Paramount Global has sold its 13% equity interest in Viacom18 Media to Indian conglomerate Reliance Industries for the equivalent $517 million.
26.02.2024 - 09:11 / deadline.com
EXCLUSIVE: The news when Deadline speaks to Lisa Kramer is the launch of a Paramount+ branded hub with African pay-TV giant MultiChoice. But a conversation with the President, International TV Licensing at Paramount Global Content Distribution (PGCD), offers a much wider insight into the world of TV in 2024.
The African launch is a case in point. The tie-up sees the Showmax owner ink a deal for a Paramount+ hub, bringing a raft of the studio’s content together in a branded block that will be available across the pay TV giant’s pan-African footprint. The deal puts the Paramount+ brand front and center, and hands MultiChoice content from CBS, Showtime, Paramount+ and Paramount Pictures ranging from Yellowstone to Poker Face to Special Ops: Lioness and Survivor.
The deal is indicative of a new approach to Paramount+. Rolling out a standalone Paramount+ service comes with hefty launch and operational costs and means being in direct competition with other streamers. Launching a branded hub, meanwhile, gets the brand into homes and delivers to the Paramount Global bottom line. Other hubs have recently been set up in Belgium, India, Greece and the Philippines.
“The company leaned heavily into launching Paramount+ and actually had tremendous success, the launches in territories were very noisy,” Kramer said. With huge investments in streaming under investor scrutiny, however, “there was a decision to be made” she added, and the question quickly became: “Do we continue to roll out these very large flagship Paramount+ [services], or do we look at the markets outside of that footprint and take a different strategy.”
Paramount Global CEO Bob Bakish wants the company to refocus on U.S. content and franchises, a move that has seen
Paramount Global has sold its 13% equity interest in Viacom18 Media to Indian conglomerate Reliance Industries for the equivalent $517 million.
Naman Ramachandran India premieres of France’s “The Taste of Things” and Korea’s “Exhuma” will open and close respectively the first edition of India’s Cinevesture International Film Festival. Tran Anh Hung won best director at Cannes 2023 for “The Taste of Things,” which was subsequently submitted as France’s official entry to the Oscars’ international feature category.
Patrick Frater Asia Bureau Chief Lily Franky, the Japanese acting sensation who starred in “Shoplifters” and “Like Father Like Son,” heads the cast of “Diamonds in the Sand,” a multinational co-production that appears at the Hong Kong — Asia Film Financing Forum (HAF) as a work in progress. Developed and directed by Janus Victoria, the film started as an exploration of the Japanese phenomenon of kodokushi, or lonely death, where elderly people who live alone are discovered dead only months after their passing due to the isolated lives that they lead.
The Sundance Grand Jury Prize-winning film A New Kind of Wilderness has bowed at the Thessaloniki International Documentary Festival in Greece, marking its European premiere.
Leo Barraclough International Features Editor The 44th edition of genre film festival Fantasporto, which runs in Portugal’s second city Porto from March 1-10, has bestowed its best film award on Japanese sci-fi fantasy pic “From the End of the World,” directed by Kaz I Kiriya. The movie follows 10-year-old Hana, whose dreams transport her across various eras in Japanese history, and have the ability to save humanity. The jury’s special award went to “The Complex Forms,” Italian director Fabio D’Orta’s debut feature.
Alexei Navalny’s sacrifice for democracy is being recognized in the place where the concept of government by the people first flourished.
Patrick Frater Asia Bureau Chief A year after announcing the ambitious project, The Philippines ABS-CBN is now in production on new series “The Bagman.” Filming began in Manila on Feb. 25. “The Bagman” is a spin-off from the original, locally-produced digital series “Bagman” that was aimed at the Filipino audience.
Netflix’s has unveiled a slate of female-led African projects to coincide with International Women’s Month.
Good afternoon Insiders, Jesse Whittock with you in London, where the TV world has decamped this week for a series of screenings. Read on, and sign up for the newsletter here.
Naman Ramachandran Warner Bros. Discovery and Room to Read have partnered on “She Creates Change,” an animation and live-action film project to promote gender equality through the stories of young women around the world. Room to Read is a global education nonprofit aiming to creating a world free from illiteracy and gender inequality.
$10 billion Sony-ZEE merger plans and late February’s confirmation that Mukesh Ambani’s Reliance Industries (which incorporates Viacom18 and streamer JioCinema) is to tie up most of Disney’s streaming and pay-TV businesses in an $8.5 billion deal, Indian media is set to gain a new market leader. For local and international operators in the world’s most populous nation, the consequences of those tectonic shifts extend across streaming, pay-TV, channels, advertising, sports and content.
Elsa Keslassy International Correspondent A rare flagship indie producer left on the French market, Bruno Nahon‘s Paris-based company Unité is preparing to conquer international audiences with “Rematch,” a period psychological thriller chronicling the historical battle between world chess champion Garry Kasparov (Christian Cooke, “That Dirty Black Bag”), and IBM’s supercomputer Deep Blue in 1997. The sprawling show, directed by Yan England (“The Red Band Society”) and co-created with Nahon and André Gulluni (“Sam”), was commissioned by Arte in France and has already been sold by Federation Studios to major outlets around the world, including HBO Europe for Spain, Portugal, the Nordics, Iceland, Baltics, Central Europe, Greece and the Netherlands.
Leo Barraclough International Features Editor The Playmaker has closed a raft of pre-sales deals on “Ploey 2 – The Legend of the Winds,” which was presented to international buyers for the first time at the European Film Market this month. The Playmaker screened an exclusive first-look teaser at its booth in Berlin as well as a promo for attending buyers.
Thania Garcia Los Angeles-based duo the Driver Era is hitting the road for a 17-city tour across North America. With over three albums to date, brothers Ross and Rocky Lynch will again begin touring on April 2 in Pittsburgh’s Roxian Theatre and hit venues in New York, New Jersey, Quebec and more before wrapping in Toronto on May 8.
Leo Barraclough International Features Editor The Match Factory has revealed multiple distribution deals for two Berlinale competition titles: German director Matthias Glasner‘s “Dying,” which won the festival’s Silver Bear for best screenplay, and Russian director Victor Kossakovsky‘s documentary “Architecton.” “Dying,” which stars Lars Eidinger, Lilith Stangenberg and Corinna Harfouch, also picked up the Guild of German Arthouse Cinemas and the Berliner Morgenpost Readers’ Jury Award. Variety‘s review describes the film as “a profoundly affecting exploration of life and loss.” The Match Factory closed deals for the film in France (Bodega Film), Italy (Satine Film), Benelux (September Film Distribution), Norway (Selmer Media), Poland (Aurora), CIS (Provzglyad), Ex-Yugoslavia (MCF MegaCom Film), Hungary (Cirko Films), Greece (Cinobo), Romania (Freealize), Taiwan (Andrews Film) and South Korea (Pancinema).
Alex Ritman “La Cocina,” the Rooney Mara-starring drama that recently bowed in competition at the Berlinale, has been acquired for most international territories. HanWay Films has closed sales for France (Originals Factory), Australia and New Zealand (Vendetta), Spain (Avalon), Italy (Teodora Film), Benelux (Cherry Pickers), Switzerland (Filmcoopi), Scandinavia (Mis.
Refresh for latest…: Paramount’s Bob Marley: One Love continued to sing sweet tunes in its sophomore session, adding $15M from 59 international box office markets for a drop of 37% from its above-expectations stellar opening. The overseas cume is now $49.4M for $120.6M worldwide.
Jessica Kiang The shortest distance between two points is popularly believed to be a straight line. But if one of those points is the chin, cheekbone or torso of some sneering and/or psychotic Korean gangster, the shortest route is actually the arc described by either one of Korean megastar Don Lee‘s fists, here playing the fists of Detective Ma, protagonist of the ludicrously watchable “Roundup” series.
Lunar New Year is a key box office period in several Asian territories, but nowhere was it more hotly contested this year than in Vietnam, where several local, Japanese and Hollywood movies were slugging it over the week-long holidays (February 9-15).
Leo Barraclough International Features Editor The Berlin Film Festival hosted the 10 young European actors selected for the Shooting Stars program, run by European Film Promotion, at a gala event Monday. The presentation of the Shooting Stars took place prior to the screening of Claire Burger’s “Langue Étrangère,” which plays in competition.