Hollywood
Mark Ruffalo to visit MAMI this year
MUMBAI: Avengers: Age of Ultron star Mark Ruffalo, who plays Hulk in the movie, is likely to be a part of the Mumbai Film Festival (MAMI) this year.
Ruffalo said, “I received an invitation a couple of days ago and am figuring out the dates. I’m really excited about the festival. I have heard a lot about Bollywood and it’d be great if I could visit Mumbai.”
Ruffalo will reprise his role of The Hulk and he was excited to be on set with his fellow Avengers actors and experience again the camaraderie that had formed among all of them. “We all as actors went on this journey together, through this wild thing that became The Avengersand this successful thing and then everyone going off and having all these other successes that spun out of it, and there’s a lot of goodwill between us. So coming back after being away and seeing each other was a very sweet reunion and working together was a lot of fun. There’s a lot of goofing around and a lot of playfulness and digging in when it’s time to dig in on it, so I think that some of the best, most exciting stuff is when they are all together,” he said.
Marvel Studios’ Avengers: Age of Ultron stars Robert Downey Jr., who returns as Iron Man, along with Chris Hemsworth as Thor, Ruffalo as Hulk and Chris Evans as Captain America. Together with Scarlett Johansson as Black Widow and Jeremy Renner as Hawkeye, and with the additional support of Don Cheadle as James Rhodes/War Machine, Cobie Smulders as Agent Maria Hill, Stellan Skarsg?rd as Erik Selvig and Samuel L. Jackson as Nick Fury, the team must reassemble to defeat James Spader as Ultron, a terrifying technological villain hell-bent on human extinction. Along the way, they confront two mysterious and powerful newcomers, Pietro Maximoff, played by Aaron Taylor-Johnson, and Wanda Maximoff, played by Elizabeth Olsen and meet an old friend in a new form when Paul Bettany becomes Vision.
Written and directed by Joss Whedon and produced by Kevin Feige,Avengers: Age of Ultron is based on the Marvel comic book series The Avengers, first published in 1963. The movie is set to release on 24 April, 2015.
Hollywood
Paramount Skydance to fuse HBO Max and Paramount+ in $110 billion megadeal
Ellison vows reinvention, not retrenchment, as combined group eyes 200m subscribers and $69 billion revenue
LOS ANGELES: Streaming’s latest land grab is colossal. Paramount Skydance Corp. will combine HBO Max and Paramount+ into a single platform after signing a $110 billion deal to acquire Warner Bros. Discovery Inc..
The transaction, formally inked on 27 February, is expected to close in the third quarter, subject to shareholder and regulatory approval. Paramount agreed to pay $31 per share in cash, fending off rival suitors including Netflix Inc..
On a conference call, chief executive officer David Ellison confirmed the streaming tie-up. HBO Max, with 131m subscribers, and Paramount+, with 79m, would be merged into one platform. Yet HBO, he stressed, would endure as a brand even after integration.
“Across the two platforms, there are over 200 million D2C subscribers today in more than 100 countries and territories worldwide, positioning us to compete effectively with the leading streaming services in today’s marketplace,” Ellison said.
The pitch is scale with swagger. The combined entity expects to generate $69 billion in pro-forma revenue in 2026, with estimated earnings before interest, taxes, depreciation and amortisation of $18 billion, according to chief financial officer Dennis Cinelli. Net debt is projected at $79 billion.
Ellison was emphatic that the strategy is expansionary. The group is targeting at least 30 theatrical releases annually across its studios and does not plan to cut production. “This is not about consolidation, it’s about reinventing the business,” he said.
Sport will be central to that reinvention. Ellison highlighted rights to the National Football League, Ultimate Fighting Championship, March Madness, the PGA Tour and the Olympics in Europe. A previously signed $7.7 billion UFC deal offers flexibility to air events on Warner Bros.’ TNT network, he added.
The future of certain legacy investments remains murky. Warner Bros. Discovery holds less than 10 per cent of AEW, whose television rights deal for TBS, TNT and HBO Max runs through 2027, with an option to extend to 2028. It is unclear whether that stake would be divested or retained post-merger.
Paramount said it has no plans to spin off its cable networks. A shareholder vote is expected in the spring, chief operating officer Andy Gordon said.
Funding the takeover is as muscular as the ambition. Paramount has secured $47 billion in equity backed by the Ellison family and RedBird Capital Partners, alongside $54 billion in borrowing from Bank of America, Citigroup and Apollo Global Management Inc..
Investors were cautious. Paramount shares slipped 1.9 per cent to $13.26 in morning trading in New York.
If regulators sign off, the deal will redraw the streaming map — welding together premium drama, blockbuster film, live sport and global distribution under one roof. In the battle for eyeballs, Paramount Skydance is betting that bigger is not just better, but unbeatable.
