Hollywood
Sony mulls alternate distribution options for ‘The Interview’
NEW DELHI: Sony Pictures is still considering options for distributing controversial comedy The Interview following the decision to pull its theatrical release in the wake of a rumoured North Korean hacking attack.
David Boies, speaking on NBC’s Meet the Press, said Sony had “only delayed” any release. “Sony has been fighting to get this picture distributed. It will be distributed,” Boies claimed. “How it’s going to be distributed, I don’t think anybody knows quite yet, but it’s going to be distributed.”
Midweek, following the theatres owners’ decision not to screen the movie, Sony Pictures said it had “no further release plans for the film,” and company representatives declined to elaborate on Boies’ remarks.
Nevertheless, Sony did refute a New York Post report that it was seeking to release the film for free via ad-supported online video site Crackle, which it owns. “No decisions have been made. Sony is still exploring options for distribution,” said a spokesman.
Sony Entertainment CEO Michael Lynton told CNN on Friday 19 December that the studio had not “given in” to pressure from hackers and was still considering ways to distribute the movie.
Hollywood
WBD sets April 23 vote on $110bn Paramount Skydance merger
Investor approval key step, but regulators loom over mega media deal
NEW YORK: Warner Bros. Discovery has set April 23 as the date for shareholders to vote on its proposed $110 billion merger with Paramount Skydance, marking a crucial step in one of the biggest media deals in recent years.
The all-cash transaction offers WBD shareholders $31 per share, a hefty 147 per cent premium to its unaffected stock price, signalling strong intent to push the deal across the finish line. The company’s board has unanimously backed the merger and is urging investors to vote in favour.
Even if shareholders give the green light, the deal is far from done. Regulators in the United States and Europe are expected to scrutinise the merger closely, weighing concerns around competition and potential price impacts for consumers.
To keep investors on side, WBD has built in a safety net. If the deal is not completed by September 30, shareholders will receive a quarterly “ticking fee” of $0.25 per share until closure.
The proposed merger would significantly reshape the media landscape, combining the assets of Warner Bros. Discovery with those linked to Paramount Global and Skydance Media. It would also cement the growing influence of David Ellison, who has been steering Skydance’s aggressive expansion strategy.
“The WBD Board has been guided by the singular principle of securing a transaction that maximises the value of our iconic assets and delivers as much certainty as possible to our shareholders,” said Warner Bros. Discovery board chair Samuel A. Di Piazza Jr.. “This historic transaction will expand consumer choice and create new opportunities for creative talent.”
Warner Bros. Discovery chief executive officer David Zaslav added that the company is working closely with its counterpart to close the deal and unlock value for stakeholders.
With investor backing likely but regulatory hurdles ahead, the proposed merger is shaping up to be a defining moment for the global entertainment industry, where scale, content and competition are increasingly intertwined.
