English Entertainment
HBO receives 13 screen actors guild award nominations
MUMBAI: It seems to be a proud moment for HBO as it has bagged the maximum number of nominations in the Screen Actors Guild Awards. The nominations for the 20th Annual SAG Awards was announced in Los Angles recently and HBO tops the nominations tally with 13 nominations, more than any other network and almost thrice the next closest network.
The American fantasy drama series Game Of Thrones has managed three nominations in its kitty for “Outstanding Performance by a Male Actor in a Drama Series (Peter Dinklage)”; “Outstanding Ensemble Performance in a Drama Series”; and “Outstanding Performance by a Stunt Ensemble in a Television Series”.
Boardwalk Empire, the period drama series set in the Atlantic City, New Jersey, during the Prohibition era too has got three nominations. The show stars Steve Buscemi as Nucky Thompson, who has been praised for the portrayal. It doesn’t come as a surprise then that the actor has been nominated for “Outstanding Performance by a Male Actor in a Drama Series (Steve Buscemi)”. The other nominations are “Outstanding Ensemble Performance in a Drama Series”; and “Outstanding Performance by a Stunt Ensemble in a Television Series”.
The previous season of the comedy series, Veep starring Julia Louis-Dreyfus, has already won quite a few Emmy nominations. Even now, it has got two SAG nominations of “Outstanding Performance by a Female Actor in a Comedy Series (Julia Louis-Dreyfus)’; and “Outstanding Ensemble Performance in a Comedy Series”.
Michael Douglas, who with his role as Liberace in Behind The Candelabra, won worldwide critical acclaim with Matt Damon starring as the later singer’s lover Scott Thorson has also been nominated .
Behind The Candelabra has two nominations: Outstanding Performance by a Male Actor in a Television Movie or Miniseries (Matt Damon and Michael Douglas).
Phil Spector, a drama centered on the relationship between Phil Spector and defense attorney Linda Kenney Baden while the music business legend was on trial for the murder of Lana Clarkson, has also won two nominations: “Outstanding Performance by a Female Actor in a Television Movie or Miniseries (Helen Mirren)”; and “Outstanding Performance by a Male Actor in a Television Movie or Miniseries (Al Pacino)”.
And it isn’t a surprise at all to know that Jeff Daniels, who has already been appreciated for his portrayal of Will McAvoy in The Newsroom, has been nominated for “Outstanding Performance by a Male Actor in a Drama Series”.
English Entertainment
Warner Bros. Discovery shareholders approve Paramount deal
Investors wave through a $111 billion megamerger but deliver a stinging, if toothless, rebuke over half-a-billion-dollar goodbye packages
NEW YORK: The shareholders said yes to the deal. They said no to the cheque. At a virtual special meeting on Thursday that lasted barely ten minutes, Warner Bros. Discovery investors voted overwhelmingly to approve Paramount Skydance’s $111 billion acquisition of the company — and then turned around and voted against the lavish exit pay packages lined up for chief executive David Zaslav and his fellow outgoing executives.
Not that it will make much difference. The compensation vote is purely advisory and non-binding. The Warner Bros. Discovery board can, and almost certainly will, pay out as planned.
But the symbolism stings. It is the second consecutive year that WBD shareholders have voted against the executive compensation packages, and this time they had good reason. Zaslav’s exit deal is, by any measure, extraordinary. Under the terms filed with the Securities and Exchange Commission, he is set to receive $34.2 million in cash severance, $517.2 million in equity in the combined company, and $44,195 in continued health coverage — a total of at least $550 million. On top of that, Warner Bros. Discovery has agreed to reimburse Zaslav up to $335 million for taxes assessed by the Internal Revenue Service on his accelerated stock vesting, though the company says that figure will decline depending on when the deal closes. As of March 11, Zaslav also held $115.85 million in vested WBD stock awards — and last month sold a further $114 million worth of WBD shares.
Shareholder advisory firm ISS recommended voting against the compensation measure, citing “problematic” tax reimbursements to Zaslav and the full vesting of his stock awards.
Zaslav will be bound by a two-year non-competition covenant and a two-year non-solicitation of customers and employees after the deal closes.
His lieutenants are not walking away empty-handed either. J.B. Perrette, chief executive and president of global streaming and games, is in line for $142 million, comprising $18.2 million in cash severance and $123.9 million in equity. Bruce Campbell, chief revenue and strategy officer, will receive an estimated $121.5 million, including $18.8 million in severance and $102.7 million in equity. Chief financial officer Gunnar Wiedenfels is set for $120 million, made up of $6.6 million in cash severance and $113.1 million in equity. Gerhard Zeiler, president of international, will get $82.6 million, including $11.9 million in severance and $70.7 million in equity.
The deal itself, clinched in February after Netflix declined to raise its bid for Warner Bros., still needs regulatory clearance from the Justice Department and European authorities. Several state attorneys general are also weighing legal action to block it.
Senator Elizabeth Warren, Democrat of Massachusetts, was unsparing. “The Paramount-Warner Bros. merger isn’t a done deal,” she said after the shareholder vote. “State attorneys general across the country are stepping up to stop this antitrust disaster. We need to keep up this fight.”
If it does go through, the combined entity would be a formidable beast, bringing together Paramount Skydance’s stable — CBS, CBS News, Paramount Pictures, Paramount+, BET, MTV and Nickelodeon — with WBD’s portfolio of HBO, Max, Warner Bros. film and TV studios, DC, CNN, TBS, TNT, HGTV and Discovery+. Paramount has said it expects $6 billion in cost savings from the merger, which is Wall Street shorthand for mass layoffs on a significant scale.
The ten-minute meeting was presided over by chairman Samuel Di Piazza Jr., with Zaslav, Campbell, Wiedenfels and chief communications officer Robert Gibbs in virtual attendance. Di Piazza was bullish. “We appreciate the support and confidence our stockholders have placed in us to unlock the full value of our world-class entertainment portfolio,” he said. “With Paramount, we look forward to creating an exceptional combined company that will expand consumer choice and benefit the global creative talent community.”
Zaslav echoed the sentiment. “Over the past four years, our teams have transformed Warner Bros. Discovery and returned the company to industry leadership,” he said. “Today’s stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders.”
Paramount Skydance struck a similar note. “Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros. Discovery,” it said in a statement, adding that it looked forward to “closing the transaction in the coming months.”
The shareholders have spoken on the merger. On the pay, they were ignored before the vote was even counted.
