Hollywood
‘The Imitation Game’ wins People’s Choice Award at TIFF
MUMBAI: Benedict Cumberbatch starrer The Imitation Game won the People’s Choice Award at the Toronto International Film Festival (TIFF), marking the end of the 11-day movie marathon.
Set for a 21 November release in US, the biopic portrays Cumberbatch as mathematician Alan Turing, who led the effort to break the Enigma code during World War II and was later persecuted by the government for his homosexuality. Directed by Morten Tyldum, the movie also stars Keira Knightley, Matthew Goode, Mark Strong, Rory Kinnear, Charles Dance, Allen Leech and Matthew Beard.
The film beat the first runner-up Learning to Drive — a dramedy about the unlikely friendship between Patricia Clarkson’s newly separated book editor and her driving instructor.
Sponsored by Grolsch and decided by TIFF audiences, The People’s Choice Award for a feature film, is the most prestigious prize of the festival. Previous winners include 12 Years a Slave, Silver Linings Playbook, The King’s Speech and Slumdog Millionaire.
Meanwhile, the people’s choice award in the genre-driven Midnight Madness section went to New Zealand comedy maestros Taika Waititi and Jemaine Clement for their vampire mockumentary What We Do in the Shadows. Maxime Giroux’s Felix and Meira took the Canada Goose Award for Best Canadian Feature Film and Jeffrey St. Jules won the prize for best first Canadian feature film for Bang Bang Baby.
The People’s Choice Award for documentaries went to Hajooj Kuka’s Beats of the Antonov, a film that promotes peace, love and cultural expression amid the tribal wars that have afflicted Sudan for decades.
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.
