Paramount is staying the course on its $30-a-share bid for Warner Bros. Discovery, again appealing directly to shareholders.
The move comes after Warner Bros. Discovery’s board voted unanimously this week to reject Paramount’s revised bid, in which billionaire Larry Ellison agreed to personally guarantee the equity portion of his son’s firm’s financing package.
Paramount Skydance, in a Thursday statement, sidestepped Warner’s latest complaints about the enormous debt load that Paramount would need to pull off a takeover. Paramount instead said the appeal of its bid should be obvious: $30 a share in cash for all of Warner Bros. Discovery, including its large portfolio of cable channels, including CNN, HGTV, TBS and Animal Planet.
Warner board members have countered that Netflix’s $27.75 cash and stock bid for much of the company is superior because Netflix is a stronger company. Warner also has complained that it would have to incur billions in costs, including a $2.8-billion break-up fee, if it were to abandon the deal it signed with Netflix on Dec. 4.
The streaming giant has agreed to buy HBO, HBO Max and the Warner Bros. film and television studios, leaving Warner to spin off its basic cable channels into a separate company later this year.
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The murky value of Warner’s cable channel portfolio has become a bone of contention in the company’s sale.
“Our offer clearly provides WBD investors greater value and a more certain, expedited path to completion,” Paramount Chief Executive David Ellison said in Thursday’s statement. Paramount said it had resolved all the concerns that Warner had raised last month, “most notably by providing an irrevocable personal guarantee by Larry Ellison for the equity portion of the financing.”
Paramount is gambling that Warner investors will evaluate the two offers and sell their shares to Paramount. Stockholders have until Jan. 21 to tender their Warner shares, although Paramount could extend that deadline.
The Netflix transaction offers Warner shareholders $23.25 in cash, $4.50 in Netflix stock and shares in the new cable channel company, Discovery Global, which Warner hopes to create this summer.
Comcast spun off most of its NBCUniversal cable channels this month, including CNBC and MS NOW, creating a new company called Versant. The result hasn’t been pretty. Versant shares have plunged about 25% from Monday’s $45.17 opening price. On Thursday, Versant shares were selling for about $32.50. (Versant has said it expected volatility earlyon as large index funds sold shares to rebalance their portfolios).
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Paramount has argued that fluctuations in Netflix’s stock also reduces the value of the Netflix offer.
“Throughout this process, we have worked hard for WBD shareholders and remain committed to engaging with them on the merits of our superior bid and advancing our ongoing regulatory review process,” Ellison said.
Paramount is relying on equity backing from three Middle Eastern sovereign wealth funds, including Saudi Arabia. It turned to Apollo Global for much of its debt financing. Warner said this week that Paramount’s proposed $94 billion debt and equity financing package would make its proposed takeover of Warner the largest leveraged buyout ever.
Amid the stalemate, Paramount and Warner stock held steady. Paramount was trading around $12.36, while Warner shares are hovering around $28.50 on Thursday.
New documentary offers a flattering view of Melania Trump without shedding any light on who the first lady is.
First Lady Melania Trump on the American experience
First Lady Melania Trump shares her immigrant story and American pride while revealing her Dolce and Gabbana look at the “Melania” premiere.
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“Melania,” an unprecedented new documentary about first lady Melania Trump, is in theaters now.
Director Brett Ratner returns from Hollywood exile to helm the film.
The movie covers the 20 days leading up to President Donald Trump’s 2025 inauguration.
When is a documentary not a documentary? When the subject is Melania Trump.
That’s not quite a riddle, but the first lady is quite the enigma in “Melania” (★½ out of four; rated PG; in theaters now and streaming later this year on Prime Video), director Brett Ratner’s less-than-revelatory look at the life of the former fashion model and wife of President Donald Trump. The film, which follows the 20 days leading up to the 2025 presidential inauguration, is part reality show and part White House historical video, as Melania Trump narrates a behind-the-scenes glance at her personal and private lives.
“Melania” doesn’t quite work as a documentary, though that doesn’t matter: People who don’t like the Trumps won’t go near the theater, and those who love the Trumps probably will. Just don’t expect much insight either way: While it does offer an extremely flattering view of all things Melania, outside of a few candid glimpses, you’re not really going to learn a lot about who she really is.
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The film begins with the first lady in her element: in heels and on the move. With the Rolling Stones playing in the background, Trump jets from Mar-a-Lago in Florida to Trump Tower in Manhattan, ready to navigate the “complexities of my life” leading up to her return to Washington.
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She meets with her longtime stylist about her inauguration coat and an interior designer about redecorating the White House. Over the next three weeks, she also attends the funeral of President Jimmy Carter; meets with French first lady Brigitte Macron and Queen Rania of Jordan about her “Be Best” campaign; and finally partakes in inaugural parties and balls on what her husband calls the “big day.”
“Melania” marks Ratner’s first feature film since 2014, following a period of Hollywood exile after sexual harassment allegations. No criminal charges were filed and Ratner denied the allegations.
Throughout the movie, Ratner peppers in bits and pieces of Melania Trump’s personality: In one scene, she sings along to her favorite Michael Jackson song, “Billie Jean,” and is also caught doing the “Y.M.C.A.” dance after an inaugural ball. The camera even captures a few interesting moments that aren’t really the focus along the way, like a worried tailor skeptical of a change Trump wants in her inauguration outfit and then-Vice President Kamala Harris looking at her watch backstage with seeming annoyance during the swearing-in ceremony.
But overall those moments showing real personality – especially in regard to the title subject – are few and far between. There’s a long sequence where Trump memorializes her mother Amalija Knavs, as the first anniversary of her death coincides with Carter’s funeral. However, instead of old pictures being shown of Melania and her mom, or a close-up interview with the first lady, the first lady speaks over footage of herself visiting St. Patrick’s Cathedral. In that moment, and others, she talks about being emotional but doesn’t immerse the audience in what she’s feeling. In one case, Melania is seen watching cable news footage of California’s deadly 2025 wildfires and the camera zooms in for tears that never come.
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Because she doesn’t address the camera, “Melania” suffers from a brutal disconnect. Trump speaks about son Barron, but he doesn’t speak about his mom. (Barron, by the way, is low-key the most compelling person in the entire movie because you’re dying to know what this teenager thinks about these events he’s going through.) She talks about a reverence for the military, but Ratner doesn’t show her conversations with soldiers. It’s a strange filmmaking choice for a documentary, though maybe one that’s by design: Melania Trump produced the movie through her new Muse Films company and this is definitely her show.
Everything surrounding “Melania” is political but the movie itself isn’t, for the most part. The president pops up sporadically: His first appearance is as a bobblehead in Melania Trump’s pilot’s cockpit, with “Terminator”-style sunglasses and machine gun. He grumbles about why the national college football championship is the same day as the inauguration (“I think they did that on purpose”), but he’s mainly there to say how great and influential his wife is.
The film ends with the first lady having her official black-and-white photograph taken, and this cinematic portrait, which could have shown insight into a rather unknown public figure, isn’t much more colorful.
This time 36 years ago, Fabrice Morvan was preparing for his first Grammy Awards. It had been a wild few years for the 23-year-old Parisian and his best friend Robert Pilatus from Germany. The duo known as Milli Vanilli had rocketed to fame, going from obscure dancers in Munich to dominate the pop music scene. Not only were they nominated for best new artist, but they were expected to perform live. Underneath it all, the pair were quickly reaching their breaking point.
Don Henley’s “The End of the Innocence” was nominated for both song and record of the year. Indeed, for the tens of millions of Milli Vanilli fans who bought their records, the 1990 Grammy ceremony marked an end of innocence of sorts. To this day, Milli Vanilli are the only artists in the history of the Grammys to have their award revoked.
L-R: The pop duo Milli Vanilli comprised of Fab Morvan and Rob Pilatus, the subject of the Paramount+ documentary Milli Vanilli, streaming on Paramount+ beginning October 24, 2023.
(Ingrid Segeith/Ingrid Segeith/Paramount+)
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“Rob and Fab,” as they were known, never sang — live or in studio — on any of the smash hit singles from their 6x platinum debut North American album, “Girl You Know It’s True.” Their Grammy performance was them lip-synching to a playback.
The real singing was done by paid session vocalists John Davis, Brad Howell and Charles Shaw while Rob and Fab captivated with their charisma, athletic dance moves and eye for style. In the wake of the fallout, Milli Vanilli remained steadfast that what they did was wrong. There was, in fact, plenty of blame to go around even if Rob and Fab suffered the brunt of it.
“They removed the platinum records from the wall at Arista,” says Morvan, now 59. He is perched on the edge of a poolside lounge chair from a boutique hotel in the heart of Hollywood. It’s a sunny December day, but he’s dressed all in black with glasses to match, slim fingers adorned with a custom silver skull ring. He loves the sunshine, but offers for my sake to move somewhere in the shade. Able to pass for decades younger, he now basks in life on the other side of infamy.
“They say the truth will set you free. The truth takes the stairs while the lies take the elevators. And that is true,” Morvan said. “So finally, after 35 years, my truth comes to the surface.”
(Stephen Shadrach)
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Now, in a redemption as astounding as his rise, Morvan is back in the running for the 2026 Grammys as the only person in Recording Academy history nominated after a prior revocation.
This time, the voice is unmistakably his. Nominated in the audio book, narration, and storytelling recording category for his memoir “You Know It’s True: The Real Story of Milli Vanilli,” Morvan’s lilting French dialect and soft tone are hypnotizing and he has a natural knack for storytelling. The recording was performed alone in his home studio.
“They say the truth will set you free. The truth takes the stairs while the lies take the elevators. And that is true. So finally, after 35 years, my truth comes to the surface,” he contends. “And people, they get it, they understand that.”
Sadly, Rob Pilatus isn’t here to see it. Unable to handle the fallout and struggling in addiction, he died in 1998. In one of the more moving parts of his memoir, Morvan speaks to his former partner, laying bare for the first time some of the more unhealthy aspects of their relationship but in a way that makes clear his love for Pilatus runs deep.
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After Pilatus’ death, Morvan tried his best to move on. He taught French at a Berlitz school for a while when not performing at small venues. “I’m not even looking at becoming big,” he told Times journalist Carla Rivera in a 1997 profile. He even had a stint on radio hosting “Fabrice’s Fabulous Flashbacks” for KIIS-FM. But he always returned to making music.
“Music was always there with me,” he says, his excitement building. So when it came to moving forward in life, and, I said, ‘OK, what am I going to do?’ Music kind of popped up and said, ‘Hey, show me how much you love me.’ And then I worked on that, and I learned how to play guitar, and I learned how to produce, and I learned how to write … it allowed me to take the pain away, to remove it.”
But after 20 years in Los Angeles, Morvan felt it was time to leave “Hotel California,” as he calls it, for opportunities in Europe. In a follow-up Zoom call from his home in Amsterdam, he confides that he almost felt like giving up, but figured maybe a change of scenery was what he needed.
“I was very disillusioned,” he says, headphones crowning his dreadlocked updo. “I found a producer that I could work with and build something with, but due to certain circumstances, it didn’t come together. So I met some Dutch people that wanted to launch a fashion line. And I heard that Holland was a place where dance music was evolving.”
Becoming a DJ, he played festivals and kept Milli Vanilli’s legacy alive, performing with a live band.
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Morvan with his wife Tessa van der steen and their four children
While preparing for a project about 15 years ago, Morvan met his current partner, Tessa van der Steen, who is Dutch and works as a health and fitness coach and alternative medicine practitioner. Together, they have four children: a 12-year-old boy, 9-year-old girl, and a set of 4-year-old twin boys.
During Milli Vanilli’s heyday, powerful male (mostly white) figures held the cards, but in this phase of his life it’s women who play big roles. Not mentioned in his book is Kim Marlowe, who Morvan say, in the 1997 Times article was his manager and best friend. They at one point married; Marlowe quietly filed for divorce in L.A. in 2024.
Van der Steen, however, is the love of his life. She had no idea who he was when they first met, he was simply “Fabrice.” And according to Morvan, she is fiercely protective. “Fab is the most loving partner and father I could ever imagine,” Van der Steen writes over email. “We are soulmates. We have been together for more than 15 years. We understand each other, and it happens often that we are thinking of the same things, without saying a word.” She champions his efforts to release original music and continue performing.
In recent years, changes in culture, technology and the music industry have opened up conversations casting Rob and Fab in a more sympathetic light. Morvan himself took part in the well-received 2023 Paramount+ documentary “Milli Vanilli.” That same year, “Girl You Know It’s True,” a well-made biopic directed by Simon Verhoeven, came out.
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And Morvan was caught off guard when Ryan Murphy featured Milli Vanilli prominently in his 2024 series on the Menendez brothers, a move introducing the group to new generations unfamiliar with the story. Motivated by the renewed interest, he recorded a stripped down, acoustic version of the Diane Warren-penned hit “Blame It on the Rain.”
As recently as November, Milli Vanilli came up in the zeitgeist, sparked by a comment on X by veteran producer Jermaine Dupri commenting on AI “artists” charting on Billboard.
Of course there are still detractors, but in an era in which public cancellations abound and apologies are scrutinized for any whiff of inauthenticity, Milli Vanilli’s wrongdoings can now seem quaint.
Benjamin Matheson, assistant professor at the University of Bern’s Institute on Philosophy, studies collective shame and writes on celebrity apology. He offers the startling thought that certain fans might be more willing to forgive a moral wrong, even an egregious one like unlawful intercourse with a minor in the example of director Roman Polanski, as opposed to artistic deception because it can be seen as more authentic.
“I think that perhaps,” Matheson writes over email, “Milli Vanilli suffered because they were an early ‘created’ pop band, and the public hadn’t been acclimatized to this kind of music. Whereas now I think people are much more comfortable with autotuning, AI music, and so on — though I’d love it if there was a bit more push back on this kind of thing.”
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Morvan has plenty of thoughts on the state of the music industry past and present. He welcomes the change in perspective, and while he doesn’t live in regret, looking back, he would give his younger self a little advice.
“Keep working on your craft now. No matter what, and don’t ever start drugs. And don’t let your buddy Rob start with that. With those two, things would have been different.”
The pop duo Milli Vanilli comprised of Rob Pilatus(left) and Fab Morvan are the subject of the Paramount+ documentary Milli Vanilli, streaming on Paramount+ beginning October 24, 2023.
(Paul Cox/Paramount+/Paul Cox/Paramount+)
When the Los Angeles Tribune editorial staff selected “Girl You Know It’s True” as its movie of the year, Morvan met Parisa Rose, his co-writer and executive producer for the recording of the memoir. Rose, a first-time author and mother of two, first met Morvan when she interviewed him for the quirky paper — now in its fourth revival. She is now chief operating officer of the Tribune, which has expanded to include a publishing house.
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Rose, who grew up in Pasadena, helped Morvan reckon with parts of his background he had long buried. One of the most compelling parts of the memoir is when he breaks the fourth wall, narrating letters to individuals from his past.
“You need to say everything you have never said before to them that you’ve always wanted to say,” she says of the exercise they conducted for the interludes. “You need to know that this is the last conversation you will ever have with them. And you need to imagine they are sitting across from you now.” Reached over the phone, Rose said she also helped with research, uncovering details on the seaside sanatorium in France where Morvan spent much of his early childhood.
A great part of Morvan’s motivation for the memoir was to leave a legacy for his kids. His oldest son is getting into music and recently found an old Milli Vanilli vinyl and plays it along with Daft Punk and Michael Jackson. Remaining “zen” about the idea of winning, he’s enjoying the moment. And the big dreams never die. He plans to tour in the next year and come back to perform in America. And who knows? Maybe one day he can play Coachella.
He’s particularly thrilled over his Grammy outfit, a collaboration with Spanish designer Helen López, whom he previously worked with on a Milli Vanilli-inspired line. “When you’ll see what I’m wearing … you’ll see that I don’t play,” he says with a twinkle in his eye. “No matter what the outcome in life, you have to just be, be in the moment. Enjoy the moment. Whatever happens will lead you to something else. I have no expectations.”
A still from ‘Valavaara’.
| Photo Credit: Morph Productions/YouTube
Moments before the intermission of Valavaara (meaning favouritism), the movie’s lead character, Kundesi (Vedic Kaushal), lets out a huge cry of desperation. The scene is a testament to debutant director Sutan Gowda’s control over the craft, as he ensures we are as anxious and stressed about the film’s central plot point as the little boy, Kundesi. We then see a subtle yet “mass” interval bang, as Kundesi breaks the fourth wall with a smile.
Just like the scene, Valavaara maintains a nice balance of tension and hope throughout its nearly two-hour runtime. Kundesi’s trouble arises when his cow goes missing. Without the cow, he can’t think of going back to his house to face his father, whom he hates and fears in equal measure.
Kundesi often wonders why his father (Malathesh HV) is disgusted with him. The little one’s disappointment grows manifold when he sees his father showering his younger brother, Kosudi, with unconditional love. Kundesi’s biggest respite is his mother, who means the world to him. The bonding reimagines Kannada cinema’s familiar trope of mother sentiment with several poignant moments.
One of the film’s strong suits is the comedy; the humour is drawn from hilarious situations and funny dialogue, mostly involving a carefree, aimless youngster, Yadhu (a charming Abhay), who often secretly meets his girlfriend to make love. Yadhu’s arc blends nicely with Kundesi’s pursuit of getting back the cow.
Storyline: A young boy’s quest to find a missing cow that ties into his familys struggles.
A heart-warming film, Valavaara reminds viewers how the Kannada big screen had missed the feeling of tenderness. The slow-growing friendship between Yadhu and Kundesi is fleshed out beautifully. The writing triumphs, as despite tonal shifts, we are never detached from the proceedings. Every plot point leads to Kundesi’s search for his cow, and every time he messes up, we sigh in disappointment.
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Director Sutan Gowda’s economical storytelling ensures the film isn’t pulled down by melodrama. Valavaara has the spirit of a show-burner, but it never forgets to entertain and engage. The captivating cinematography by Balaraja Gowda and Manikanth Kadri’s moving score elevate the movie.
Some dialogues sound philosophical. The film also slightly overstays its welcome. These are minor shortcomings that can be easily ignored, for Valavaara has several moments that shine thanks to the commendable performances of the lead cast.This is a film that feels like a warm hug.