has topped the U.S. box office with a whopping $24.5 million debut, leaving behind The Hunger Games: Mockingjay — Part 1, which had held the No. 1 position for the past three weeks. The Hunger Games, now it its fourth week, slid only 40 per cent, earning $13.2 million for a domestic total of $277.4 million.
While reviews of Exodus were not all positive as the makers faced criticism for casting mainly Caucasian actors, Fox points out that Exodus’ opening weekend audience was quite diverse, which is promising for the film’s future. The audience was 54 per cent male, and 65 per cent were over 25 years of age. 20 per cent of the audience were African-American while 18 per cent Latino. Top grossing theaters ranged from major metropolitan cities to smaller towns such as San Antonio. Exodus also opened in several international territories, earning $43.3 million around the globe.
Although December openings are known for their slower starts and longer burns, Exodus, which cost $140 million to make after tax breaks, has earned exactly what box office insiders had expected for the weekend. In the upcoming weeks, the movie will face strong competition from the forthcoming movies – The Hobbit: The Battle of the Five Armies, family musical Annie, Disney’s Into the Woods and Fox’s threequel Night at the Museum: Secret of the Tomb.
Hollywood
WBD sets April 23 vote on $110bn Paramount Skydance merger
Investor approval key step, but regulators loom over mega media deal
NEW YORK: Warner Bros. Discovery has set April 23 as the date for shareholders to vote on its proposed $110 billion merger with Paramount Skydance, marking a crucial step in one of the biggest media deals in recent years.
The all-cash transaction offers WBD shareholders $31 per share, a hefty 147 per cent premium to its unaffected stock price, signalling strong intent to push the deal across the finish line. The company’s board has unanimously backed the merger and is urging investors to vote in favour.
Even if shareholders give the green light, the deal is far from done. Regulators in the United States and Europe are expected to scrutinise the merger closely, weighing concerns around competition and potential price impacts for consumers.
To keep investors on side, WBD has built in a safety net. If the deal is not completed by September 30, shareholders will receive a quarterly “ticking fee” of $0.25 per share until closure.
The proposed merger would significantly reshape the media landscape, combining the assets of Warner Bros. Discovery with those linked to Paramount Global and Skydance Media. It would also cement the growing influence of David Ellison, who has been steering Skydance’s aggressive expansion strategy.
“The WBD Board has been guided by the singular principle of securing a transaction that maximises the value of our iconic assets and delivers as much certainty as possible to our shareholders,” said Warner Bros. Discovery board chair Samuel A. Di Piazza Jr.. “This historic transaction will expand consumer choice and create new opportunities for creative talent.”
Warner Bros. Discovery chief executive officer David Zaslav added that the company is working closely with its counterpart to close the deal and unlock value for stakeholders.
With investor backing likely but regulatory hurdles ahead, the proposed merger is shaping up to be a defining moment for the global entertainment industry, where scale, content and competition are increasingly intertwined.
