Hollywood
Fourteen films make it to co-production Forum of San Sebastian
NEW DELHI: Fourteen projects from a total of 181 projects submitted from 22 countries are taking part in the third Europe-Latin America Co-Production Forum as part of the 67th San Sebastian International Film Festival.
The Forum will be held from 22 to 24 September. The selected films are largely from Latin American countries including Argentina, Belgium, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, France, Guatemala, Mexico, Panama, Peru, Puerto Rico, Spain, Sweden, United Kingdom, Uruguay and Venezuela.
During the Forum, those responsible for the projects will work to a busy meeting agenda with industry professionals from across the world. The aim by attending the Forum is to make contact with potential co-producers, financial partners and sales agents in order to complete their funding and ensure their international production and distribution.
In addition, and as part of the festival’s collaboration with the Ibermedia Programme, a project selected in the workshop to develop film projects from Central America and the Caribbean will also participate in the Co-Production Forum.
The Europe-Latin America Co-Production Forum is fostered by the Basque Government Department of Economic Development and Competitiveness and the Ministry of Industry, Energy and Tourism.
As in previous editions, the final selection includes projects by directors and producers of recognised prestige alongside others by new directors and recently created production companies. Nine of the 17 projects presented in 2012 have been completed, while three of the 16 presented in 2013 have been filmed, and shooting is expected to start on another six in the coming months.
For the second year running, the EGEDA Award for Best Project at the Europe-Latin America Co-production Forum 2014 will be presented. The Award comes with a cash prize of €10,000 and is sponsored by EGEDA, the Audiovisual Producer’s Rights Management Association.
As a new feature this year, the Festival will also organise a Focus on Canada with Telefilm Canada. A delegation of 12 Canadian producers will come to San Sebastian to experience the Festival in person, make professional contacts and participate in the Co-production Forum and the other Industry Club activities.
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.
