Hollywood
Shoojit Sircar’s 3 movies to be screened at Indian Film Festival in Russia
MUMBAI: The Indian Film Festival in Russia (IFFR) will screen three of director Shoojit Sircar’s movies namely Vicky Donor, Piku, and Madras Café. The film festival of Indian Films in Moscow will be held from 3-6 September, 2015.
Actor and singer Ayushmann Khurrana will be accompanying Sircar for the screening of their much appreciated movie Vicky Donor on the second day of the festival.
IFFR is aimed at bridging the gap between the two entertainment industries in the world – Russia and India. The festival will include top Bollywood blockbusters and celebrities from the Indian film fraternity. The choice of movies is intended to showcase the very wide range of cinema that emerges from Mumbai, the heart of the Indian film industry.
The IFFR aims to develop a deeper understanding and appreciation of Indian cinema and culture in the 21st century. The new generation of Indian producers and directors is now seeking to re-launch Indian cinema on Russia’s big screen.
The four-day festival will not only showcase a select number of recently released popular Hindi movies, but will also feature live classical music and dance performances by Russian artistes and Indian Kathak and Bharatanatyam dance groups.
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.
