Hollywood
You’re Hired: ‘The Celebrity Apprentice’ tells Arnold Schwarzenegger
MUMBAI: Twice-elected California governor and international movie star Arnold Schwarzenegger has been named the new host of NBC’s The Celebrity Apprentice, which will return to the network for the 2016-17 season.
Schwarzenegger steps into the shoes of erstwhile host Donald Trump, who, in his role as host of the seven seasons ofThe Celebrity Apprentice, helped raise more than $15 million for charity.
Schwarzenegger served two terms as governor of California, managing more than 300,000 state employees and a state budget in the hundreds of billions. He has successfully invested in both real estate and sports franchises, and is known to millions globally for his starring role in the Terminator film franchise. His films, over a six-decade career, have grossed billions of dollars in worldwide box office.
The Apprentice franchise is one of the most successful reality formats in television history. In The Celebrity Apprentice, business-savvy celebrity contestants work in teams and are asked to perform various tasks and win challenges, all the while employing a business model that promotes teamwork and, hopefully, ends with a financially successful outcome – all for a worthy charity. Contestants are subjected to long hours, grueling deadlines, intellectual challenges, personality clashes and intense scrutiny. Each task will end in the Boardroom, where contestants must account for their actions or risk being “fired” by the host until one remains.
Previous Celebrity Apprentice winners include Joan Rivers, Piers Morgan, Bret Michaels, Trace Adkins, Arsenio Hall, John Rich and Leeza Gibbons.
The Celebrity Apprentice is produced by United Artists Media Group. Mark Burnett, Schwarzenegger, Page Feldman and Eric Van Wagenen are executive producers.
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.
