Hollywood
Sony Pictures Entertainment appoints Matt Milam as VP – creative productions
NEW DELHI: Sony Pictures Entertainment has appointed Matt Milam as vice-president of creative productions.
Prior to this, Milam was with Skydance, where he served as vice president of production. He has earlier also been with Warner Bros.
“We are tremendously excited about Matt joining the Columbia team. We have followed his career from Warners to Skydance and have been utterly impressed with both his talent and his taste,” Sony Pictures Entertainment president of production Michael De Luca.
Milam most recently worked on the Dean Devlin project Geostorm at Skydance. Earlier at Warner Bros, he had handled projects that included Clash of the Titans, Wrath of the Titans, Terminator Salvation and The Informant.
Prior to Warner Bros., Milam acted as creative executive at Mandate Pictures, helping oversee Harold and Kumar Escape From Guantanamo Bay, The Grudge 2 and 30 Days of Night. He was co-producer on Boogeyman 2, for which he oversaw the development, production and post-production.
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.
