Entertainment
Paramount throws in more cash in bid for Warner; Comcast wants to combine assets with NBCUniversal
Paramount is raising the stakes in its bid for Warner Bros. Discovery, upping its offer for the assets with backing from Middle Eastern sovereign wealth funds, including Saudi Arabia, while rival Comcast has proposed creating a new entertainment entity.
Instead of offering cash, Comcast has proposed combining NBCUniversal with HBO and the Warner Bros. film and television studios to form a separate stand-alone entertainment company, according to people familiar with the bids but not authorized to comment.
Such a combination would marry robust film studios, deep libraries and middling streaming services, Warner’s HBO Max and NBCUniversal’s Peacock. It would give Universal’s theme parks a wealth of fan-favorite characters — including Batman, Harry Potter and Sheldon Cooper to build new attractions.
Comcast, which would maintain the controlling stake, is not interested in absorbing Warner’s basic cable channels.
Representatives of Paramount, Comcast, Netflix and Warner Bros. Discovery declined to comment, citing the confidential nature of the bids.
Comcast, Netflix and Paramount each submitted second-round proposals to Warner’s bankers Monday. Warner Bros. Discovery hopes to select an auction winner this month.
Paramount, controlled by Oracle co-founder Larry Ellison and his family, has been pursuing Warner Bros. Discovery since September — one month after the billionaire family took the keys to Paramount from former owner Shari Redstone.
With its latest offer, Paramount is hoping to stay competitive with a largely cash bid from streaming giant Netflix, which is interested in Warner Bros.’ enduring intellectual property and the studio’s prestigious 110-acre lot in Burbank.
Bid amounts were unclear Tuesday.
However, analysts say the various combinations could value Warner Bros. Discovery at nearly $70 billion — triple the company’s trading levels in early September.
Paramount is the only bidder interested in swallowing Warner’s portfolio of cable channels that include CNN, TNT, Food Network, Cartoon Network and TLC.
Paramount’s bid provides debt financing from Apollo Global Management and sovereign wealth funds from Saudi Arabia, Qatar and the United Arab Emirates, the knowledgeable people said. Should Paramount win the Warner auction, the Ellison family and RedBird Capital Partners would maintain majority control of the bulked-up enterprise.
The Middle Eastern investors would have only a small stake, one of the knowledgeable people said.
Variety and Bloomberg previously reported on the Middle Eastern wealth funds’ involvement in Paramount’s bid. Bloomberg first reported on Comcast‘s bid structure.
Each of the various deal configurations would face stiff regulatory scrutiny.
President Trump considers Larry Ellison a friend, so Paramount’s proposed takeover of Warner probably would face a smooth regulatory review process in the U.S. The president has indicated he prefers having Ellison control CBS — part of Paramount — and CNN, which is owned by Warner Bros. Discovery.
Combining Paramount Pictures and Warner Bros. would give the company about 30% of domestic movie box office.
Still, foreign regulators might wince at a deal that was heavily pushed by Trump, not to mention one that includes Saudi investors in a major entertainment entity that owns CNN, one of the world’s largest news organizations.
Last month, tech scion David Ellison, chairman and chief executive of Paramount, was guest at a White House dinner to honor Saudi Crown Prince Mohammed bin Salman.
That state dinner — seven years after bin Salman was considered a pariah after the murder of journalist Jamal Khashoggi — underscored Washington’s increasingly warm relations with the Saudi royal family.
But any deal also would be subject to regulators in Europe and Asia.
Comcast would encounter a particularly bumpy regulatory path.
The Philadelphia firm is controlled by cable mogul Brian Roberts, who has long felt Trump’s scorn, in part because of his company’s ownership of liberal-leaning news channel MS NOW, previously known as MSNBC. Comcast is in the process of spinning off MS NOW and other cable channels into a new company called Versant.
Still, some observers believe that opposition by Trump would be enough to thwart Justice Department approval of a Comcast takeover of Warner Bros.
Netflix’s bid also has raised antitrust concerns.
“If Netflix acquires Warner Bros., the streaming wars are effectively over,” Bank of America media analysts wrote in a report this week. “Netflix would become the undisputed global powerhouse of Hollywood beyond even its currently lofty position.”
The Los Gatos, Calif., streaming pioneer has more than 300 million subscribers worldwide. Adding HBO Max would give the company 70 million more, which would dwarf competing services.
“Netflix currently wields unequaled market power,” U.S. Rep. Darrell Issa (R-Bonsall) wrote in a letter last month to U.S. Atty. Gen. Pam Bondi, whose department would oversee the deal review.
“Adding both HBO Max’s subscribers and Warner Bros.’ premier content rights would further enhance this position, reportedly pushing the combined entity above a 30 percent share of the streaming market: a threshold traditionally viewed as presumptively problematic under antitrust law,” Issa wrote.
Movie Reviews
Movie Review | Sentimental Value
Sentimental Value (Photo – Neon)
Full of clear northern light and personal crisis, Sentimental Value felt almost like a throwback film for me. It explores emotions not as an adjunct to the main, action-driven plot but as the very subject of the movie itself.
Sentimental Value
Directed by Joachim Trier – 2025
Reviewed by Garrett Rowlan
The film stars Stellan Skarsgård as Gustav Borg, a 70-year-old director who returns to Oslo to stir up interest in a film he wants to make, while health and financing in an era dominated by bean counters still allow it. He hopes to film at the family house and cast his daughter Nora, a renowned stage actress in her own right, as the lead. However, Nora struggles with intense stage fright and other personal issues. She rejects the role, disdaining the father who abandoned the family when he left her and her sister Agnes as children. In response, Gustav lures a “name” American actress, Rachel Keys (Elle Fanning), to play the part.
Sentimental Value, written by director Joachim Trier and Eskil Vogt, delves into sibling dynamics, the healing power of art, and how family trauma can be passed down through generations. Yet the film also has moments of sly humor, such as when the often oblivious Gustav gives his nine-year-old grandson a birthday DVD copy of Gaspar Noé’s dreaded Irreversible, something intense and highly inappropriate.
For me, the film harkens back to the works of Ingmar Bergman. The three sisters (with Elle Fanning playing a kind of surrogate sister) reminded me of the three siblings in Bergman’s 1972 Cries and Whispers. In another sequence, the shot composition of Gustav and his two daughters, their faces blending, recalls the iconic fusion of Liv Ullmann and Bibi Andersson’s faces in Persona.
It’s the acting that truly carries the film. Special mention goes to Renate Reinsve, who portrays the troubled yet talented Nora, and Stellan Skarsgård as Gustav, an actor unafraid to take on unlikable characters (I still remember him shooting a dog in the original Insomnia). In both cases, the subtle play of emotions—especially when those emotions are constrained—across the actors’ faces is a joy to watch. Elle Fanning and Inga Ibsdotter Lilleaas (who plays Agnes, the other sister with her own set of issues) are both excellent.
It’s hardly a Christmas movie, but more deeply, it’s a winter film, full of emotions set in a cold climate.
> Playing at Landmark Pasadena Playhouse, Laemmle Glendale, and AMC The Americana at Brand 18.
Entertainment
Appreciation: Rob Reiner’s humanity was a signature of his TV work, in front of and behind the camera
Rob Reiner was a movie director who began as an actor who wanted to direct movies. The bridge between these careers was “This Is Spinal Tap” in 1984, his first proper film, in which he also acted. His original inclination, based on the music documentaries he had studied, had been not to appear onscreen, but he decided there was practical value in greeting the audience with a face familiar from eight seasons of “All in the Family” as Archie Bunker’s left-wing son-in-law, Michael “Meathead” Stivic.
Reiner’s television career began at 21, partnered with Steve Martin, writing for “The Smothers Brothers Comedy Hour.” As an actor, his early years were characterized by the small parts and guest shots that describe the early career of many performers we come to know well. He played multiple characters on episodes of “That Girl” and “Gomer Pyle, USMC,” a delivery boy on “Batman,” and appeared on “The Andy Griffith Show” and “Room 222.” His last such role, in 1971, the same year “All in the Family” premiered, was on “The Partridge Family” as a tender-hearted, poetry-writing, tattooed biker who becomes attached to Susan Dey‘s character and somewhat improbably takes her to a school dance. It’s a performance that prefigures the tenderness and humanity that would become a signature of his work as a writer, director and performer — and, seemingly, a person.
On “All in the Family,” in his jeans and work shirt, with a drooping mustache that seemed to accentuate a note of sadness, Reiner largely played the straight man, an irritant to Carroll O’Connor’s Archie Bunker, teeing up the issue-oriented dialectic. Once in a while he’d be given a broad comic meal to chew, as when wife Gloria (Sally Struthers) goes into labor while they’re out for dinner, and he accelerates into classic expectant-father sitcom panic. But minus the “Meathead” material, “All in the Family” is as much a social drama as it is a comedy, with Mike and Gloria struggling with money, living with her parents, new parenthood, and a relationship that blows hot and cold until it finally blows out for good. He’s not a Comic Creation, like Archie or Edith with their malaprops and mispronunciations, or even Gloria, but his importance to the storytelling was certified by two supporting actor Emmys.
Rob Reiner, Sally Struthers, Caroll O’Connor and Jean Stapleton in a scene from Norman Lear’s television series “All in the Family.”
(Bettmann Archive via Getty Image)
What Reiner carried from “Family” into his later appearances was a sort of bigness. He could seem loud — and loudness is something Norman Lear’s shows reveled in — even when he’s speaking quietly. Physically he occupied a lot of space, more as time went on, and beginning perhaps with “Spinal Tap,” in which he played director Marty DiBergi, he transformed tonally into a sort of gentle Jewish Buddha. In the 2020 miniseries “Hollywood,” Ryan Murphy’s alternate history of the 1930s picture business, the studio head he plays is not the desk-banger of cliche, but he is a man with an appetite. (“Get me some brisket and some of those cheesy potatoes and a lemon meringue pie,” he tells a commissary waiter — against doctor’s orders, having just emerged from a heart attack-induced coma. “One meal’s not going to kill me.”) He’s the boss, but, in a scene as lovely as it is historically unlikely, he allows his wife (Patti LuPone), who has been running things during his absence, to also be the boss.
Reiner left “All in the Family” in 1978, after its eighth season to explore life outside Michael Stivic. (In 1976, while still starring on “Family,” he tested those waters, appearing on an episode of “The Rockford Files” as a narcissistic third-rate football player.) “Free Country,” which he co-created with frequent writing partner Phil Mishkin, about a family of Lithuanian immigrants in the early 1900s, aired five episodes that summer. The same year, ABC broadcast the Reiner-Mishkin-penned TV movie “More Than Friends” (available on Apple TV) in which Reiner co-starred with then-wife Penny Marshall. Directed by James Burrows, whose dance card would fill up with “Taxi,” “Cheers” and “3rd Rock From the Sun,” it’s in some respects a dry run for Reiner’s “When Harry Met Sally…,” tracking a not-quite-romantic but ultimately destined relationship across time.
Future Spinal Tap lead singer Michael McKean appears there as a protest singer, while the 1982 CBS TV movie “Million Dollar Infield,” written again with Mishkin, features Reiner alongside future Spinal Tap lead guitarist Christopher Guest and bassist Harry Shearer; it’s a story of baseball, families and therapy. Co-star Bruno Kirby the year before had co-written and starred in Reiner’s directorial debut, “Tommy Rispoli: A Man and His Music,” a short film that aired on the long-gone subscription service On TV as part of the “Likely Stories” anthology. Kirby’s character, a Frank Sinatra-loving limo driver (driving Reiner as himself), found its way into “This Is Spinal Tap,” though here he is the center of a Reineresque love story.
After “Spinal Tap,” as Reiner’s directing career went from strength to strength, he continued to act in other people’s pictures (“Sleepless in Seattle,” “Primary Colors,” “Bullets Over Broadway” and “The Wolf of Wall Street,” to name but a few) and some of his his own, up to this year’s “Spinal Tap II: The End Continues.” On television, he mostly played himself, which is to say versions of himself, on shows including “It’s Garry Shandling’s Show,” “Curb Your Enthusiasm” and, of all things, “Hannah Montana,” with a few notable exceptions.
Rob Reiner and Jamie Lee Curtis play the divorced parents of Jess (Zooey Deschanel) in Fox’s “New Girl.”
(Ray Mickshaw / Fox)
The most notable of these, to my mind, is “New Girl,” in which Reiner appeared in 10 episodes threaded through five of the series’ seven seasons, as Bob Day, the father of Zooey Deschanel’s Jess. Jamie Lee Curtis, married to Guest in the real world, played his ex-wife, Joan, with Kaitlin Olson as his new, much younger partner, Ashley, who had been in high school with Jess. He’s positively delightful here, whether being overprotective of Deschanel or suffering her ministrations, dancing around Curtis, or fencing with Jake Johnson’s Nick. Improvisational rhythms characterize his performance, whether he’s sticking to the script or not. Most recently, he recurred in the fourth season of “The Bear,” which has also featured Curtis, mentoring sandwich genius Ebraheim (Edwin Lee Gibson); their scenes feel very much like what taking a meeting with Reiner might be like.
Coincidentally, I have had Reiner in my ear over the past couple of weeks, listening to the audiobook version of “A Fine Line: Between Stupid and Clever,” which he narrates with contributions from McKean, Shearer and Guest. A story of friendship and creativity and ridiculousness, all around a wonderful thing that grew bigger over the years, Reiner’s happy reading throws this tragedy into sharper relief. I have a DVD on the way, though I don’t know when I’ll be up to watching it. I only know I will.
Movie Reviews
No More Time – Review | Pandemic Indie Thriller | Heaven of Horror
Where is the dog?
You can call me one-track-minded or say that I focus on the wrong things, but do not include an element that I am then expected to forget. Especially if that “element” is an animal – and a dog, even.
In No More Time, we meet a couple, and it takes quite some time before we suddenly see that they have a dog with them. It appears in a scene suddenly, because their sweet little dog has a purpose: A “meet-cute” with a girl who wants to pet their dog.
After that, the dog is rarely in the movie or mentioned. Sure, we see it in the background once or twice, but when something strange (or noisy) happens, it’s never around. This completely ruins the illusion for me. Part of the brilliance of having an animal with you during an apocalyptic event is that it can help you.
And yet, in No More Time, this is never truly utilized. It feels like a strange afterthought for that one scene with the girl to work, but as a dog lover, I am now invested in the dog. Not unlike in I Am Legend or Darryl’s dog in The Walking Dead. As such, this completely ruined the overall experience for me.
If it were just me, I could (sort of) live with it. But there’s a reason why an entire website is named after people demanding to know whether the dog dies, before they’ll decide if they’ll watch a movie.
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