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Barry Diller expresses interest in Redstone family firm (and Paramount controlling shareholder)

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Barry Diller expresses interest in Redstone family firm (and Paramount controlling shareholder)

Thirty years after getting squeezed out in an epic battle for control of Paramount Pictures, Barry Diller appears to be trying again.

The 82-year-old media titan is among the suitors who have expressed interest in buying the Redstone family’s Massachusetts-based holding firm, National Amusements Inc., which controls the voting shares of media company Paramount Global, according to two knowledgeable people who were not authorized to comment publicly.

Paramount Global includes the historic Hollywood studio, broadcast network CBS and a collection of cable TV channels such as MTV and Nickelodeon.

Back in 1994, media mogul Sumner Redstone famously triumphed over Diller in a hard-fought bidding war for control of the Melrose Avenue film studio. Redstone ultimately paid $10 billion for the asset, which many in the industry (including some of Redstone’s own executives) believed was way too steep.

Redstone’s media company, then known as Viacom, then bought Blockbuster video chain for its cash flow that the company needed to service the debt on the Paramount purchase.

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Diller, who had run Paramount in the 1970s — overseeing a period of growth and acclaimed movies — withdrew from the bidding with a characteristic shrug. The mogul went on to run Universal, before making a fortune by building a formidable digital media businesses, IAC.

The New York Times first reported Diller’s interest in National Amusements.

Other potential buyers have also surfaced in recent months, making overtures to mogul Shari Redstone who oversees the family’s empire since her father began dealing with health issues eight years ago. Sumner Redstone died in 2020.

The list of potential suitors includes former top Seagram and Warner Music executive Edgar Bronfman Jr., as well as Hollywood producer Steven Paul (“Ghost in the Shell,” “Baby Geniuses”). Any deal is contingent on due diligence and coming up with enough cash to entice the Redstone family to leave a business where they’ve been major players for decades.

Media mogul Barry Diller, pictured here in 2023, has expressed some interest in the Redstone family holding company National Amusements Inc.

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(Charles Sykes / Invision / AP)

Bronfman, the former entertainment executive and liquor scion, pushed his family to acquire Universal Studios Inc. before selling it to France’s Vivendi more than two decades ago. He is backed by Bain Capital and has suggested paying more than $2 billion for the Redstone firm.

It’s unclear whether Diller will submit an offer to NAI, one of the knowledgeable people said.

“IAC does not comment on rumors or speculation,” a company spokesperson said late Monday.

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NAI is struggling under a mound of debt. For months, Shari Redstone worked behind the scenes to sell NAI to tech scion David Ellison in a two-phase, nearly $8-billion deal that would have seen him eventually merge his production company Skydance Media with Paramount.

But in June, after months of high drama and boardroom tension, Redstone reversed course and Paramount Global’s proposed sale to Ellison’s Skydance Media collapsed.

The Ellison deal would have provided about $2.2 billion for NAI, or about $1.7 billion for the Redstone heirs once NAI’s debts had been paid.

National Amusements said it supports Paramount’s recently installed triumvirate of executives serving in an “office of the CEO”: division heads George Cheeks, Chris McCarthy and Brian Robbins. It also backed their business plan, which includes $500 million in cost-cutting, and the board’s efforts “to explore opportunities to drive value creation for all Paramount shareholders.”

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BTS’ Jimin and Jungkook to star in a new Disney+ show. Meanwhile, Jin will carry Olympic torch

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BTS’ Jimin and Jungkook to star in a new Disney+ show. Meanwhile, Jin will carry Olympic torch

K-pop titan BTS may be on hiatus, but its members are still booked and busy.

Jimin and Jungkook (affectionately dubbed “Jikook”) are set to star in the new travel show “Are You Sure?!” premiering Aug. 8 on Disney+, BTS’ label Bighit Music and management company Hybe announced Wednesday.

The eight-part series follows the duo as they explore three scenic locales — New York state; Jeju Island in South Korea; and Sapporo, Japan — and “will give a deeper look into Jimin and Jungkook’s undeniable chemistry and endearing friendship as they bond over a variety of unforgettable moments,” a news release said.

“Are You Sure?!” was filmed in 2023, prior to Jimin’s and Jungkook’s December enlistment in the South Korean military.

South Korea requires male citizens ages 18 to 28 to serve at least 18 months in the military or social service, and although the law was updated in 2020 to allow K-pop stars to delay their draft until age 30, they are not exempted from service as are Olympic medalists and prize-winning classical musicians.

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Still, the five-time Grammy-nominated group’s hiatus — projected by its management to end in 2025 — has not prevented its members from releasing music. In fact, several have dropped high-charting solo hits since.

“Back in the day, the military service meant a complete isolation from the world,” Jae Yoon Choi, CEO and co-founder of the K-pop creative agency KAI Media and retail hub Hello82, told The Times in December. “The military services used to affect artists very much in the past, but now it doesn’t. The service got shortened, and it’s easier for artists to prepare both for joining and the comeback after.”

Currently making his comeback is BTS’ eldest member, Jin, who finished his service last month. The day after his discharge, he hugged 1,000 fans as part of BTS’ annual Festa celebrations commemorating the group’s 11th anniversary.

Jin, whose full name is Kim Seok-jin, will also participate in the Paris 2024 Olympic torch relay as a torchbearer from South Korea, helping to spread the message of “harmony” and “peace,” a news release said.

This year’s torch relay began in April in Olympia, Greece, and is currently traveling through 65 French territories ahead of the July 26 opening ceremony.

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New episodes of “Are You Sure?!” will be released every Thursday from Aug. 8 through Sept. 19 on Disney+. The streaming service previously released a BTS docuseries in 2023 and a concert film in 2022.

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'Bad Newz' star Vicky Kaushal reviews Karan Johar's movie 'Kill'; Ananya Panday and Shanaya Kapoor join the suit | – Times of India

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'Bad Newz' star Vicky Kaushal reviews Karan Johar's movie 'Kill'; Ananya Panday and Shanaya Kapoor join the suit | – Times of India
Karan Johar‘s highly anticipated film ‘Kill‘ has captured the hearts and attention of audiences from its very inception. Following a recent screening, Bollywood celebrities have been effusive in their praise for the upcoming movie. Among them is Vicky Kaushal, known for his role in ‘Bad Newz‘, who took to Instagram to express his deep admiration for the film and its creators.Vicky commended the dedication of the entire team behind ‘Kill’, highlighting its potential to resonate strongly with viewers.
“What a film! I tip my hat off to each and everyone involved in making this film. People don’t know what’s coming their way,” wrote Vicky Kaushal in his Instagram story, reflecting his enthusiasm and confidence in the film’s potential.
‘Dream Girl 2’ fame Ananya Panday and her bestie Shanaya Kapoor also took to their respective Instagram stories to share their enthusiastic reviews. Ananya Panday reposted the movie poster, labeling it as “so bloody good” and urging her followers not to miss it when it hits theaters this Friday.
Meanwhile, Shanaya Kapoor expressed her awe for the film, stating she was “mind-blown” and eagerly anticipating a repeat viewing. Addressing lead actor Lakshya, Shanaya Kapoor added, “You killed it,” highlighting the impact of his performance in the movie.

These social media posts show Bollywood stars’ support for the upcoming film. Their endorsements highlight the excitement and anticipation surrounding the film, promising a thrilling cinematic experience that audiences would not want to miss.

Directed by Nikhil Nagesh Bhat, who also worked on the story of the movie with Ayesha Sayed, ‘Kill’ is slated to release on July 5. It stars Lakshya and Tanya Maniktala in the lead as the protagonist and Raghav Juyal in a negative role. The plot revolves around a train journey during which a pair of commandos face an army of invading bandits.

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Sean 'Diddy' Combs hit with fresh lawsuit alleging sexual assault, sex trafficking

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Sean 'Diddy' Combs hit with fresh lawsuit alleging sexual assault, sex trafficking

Sean “Diddy” Combs’ legal woes are far from over.

The embattled rap mogul and alcohol entrepreneur faces fresh accusations of sexual assault and sex trafficking in a new lawsuit filed Wednesday in the U.S. District Court for the Southern District of New York. The complaint marks the ninth sexual assault lawsuit filed against the rapper since last November, when his ex-girlfriend Casandra “Cassie” Ventura filed a lawsuit in which she described being abused by Combs.

Adria English, an adult-film actor who says she worked for Combs from 2004 to 2009, accuses the rapper of conducting and participating in a RICO enterprise, sexual assault, sexual harassment and sex trafficking, according to legal documents reviewed by The Times. The 114-page complaint raises more than 30 allegations against Combs, several of his business ventures, celebrity jeweler Jacob “Jacob the Jeweler” Arabo, a woman who allegedly facilitated the rapper’s sex trafficking and two media companies, in addition to unnamed individuals.

“No matter how many lawsuits are filed it won’t change the fact that Mr. Combs has never sexually assaulted or sex trafficked anyone,” Jonathan Davis, an attorney for Combs, told The Times in a statement. “We live in a world where anyone can file a lawsuit for any reason and without any proof. Fortunately, a fair and impartial judicial process exists to find the truth and Mr. Combs is confident he will prevail against these and other baseless claims in court.”

In the lawsuit, English details her account of working at Combs’ various high-profile “white parties” at his residences in New York and Florida, where she alleges she was “demanded” to engage in sexual intercourse with guests, including Arabo. English accuses Combs of forcing her to have sexual intercourse with Arabo in 2007, noting in the lawsuit that refusing the hip-hop star’s “demands was not an option.”

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A representative for Arabo did not immediately respond to The Times’ request for comment.

English accuses Combs of threatening to “blackball [her] from the entertainment industry” and her then-boyfriend from the modeling industry if she did not engage in sex work at the parties. In 2009, English left New York and returned to California, where she currently resides. The lawsuit says that was English’s “only way to escape” Combs.

English filed her complaint months after U.S. Department of Homeland Security agents conducted searches of Combs’ Holmby Hills and Miami mansions in March as part of a federal inquiry into sex trafficking allegations involving Combs. It’s unclear whether English’s allegations are related to that inquiry. TMZ reported Wednesday that Combs is seeking to sell that Holmby Hills mansion for $70 million.

In addition to Combs and the companies and individuals who allegedly participated and facilitated his white parties, English is suing music magazine Vibe and its owner, Penske Media Corp. She alleges the media companies provided Combs the resources to throw his parties, inflicted emotional distress connected to the alleged sex trafficking and publicized her likeness in a November 2006 magazine issue about the parties.

English is asking for damages including Vibe and PMC‘s profits from the November 2006 magazine, legal fees, losses and “further legal and equitable relief as deemed proper.” She wants a trial by jury.

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