Hollywood
The Wolverine had plenty of bark at the box office, and just enough bite
MUMBAI: The sixth installment of the X-Men franchise clawed its way to $55 million this weekend, according to studio estimates from box-office trackers Hollywood.com.
While the debut was plenty to win the weekend – there were no other major newcomers as studios cleared a path for the comic-book adaptation – the opening fell short of analysts’ projections, which called for a bow of at least $65 million.
Still, it snapped the string of high-priced live-action films that couldn’t claim the weekend crown. Last week, the $20 million horror flick The Conjuring opened to $42 million, crushing the $130 million supernatural film R.I.P.D., which debuted to a dismal $13 million. Similarly, Pacific Rim ($37 million), The Lone Ranger ($29 million) and White House Down ($25 million) opened well below projections, falling to cheaper movies and animated films.
While Wolverine’s opening was solid for a sixth franchise installment, analysts wondered whether moviegoers are suffering mutant fatigue. The previous Wolverine film, 2009’s X-Men Origins: Wolverine, debuted to $85 million.
But the new film resonated with viewers, which could help its run through a typically arid August at theaters. About 68 per cent of critics gave Wolverine a thumbs-up, and the movie scored an A-minus from moviegoers, says grading site CinemaScore.
Among the holdovers, Conjuring took second with $22.1 million, followed by the animated comedy Despicable Me 2 with $16 million.
The animated Turbo was fourth with $13.3 million, while Adam Sandler’s comedy Grown Ups 2 rounded out the top five with $11.5 million.
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.
