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    “Between Two Waters” wins top film prize at San Sebastian

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    A scene from "Between Two Waters" (La Termita Films/B-Team Pictures)
    BARCELONA, Spain (AP) --

    Director Isaki Lacuesta's film "Between Two Waters" has won the top prize at the San Sebastian International Film Festival, the biggest film festival for Spanish-language films.

    It was the second Golden Shell award for best film to go to Lacuesta, after the Catalan filmmaker also triumphed at San Sebastian with his 2011 movie "The Double Steps" ("Los pasos dobles").

    A social drama set in present-day southern Spain, "Between Two Waters" ("Entre dos aguas") is a sequel to Lacuesta's 2006 film "The Legend of Time" ("La leyenda del tiempo"). It explores the lives of two brothers from a family of Gypsies, also known as Roma.

    The Argentine film "Red" ("Rojo") was the festival's other big winner Saturday night, with awards for best director going to Benjamin Naishtat, best actor to Dario Grandinetti and best cinematography to Pedro Sotero.

    Norwegian actress Pia Tjelta won the award for best actress for her role in "Blind Spot" by director Tuva Novotny.

    Tags:Between Two WatersIsaki LacuestaSan Sebastian International Film Festival



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

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