Hollywood
Homelands Damian Lewis will star alongside Nicole Kidman in Queen Of The Desert
MUMBAI: Damian Lewis, who has won Golden Globes and Emmys for his work as POW-turned-terrorist Nicolas Brody in Showtime’s Homeland, is near a deal to star opposite Nicole Kidman in director Werner Herzog’s Queen Of The Desert. The UK-born Lewis won’t have to hide his homegrown accent for the feature: He will play Lt. Col. Charles Doughty-Wylie, an unhappily married English war hero who engages in a turbulent affair with Gertrude Bell (Kidman), with whom he exchanged love letters with from 1913-1915 until he was killed in active duty at Gallipoli. Production is scheduled to begin in December.
Queen Of The Desert refers to Bell, the iconic explorer, writer, archeologist and attaché for the British Empire who is credited with helping to catalyse the formation of the Middle East at the dawn of the 20th century. Nick Raslan is producing through his Palmyra Films banner along with Cassian Elwes and Michael Benaroya. Benaroya Pictures banner is financing the film.
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.
