Hollywood
Legendary David Frost is no more
MUMBAI: Sir David Frost, the veteran broadcaster and writer, died of a suspected heart attack while traveling aboard the Queen Elizabeth where he was delivering a speech on Saturday night, according to the BBC. He was 74.
Frost’s long career spanned journalism, heavy-hitting TV interviews, game show hosting and comedy writing. He notably conducted a series of televised sit-downs with former president Richard Nixon in 1977. They were the basis of a 2006 play by Peter Morgan, which was then adapted as Ron Howard’s 2008 film, Frost/Nixon.
Michael Sheen played Frost and the film was nominated for five Oscars. In the early 1960s, Frost hosted the satirical program That Was The Week That Was on the BBC and also featured on an American version for NBC from 1964-1965. In 1968, he helped launch London Weekend Television, which is now part of ITV.
His other on-air TV credits included The Frost Report, The David Frost Show, Through The Keyhole, Breakfast With Frost and, more recently, Frost Over The World for Al Jazeera English.
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.
