Hollywood
People Magazine accidentally publishes obituary of Kirk Douglas
NEW DELHI: People Magazine accidentally published its pre-written obituary for renowned actor Kirk Douglas on Sunday night.
Reporting this, Variety of the United States said,“It is not uncommon for major publications to write their elaborate obituaries in advance, and People Magazine clearly did not mean to run the story as evident from the “DO NOT PUB” in the headline.
However, Kirk Spartacus Douglas and his family members are not happy. Douglas, who turns 98 next week, is not the first celebrity ‘death’ botched by People.
In 1982, Abe Vigoda was erroneously referred to as “the late Abe Vigoda” in People Magazine, which became a running joke about Vigoda on talk shows like “Late Night with Conan O’Brien.” Vigoda is, of course, still alive.
Bloomberg made a similar obituary gaffe when it published news of Steve Jobs’ death in 2008 three years before the Apple co-founder’s actually passing away in 2011. The editors of Bloomberg quickly posted a retraction and apologized for the mistake.
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.
