A legacy brand in American film and media, now part of Warner Bros. Discovery.
The Office for National Statistics has reported UK CPI inflation at 2.6% in June, down from 2.8% in May. Falls in motor fuel, food and clothing pulled the rate lower, but renewed hostilities in the Middle East and a higher Ofgem price cap have pushed oil and wholesale energy prices back up, risking a return to higher inflation later in 2026.
The U.S. Department of Justice has approved Paramount Skydance’s proposed acquisition of Warner Bros. Discovery after an eight‑month probe, concluding the merger is unlikely to harm competition in streaming, linear TV or theatrical film markets. The transaction still faces reviews by U.K. and EU regulators and possible lawsuits from state attorneys general.
A federal judge has weighed whether to block Sunday’s UFC fight on the White House South Lawn. The event, marking Trump’s 80th birthday, is backed by a private-public partnership and features a 92-foot arch called “The Claw.” Critics argue the setup commercializes national monuments; supporters say it showcases a national celebration amid the semiquincentennial.
Sean Penn is directing an as-yet-untitled drama about the January 6 riot, with Bradley Cooper in talks to star. The project, based on real individuals, follows an unexpected friendship and production is slated to begin mid-2027. The film’s release window overlaps with other political cinema, including Aaron Sorkin’s The Social Reckoning.
Toy Story 5 has opened to record franchise returns, grossing roughly $312m worldwide and dominating ticket sales. Low‑budget horror films made by online creators — notably Obsession, Backrooms and Iron Lung — have posted surprise gains. By contrast, DCilms' Supergirl has underperformed, opening far below studio expectations and drawing poor reviews.
Supergirl has opened to disappointing box office figures, prompting DC Studios to reassess its plans. Critics have praised Milly Alcock’s performance but criticize pacing, tone, and ambition. The film expands DCU’s reach with space-set adventures while raising questions about future direction and character use.
Paramount has offered $31 per share to acquire Warner Bros. Discovery, amid a bidding war with Netflix and Comcast. Shareholders approved the deal, including a $7 billion breakup fee and the $2.8 billion Netflix termination fee. Regulators are reviewing the transaction, with the aim to close in the third quarter.
Dame Penelope Keith has died after a battle with cancer. Her career spans stage, The Good Life and To the Manor Born, with a lasting impact on British comedy. Tributes praise her comic genius and decades of work in theatre, television and charity.
Culture secretary has said she is minded to intervene in the Paramount-WBD merger on public-interest grounds, triggering regulatory scrutiny by Ofcom and the CMA. A final decision has not been taken; Paramount and WBD face a response deadline, with potential timelines extending into Q3 2026.
Disney’s live-action Moana opens to a global $95 million, underperforming the $60 million U.S. target and facing scathing critics who call it a “shot-for-shot” redo. Audiences are warmer, with a CinemaScore A- and a largely female 66% share, while competition from new releases looms.
The upcoming film Digger has released a full trailer featuring Tom Cruise as oil tycoon Digger Rockwell. Alejandro G. Iñárritu’s satirical drama portrays a billionaire racing to avert an ecological disaster he helped unleash, with a high-profile cast and heavy prosthetics signaling a bold, potentially award-worthy performance. The film is set for release in October.
Writers Guild of America West and East have filed a federal antitrust complaint to block Paramount’s $110 billion takeover of Warner Bros. Discovery, arguing the merger would reduce competition, suppress writers’ wages, and threaten content diversity. California and 11 states have also sued, creating a coordinated wave of legal action as regulators review the deal.
A coalition of 12 U.S. states has secured a 14-day pause on Paramount’s $110 billion merger with Warner Bros. Discovery, pending a ruling on a preliminary injunction. The deal remains under antitrust review globally as regulators weigh competition, pricing, and content implications for theaters, networks, and streaming platforms.
The South African Netflix drama The Polygamist has captivated global audiences since its June release, topping non-English streaming charts and sparking worldwide conversations about polygamy, modernity, and African family life.
Universal Pictures releases Nolan’s Odyssey, adapting Homer’s epic with Matt Damon, Anne Hathaway and Tom Holland. The film is shot entirely in IMAX 70mm, positioning Nolan’s epic as 2026’s event cinema.
Renewed US–Iran strikes and a US naval blockade have pushed oil above $90 a barrel and cut tanker traffic through the Strait of Hormuz. Shipping, insurance and refining costs have surged faster than crude, lifting diesel and jet-fuel premiums and pushing US pump prices toward $4 a gallon; analysts warn sustained disruption will force further price rises.
Kaylee Hottle, a deaf actor known for Jia in Godzilla v Kong, has died at 18 in a Maryland car crash. The crash is under investigation with excessive speed cited as a factor. Co-stars and institutions offer tributes; family statements were shared in ASL.
The European Commission has cleared Paramount and Warner Bros. Discovery’s merger after Paramount agrees to terminate a distribution joint venture with Universal in Europe and to refrain from joint distribution deals with Universal or Disney for 10 years. The approval comes with a 13-month unwind window for the Universal arrangement. US regulators remain weighing the merger, with a court pause and potential injunction ongoing.
The European Commission has approved a Paramount-Warner merger with conditions, saying competition persists in film production and streaming but warns over theatrical distribution. Paramount must divest its UIP stake and end its partnership with Universal within deadlines; the approval emphasizes consumer choice and scale to compete with tech platforms. U.S. regulators pause the case as states challenge the merger; a preliminary injunction hearing is slated for Aug. 3.