Movies
Royal Stag Barrel Select Large Short Films partners with Jio MAMI Mumbai Film Festival 2023
Mumbai: Royal Stag Barrel Select Large Short Films collaborated with Jio MAMI Mumbai Film Festival 2023, a platform that brings the best of contemporary world cinema to the City of Dreams, to celebrate the art of cinema in the short-film format. Over the course of two days (Nov 1-2) at PVR Maison, Jio World Drive BKC, the platform offered passionate filmmakers the opportunity to bring forth authentic stories and engaged audiences with stellar performances.
As part of the association, Royal Stag Barrel Select Large Short Films premiered two original short films at the festival – ‘Badminton’ (directed by Dibakar Banerjee) and ‘Next, Please’ (written-produced by Chaitanya Tamhane, directed by Rishav Kapoor). Starring Jim Sarbh, both films received a fantastic response from the audience. Equally engaging was the panel discussion that followed, where the moderator RJ Malishka spoke to the filmmakers, scriptwriters and Jim Sarbh about the significance of short format filmmaking and their association with Royal Stag Barrel Select Large Short Films platform. Other cast members, including Sayani Gupta, Vijay Maurya, Shreya Dhanwantry and Shardul Bhardwaj were also present at the premiere.
This year, Royal Stag Barrel Select Large Short Films also curated a short film contest #ForTheSelectOnes, inviting entries for 8 to 10-minute films across genres. The top 10 shortlisted entries were screened at the film festival, and the winners in two categories were acknowledged for their cinematic brilliance. Fostering a creative environment for filmmaking enthusiasts, the screenings were followed by engaging discussions about the rise of the short-film format, moderated by actor Inayat Sood and featuring the film creators. Awards for best film and best actor were also announced. Best Film winner was Summer of Soul by Sanjib Gogoi and Best Actor winner was James Elia from the film, Vakuppu (The Clause).
Jio MAMI Mumbai Film Festival head of marketing, PR and partnerships Abhishek Kumar said, “This is a very special partnership for us, and we are thankful for the continued support by Royal Stag Barrel Select Large Short Films to Jio MAMI. The curation is incredible by some established and new talent from different parts of the country. Our aim collectively is to provide a stage for filmmakers to showcase their authentic stories and further bolster the rapidly growing demand and appetite for the short film format in India.”
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.
