Hollywood
Steven Spielberg’s ‘Ready Player One’ to release in December 2017
MUMBAI: The game is on in 2017. Warner Bros. Pictures, Village Roadshow Pictures and DreamWorks Pictures’ Ready Player One – the sci-fi action adventure to be directed by Steven Spielberg – has been slated for release on 15 December, 2017.
A three-time Academy Award winner, Spielberg is directing Ready Player One, based on Ernest Cline’s bestseller of the same name, which has become a worldwide phenomenon. The film is being produced by Spielberg; Donald De Line, under his De Line Pictures banner; Dan Farah; and Spielberg’s longtime colleague Kristie Macosko Krieger; with Bruce Berman serving as executive producer. De Line and Farah originally brought the project to Warner Bros.
Ready Player One marks a return to Warner Bros. for Spielberg, who previously directed the studio’s Empire of the Sun, The Color Purple and A.I. Artificial Intelligence, in addition to producing the hits Gremlins and The Goonies.
Warner Bros president, domestic distribution Dan Fellman said, “Any film from Steven Spielberg is an event film, so it felt right to date this thrilling new project from one of our greatest filmmakers for the holiday season.”
Warner Bros president, worldwide marketing and distribution Sue Kroll added, “From the success of the book, Ready Player One already has a devoted following, and we’re excited for its fans and moviegoers everywhere to see this fantastically innovative story come to life. We know it couldn’t be in better hands, and look forward to working with Steven and the producers to bring it to the big screen.”
Warner Bros. Pictures president, worldwide distribution Veronika Kwan Vandenberg said, “There are few directors with the global stature of Steven Spielberg, so we are thrilled to be delivering his latest adventure to audiences worldwide.”
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.
