Hollywood
India & China lead nominations for Asian Film Awards in Macau
NEW DELHI: Three Indian films share seven nominations among 42 films nominated in 14 categories for the Asian Film Awards this year.
Haider has four nominations. In addition to Best Film, Haider is recognised for its director Vishal Bhardwaj, supporting actress Tabu, and production design.
Margarita, With a Straw is recognised for Kalki Koechlin’s performance and its score.
Court is nominated for director Chaitanya Tamhane’s screenplay.
The awards are returning to Macau on 25 March this year. In sharp contrast to December’s Asia Pacific Screen Awards (APSA), there are no nominations shared with the remainder of Asia or the Middle East. The festival defines the Asian Region as “East of the Suez”. It still maintains several voting members from Iran, a country that has previously won big at the awards.
With five nominations, Ann Hui’s biographical drama The Golden Era (China – Hong Kong) has the highest number of nominations for any single film, but it has not been recognised for Best Film.
Overall, films from China – including Hong Kong co-productions – are the most recognised with 26 nominations out of 74 in all categories. Three local Hong Kong films – That Demon Within, Golden Chickensss and The Midnight After -score an additional three nominations.
Along with Haider, China’s Black Coal, Thin Ice and Blind Massage are the next most recognised films, with four nominations apiece. They will compete for Best Film with Japan’s The Light Shines Only There and from South Korea, Hill of Freedom and Ode to My Father.
Three China co-productions received four nominations apiece: Diao Yi’nan Black Coal, Thin Ice, Lou Ye’s Blind Massage and Jiang Wen’s Gone with the Bullets. Tsui Hark’s The Taking of Tiger Mountain 3D received three nominations; Zhang Yimou’s Coming Home has two nominations, for actresses Gong Li and Zhang Huiwen.
From South Korea, 10 films have received 16 nominations. Two films received three nominations apiece: Hong Sang-soo’s Hill of Freedom (including Best Actor for Japan’s Kase Ryo) and Kim Seong-hun’s A Hard Day. The two films screened in Venice and Cannes last year.
From Japan, 12 films have received 15 nominations. Only two films received more than one nomination: Oh Mipo’s The Light Shines Only There and Miike Takashi’s Over Your Dead Body. In addition to Best Film, Oh’s film is nominated for Takada Ryo’s screenplay and Ikewaki Chizuru’s supporting actress performance.
The cinema of Southeast Asia is almost completely overlooked in the nominations. Just two films are recognised: Indonesia’s The Raid 2 directed by Gareth Evans, and the Philippines’ From What is Before directed by Lav Diaz. Diaz has a Best Director nominee for his 338-minute drama.
Hollywood
Paramount seeks FCC nod for foreign-backed $110 billion WBD deal
Gulf funds back merger as foreign stake nears 50 per cent, control stays with Ellison
NEW YORK: Paramount Global has approached the Federal Communications Commission seeking approval for foreign investments tied to its proposed $110 billion acquisition of Warner Bros. Discovery, marking another key step in one of the biggest media deals in recent years.
According to regulatory filings made public this week, the investment backing the deal includes major Gulf sovereign funds such as the Public Investment Fund, the Qatar Investment Authority and L’imad Holding Company. Together, foreign investors are expected to hold just under 50 per cent of Paramount’s equity once the transaction is complete.
Despite the sizeable international backing, Paramount has made it clear that voting control will remain with the family of chief executive David Ellison, ensuring the company stays firmly under US control as required by broadcasting rules.
A company spokesperson described the FCC filing as routine for transactions involving foreign capital and stressed that it does not impact the closing of the deal. Under US law, any significant foreign ownership in broadcast licence holders must undergo regulatory review.
The merger itself has already cleared a major hurdle, with Warner Bros. Discovery shareholders approving the deal on 23 April. The transaction values the company at $31 per share, a 147 per cent premium to its earlier trading price, reflecting strong strategic intent behind the tie-up.
If completed, the combined entity will bring together a vast portfolio including Warner Bros. film studios, HBO Max, and networks such as CNN, TNT and Discovery Channel. The deal is currently expected to close in the third quarter of 2026.
However, scrutiny is intensifying. The US Department of Justice has issued subpoenas seeking details on the merger’s potential impact on cinema competition, streaming services and content licensing. Reviews are also anticipated in international markets, including the United Kingdom.
There is also a financial safety net built into the agreement. If regulators ultimately block the deal, Paramount would face a $7 billion break-up fee. Additionally, the company has taken on $2.8 billion in obligations previously owed by Warner Bros. Discovery to Netflix following an earlier terminated arrangement.
Paramount maintains that easing foreign ownership barriers will unlock fresh capital and strengthen its ability to compete in a rapidly evolving media landscape. For now, the spotlight remains on regulators, whose decision will determine whether this global media consolidation moves from script to screen.
