There’s no question that David Ellison, the doggedly ambitious CEO of Paramount Skydance, loves movies and filmmaking. In making his case for Paramount’s eye-poppingly pricey megadeal to merge with Warner Bros., he has repeatedly pledged that the combined company will release a lot more movies — to the tune of at least 30 titles per
The U.K.’s decision to clear Paramount Skydance’s $111 billion proposed acquisition of Warner Bros. Discovery has been broadly welcomed by European industry players. U.K. exhibitors, media executives and analysts have argued the deal reflects a wider shift in regulatory thinking as European broadcasters face mounting competitive pressure from global streaming giants. Following the European Commission’s
Privately, some top executives at Warner Bros. Discovery are supporting the 12 states that have sued to block Paramount Skydance’s acquisition of WBD to win in court and get the mega deal rejected. What is obvious, according to multiple sources, is that there is a sizable contingent at Warner Bros. of people who do not
Just a few days ago, the states’ antitrust challenge to the Paramount-Warner Bros. merger still seemed like a hurdle. Now, it’s looking more like a siege war, as Paramount has agreed to suspend the $111 million deal for at least several months. In doing so, Paramount’s lawyers have effectively admitted that they were unlikely to
David Ellison may have believed that Paramount Skydance could have closed its $111 billion acquisition of Warner Bros. Discovery by now. The deal was approved by the Justice Department in June (apparently over the objections of staff reviewing it). It has been officially cleared by the EU, and Paramount agreed to the relatively minor concession
Paramount Skydance boss David Ellison and his father, tech billionaire Larry Ellison, were sued by a Paramount shareholder who alleged they reached an “illegal” deal with President Donald Trump to secure US government approval for the acquisition of Warner Bros. Discovery. The shareholders’ lawsuit, filed Tuesday in Delaware Court of Chancery, seeks to block Paramount’s