Hollywood
Lionsgate inks movie output deal with Disney’s Buena Vista for Russia
MUMBAI: Reflecting its continued growth in a major international territory, Lionsgate has forged an output deal with Disney’s Buena Vista International (BVI), for distribution of its titles in Russia and the rest of the Commonwealth of Independent States (CIS).
The agreement will kick off with Lionsgate’s revenge thriller Sicario this fall and will also encompass titles as: Francis Lawrence’s adventure fantasy, The Odyssey; the first live action Saban’s Power Rangers film; and the film adaptation of Hasbro’s Monopoly.
“We’re thrilled to expand our relationship with Buena Vista International through this output agreement in a major territory with enormous upside. We’re pleased to continue building our BVI relationship with a powerful, commercially exciting slate loaded with blockbuster tentpoles, potential franchises and star-driven event films,” said Lionsgate Motion Picture Group co-chairs Patrick Wachsberger and Rob Friedman and Lionsgate International COO Andrew Kramer.
“BVI’s stature, experience and tremendous track record coupled with Lionsgate’s diverse film portfolio promise significant upside for both companies. This new output agreement reflects our commitment to Russia and our continued emergence as a creative force in the global marketplace,” added Lionsgate EVP of international sales Crystal Bourbeau.
Lionsgate previously teamed with BVI on Summit Entertainment label films including the Japanese release of the action thriller Red, the release of the Step Up franchise in Japan and the Spanish and Japanese releases of Source Code and Tree of Life. Most recently, both companies announced that they will be launching the fourth installment of the global blockbuster The Hunger Games franchise, The Hunger Games: Mockingjay – Part 2, on 19 November in Russia and CIS.
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.
