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Senate Democrats Warn FCC Over Foreign Influence In Paramount-WBD Deal

Senate Democrats urged the FCC to subject the Paramount–Warner Bros. Discovery transaction’s foreign equity syndication to full-commission scrutiny; disclosed foreign ownership would total 49.5% including Gulf sovereign funds and raised concerns about press freedom and influence while Paramount says the Ellison family retains voting control and Team Telecom/CFIUS reviews are underway.

Deadline · May 22
Film Top Stories

‘Cliffhanger’ Climbing To New U.S. Home With Neon’s Decal Label In Pole Position

Neon’s Decal is in pole position to acquire U.S. distribution for the Cliffhanger reboot after Row K’s troubles; the pic was previously an eight-figure Row K pickup, Row K may remain involved, and a release window could move from Aug 2026 into early 2027.

Deadline · May 22
Industry Top Stories

Lionsgate Swings to Quarterly Profit on Higher Revenues

$70.2M Q4 net profit and $906.5M revenue; motion picture revenue rose to $652M helped by The Housemaid’s ~$400M global box office and strong ancillary library performance; Lionsgate is advancing sequels, live-stage adaptation and a Dec. 17, 2027 Paul Feig-directed Housemaid sequel while predicting further upside from Michael and expanded episodic deliveries.

THR · May 22
Film Top Stories

A24 Wraps First Production In India With Dev Patel's 'The Peasant'

A24 wrapped production on Dev Patel’s revenge-action thriller The Peasant, marking the company’s first shoot in India; Patel directed and co-wrote, A24 holds global rights, and the pic was produced with Thunder Road and Patel’s Minor Realm across multiple Indian states.

Deadline · May 22
Industry Top Stories

Heated $2B Requirements: MPA Livid As Canada Jacks Up Streamers’ Content Revenue Contributions

CRTC; streamers must contribute 15% of Canadian revenue (~C$2B/year target, ≈US$1.46B) toward Canadian and Indigenous content; discoverability rules for platforms also mandated; MPA condemns move as discriminatory and warns of trade and investment impacts.

Deadline · May 22
Film Top Stories

Radio Silence Is Directing A CHOOSE YOUR OWN ADVENTURE Movie

20th Century Studios has tapped Radio Silence (Matt Bettinelli-Olpin and Tyler Gillett) to direct a Choose Your Own Adventure feature adaptation, with Tom Bissell scripting; the move places a proven horror-capable duo on an IP with multi-genre franchise potential.

Fangoria · May 22
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