Hollywood
Universal Pictures to restore 15 classic silent films over the next four years
MUMBAI: Building on its 2012 Centennial celebration, Universal Pictures will be restoring some of the world’s most classic silent films.
During the next four years, the studio will restore approximately 15 silent film titles from Universal’s early years. The complete list of films is still in development in collaboration with outside film historians, institutions, and preservationists. Partners and collaborators in the initiative include the Library of Congress, The Film Foundation, Academy of Motion Picture Arts & Sciences, George Eastman House, UCLA Film & Television Archives, Association of Moving Image Archivists, and Hollywood Heritage.
The announcement was made at the Opening Night of the San Francisco Silent Film Festival.
“The company understands its responsibility and need to preserve our silent film legacy. This early art of filmmaking is the foundation on which Universal Pictures was built more than 100 years ago, and it’s important we honor our rich history,” said NBC Universal vice chairman Ron Meyer.
The silent film era is best known for instantly recognizable storylines, settings, costumes, and characters. Most early silent films were accompanied by a full-fledged orchestra, organist or pianist to provide musical background and to underscore the narrative on the screen. Some even included live actors or narrators. The major genre emphasis was on swashbucklers, historical extravaganzas, and melodramas, although all kinds of films were being produced throughout the decade.
According to a report released by the Library of Congress, 70 per cent of the America’s silent feature films have been completely lost. Universal’s restoration team will work with archives and collectors worldwide to secure copies of prints and additional elements needed to complete this restoration effort and augment the silent film titles currently in its library.
Universal Pictures silent film restoration initiative builds on the company’s ongoing restoration commitment. Since the program was first announced in 2012, nearly 30 titles have been restored and 25 more titles are expected to be restored by 2017. Fully restored titles to date include All Quiet on the Western Front, The Birds, Buck Privates, Dracula (1931), Dracula Spanish (1931), Frankenstein, Jaws, Schindler’s List, Out of Africa, Pillow Talk, Bride of Frankenstein, The Sting, To Kill a Mockingbird, Touch of Evil, Double Indemnity, High Plains Drifter, and Holiday Inn.
Hollywood
WBD sets April 23 vote on $110bn Paramount Skydance merger
Investor approval key step, but regulators loom over mega media deal
NEW YORK: Warner Bros. Discovery has set April 23 as the date for shareholders to vote on its proposed $110 billion merger with Paramount Skydance, marking a crucial step in one of the biggest media deals in recent years.
The all-cash transaction offers WBD shareholders $31 per share, a hefty 147 per cent premium to its unaffected stock price, signalling strong intent to push the deal across the finish line. The company’s board has unanimously backed the merger and is urging investors to vote in favour.
Even if shareholders give the green light, the deal is far from done. Regulators in the United States and Europe are expected to scrutinise the merger closely, weighing concerns around competition and potential price impacts for consumers.
To keep investors on side, WBD has built in a safety net. If the deal is not completed by September 30, shareholders will receive a quarterly “ticking fee” of $0.25 per share until closure.
The proposed merger would significantly reshape the media landscape, combining the assets of Warner Bros. Discovery with those linked to Paramount Global and Skydance Media. It would also cement the growing influence of David Ellison, who has been steering Skydance’s aggressive expansion strategy.
“The WBD Board has been guided by the singular principle of securing a transaction that maximises the value of our iconic assets and delivers as much certainty as possible to our shareholders,” said Warner Bros. Discovery board chair Samuel A. Di Piazza Jr.. “This historic transaction will expand consumer choice and create new opportunities for creative talent.”
Warner Bros. Discovery chief executive officer David Zaslav added that the company is working closely with its counterpart to close the deal and unlock value for stakeholders.
With investor backing likely but regulatory hurdles ahead, the proposed merger is shaping up to be a defining moment for the global entertainment industry, where scale, content and competition are increasingly intertwined.
