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Paramount Skydance is close to securing roughly $24 billion in equity commitments from Gulf sovereign funds—including about $10 billion from Saudi Arabia’s PIF—to back its proposed acquisition of Warner Bros. Discovery, a move that raises regulatory scrutiny and could enable a potential close by end of July pending approvals.
Bad Robot is downsizing and shuttering its LA offices after a long decline from its 2019 WarnerMedia megadeal (reported then at $250M over five years) and has re-upped with Warner Bros. on a much smaller, first-look non-exclusive deal while offloading assets like its Santa Monica HQ.
Shudder acquired Izabel Pakzad’s feature debut Find Your Friends — a Joshua Tree-set girls’ trip thriller starring Bella Thorne, Chloe Cherry, Helena Howard and Sophia Ali — in a multi-territory deal (North America, UK/Ireland, Spain/Portugal, Australia/NZ) and will release it on Shudder June 12; CAA negotiated and WTFilms handled international sales.
The WGA reached a surprise tentative agreement with studios/streamers: a four-year provisional contract that preserves the health plan (after a $122M fund loss) and addresses free work issues — negotiated by Ellen Stutzman with committee co-chairs John August and Danielle Sanchez-Witzel — prompting relief but also concerns about a longer term amid rapid industry change and AI risks.
Amazon MGM Studios reportedly greenlit a RoboCop TV series under new global TV chief Peter Friedlander; original 2024 attachments included Peter Ocko as showrunner and James Wan producing via Atomic Monster.
Thanksgiving 2 is in development at TriStar/Sony and Spyglass with Eli Roth attached; star Jalen Thomas Brooks says the sequel will answer lingering questions and raise the stakes, though production timing has been delayed by cast scheduling.
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