Hollywood
Oprah Winfrey starrer ‘Selma’ addresses racial crises and struggles
MUMBAI: Oprah Winfrey’s new movie Selma centers on a key moment in the civil rights movement of the 1960s.
The film, which is slated to open on Christmas Day this year, will mirror the struggle in the age of Ferguson and Garner and dramatise how King (David Oyelowo) rallied peacefully in 1965 against Southern racism and Alabama governor, George Wallace (Tim Roth) in order to get President Lyndon Johnson (Tom Wilkinson) to pass the voting rights act and ensure black enfranchisement.
Talking about how even today protesters fill the streets to protest police killings of unarmed black men, Winfrey says, “You look out of your window and see people protesting, and then look at Selma and it looks similar. It’s a wonderful thing that people are protesting”.
“When they say, enough is enough and that injustice anywhere is a threat to justice everywhere, it reiterates what Martin Luther King said in Selma,” she adds.
The issue is certainly close to Winfrey’s heart. Her message of empowerment is a part of everything she does. Winfrey, who herself was born poor to a family in Mississippi, began her career as a Chicago newsreader 30 years back. Today, the 60-year-old magnate is a successful talk show presenter and a multi-faceted personality.
Selma is set to release on 25 December 2014.
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.
