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Sony buys “Real Housewives,” “The Valley,” production company

Sony Pictures Television has acquired controlling interest in the reality TV production company behind “Real Housewives of Beverly Hills” and “Vanderpump Rules.”

The Culver City studio, which produces “Jeopardy!” and “Wheel of Fortune,” announced Monday that it has closed its purchase of a majority stake of Alex Baskin’s three-year-old production firm, 32 Flavors. Baskin’s company has been expanding beyond its audience-addicting programs on Bravo to develop podcasts and documentaries.

NBCUniversal will continue to own “Real Housewives” and the other programs it televises, including “The Valley,” and spinoff show, “The Valley: Persian Style. Baskin will continue as executive producer on his Bravo shows and stay on as chief executive of his production company.

Sony declined to disclose deal terms.

“Real Housewives of Beverly Hills” and “Real Housewives of Orange County,” are produced through Baskin’s company.

“32 Flavors has been on a remarkable trajectory, and with Sony’s support, we expect that momentum to accelerate meaningfully,” Baskin said in a statement.

Sony Pictures Entertainment studios in Culver City.

Sony Pictures Entertainment studios in Culver City.

(Luis Sinco / Los Angeles Times)

Sony already owns nonfiction production companies, including Sharp Entertainment, Embassy Row, Brass Monkeys Media and 19 Entertainment, the powerhouse behind “American Idol.” It also owns formats for “Shark Tank,” and “90 Day Fiancé,” and an upcoming adaption of the board game, Clue.

“As the market evolves, we see real opportunity in premium nonfiction, and 32 Flavors strengthens our ability to deliver high-impact, returnable formats that connect with audiences and buyers around the world,” Katherine Pope, president of Sony Pictures Television Studios, said in a statement.

Pope gained responsibility for the unscripted TV business earlier the spring as part of a restructuring and dramatic downsizing, which resulted in hundreds of layoffs in the Japanese company’s entertainment business. At the time, Sony said the cuts reflected a business shift under Sony Pictures Chief Executive Ravi Ahuja.

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Paramount’s Ellison underscores his pledge to make 30 films a year when his company buys Warner Bros.

Paramount Skydance Chairman David Ellison defended his commitment to release 30 movies a year once his media company swallows Warner Bros. Discovery — a goal that some industry observers view as overly ambitious.

During a Monday call with analysts to discuss Paramount’s first-quarter earnings, the tech scion said the target was achievable because his management team would maintain current levels of production. Paramount has doubled its film release capacity to 15 films this year, matching the number of theatrical releases planned by competing Warner Bros.

“The two companies are actually making 30 films to date,” Ellison said. “We really view our pending acquisition of Warner Bros. Discovery as a powerful accelerant to our strategy.”

The company said it was on track to finalize its Warner takeover by the end of September. The $111-billion deal would transform the smaller Paramount into an industry titan with prestigious programming, including Harry Potter, “Game of Thrones,” “Euphoria,” as well as its current slate of Taylor Sheridan-produced franchises, including “Yellowstone” and “Landman.” The combined company also would own dozens of popular TV networks, including CBS, CNN, Comedy Central, Food Network and HGTV.

But the proposed merger would saddle the combined company with $79 billion in debt, stoking fears that Paramount would need to make steep cost cuts to balance such a large debt load. During the quarter, Paramount lined up banks and other institutional investors to provide bridge financing to help pull off the transaction, the company said.

“We’re pleased with the momentum and will continue to take the necessary steps to bring this deal to completion,” Ellison told analysts.

Late last month, Warner Bros. Discovery stockholders overwhelmingly voted in favor of the deal, which will pay $31 a share to Warner investors. The company now must secure regulatory approvals in the U.S. and abroad, and that process is well underway, Paramount said.

Paramount has asked the Federal Communications Commission for permission to exceed a cap on foreign ownership for U.S. media companies. Ellison’s company is expecting $24 billion from three Middle Eastern royal families, who would become part owners of the combined entity. Those total funds will represent about 49% of equity in that new company, exceeding the current foreign ownership cap of 25%.

More than 4,000 filmmakers, actors and industry workers, including Bryan Cranston, Connie Britton, Kristen Stewart, Jonathan Glazer and Jane Fonda, have signed an open letter asking California Atty. Gen. Rob Bonta and other regulators to block the deal, saying it “would reduce the number of major U.S. film studios to just four.”

Late last week, a small group of consumers sued to block Paramount Skydance’s acquisition of Warner Bros. Discovery and unwind Ellison’s Skydance Media’s takeover of Paramount, alleging that both deals reduce marketplace competition.

For the January-March quarter, Paramount’s earnings beat Wall Street’s expectations. Revenue grew 2% to $7.3 billion compared with the first quarter of 2025.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached $1.1 billion, helped in part by growth in its streaming services unit. Paramount+ increased its revenue by 17% to nearly $2 billion, compared with the year earlier period when it generated $1.7 billion. The service added 700,000 subscribers, bringing the total to nearly 80 million.

With Warner’s HBO Max streaming platform, the combined service would boast more than 200 million subscribers.

Paramount reported first-quarter net earnings of $168 million, or 15 cents per share, compared with $152 million in 2025, which occurred before Skydance acquired the media company in August.

Executives pointed to “Scream 7,” a late February release that has topped $200 million in global ticket sales, as a success story. Studio revenue grew 11% to $1.28 billion for the quarter.

Television networks revenue declined 6% to $3.7 billion as Paramount’s cable channels continue to contend with the loss of cable cord-cutters, which reduces the company’s collections from pay-TV providers. Nonetheless, Paramount pointed to the strength of Sheridan’s “Landman,” starring Billy Bob Thornton, Ali Larter, Sam Elliott and Demi Moore, and the strength of the CBS television network, which currently has 13 of the broadcast industry’s top 20 prime-time shows, including “60 Minutes,” “Marshals,” and “Tracker.”

The company told analysts it would achieve $30 billion in revenue for the full year and $3.8 billion in adjusted EBITDA. Paramount said it would also make $2.5 billion in cost-cuts by the end of this year and reduce expenses by $3 billion in 2027.

Paramount said it ended the quarter with $1.9 billion in cash and cash equivalents. It also was carrying $15.5 billion in debt. The company had to draw $2.15 billion from its revolving credit facility to pay Netflix a $2.8-billion termination fee that Warner Bros. Discovery had agreed to pay under a previous deal to sell the company to Netflix.

Paramount released its earnings after Monday’s trading day. Its shares closed at $11.13, basically unchanged.

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Hardman Jason Statham buys stunning £20m home on UK seaside with model partner Rosie Huntington-Whitely

MOVIE hardman Jason Statham and his model partner Rosie ­Huntington-Whiteley have bought a £20million beachfront “forever home” — and are spending another £5million renovating it.

The actor, who has two children with fiancée Rosie, bought the six-bedroom mansion in the South of England, Land Registry records reveal.

Jason Statham and his model partner Rosie ­Huntington-Whiteley have bought a £20million beachfront ‘forever home’ Credit: Getty
The couple are spending another £5million renovating the house

The contemporary new-build is set on 20 acres and has its own private beach, ­enormous tree house, boating lake and wild swimming pond.

Building work has been going on for some time, with experts estimating a further £5million is being spent.

Public records show Jason, 58, who has amassed a £90million fortune from movies including the Fast and Furious franchise, Snatch and Lock, Stock and Two Smoking Barrels, paid £20million for the site in 2024.

He has always been upfront about his life goals, saying: “I just want to work hard, make money and eat with good people and love the same woman over and over again.”

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Several high-profile celebrities also own homes in the area. Jason also has extensive properties in Hollywood and Cornwall.

The couple, who have a home in London, met at a party in 2009 and got engaged in 2016.

Jason also has extensive properties in Hollywood and Cornwall Credit: Alamy
Rosie has a £30million fortune via fashion collaborations with M&S and ­Burberry, and acting roles Credit: AFP or licensors

Rosie, 39, has a £30million fortune via fashion collaborations with M&S and ­Burberry, and acting roles in Transformers: Dark of the Moon and Mad Max: Fury Road.

She recently revealed she was moving to the countryside.

Rosie said: “I’ve been dreaming of this since I left home.

“It will be mud and kids climbing trees.” The couple were approached for comment.

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Foodie buys three-course meal in Benidorm but holidaymakers are floored by price

A foodie left people floored after sharing the price of his three-course meal at a Benidorm restaurant. Harry shared his story after he sampled what was on offer at a popular eatery

Thousands flock to Benidorm each year for a spot of sun-soaked fun, but one man recently left people gobsmacked after sharing the price of his meal abroad. He popped into a well-known establishment to enjoy a three-course meal, and people were floored when they caught a glimpse of his bill.

Harry, known as Harry Tokky on TikTok, regularly documents his travels and escapades in Benidorm, keen to showcase everything Spain has to offer. He recently turned heads after sharing a dining experience that left followers speechless when they discovered what he’d forked out at a local restaurant during his time there.

He posted footage of himself tucking into his food before delivering an honest verdict. It’s not the first time the cost of eating out has caught people’s attention at the beloved holiday hotspot.

Harry said: “Today I’m here at Uncle Ron’s, locally famous for the €1 pint, and what might be the cheapest Sunday roast in Benidorm. What are we waiting for? Let’s go and get ourselves a Sunday roast.

“Just ordered myself a chicken roast at a mental price of €12 (£10.36). Do you think that’s cheap? Because I do.”

In the caption, he clarified this covered three courses, writing: “Would you pay €12 for a three-course Sunday roast in Benidorm?”

When the food arrived, he appeared thoroughly impressed, raving about the generous portion size and noting it came with a hearty amount of gravy on the side.

He added: “I can’t get over the fact that this is all €12. We’ve even got a bit of stuffing there as well.

“As far as value goes, I mean you’re not going to get better value than this I don’t think anywhere else in Benidorm. I mean, look at the size of it.

“Fantastic. Would you pay €12 for this roast dinner? Because I certainly would.”

Warning: Below video contains language some may find offensive

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The footage got tongues wagging, with many viewers left gobsmacked by what a steal it was.

One wrote: “Had one Sunday. It was absolutely lovely. €12 for dinner and pudding.”

Another chimed in: “€13 with a pint – Holy Moly!” A third remarked: “Love Uncle Ron’s.”

While a fourth also added: “Brilliant bar. Uncle Ron’s is great.”

For those yet to make a visit, Uncle Ron’s in Benidorm is well-regarded for serving up incredibly wallet-friendly roast dinners. Over the years, it’s typically been priced at around €12 for multiple courses.

You’ll find it situated on Calle Londres in the new town. It’s a firm favourite for pub grub, boasting live music, reasonably priced drinks and a laid-back atmosphere.

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