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 seeks FCC nod for foreign-backed $110 billion WBD deal
Gulf funds back merger as foreign stake nears 50 per cent, control stays with Ellison
NEW YORK: Paramount Global has approached the Federal Communications Commission seeking approval for foreign investments tied to its proposed $110 billion acquisition of Warner Bros. Discovery, marking another key step in one of the biggest media deals in recent years.
According to regulatory filings made public this week, the investment backing the deal includes major Gulf sovereign funds such as the Public Investment Fund, the Qatar Investment Authority and L’imad Holding Company. Together, foreign investors are expected to hold just under 50 per cent of Paramount’s equity once the transaction is complete.
Despite the sizeable international backing, Paramount has made it clear that voting control will remain with the family of chief executive David Ellison, ensuring the company stays firmly under US control as required by broadcasting rules.
A company spokesperson described the FCC filing as routine for transactions involving foreign capital and stressed that it does not impact the closing of the deal. Under US law, any significant foreign ownership in broadcast licence holders must undergo regulatory review.
The merger itself has already cleared a major hurdle, with Warner Bros. Discovery shareholders approving the deal on 23 April. The transaction values the company at $31 per share, a 147 per cent premium to its earlier trading price, reflecting strong strategic intent behind the tie-up.
If completed, the combined entity will bring together a vast portfolio including Warner Bros. film studios, HBO Max, and networks such as CNN, TNT and Discovery Channel. The deal is currently expected to close in the third quarter of 2026.
However, scrutiny is intensifying. The US Department of Justice has issued subpoenas seeking details on the merger’s potential impact on cinema competition, streaming services and content licensing. Reviews are also anticipated in international markets, including the United Kingdom.
There is also a financial safety net built into the agreement. If regulators ultimately block the deal, Paramount would face a $7 billion break-up fee. Additionally, the company has taken on $2.8 billion in obligations previously owed by Warner Bros. Discovery to Netflix following an earlier terminated arrangement.
Paramount maintains that easing foreign ownership barriers will unlock fresh capital and strengthen its ability to compete in a rapidly evolving media landscape. For now, the spotlight remains on regulators, whose decision will determine whether this global media consolidation moves from script to screen.
