Hollywood
‘Furious 7’ production generated $47 million for Georgia’s economy
MUMBAI: The production of Universal Pictures’ Furious 7 contributed over $47 million to Georgia’s economy in payments to local businesses and workers, according to new data released.
The movie opened in theaters on 3 April. The economic impact figures also detail that the production hired 7,500 local Georgians.
Universal Pictures’ Furious 7 is the latest high-profile film to call Georgia home during production, benefiting a wide-array of local businesses across a number economic sectors. The overall spend for Furious 7 includes over $15 million for hotels and nearly $5 million for hardware and lumber supplies. In particular, the production built a number of interior sets along with exterior green-screen sets in Norcross, Georgia. This includes sets used to shoot scenes taking place at an opulent Abu Dhabi penthouse, a cement factory, federal law enforcement headquarters, and even scenes featuring a stealth helicopter.
“The entertainment industry in Georgia has experienced exceptional growth, which in turn has created a sustainable environment for the industry to continue to thrive here. Offering a pro-business environment with competitive incentives and investing in our workforce are just two of the ways that Governor Deal and the Georgia legislature have committed to the growth of the entertainment industry,” said Georgia Department of Economic Development Commissioner Chris Carr.
“The highly-skilled local crew and competitive production climate make Georgia an attractive filming location, allowing the local businesses and workers to reap significant economic benefits. The continued support and leadership of Governor Deal and the state’s lawmakers on this issue has truly enabled Georgia’s motion picture and TV industry to flourish,” said MPAA chairman and CEO Senator Chris Dodd.
Key economic impact figures from the production of Furious 7 in Georgia:
– Spent over $47 million dollars towards local businesses and wages
– Hired over 7,500 local Georgians
– Paid over $15 million on hotels and nearly $5 million on hardware and lumber supplies.
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.
