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The reopening of Paris museums this week finally gives billionaire tycoon Francois Pinault the chance to showcase his vast contemporary art collection in the French capital, with works
from stuffed pigeons to slowly melting chairs.
The museum s launch in a converted 19th-century commodities exchange, blocks away from the Louvre Museum, was put on hold twice
owing to the coronavirus pandemic after having suffered earlier planning mishaps, with an initial project abandoned in 2005.
Pinault, 84 – who made his fortune in timber trading before shifting into retail under the group now known as Kering, run by his son – joins rival French luxury goods tycoon Bernard Arnault in trying to stamp his legacy on Paris art scene and landscape, with museums and renovation projects.
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AT&T, owner of HBO and Warner Bros studios, and Discovery, home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business.
Discovery chief executive David Zaslav will lead the proposed new company, which will comprise one of Hollywood s most powerful studios, including the Harry Potter and Batman franchises, news network CNN, sports programming and Discovery s unscripted home, cooking and nature and science shows.
Shares in Discovery climbed about 16 per cent to $41.3 in premarket trade but fell 2 per cent afterward as investors digested that it would take time for Discovery to scale up in streaming, said Rich Greenfield, partner at LightShed Partners.
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