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Bronfman drops out of Paramount bidding; Skydance to claim prize

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Bronfman drops out of Paramount bidding; Skydance to claim prize

Billionaire entertainment executive Edgar Bronfman Jr. has bowed out of his long-shot bid to gain control of Paramount Global, clearing the way for David Ellison’s Skydance Media to claim the prize.

Late Monday, Paramount’s lead independent director announced the auction for the company had ended and the takeover by Skydance would move forward. If Skydance wins the approval of federal regulators, Ellison and his team could take over in about a year.

“Having thoroughly explored actionable opportunities for Paramount over nearly eight months, our Special Committee continues to believe that the transaction we have agreed with Skydance delivers immediate value and the potential for continued participation in value creation in a rapidly evolving industry landscape,” Charles E. Phillips Jr., who is chair of Paramount’s special committee, said in a statement.

The move comes less than a week after Phillips and other independent directors extended a deadline for the “go shop” period to review Bronfman’s $6-billion bid to acquire the Redstone family investment firm, National Amusements Inc., and also provide a $1.5-billion cash infusion to help the struggling media company.

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“Tonight, our bidding group informed the special committee that we will be exiting the go-shop process,” Bronfman said in a statement. “It was a privilege to have the opportunity to participate. We continue to believe that Paramount Global is an extraordinary company, with an unrivaled collection of marquee brands, assets and people.”

It wasn’t immediately clear why Bronfman exited in advance of Paramount’s Sept. 5 deadline for Paramount’s independent board members to decide which bidder would come away with the beleaguered media company that owns CBS, Comedy Central, Nickelodeon, MTV and the historic Melrose Avenue film studio. The special committee was poised to scrutinize Bronfman’s proposal this week.

But there were indications that Bronfman’s bid wouldn’t measure up to Skydance Media’s $8.4-billion proposal, which controlling shareholder Shari Redstone and Paramount’s board had approved in July.

The bid from Ellison’s Skydance had several advantages.

Not only were the financial terms larger, Ellison had a big head start over other interested bidders. The tech scion initially reached out to Redstone last summer to pitch his interest in buying out her family and investing in the company her father had managed for decades when it was known as Viacom. Paramount board members first began debating Ellison’s deal in December.

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By exiting before the special committee formally reached its decision, Bronfman may have wanted to spare himself and fellow investors the embarrassment of being rejected in the high-profile auction.

“On behalf of the Special Committee we thank Mr. Bronfman and his investor group for their interest and efforts,” Phillips said.

Paramount executives declined to comment late Monday. But last week, the special committee said that Bronfman’s bid would be the only offer beyond Skydance’s that the board was willing to consider. The bidding window closed for all other bidders on Aug. 21.

Bronfman’s decision also removes some friction in the process for Paramount.

Just last week, after the special committee members extended the go-shop deadline for Bronfman, Skydance registered its displeasure.

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In a letter to Paramount’s special committee, lawyers for the firm accused the committee of violating the terms of Skydance’s agreement to buy National Amusements and Paramount, according to sources familiar with the situation.

“While there may have been differences, we believe that everyone involved in the sale process is united in the belief that Paramount’s best days are ahead,” Bronfman said in his statement. “We congratulate the Skydance team and thank the special committee and the Redstone family for their engagement during the go-shop process.”

The former top Seagram and Warner Music executive had tried to capitalize on a provision in the Skydance agreement that established a 45-day window for Paramount’s board to solicit offers that were “superior” to that of Skydance.

After weeks of trying to put together a group of investors, Bronfman on Aug. 19 delivered his proposal to Phillips, Paramount’s lead independent director.

Bronfman’s primary pitch was that his group’s takeover would be more straightforward than the deal championed by Ellison, and thus better for Paramount shareholders. It mirrored many of the provisions of the Skydance proposal.

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Bronfman said he would match Skydance’s proposal to buy out National Amusements for $2.4 billion. Once the firm’s debts of about $650 million were paid, the Redstone family would come away with $1.75 billion.

Both bids would inject $1.5 billion into Paramount’s battered balance sheet, allowing the firm to pay down debt, when the deal closes. Federal regulators must weigh in, a process that’s expected to take about a year.

But Skydance had the edge on an important ingredient that helped it win the support of Paramount’s board. This past spring, Skydance said it would carve out $4.5 billion to buy shares from Paramount investors, including nonvoting Class B shares at $15 a share.

Bronfman scrambled to identify funds — a proposed $1.7-billion set-aside — to offer Class B investors $16 a share.

His bid also would have covered the $400-million breakup fee that would have been owed to Skydance if Paramount favored Bronfman’s bid.

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Bronfman’s proposal aimed to eliminate a controversial step in the Ellison deal, in which Ellison merged his Santa Monica-based Skydance company with Paramount.

Some Paramount shareholders have grumbled over the $4.75-billion valuation of Skydance, alleging the entertainment firm isn’t worth nearly that much. Skydance co-owns some of the Paramount studio’s biggest blockbusters, including “Mission: Impossible,” “Top Gun: Maverick” and “Star Trek.” Ellison’s company also has been building an animation studio under John Lasseter, former Pixar creative executive.

Several sources speculated that Paramount’s board’s willingness to entertain Bronfman’s proposal stemmed from Redstone’s desire to protect her family from costly shareholder lawsuits.

The sales process already has sparked litigation, and the Paramount directors’ efforts to beat the bushes may have been aimed at demonstrating that Skydance was the only viable bidder.

Skydance Media is backed by Ellison’s father, Larry Ellison, and Redbird Capital Partners.

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Movie Reviews

‘The Tank’ Review: A War Film More Abstract Than Brutal (Prime Video) – Micropsia

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‘The Tank’ Review: A War Film More Abstract Than Brutal (Prime Video) – Micropsia

The Tiger Is the Tank. Or rather, the type of German tank that gives the film its international title—just in case anyone might confuse this war story with an adventure movie involving wild animals. The tank itself is the film’s container, much as The Boat was in the legendary 1981 film it openly seeks to emulate in more than one respect, or as the more recent tank was in the Israeli film Lebanon (2009). Yes, much of Dennis Gansel’s movie unfolds inside a tank called Tiger, but what it is ultimately trying to tell goes well beyond its cramped metal walls.

This large-scale Prime Video war production has been described by many as the platform’s answer to Netflix’s success with All Quiet on the Western Front, the highly decorated German film released in 2022. In practice, it is a very different proposition. Despite the fanfare surrounding its release—Amazon even gave it a theatrical run a few months ago, something it rarely does—the film made a far more modest impact. Watching it, the reasons become clear. This is a darker, stranger movie, one that flirts as much with horror as with monotony, and that positions itself less as a traditional war film than as an ethical and philosophical meditation on warfare.

The first section—an intense and technically impressive combat sequence—takes place during what would later be known as the Battle of the Dnieper, which unfolded over several months in 1943 on the Eastern Front, as Soviet forces pushed back the Nazi advance. Der Tiger is the type of tank carrying a compact platoon—played by David Schütter, Laurence Rupp, Leonard Kunz, Sebastian Urzendowsky, and Yoran Leicher—that miraculously survives the aerial destruction of a bridge over the river.

Soon afterward—or so it seems—the group is assigned a mission that, at least in its initial setup, recalls Saving Private Ryan. Lieutenant Gerkens (Schütter) is ordered to rescue Colonel Von Harnenburg, stranded behind enemy lines. From there, the film becomes a journey through an infernal landscape of ruined cities, corpses, forests, and fog—a setting that, thanks to the way it is shot, feels more fantastical than realistic.

That choice is no accident. As the journey begins to echo Apocalypse Now, it becomes clear that the film is less interested in conventional suspense—mines on the road, the threat of ambush—than in the strangeness of its situations and environments. When the tank plunges into the water and briefly operates like a submarine, one may reasonably wonder whether such technology actually existed in the 1940s, or whether the film has deliberately drifted into a more extravagant, symbolic territory.

This is the kind of film whose ending is likely to inspire more frustration than affection. Though heavily foreshadowed, it is the sort of conclusion that tends to irritate audiences: cryptic, somewhat open-ended, and more suggestive than explicit. That makes sense, given that the film is less concerned with depicting the daily mechanics of war than with grappling with its aftermath—ethical, moral, psychological, and physical.

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In its own way, The Tank functions as a kind of mea culpa. The platoon becomes a microcosm of a nation that “followed orders” and committed—or allowed to be committed—horrific acts in its name. The flashbacks scattered throughout the film make this point unmistakably clear. The problem is that, while these ideas may sound compelling when summarized in a few sentences (or in a review), the film never manages to turn them into something fully alive—narratively, visually, or dramatically.

Only in brief moments—largely thanks to Gerkens’s perpetually worried, anguished expression—do those ideas achieve genuine cinematic weight. They are not enough, however, to sustain a two-hour runtime that increasingly feels repetitive and inert. Unlike the films by Steven Spielberg, Wolfgang Petersen, Francis Ford Coppola, and others it so clearly references, The Tank remains closer to a concept than to a drama, more an intriguing reflection than a truly effective film.


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Electric violinist sues Will Smith, alleging sexual harassment, wrongful termination

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Electric violinist sues Will Smith, alleging sexual harassment, wrongful termination

Will Smith and his company Treyball Studios Management Inc. are being sued by an electric violinist who is claiming wrongful termination, retaliation and sexual harassment — allegations denied by the actor-rapper-producer in a statement from his attorney.

Brian King Joseph alleges in a lawsuit filed earlier this week that Smith hired him to perform on the 2025 Based on a True Story tour, then fired him before the tour began in earnest in Europe and the U.K.

Joseph, who finished third in Season 13 of “America’s Got Talent,” went onto Instagram in the days before filing his lawsuit and posted a Dec. 27 video saying that he had been hired for “a major, major tour with somebody who is huge in the industry” but “some things happened” that he couldn’t discuss because it was a legal matter.

Electric violinist Brian King Joseph, seen performing at an awards show last October, is suing for wrongful termination, retaliation and sexual harassment.

(Tommaso Boddi / Getty Images for Media Access Awards)

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But, he said, “Getting fired or getting blamed or shamed or threatened or anything like that, simply for reporting sexual misconduct or safety threats at work, is not OK. And I know that there’s a lot of other people out there who have been afraid to speak up, and I understand. If that’s you, I see you. … More updates to come soon.”

In the lawsuit, filed Tuesday in Los Angeles County Superior Court and reviewed by The Times, Joseph alleges that he and Smith struck up a professional relationship in November 2024, after which Joseph performed at two of Smith’s shows in San Diego and was invited to perform on several tracks for Smith’s “Based on a True Story” album, which was released March 28.

After the performances in San Diego, Joseph posted video of a show on Instagram with the caption, “What an honor to share the stage with such legends and a dream team of musicians. From playing in the streets to sharing my music on stages like this, this journey has been nothing short of magic — and this is just the beginning. Grateful beyond words for every single person who made this possible.”

While working on the album, the lawsuit alleges, “Smith and [Joseph] began spending additional time alone, with Smith even telling [Joseph] that ‘You and I have such a special connection, that I don’t have with anyone else,’ and other similar expressions indicating his closeness to [Joseph].”

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Joseph soon joined Smith and crew for a performance in Las Vegas, the lawsuit says — on March 20 at the House of Blues at Mandalay Bay — with Smith’s team booking rooms for everyone involved. Joseph left his bag, which contained his room key, in a van that took performers to rehearsal, and then the bag went missing for a couple of hours after he requested someone get it for him, the suit says.

When Joseph returned to his room late that night, according to the complaint, he found evidence that someone had entered his room without his permission.

“The evidence included a handwritten note addressed to Plaintiff by name, which read ‘Brian, I’ll be back no later [sic] 5:30, just us (drawn heart), Stone F.,’” the document says. “Among the remaining belongings were wipes, a beer bottle, a red backpack, a bottle of HIV medication with another individual’s name, an earring, and hospital discharge paperwork belonging to a person unbeknownst to Plaintiff.”

Joseph worried that “an unknown individual would soon return to his room to engage in sexual acts” with him, the complaint says.

It adds that Joseph, “concerned for his safety and the safety of his fellow performers and crew,” alerted hotel security and representatives for Treyball and Smith, took pictures, requested a new room and reported the incident to police using a non-emergency line. Hotel security found no signs of forced entry, and Joseph flew home the next day.

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Several days later, rather than being called on to join the next part of the tour, a Treyball representative told him the tour was “going in a different direction,” the lawsuit says, and that his services were no longer needed. The representative “redirected the blame for the termination onto [Joseph], replying, ‘I don’t know, you tell me, because everyone is telling me that what happened to you is a lie, nothing happened, and you made the whole thing up. So, tell me, why did you lie and make this up?’ [Joseph], shocked at the accusation, had nothing further to say,” as he believed the reports and evidence from Las Vegas spoke for themselves.

Joseph alleges in the lawsuit that as a result of events in Las Vegas and in the days immediately afterward, he suffered severe emotional distress, economic loss and harm to his reputation. He also alleges that the stress of losing the job caused his health to deteriorate and that he suffered PTSD and other mental illness after the termination.

“The facts strongly suggest that Defendant Willard Carroll Smith II was deliberately grooming and priming Mr. Joseph for further sexual exploitation,” the lawsuit alleges. “The sequence of events, Smith’s prior statements to Plaintiff, and the circumstances of the hotel intrusion all point to a pattern of predatory behavior rather than an isolated incident.”

The Times was unable to reach publicists or a lawyer for Will Smith because of the holiday. However, Smith attorney Allen B. Grodsky told Fox News on Thursday that “Mr. Joseph’s allegations concerning my client are false, baseless and reckless. They are categorically denied, and we will use all legal means available to address these claims and to ensure that the truth is brought to light.”

Joseph’s attorney, Jonathan J. Delshad, recently filed sexual assault civil suits against Tyler Perry on behalf of actors who say they were not hired for future work by the billionaire movie and TV producer after they rejected his alleged advances.

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Joseph is seeking compensatory and punitive damages and payment of attorney fees in an amount to be determined at trial.

The Based on a True Story tour played 26 dates in Europe and the U.K. last summer. Nine of the acts were headlining gigs, while the rest were festivals.

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‘Marty Supreme’ is Supreme Cinema – San Diego Jewish World

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‘Marty Supreme’ is Supreme Cinema – San Diego Jewish World

By John E. Finley-Weaver in San Diego

John E. Finley-Weaver
(SDJW photo)

My wife convinced me to watch a movie about ping pong. And, having acquiesced to her proposal, I dove face-first into a kettle of willful ignorance, knowing only that Some Guy Timothée Chalamet of Dune 1 and Dune 2 and A Complete Unknown (another of her suggestions) was the lead, and that what we were soon to watch might move me. Or, at the very least, that it might entertain me.

The movie did not disappoint.

In fact, Marty Supreme is the absolute best film about table tennis that I have ever seen. And I’ve seen all of one of them so far, although I am aware of and have seen a few clips of Robert Ben Garant’s Balls of Fury.

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But, holy mackerel, Marty Supreme is not just a movie about some lanky goniff whose inner craving for focused dominance in one specific realm compels him to pursue a shiny, sportsball “X” trophy, culminating in a crowd-pleasing, applause roar of triumph . . . a  n  d . . . cut to the end credits, supplemented by a catchy, happy song . . . . “Honey, let’s get to the restroom, fast!”

Uh-uh. Nay. Marty Supreme is a lived-in world (like the Star Wars universe, but way different and way better) populated by tactile characters, each of whom has their own, inferred history and glob of yearnings. And they have warts. Lots of warts. Warts and all.

Marty Mauser, the Jewish protagonist of Marty Supreme, is a plucky ping pong imp and shoe salesman, in addition to being a nimble and loquacious malarkey artist. He is also a shockingly-gawdawful, verbal bastard person to his mother, played by Fran Drescher, who left her specific, discount Phyllis Diller voice in the dustbin of screen history where it belongs, much to the contentment of my sensitive ears.

Marty Mauser is even more a womanizer and a thief. And he is a delight. And, because boring, nice boys don’t have movies made about them, he does something for his ema that is chutzpahdik, illegal, vandalicious, unhistorical, and tear-inducingly sweet.

And again, dear Reader, I went into this movie knowing most of nothing about it. If you are like me, fear not: I shan’t disclose the plot.

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Marty Mauser’s partners in life and “crime” are the facially-delicious Rachel, played by Odessa A’zion and best bud Wally, performed by Tyler Okonma, each complementarily savvy to Marty’s needs and wants.

The remainder of the film’s actors is a gathering of casting directorial genius: Kevin O’Leary, the that guy from some reality television show that I will never watch; Gwyneth Paltrow; director Abel Ferrara; Sandra Bernhard, my lukewarm, high school “bad girl” crush; Géza Röhrig, whose character is seven year’s fresh from a Nazi death camp and hauntingly beautiful; Koto Kawaguchi, the movie-world champion and legally-deaf Tommy-esque pinball wizard of ping pong and real-world champion of the game; Pico Iyer, Indo-Limey travel writer, meditator, and inveterate outsider; George Gerwin, a very retired basketball player; Ted Williams and his golden voice; Penn Jillette, agrarian and blasty; Isaac Mizrahi, obviously “out” in 1952; and David freaking Mamet.

Gush.

And great googly woogly. They all do their jobs so gosh darn well that I don’t notice them as actors acting.

And then, as I have done since I was a child, for science fiction books, for television, and for movies, I recast, in my mind’s eye, all of the characters and their associated journeys as different people. I made an all-Negro cast of the film. And it worked. No radical changes to the script were necessary. I did the same for a spunky, mid-West farm girl as the lead. That worked. I tried again, using a Colombian lesbian. That worked too.

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I praise the cinematic vision of Director Josh Safdie. I praise the wide accessibility of the script he co-wrote with Ronald Bronstein: Thank you. The expected plot points, the tropes of moviedom, the “inevitable” happenings of standard movies never really happened. Marty Supreme zaggled and Zelig’d when I expected it to zig.

A lesser film would not have surprised me in most of its story structure, its scenes, or its character paths. A lesser film would have had me in my seat, either smugly prognosticating the next events, or non-thinkingly rapt for entire scenes. This film, this masterpiece of storytelling and visual and aural execution outsmarted me. It outsmarted my movie mind, and for that, I am grateful.

Marty Supreme is a very Brooklyn Jewy movie, but it sings from the standard Humanity of us all, to each of us. And that is movie making at its finest.

*
Cinema buff John E. Finley-Weaver is a freelance writer based in San Diego.

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