Hollywood
Naomi Kawase to preside over Cinéfondation and Short Films Jury for Festival de Cannes
NEW DLEHI: Japanese director Naomi Kawase, whose film Sweet Bean (An), had been the opening film of Un Certain Regard last year, is to preside over the Cinéfondation and Short Films Jury for its 69th edition of the Festival de Cannes.
A statement from the Festival said: “There are some directors whose careers are constantly intertwined with the Festival, much to its delight. The story with Naomi Kawase began back in 1997 when aged 27, she became the youngest winner of the Caméra d’or for her film Suzaku (Moe no Suzaku). The promise of this early discovery has since been reaffirmed time and again – as borne out by the selection in Competition of a whole series of her feature films: Shara (Sharasojyu) in 2003, The Mourning Forest (Mogari no Mori) in 2007, Hanezu (Hanezu no tsuki) in 2011 and Still the Water (Futatsume no mado) in 2014. In 2013, as a member of the Feature Film Jury, Naomi Kawase played a key role on the Croisette alongside Steven Spielberg”.
In her films Naomi Kawase uses limited budgets and prefers non-professional actors – a sign of the director’s beginnings in the documentary genre, which first brought her to prominence after she graduated from the Photography School of Osaka.
When her appointment was announced, Naomi Kawase said: “Films enrich people’s lives, and their worlds inspire new possibilities. It is a little over 100 years since the advent of films, and their potential is ever expanding. They are exceptional media that can embody the diversity of world cultures, and their stories are like another life that enchants the audiences who see them. Short films are exceptionally difficult as they face the question of how much of a story can be experienced in their short duration, while they also contain myriad possibilities yet unseen. And among films created by students there will be the discovery of hidden brilliance like a gemstone, which makes me very much look forward to participating in this jury, a journey of adventure.”
Renowned producer and director Gilles Jacob added: “From her Japanese roots, Naomi Kawase (Caméra d’or 1997) takes her extreme delicateness, refined manners and moral elegance. Her pointillist talent has helped generate a cinematic intelligence and a subtle art full of poetic mystery and graceful simplicity, conveyed through the great emotions of life and the tiny gestures of everyday existence. This year she will join a long line of great presidents of the Cinéfondation and Short Film Jury, from Martin Scorsese and Abbas Kiarostami, to Jane Campion, Hou Hsiao Hsien, John Boorman and the Dardennes brothers.”
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.
