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Skydance is officially L.A.’s newest Fortune 500 company — but for how long? In a message to employees last week, CEO David Ellison said he is committed to keeping the company in Hollywood: “We aren’t going anywhere.” But the consent decree between Ellison and 12 state attorneys general does not require him to maintain a […]
After nearly a year of dealmaking drama, Paramount Skydance’s takeover of Warner Bros. Discovery is about to become reality. Across Europe, where the Paramount chief David Ellison has spent time courting support for his vision of building a Hollywood colossus, the mood is surprisingly upbeat. The debt-laden $111 billion merger is set to close Oct. […]
It's a full-circle moment for a company that has undergone two major acquisitions within the last 18 months.
Ynon Kreiz, as David Ellison’s right-hand man at the merged Paramount-Warner Bros. Discovery, is getting a big pay bump over his pay package as CEO of Mattel. Kreiz, 61, signed an initial five-year employment contract with Paramount. He starts Oct. 5, one day before Paramount is set to close its $111 billion merger with Warner […]
Paramount CEO David Ellison announced outgoing Mattel chief Ynon Kreiz will serve as the co-CEO of the anticipated combination of Paramount and WBD.
Paramount chief David Ellison, after a fierce year-long battle, is finally about to get his hands on Warner Bros. Discovery — in the most expensive takeover in Hollywood history. On Wednesday, U.S. District Judge Araceli Martínez-Olguín, who is overseeing the antitrust case aimed at blocking the Paramount-Warner Bros. deal approved Paramount’s settlement with the 12 […]
Ynon Kreiz, who is stepping down as CEO of Mattel after eight years, will join David Ellison’s Paramount — which is expected to close its mega-merger with Warner Bros. Discovery on Oct. 6 — as co-CEO of the new company, Paramount announced. As chairman and CEO, Ellison will lead all strategy, creative and technology functions. […]
Last week, politicians decided they could not let Hollywood slip away. First, California Gov. Gavin Newsom pushed for a resolution of the Paramount antitrust case out of fear that the studio would leave the state. And in Congress, Republicans and Democrats joined to introduce a U.S. film incentive, recognizing they are at risk of losing […]
Paramount CEO David Ellison's antitrust settlement eased some theatrical concerns, but questions remain about what happens when the five-year agreement ends.
David Ellison, CEO of Paramount Skydance, dined at the White House Thursday evening at the state dinner held for visiting Chinese President Xi Jinping — but the White House shut out reporters for CNN, the Warner Bros. Discovery-owned news network Ellison is on the cusp of gaining control over, as well as MS NOW. Ellison […]
David Ellison, seeking fresh capital for a merged Paramount-Warner Bros., is considering reaching out to Elon Musk — the controversial tech mogul who is the world’s richest person — to “become part of a syndicate of equity investors into Paramount,” according to a report by Semafor. According to the report, citing anonymous sources, “Musk’s name […]
The film producer, the son of one of the richest men on the planet, unblocks the fusion between Paramount and Warner to create a entertainment giant
Update: David Ellison isn’t looking for greener pastures. The CEO of Paramount Skydance (soon to include Warner Bros. Discovery) issued an official statement that both content studios will remain in California. “Now that we reached and announced a settlement, we’re eager to get to work building a stronger Hollywood. Let me be clear: the newly […]
After almost a year in the trenches pulling together his historic combination of Paramount Skydance and Warner Bros. Discovery, David Ellison has finally emerged victorious. On Monday, the Silicon Valley heir confirmed he’d reached a settlement with a group of state attorneys general, who sued to block the merger over antitrust concerns. The proposed merger […]
When we last saw John Oliver behind the desk of “Last Week Tonight,” he was mocking Trump for sacrificing a number of members of his senior staff on a decoy plane amidst his peculiar catering truck escape in Turkey. On Sunday night, the funnyman returned to his Emmy-winning HBO series after a monthlong summer break […]
Paramount Skydance is moving closer to the finish line of its yearlong pursuit of Warner Bros. Discovery as the company’s weekend settlement negotiations with the state attorneys general reach a critical stage. Meanwhile, opponents of the merger are rallying to protest what it warns is shaping up to be a “cave” by the 12-state coalition […]
Mark Ruffalo is encouraging California attorney general Rob Bonta and his coalition of 11 other state AGs not to settle their lawsuit against Paramount Skydance and keep David Ellison from acquiring Warner Bros. Discovery. “Don’t you dare, [Rob Bonta], do not cave,” Ruffalo wrote on X. “5,670 filmmakers put their necks on the line for […]
Democratic Sen. Elizabeth Warren of Massachusetts on Saturday morning issued a warning that President Donald Trump’s recent banning of CNN from the White House is a sign of things to come if Paramount Skydance settles with the states and is allowed to merge with Warner Bros. “As Trump tries to ban CNN from the White […]
