Hollywood
‘The Imitation Game’ wins best picture at Capri Hollywood Fest
MUMBAI: The 19th annual Capri, Hollywood International Film Festival, wrapped up in Italy and honoured the best of Hollywood movies released in 2014. The Imitation Game, distributed by the Weinstein Company, won the best picture. The film stars Benedict Cumberbatch as Turing, and is directed by Morten Tyldum, with a screenplay by Graham Moore. Tyldum scooped the best director award for the film which is loosely based on the biography Alan Turing: The Enigma by Andrew Hodges.
Speaking about the award ceremony, Capri festival producer, Pascal Vicedomini said, “This year, Capri Hollywood was able to present the best of this cinematic season, many of which are contenders for year-end honors including the Golden Globes, the BAFTAs and the Academy Awards.”
The best actor award went to Timothy Spall for the movie, Mr. Turner and there was a tie between Jennifer Aniston (Cake) and Amy Adams (Big Eyes) for Best Actress.
Birdman received the Visionary Award while Boyhood picked up the Family Awary trophy. Disney’s Big Hero 6 drew the Animated Movie of the Year prize.
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.
