#david-ellison

#david-ellison

Paramount Skydance is reportedly preparing a takeover offer for Warner Bros Discovery, in a bid to pull together two of the largest US legacy media conglomerates and Hollywood movie studios. Less than a month after Skydance, a production firm run by David Ellison, son of the billionaire tech mogul Larry Ellison, closed its merger with Paramount, the firm is considering other blockbuster deals. Paramount is preparing a majority cash bid for WBD that would be backed by the Ellison family, according to the Wall Street Journal, which cited unnamed sources familiar with the situation. Paramount and WBD did not immediately respond to requests for comment.

David Ellison expressed admiration for South Park creators Matt Stone and Trey Parker, praising them as "incredibly talented" and as "equal opportunity offenders" who have consistently pushed boundaries.

In an open letter about his plans for Paramount, incoming chairman and CEO David Ellison announced that the business will be split into three distinct units: studios, direct-to-consumer, and TV media.