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News on Medial
Warner Bros. Pictures, Bhanushali Studios Limited and JOAT Films announce a five-film strategic partnership
Economic Times
·
1m ago
Medial
Warner Bros. Pictures, Bhanushali Studios Limited, and JOAT Films have announced a five-film strategic partnership to create Indian adaptations of iconic Warner Bros. titles. This collaboration aims to blend Warner Bros.' storytelling legacy with Indian cultural narratives for global audiences. The venture will highlight India’s vibrant film market, seeking to resonate with both local and international viewers by infusing familiar stories with Indian creativity and emotion. Development for the first title is underway.
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Netflix, Amazon, and Paramount wanted Coyote vs. Acme but Warner Bros. Discovery refused
The Verge
·
1y ago
Medial
Warner Bros. reportedly turned down offers from Amazon, Netflix, and Paramount to release the film "Coyote vs. Acme," as the studios' bids did not meet the $75-$80 million figure Warner Bros. was seeking. The final decision was made by executives who had not seen the finished movie, despite it being well received at internal screenings.
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A potential Warner Bros and Paramount merger could be Hollywood's next Megacorp
Gizmodo
·
1y ago
Medial
Warner Bros. Discovery and Paramount Pictures are reportedly exploring a potential merger. The CEOs of both companies met to discuss the possibility of combining their forces to create a new media powerhouse. This move is seen as a response to the growing dominance of Disney and Netflix. The market value of Warner Bros. Discovery is around $29 billion, while Paramount is valued at $10 billion. The details of the merger, including whether Warner Bros. Discovery would acquire Paramount Global or its parent company, National Amusements Inc., are yet to be confirmed.
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Warner Bros to split cable and streaming businesses in major restructuring | TechCrunch
TechCrunch
·
2m ago
Medial
Warner Bros. Discovery (WBD) is restructuring by separating its streaming and cable operations to adapt to the shifting media landscape. The company plans to split into two publicly traded entities: The Streaming & Studios division, including Warner Bros. Television, Motion Picture Group, and HBO Max; and Global Networks, featuring CNN and TNT Sports. This decision aligns with broader industry trends as cable television faces increasing cord-cutting and stagnation.
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Netflix, Amazon oppose TRAI’s proposal to regulate them
Inshorts
·
7m ago
Medial
Content delivery network (CDN) companies, including Netflix, Amazon, Universal Studios and Warner Bros have reportedly opposed the telecom regulator proposal to regulate them. They argued that they are not telecom operators and therefore do not fall under the regulator's jurisdiction, as per an ET report.
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Musk’s AI ambitions approach make-or-break moment with Tesla Robotaxi reveal
Livemint
·
10m ago
Medial
- Tesla is expected to unveil its first driverless car and announce details about a forthcoming robotaxi service. - Elon Musk has described this as Tesla's most significant moment since the launch of the Model 3 sedan in 2017. - The event is scheduled for 7 p.m. Pacific time at Warner Bros. studios in Burbank, Calif. - Analysts anticipate that Musk will showcase a functioning autonomous vehicle and provide a timeline for its launch. - Tesla's stock has rallied ahead of the presentation, with shares up 52% since the announcement in April. - Musk has referred to the robotaxi as the Cybercab and previous sketches depict an almond-shaped, two-seater vehicle without a steering wheel or pedals.
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New Script for Media: Warner Bros Discovery split marks end of bundling era
Economic Times
·
1m ago
Medial
Warner Bros. Discovery has decided to split into two entities, marking the end of the bundled media conglomerate model. This move reflects a trend where companies are separating digital growth areas from slower legacy businesses to compete effectively in the streaming market. The restructuring will create one entity focusing on streaming and studios and another on traditional networks. This approach aligns with similar actions by Comcast and Lionsgate, responding to the shift towards streaming consumption.
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Spotify to host Warner Bros Discovery podcasts
Economic Times
·
1y ago
Medial
Spotify has announced a partnership with Warner Bros. Discovery to host and distribute podcasts based on popular franchises such as DC Comics and HBO. The move is seen as a way for Spotify to expand its podcast offerings and compete with other streaming platforms in the increasingly competitive podcast market. The partnership is expected to bring new and exclusive content to Spotify's growing podcast library.
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Elon Musk biopic rights clinched by A24, Darren Aronofsky to direct
Economic Times
·
1y ago
Medial
A biopic on Elon Musk is in the works, with director Darren Aronofsky and studio A24 securing the rights to Walter Isaacson's biography on the SpaceX and Tesla CEO. Aronofsky's production company, Protozoa Pictures, will produce the film. A24 previously worked with Aronofsky on the film "The Whale." Isaacson's book on Apple co-founder Steve Jobs was also adapted into a film. The deal was highly competitive, with other top studios and filmmakers vying for the rights. Musk bought social media platform X (formerly Twitter) last year for $44 billion.
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Sam Altman is trying to convince Hollywood that Sora won't destroy the movie business
Business Insider
·
1y ago
Medial
OpenAI's CEO, Sam Altman, is trying to reassure Hollywood executives that the company's AI video generator, Sora, won't harm the movie industry. Altman and OpenAI's COO, Brad Lightcap, met with executives from Paramount, Universal, and Warner Bros Discovery, seeking their input in rolling out Sora. While some studios expressed interest in using the tool to save time and money, OpenAI did not pursue formal agreements during the meetings. Other competitors, including Runway, Emu Video, and Lumiere, are also developing text-to-video tools.
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Bollywood's Singham Ajay Devgn strikes gold with multibagger stock Panorama Studios
Money Control
·
1y ago
Medial
Ajay Devgn's investment in film production company Panorama Studios International has yielded impressive returns, with his initial investment of Rs 2.74 crore tripling to Rs 9.95 crore. The company recently issued equity shares and warrants to investors for a total of over Rs 34 crore. Panorama Studios, with a market capitalization of Rs 1,200 crore, has seen its stock surge three-fold since January and eight times over the past year. Devgn has collaborated on multiple films with Panorama Studios and its producer Kumar Mangat Pathak. The company aims to produce the Drishyam franchise in 10 countries in the next few years.
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