Hollywood
Oscar makes rule change for animation
MUMBAI: The board of governors of the Academy of Motion Picture Arts and Sciences has approved rule changes for the 86th Oscars. The most significant change affects the Animated Feature Film category.
In this category, the new rule designates a maximum of two award recipients, one of whom must have a producer credit. The director and/or key creative individual shall continue to be a recipient, and in the circumstance of a two-person team with shared and equal director credit, a third statuette may be awarded.
Previously announced rules changes for the 86th Academy Awards include allowing members to see the nominated documentary shorts and foreign language films either at a theatrical screening or on DVD. Prior to the final round of voting, the Academy will provide members with DVDs of the nominated films in five categories: Foreign Language Film, Documentary Feature, Documentary Short Subject, Animated Short Film, and Live Action Short Film.
Other adjustments to the rules include standard date and other routine changes.
Rules are reviewed annually by individual branch and category committees. The awards rules committee then evaluates all proposed changes before presenting its recommendations to the Academy's board of governors for approval.
Academy Awards for outstanding film achievements of this year will be presented on 2 March, 2014, at the Dolby Theatre at Hollywood and Highland Center and televised on Star Movies and in the US on ABC. The presentation will also be televised live in more than 225 countries worldwide.
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.
