Hollywood
Tom Hanks brings real life sea adventure to reel with Captain Phillips
UMBAI: Two-time Oscar winner Tom Hanks will soon be seen playing the titular role in Sony Pictures’ upcoming adventure drama Captain Phillips. The movie is not just making news for its riveting storyline but is also being pegged as Hanks’ third shot at the Oscars for his portrayal of the real life Captain Richard Phillips. Based on the true incident of the hijacking of the Maersk Alabama by Somali pirates in 2009, this is yet another drama based on a true story featuring the actor who is self-admittedly fascinated by adaptations of real life happenings to the silver screen.
Talking about the appeal non-fictional stories hold for him, the actor said, “I’m fascinated constantly by nonfiction entertainment. I’m the type of guy that reads the newspaper and sees a story that really happened and says, ‘Well, this is better than most movies.’” Commenting on his reasons to take up this movie, Hanks further added, “We’ve seen quite a few fictionalised versions of what can happen when bad guys try to take over a ship or a plane, but because this is a real event, it presents one of the biggest challenges a filmmaker can face, which is: what really happened and how do we make that so gripping that it warrants holding a place in commercial entertainment?”
Directed by Paul Greengrass, Captain Phillips recounts the true-life ordeal of Richard Phillips, the captain of a US-flagged cargo ship, the MV Maersk Alabama, sailing with a 20-man crew and 17,000 metric tons of cargo that was bound for Kenya in April 2009 when it was abducted by four Somali pirates. The biopic is based on the memoirs of Captain Richard Phillips who was at the helm of the ship and was taken hostage by the pirates who fled the Maersk aboard one of the ship’s lifeboats.
Captain Phillips releases in India on 18 October.
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.
