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The FCC has waived its 25 percent cap on foreign equity ownership to approve a deal allowing sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi to collectively hold up to 49.5 percent of the combined Paramount-Warner Bros. entity. The agency argued the stakes carry no voting rights and therefore no control, but critics including Free Press and Commissioner Anna Gomez dispute that reasoning.
Oracle announced Saturday that executive chairman Larry Ellison has called off a plan to sell 50 million of his shares, worth roughly $7.5 billion, that had been disclosed in an earlier regulatory filing. The company said no shares were sold under the plan and that Ellison has no other plans to sell Oracle stock, without explaining the reversal.
Larry Ellison has scrapped a 10b5-1 trading plan that would have allowed him to sell up to 50 million Oracle shares, worth about $7.5 billion at current prices. The plan, adopted June 22 and set to expire Oct. 24, had been disclosed in a regulatory filing just a day before its cancellation, and no shares were ever sold under it. Oracle says Ellison has no other plans to divest any of his stock.
Warner Bros. purchased the unproduced play Everybody Comes to Rick's, written by Murray Burnett and Joan Alison, immediately following the Pearl Harbor attack and America's subsequent entry into World War II. The studio rushed it into production during summer 1942, casting Humphrey Bogart, previously known for gangster roles, in the lead alongside Ingrid Bergman. The film premiered in New York that November and went on to win three Academy Awards, including Best Picture.
Google is reportedly courting major studios like Disney, Warner Bros. Discovery, and Universal, offering large payments—potentially tens of millions per character and billions overall—for rights to train its AI models on their copyrighted content. According to unnamed sources cited by the Los Angeles Times, no studio has yet signed on, but Google is pushing hard to secure these licensing agreements as it races to strengthen its AI capabilities.