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Entertainment giant Paramount agrees to a merger with Skydance

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Entertainment giant Paramount agrees to a merger with Skydance

NEW YORK (AP) — Entertainment giant Paramount, which owns CBS and was behind blockbuster films such as “Top Gun” and “The Godfather” has agreed to merge with Skydance, the companies said.

The new combined company is valued at around $28 billion.

“Given the changes in the industry, we want to fortify Paramount for the future while ensuring that content remains king,” said Shari Redstone, chair of Paramount Global.

Redstone’s National Amusements owns more than three-quarters of Paramount’s Class A voting shares though the estate of her late father, Sumner Redstone, according to data firm FactSet. Shari Redstone had battled to keep control of the company.

Skydance, based in Santa Monica, California, has helped produce some major Paramount hits in recent years. Those include several Tom Cruise films including “Top Gun: Maverick” and installments of the “Mission Impossible” series.

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Skydance was founded in 2010 by David Ellison, son of billionaire Larry Ellison, the founder of the software company Oracle. It quickly formed a production partnership with Paramount that same year.

David Ellison will be chairman and chief executive officer of what’s being called New Paramount. The agreement still needs regulatory approval.

The on-again, off-again merger arrives at tumultuous time for Paramount, which in an annual shareholder meeting in early June laid out a restructuring plan that includes major cost cuts. The company also saw a leadership shakeup earlier this year.

Paramount has struggled in an evolving media landscape, particularly as its traditional cable business has declined. To capture today’s growing streaming audience, the company launched Paramount+ back in 2021, but losses and debts have still piled up over time.

Sumner Redstone used National Amusements, his family’s movie theater chain, to build a vast media empire that included CBS and Viacom, which have merged and separated a number of times over the years. Most recently, the companies re-joined forces in 2019, undoing the split consummated in 2006. The company, ViacomCBS, changed its name to Paramount Global in 2022.

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Under Sumner Redstone’s leadership, Viacom became one of the nation’s media titans, home to pay TV channels MTV and Comedy Central and movie studio Paramount Pictures.

Skydance wasn’t the only one to make a Paramount bid in recent months — Apollo Global Management and Sony Pictures also made competing offers. Late last year, Warner Bros. Discovery also made headlines for exploring a potential merger with Paramount. But by February, Warner had reportedly halted those talks.

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Protests across Europe as Gaza war anniversary nears

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Protests across Europe as Gaza war anniversary nears

The war in Gaza, which started on 7 October last year, has seen more than 41,000 Palestinians killed and decimated the Strip. Almost 100 Israelis are still being held hostage by Hamas, with fewer than 70 believed to be alive.

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Thousands of people have staged protests in capitals across Europe in support of Palestine in the run-up to the first anniversary of the war on 7 October.

Huge rallies took place in several major European cities, with rallies expected to continue over the weekend and peak on Monday, the date of the anniversary.

Italy

In Rome, several thousand demonstrated peacefully until a smaller group tried to push the rally toward the centre of the city, in spite of a ban by local authorities who refused to authorize protests, citing security concerns.

Some protesters, dressed in black and with their faces covered threw stones, bottles and paper bombs at the police, who responded with tear gas and water cannons, eventually dispersing the crowd.

At least 30 law enforcement officers and three demonstrators were injured in the clashes, local media reported.

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The rally in Rome had been calm earlier, with people chanting “Free Palestine, Free Lebanon,” waving Palestinian flags and holding banners calling for an immediate stop to the conflict.

United Kingdom

In London, thousands marched through the capital to Downing Street amid a heavy police presence.

The atmosphere was tense as pro-Palestinian protesters and counterdemonstrators, some holding Israeli flags, passed one another.

Scuffles broke out as police officers pushed back activists trying to get past a cordon.

At least 17 people were arrested on suspicion of public order offences, supporting a proscribed organisation and assault, the Metropolitan Police said.

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Spain

Thousands also took to the streets of Madrid to demand a ceasefire in Gaza.

The protests were peaceful and there were no reported incidents of altercations with police.

“Outrage at this situation, thousands and thousands of people killed in Gaza, now in Lebanon, there are already more than 2,000, more than 10,000 people missing. This has to be stopped one way or another,” said Enrique Quintanilla from the ‘Disarm Madrid’ group.

Germany

In the northern of Hamburg, about 950 people staged a peaceful demonstration with many waving Palestinian and Lebanese flags and chanting “Stop the Genocide,” the DPA news agency reported, citing a count by police.

Two smaller pro-Israeli counterdemonstrations took place without incident, it said.

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Serbia

A smaller protest of around 200 people happened in Belgrade with protesters chanting “Free Palestine” and expressing their anger at their government’s support for Israel.

“The main message is that we, citizens of Serbia and Belgrade, are against arms exports to Israel. The Republic of Serbia is exporting arms to Israel. Since October 7 last year, the value of weapons exported to Israel from Serbia is at least 20 million euros. We are against that,” said protest organiser, Mihajlo Nikolic.

Rallies were also planned in several other countries across Europe including Greece, the Netherlands, Denmark and Switzerland.

Increased security

Security forces in several countries warned of heightened levels of alert in major cities, amid concerns that the conflict in the Middle East could inspire new terror attacks in Europe or that the protests could turn violent.

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Pro-Palestinian protests calling for an immediate cease-fire have repeatedly taken place across Europe and around the globe in the past year and have often turned violent with confrontations between demonstrators and law enforcement officers.

A bloody year

On 7 October last year, Hamas launched a surprise attack into Israel, killing 1,200 Israelis, taking 250 people hostage and setting off a war with Israel that has shattered much of the Hamas-controlled Gaza Strip.

More than 41,000 Palestinians have been killed since then in Gaza, according to the Gaza Health Ministry, which does not differentiate between fighters and civilians.

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Nearly 100 Israeli hostages remain in Gaza, with fewer than 70 believed to be alive. 

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Verdugo's go-ahead single and acrobatic catch lift Yankees over Royals 6-5 in ALDS opener

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Verdugo's go-ahead single and acrobatic catch lift Yankees over Royals 6-5 in ALDS opener

NEW YORK (AP) — Alex Verdugo hit a tiebreaking single in the seventh inning and saved at least one run with a sliding catch along the left-field line, boosting the New York Yankees over the Kansas City Royals 6-5 on Saturday night in their AL Division Series opener.

New York’s Gleyber Torres and Kansas City’s MJ Melendez hit two-run homers in a back-and-forth game in which the Royals wasted leads of 1-0, 3-2 and 5-4 and the Yankees failed to hold 2-1 and 4-3 margins. It was the first postseason game with five lead changes, according to the Elias Sports Bureau.

Kansas City pitchers tied their season high with eight walks, forcing in a pair of runs in the fifth inning. The Yankees were just 1 for 11 with runners in scoring position before Verdugo lined a single off loser Michael Lorenzen.

Verdugo’s hit scored Jazz Chisholm Jr., who singled leading off and stole second on a play allowed to stand following a video review. Yankees manager Aaron Boone started Verdugo in left over rookie Jasson Domínguez in a defense-influenced decision. Verdugo entered the game in a 2-for-34 skid at the plate

With the Yankees trailing 3-2, Verdugo made a sliding catch on Michael Massey’s fourth-inning fly just inside the line to strand two runners. The ball hit Verdugo’s right wrist just below his glove and bounced off his chest before he grabbed it with his bare left hand.

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Chisholm, playing third base this year for the first time after the Yankees acquired him from Miami at the July trade deadline, made three fine defensive plays, two with the help of first baseman Oswaldo Cabrera, starting because of Anthony Rizzo’s fractured fingers.

Four Yankees relievers combined to allow only an unearned run over four innings after ace Gerrit Cole came out, unhappy with his performance. Clay Holmes, dropped from his closer’s job last month, worked 1 2/3 innings for the win. Luke Weaver got four straight outs for the save in his postseason debut.

Yankees star Aaron Judge went 0 for 4 with three strikeouts, and Royals standout Bobby Witt Jr. was 0 for 5, barking at plate umpire Adam Hamari after a called third strike in the ninth.

Juan Soto went 3 for 5 and threw out Salvador Perez in the second inning trying to score from second on Melendez’s single to right. Kansas City first baseman Yuli Gurriel threw out runners at the plate on grounders in the first and fifth.

After a day off between Games 1 and 2, the series between the AL-best Yankees and wild-card Royals resumes Monday night. These teams met in four playoffs from 1976-80, with the Yankees winning the first three and getting swept in the last.

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Cole allowed four runs — three earned — and seven hits in five-plus innings. Royals starter Michael Wacha gave up three runs, four hits and three walks in four-plus innings.

Tommy Pham hit a second-inning sacrifice fly, and Torres put the Yankees ahead 2-1 in the third with a 339-foot home run just over the right-field short porch.

Melendez’s two-run homer in the fourth gave Kansas City a 3-2 lead, but Royals pitchers issued four seven-pitch walks in the fifth, forcing in runs with walks by Angel Zerpa to Austin Wells and by John Schreiber to Anthony Volpe. The Yankees had not gotten a pair of bases-loaded walks in a postseason game since Bullet Joe Bush and Joe Dugan against the New York Giants’ Rosy Ryan in Game 6 of the 1923 World Series.

Volpe’s throwing error at shortstop set up pinch-hitter Garrett Hampson’s two-run, sixth-inning single through a drawn-in infield that put the Royals ahead 5-4. Wells’ two-out RBI single off Lorenzen tied the score in the bottom half.

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New York’s Carlos Rodón (16-9, 3.96 ERA) starts against the Royals’ Cole Ragans (11-9, 3.14) in a matchup of left-handers. Rodón made a pair of postseason appearances for the Chicago White Sox, in relief against Oakland in 2020 and a start against Houston in 2021 which he pitched 2 2/3 innings, allowing Carlos Correa’s go-ahead, two-run double. Ragans won the Wild Card Series opener at Baltimore on Tuesday with six scoreless innings of four-hit ball.

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AP MLB: https://apnews.com/hub/mlb

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Netanyahu calls Macron, other Western leaders who support arms embargo against Israel a ‘disgrace’

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Netanyahu calls Macron, other Western leaders who support arms embargo against Israel a ‘disgrace’

Israeli Prime Minister Benjamin Netanyahu slammed French President Emmanuel Macron and other Western leaders on Saturday who he said had called for an arms embargo on Israel over its airstrikes against Hamas in Gaza. 

“As Israel fights the forces of barbarism led by Iran, all civilized countries should be standing firmly by Israel’s side, yet President Macron and other western leaders are now calling for arms embargoes against Israel. Shame on them, “Netanyahu said in a statement. 

He continued, “Is Iran imposing an arms embargo on Hezbollah, on the Houthis, on Hamas and on its other proxies? Of course not. This axis of terror stands together, but countries who supposedly oppose this terror axis call for an arms embargo on Israel.”

Netanyahu called their stance a “disgrace,” adding that Israel would win “with or without their support, but their shame will continue long after the war is won.”

TRUMP SAYS ISRAEL SHOULD HIT IRAN’S NUCLEAR FACILITIES, SLAMMING BIDEN’S RESPONSE

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Israeli Prime Minister Benjamin Netanyahu, left, slammed French President Macron and other Western leaders on Saturday who he said had called for an arms embargo on Israel over its airstrikes against Hamas.  (Reuters)

He said, “in defending ourselves against this barbarism, Israel is defending civilization against those who seek to impose a dark age of fanaticism on all of us. Rest assured, Israel will fight until the battle is won – for our sake and for the sake of peace and security in the world.”

Netanyahu noted that Israel is defending itself on seven different fronts, including Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Lebanon, Shiite militias in Iraq and Syria, terrorists in Judea and Samaria and Iran. 

On Saturday, Macron said France would no longer supply arms to Israel, although the country will continue to send missile defense equipment.

“I think that today, the priority is that we return to a political solution, that we stop delivering weapons to fight in Gaza,” Macron said in an interview, according to Euro News. 

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Hezbollah terror tunnel

On Saturday, the Israel Defense Forces said it had raided and dismantled a Hezbollah underground command complex.  (Israeli Defense Forces)

Also on Saturday, the Israel Defense Forces (IDF) said it had raided and dismantled a Hezbollah underground command complex in Lebanon. 

“The troops entered a terror tunnel about 250 meters long, located about 300 meters from the border and not crossing into Israeli territory,” IDF spokesperson Rear Admiral Daniel Hagari said in a press conference.

FEDERAL AUTHORITIES ISSUE WARNING AHEAD OF OCT 7 ATTACKS ANNIVERSARY

He said a kitchenette and rooms that allowed for extended stays underground along with weapons and command rooms were found inside the complex. 

“These compounds were intended to be used by Hezbollah terrorists in an attack on the communities of the Galilee,” he said. “This tunnel did not cross into our territory, and yesterday we destroyed it.”

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IDF dismantling terror tunnel

The Israel Defense Forces dismantle a terror tunnel in Lebanon. (Israel Defense Forces)

The U.S. continues to supply Israel with arms, although President Biden has spoken out against the country’s approach to its war with Gaza where tens of thousands of civilians have died. 

 “I think what he’s doing is a mistake,” Biden said in August, while continuing to call for a cease-fire. “I don’t agree with his approach.” 

This week in a surprise appearance at a White House press briefing, Biden, in answering a reporter, said he wasn’t sure if Netanyahu was holding off on a cease-fire to influence the November election. 

“Whether he’s trying to influence the election, I don’t know – but I’m not counting on that,” Biden said. “No administration has helped Israel more than I have. None, none, none, and I think he should remember that.”

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