Movies
PVR INOX’s Flash Sale get The Flash tickets Now
Mumbai: The era of Superheroes has dawned upon audiences with stand-out films to essay the background story of every exemplary character. For fans of DC, the long wait ends as The Flash gears up to release on 16 June 2023. Taking the excitement a notch higher, PVR INOX has announced The Flash Sale from 12 to 14 June 2023, wherein fans can book tickets at a discount of 50 per cent exclusively on the apps of PVR and INOX. Each day will comprise two 20-minute time slots wherein fans can avail of the discount. Users must be signed into the app and turn on notifications to be notified of the sale. While booking, users will have to use the code ‘FLASHSALE’ to avail the discounts.
PVR INOX’s co-CEO, Gautam Dutta shared, “The Flash is a story around time and time travel. The Flash Sale campaign is cleverly curated around the significance of time, which would excite Flash fans across the country. The Sale would also allow us to gratify the fans through handsome discounts. We are delighted to enhance the anticipation around the film through this unique digital initiative for this highly anticipated movie. We foresee great numbers for the film and look forward to welcoming fans to the cinemas. At PVR INOX, we always endeavour to provide an immersive cinematic outing for our patrons with unparalleled experiences and stellar offerings”.
Warner Bros Discovery VP and managing director – India theatrical Denzil Dias added, “We are very excited to release The Flash in cinemas on 15 June across India. The Flash has a special place in the hearts of its fans and this special initiative by PVR INOX will surely set the tone for the movie’s release. The Flash sale initiated by PVR INOX surely complements our marketing for the film and incentivises fans to be quick and speedy, just like the fastest man of the DC Universe”.
Ezra Miller, the film sees The Flash travels back in time for a crucial juncture in his life, which traps him in an alternate reality without metahumans. Audiences will also be delighted to witness Ben Affleck, Michael Keaton, and Sasha Calle play pivotal roles.
Gear up for the in-app exclusive PVR INOX sale of The Flash, commencing 12 June 2023 onwards! Users may see more details and the T&Cs of the sale on the mobile apps of PVR and INOX.
Join the fun at your nearest PVR INOX cinemas as The Flash is all set to unfold on 16 June 2023, taking fans to the lightning universe of DC.
Hollywood
Paramount Skydance secures financing for Warner Bros Discovery deal
Debt syndication and new loans push $111 billion merger closer to close
WASHINGTON: Paramount Skydance has taken a major step towards its planned acquisition of Warner Bros Discovery, securing fresh financing and completing the syndication of its bridge loan facility.
In a filing with the Securities and Exchange Commission, the company confirmed that the bridge facility has now been distributed among a group of 18 banks, reducing total commitments to $49 billion from an earlier $54 billion. The move spreads risk across lenders and signals growing confidence in one of the year’s largest media deals.
Alongside this, the company has finalised permanent financing arrangements, including $5 billion in senior term loans and a $5 billion revolving credit facility. A previously planned $3.5 billion credit line has been dropped as part of the restructuring.
The loans are secured against key assets, including Paramount Global, Skydance Media and Warner Bros post-merger, underlining the scale and complexity of the transaction.
The financing push follows a competitive bidding process earlier this year, which saw interest from players such as Netflix before Paramount Skydance emerged as the frontrunner. The deal, valued at $111 billion, is expected to close in the third quarter, subject to regulatory approvals.
Adding to the momentum, the company has also secured significant equity backing, including investments from Middle Eastern funds, with support from billionaire Larry Ellison, who has guaranteed the equity portion of the transaction.
Commenting on the development, Paramount Skydance chief strategy officer Andy Gordon said, “Our successful debt syndication and new debt facilities represent another important milestone towards the completion of our acquisition of Warner Bros Discovery.”
Once completed, the combined entity is expected to carry net debt of just under $80 billion, reflecting the sheer scale of the merger.
As Hollywood continues to consolidate in the streaming era, this deal could reshape the competitive landscape, with Paramount Skydance betting big on scale, content and financial muscle to take on global rivals.
