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David Zaslav Cashes In: WBD CEO Scores Massive Merger Windfall

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David Zaslav, ex-CEO of the former Warner Bros. Discovery saw a windfall of just over $600 million as he handed over his WBD shares to Paramount at $31 each.

An SEC filing today shows the Oct. 6 exchange of tranches of common stock and options as Paramount closed its acquisition of WBD and changed its name to Skydance. The merger, unveiled in February and valued at $110 billion, called for Paramount to acquire all of WBD’s outstanding shares at $31. Zaslav’s options vested immediately as the deal closed.

Executives and board members of WBD are required to register the stock sales and the numbers are high. Zaslav and the Warner board drove a hard bargain, rejecting series of takeover offers by David Ellison that started at around $18 a share in cash and was propelled ever higher by a determined Skydance CEO David Ellison.

Paramount offered other sweeteners including a so-called ticking fee of about $7 million a day kicking in Oct. 1 if the deal hadn’t closed (Paramount only had to pay through Oct. 6), and Larry Ellison backstopping the equity financing.

A spokesman for the company noted that Zaslav had doubled the number of WBD employees who held equity in merged Discovery and Warner Media, so they are also benefitting from the Paramount takeover.

More to come.

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Something Is Killing The Children Movie: Craig Zobel & Blumhouse Teaming

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Craig Zobel, a director known for his work on such prestige series as Mare of Easttown and The Penguin, is set to direct a feature adaptation of Something Is Killing the Children, the popular comic book series from James Tynion IV and Werther Dell’Edera, with Jason Blum and his Blumhouse among the producers.

Stephen Christy and Tynion IV will produce the film for BOOM! Studios/Penguin Random House, alongside Blum for Blumhouse. Shaun Sutton and Ryan Turek will exec produce alongside Adam Yoelin and Mette Norkjaer, with Dell’Edera acting as co-producer.

The news came out of New York Comic-Con, where Blumhouse laid out its 2027 slate.

First published by BOOM! Studios, an imprint of Penguin Random House, in 2019, Something is Killing the Children centers on Erica Slaughter, a monster hunter who arrives in the small town of Archer’s Peak after children begin disappearing to take down the creature preying on them. It’s the most successful original horror comic book since The Walking Dead, with more than 5 million copies sold worldwide, having been translated into more than 20 languages in 14 countries.

While developing the live-action feature, Blumhouse is simultaneously developing an adult animated series version of Something Is Killing the Children to be shepherded by Tynion IV.

A DGA Award nominee and three-time Emmy nominee, Zobel broke out with indies like Compliance and Z for Zachariah before going on to work on shows such as The Leftovers, American Gods, Westworld, Mare of Easttown and The Penguin. He also helmed the satirical horror film The Hunt and just wrapped production on Turpentine, a new thriller starring Melissa McCarthy and Connie Storrie. He is repped by CAA, SSM&L, Entertainment 360 and Jackoway Austen Tyerman.

Blumhouse–Atomic Monster is in theaters this weekend with Rob Savage’s Universal horror Other Mommy, based on the novel Incidents Around the House by Josh Malerman. Their slate for next year includes the Joshua Giuliano buzz title River, Mike Flanagan’s The Exorcist: Martyrs, Anything but Ghosts from Obsession‘s Curry Barker, a new Paranormal Activity, the Savage-helmed Mole People, a new Blair Witch Project from Dylan Clark, Sleepover from director Jacob Chase, and Drew Hancock’s Seasons.

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‘14th’ Review: Ava DuVernay Defends Vital Constitutional Amendment

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14th, the documentary directed by Ava DuVernay that premiered Friday night as the closing-night film of the New York Film Festival, begins with several American presidents taking the oath of office: FDR, Eisenhower, JFK, LBJ, Nixon, Carter, Reagan… each of them swearing to “preserve, protect, and defend the Constitution of the United States.”

We know where this sequence is headed – it culminates with Donald Trump swearing that oath to become the 47th president. Then it immediately cuts to Trump sitting down for an interview with Kristen Welker of NBC News who asks him, “Don’t you need to uphold the Constitution of the United States as president?” Trump’s response: “I don’t know. I have to respond by saying, again, I have brilliant lawyers that work for me.” Astonishing.

Trump’s disregard for the Constitution and blatant violation of his oath go back to his first term – for example, flouting the Foreign Emoluments Clause. In his second term he has brazenly attempted to take an axe to a key provision of the 14th Amendment that guarantees birthright citizenship. Section 1 reads in part, “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.” Couldn’t be clearer, right? That critical section of the amendment ratified in 1868 resolved the status of African Americans, who under slavery, of course, were not deemed citizens.

DuVernay’s compelling documentary argues that amendments 13, 14, and 15 – passed within five years of the conclusion of the Civil War — amounted to a “Constitutional reset” that clarified rights for all Americans, including newly freed slaves. The filmmaker’s previous documentary, the Oscar-nominated 13th, examined that concise amendment which, in 32 words, formally abolished slavery. The new film, in a sense, is the sequel, going section by section through the far more expansive text of the 14th Amendment.

Director Ava DuVernay (left) with Stacey Abrams, former member of the Georgia House of Representatives.

L-R: Director Ava DuVernay with Stacey Abrams, former member of the Georgia House of Representatives

Ryan Postas/Netflix

The documentary’s overall thesis is that the 14th Amendment laid the groundwork for a multiracial democracy (for that reason, it’s easy to see why Trump would attack it). Historians, political leaders and other experts interviewed in the film stress Section 1’s equal protection clause, making the vital point that equality movements in the U.S. have relied on that clause as their legal justification.

It’s highly unlikely the 13th, 14th, or 15th amendments would have passed if the secessionist Southern states had not been compelled to endorse them as a condition for readmittance to the Union. As the film explores, white supremacists in the South wasted little time undermining the 14th Amendment – as well as the 15th, which guaranteed voting rights without regard to “race, color, or previous condition of servitude.” They did so through a campaign of terror that included the lynching of thousands of African Americans, and by mythologizing the “Lost Cause” fantasy that genteel antebellum society had been a boon to Black and white alike and that secession had been about preserving states’ rights.

Trump supporters storm the U.S. Capitol on January 6, 2021 in Washington, DC.

Trump supporters storm the U.S. Capitol on January 6, 2021 in Washington, DC.

Win McNamee/Getty Images

Section 3 of the 14th Amendment, as the film examines, addressed those who had taken up arms against the Union, barring from political or military office any person who had engaged in “insurrection or rebellion” in violation of their oath to defend the Constitution. That, the film argues convincingly, should have immediately disqualified Trump from office in view of his urging supporters on January 6 to “fight like hell” to overturn a free and fair election.

Not only that, of course, but Trump pardoned the vast majority of the insurrectionists on his first day back in office in 2025 and has attempted to create a compensation fund for them (violating, the film suggests, section 4 of the 14th Amendment).

Ambassador and former U.S. Sen. Jeff Flake in '14th.'

Ambassador and former U.S. Sen. Jeff Flake in ‘14th‘

Netflix

Most Republicans have caved to Trump since he took office the first time. 14th makes space for a couple who refused to fold – former Sen. Jeff Flake (R-AZ) and Steve Schmidt, a senior campaign adviser to Sen. John McCain during the latter’s 2008 run for president. Schmidt states it clearly: “We are in one of the great moral crises” in U.S. history. The virtue of DuVernay’s film is that it reframes our understanding of the importance of the 14th Amendment and its moral purchase.

14th also serves as a warning – noting that the U.S. Supreme Court rejected Trump’s executive order that denied birthright citizenship but not in a unanimous decision. It was 6-3. Associate Justices Clarence Thomas, Samuel Alito and Neil Gorsuch dissented, with Thomas claiming the amendment only spoke to the condition and status of freed slaves. The film makes it clear that Trump and his allies won’t give up on negating birthright citizenship – and how could one expect otherwise given Trump’s blithe disregard of the Constitution?

Stylistically, 14th resembles 13th – with beautifully lit interviews, stunning animation of still photos and dynamic graphical elements. Its most daring thrust is incorporating excerpts of incisive comedy sets by comics George Carlin, Paul Mooney, Hasan Minhaj and Neal Brennan (Carlin brilliantly points out that America was “founded by slaveowners who wanted to be free.” Mooney hilariously embroiders on how “white folks” were never happier than when they owned Black people). Inevitably, 14th is didactic – a history lesson, if you will, but the kind every American should experience if they want to continue living under a form of government of the people, by the people, and for the people.

I don’t foresee 14th enjoying the same level of awards success as DuVernay’s 13th, which showed how American society had essentially re-created the conditions of slavery through mass incarceration. That film had a very human face, as viewers came to see how whites stigmatized Black people as inherently suspect, reconstituting forced servitude through other means. The 14th Amendment is far more abstract and thus less likely to stir emotional reactions.

The film serves as a fitting call to action reminding those who believe in a multiracial and multi-faith democracy that “we are all founders and framers” of the Constitution. For that, DuVernay deserves the highest praise.

Title: 14th
Festival: New York Film Festival
Distributor: Netflix
Release date: December 4, 2026
Director: Ava DuVernay
Cast: Stacey Abrams, Eric Foner, Sherrilyn Ifill, Jeff Flake, Steve Schmidt, Hasan Piker, Alexandria Ocasio-Cortez, Jelani Cobb, Lonnie Bunch, David Blight, Robert S. Chang, Amanda Frost, Dean Withers, Carla Hayden, Keeanga-Yamahtta Taylor, Gov. JB Pritzker (D-IL), Donald T. Critchlow
Running time: 1 hr 40 mins

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Matthew “MatPat” Patrick Adapting ‘Amanda the Adventurer’ For Blumhouse

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Blumhouse is diving into another horror video game, announcing an Amanda the Adventurer adaptation.

On Friday, Jason Blum announced BlumFest moderator Matthew “MatPat” Patrick is developing a feature adaptation of the 2023 indie puzzle game from DreadXP, whose parent company Epic Pictures’ CEO Patrick Ewald will serve as producer.

In games, Riley Park unravels a sinister mystery around the fictional children’s television show Amanda the Adventurer after discovering a mysterious video tape in their late aunt Kate’s attic.

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Founder and former host of the “Theory” channels on YouTube, Patrick also produced the YouTube Premium series Game Lab and Creators in Fashion. Additionally, he appeared as waiter Ness in Blumhouse’s Five Nights at Freddy’s (2023), returning for last year’s sequel to voice Toy Bonnie.

Blumhouse’s latest indie horror video game adaptation comes after the FNAF franchise exceeded $520M globally, with a potential trilogy-concluding installment in store.

MatPat is represented by Dan Levitt of The.Team.

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