English Entertainment
Oscars to broadcast exclusively on STAR Movies for the 15th year consecutively
MUMBAI: Star Movies announced that it will broadcast the eminent awards ceremony honoring achievements in the film industry, Oscars Live and Exclusive’, in India. Known as the Hollywood destination of India, Star Movies will be airing the Oscars for the 15th year in succession reinforcing its commitment to bringing its viewers the very best of American cinema. Set to take place on 2 March, 2014, at the Dolby Theatre in Hollywood, Los Angeles, the 86th Academy Awards ceremony will honor the actors, technical achievements, and films of 2013.
Star Movies gives its viewers another reason to look forward to the Oscars this year with the return of Ellen DeGeneres as host of the celebrated ceremony for the second time. DeGeneres hosted the 79th Academy Awards in 2007, for which she received a Primetime Emmy nomination for “Outstanding Individual Performance in a Variety or Music Program.” Star Movies has aired a special video that the affable daytime chat show host has made for her fans in India. The promo has her donning a tux and putting on a special Oscars themed performance.
Star Movies will exclusively showcase all the celebrity interviews and excitement from the Red Carpet to the performances of the most coveted awards night to the winners of the most prestigious trophy. The channel is dedicated to bringing an authentic Oscars experience right into their viewers living rooms. The channel will also be broadcasting the entire ceremony in Dolby 5.1 surround sound to create the best audio experience possible. In addition to this, the channel has introduced a month long movie festival featuring Oscar winning movies titled, ‘Oscar Fever’. The ‘Oscar Fever’ segment will air from Monday to Friday, at 7 pm and presents its audiences a spectacular Oscars experience with a variety of films nominated for the prestigious awards in the past years.
The channel has also conducted a Predict and Win contest where the winners are given an chance to win a once in a lifetime opportunity to watch the Oscars Red Carpet 2015 in LA from the bleacher seats! To participate all the viewers need to do is log on to the STARMovies.in/Oscars2014 and predict the winners for this year’s categories.
Commenting on the occasion, Kevin Vaz, General Manager – English channels, Star India said, “Star Movies is the go-to destination for Hollywood in India and we want to ensure that our viewers get the best of the Oscars experience possible. The Oscar Fever festival will air a host of excellent Oscar nominated films and the Predict and Win contest will grant two lucky winners a chance to attend the grand event in person.”
The star-studded 86th Academy Awards will be telecast ‘Live’ on March, 3 February at 5:30am and a repeat telecast at 8 pm.
English Entertainment
Warner Bros. Discovery shareholders approve Paramount deal
Investors wave through a $111 billion megamerger but deliver a stinging, if toothless, rebuke over half-a-billion-dollar goodbye packages
NEW YORK: The shareholders said yes to the deal. They said no to the cheque. At a virtual special meeting on Thursday that lasted barely ten minutes, Warner Bros. Discovery investors voted overwhelmingly to approve Paramount Skydance’s $111 billion acquisition of the company — and then turned around and voted against the lavish exit pay packages lined up for chief executive David Zaslav and his fellow outgoing executives.
Not that it will make much difference. The compensation vote is purely advisory and non-binding. The Warner Bros. Discovery board can, and almost certainly will, pay out as planned.
But the symbolism stings. It is the second consecutive year that WBD shareholders have voted against the executive compensation packages, and this time they had good reason. Zaslav’s exit deal is, by any measure, extraordinary. Under the terms filed with the Securities and Exchange Commission, he is set to receive $34.2 million in cash severance, $517.2 million in equity in the combined company, and $44,195 in continued health coverage — a total of at least $550 million. On top of that, Warner Bros. Discovery has agreed to reimburse Zaslav up to $335 million for taxes assessed by the Internal Revenue Service on his accelerated stock vesting, though the company says that figure will decline depending on when the deal closes. As of March 11, Zaslav also held $115.85 million in vested WBD stock awards — and last month sold a further $114 million worth of WBD shares.
Shareholder advisory firm ISS recommended voting against the compensation measure, citing “problematic” tax reimbursements to Zaslav and the full vesting of his stock awards.
Zaslav will be bound by a two-year non-competition covenant and a two-year non-solicitation of customers and employees after the deal closes.
His lieutenants are not walking away empty-handed either. J.B. Perrette, chief executive and president of global streaming and games, is in line for $142 million, comprising $18.2 million in cash severance and $123.9 million in equity. Bruce Campbell, chief revenue and strategy officer, will receive an estimated $121.5 million, including $18.8 million in severance and $102.7 million in equity. Chief financial officer Gunnar Wiedenfels is set for $120 million, made up of $6.6 million in cash severance and $113.1 million in equity. Gerhard Zeiler, president of international, will get $82.6 million, including $11.9 million in severance and $70.7 million in equity.
The deal itself, clinched in February after Netflix declined to raise its bid for Warner Bros., still needs regulatory clearance from the Justice Department and European authorities. Several state attorneys general are also weighing legal action to block it.
Senator Elizabeth Warren, Democrat of Massachusetts, was unsparing. “The Paramount-Warner Bros. merger isn’t a done deal,” she said after the shareholder vote. “State attorneys general across the country are stepping up to stop this antitrust disaster. We need to keep up this fight.”
If it does go through, the combined entity would be a formidable beast, bringing together Paramount Skydance’s stable — CBS, CBS News, Paramount Pictures, Paramount+, BET, MTV and Nickelodeon — with WBD’s portfolio of HBO, Max, Warner Bros. film and TV studios, DC, CNN, TBS, TNT, HGTV and Discovery+. Paramount has said it expects $6 billion in cost savings from the merger, which is Wall Street shorthand for mass layoffs on a significant scale.
The ten-minute meeting was presided over by chairman Samuel Di Piazza Jr., with Zaslav, Campbell, Wiedenfels and chief communications officer Robert Gibbs in virtual attendance. Di Piazza was bullish. “We appreciate the support and confidence our stockholders have placed in us to unlock the full value of our world-class entertainment portfolio,” he said. “With Paramount, we look forward to creating an exceptional combined company that will expand consumer choice and benefit the global creative talent community.”
Zaslav echoed the sentiment. “Over the past four years, our teams have transformed Warner Bros. Discovery and returned the company to industry leadership,” he said. “Today’s stockholder approval is another key milestone toward completing this historic transaction that will deliver exceptional value to our stockholders.”
Paramount Skydance struck a similar note. “Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros. Discovery,” it said in a statement, adding that it looked forward to “closing the transaction in the coming months.”
The shareholders have spoken on the merger. On the pay, they were ignored before the vote was even counted.
