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Entertainment

Paramount-Warner Bros. $111 Billion Merger Officially Closes: ‘Today Is a Historic Day, Not Just for Skydance but for Our Entire Industry,’ David Ellison Says

It’s official: Paramount and Warner Bros. Discovery are now a single company — joined together as Skydance Corp., led by chairman and CEO David Ellison. The deal, valued at $111 billion, brings together two major studios, TV networks including CBS, CNN, Comedy Central, MTV and TBS, and streaming services Paramount+ and HBO Max. The new […]

Entertainment

David Zaslav Bids Farewell to Warner Bros. Employees in Video on Eve of Skydance Merger Close: ‘It’s Been a Great Honor to Be Alongside All of You’

David Zaslav, four and a half years after closing the debt-burdened deal that formed Warner Bros. Discovery, is bidding farewell to the company’s employees as it is about to get swallowed up by David Ellison’s Paramount — to create a media giant saddled with even more debt. Zaslav, president and CEO of Warner Bros. Discovery, […]

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Entertainment

Tony Gilroy Says Paramount-Warner Bros. Merger Will ‘Destroy’ a ‘Healthy and Beautiful Business’ in ‘The Name of Venture Capital’: ‘It’s Tragic’

Tony Gilroy blasted the “tragic” nature of the Paramount-Warner Bros. merger at the world premiere of his new film, “Behemoth!” Produced on a $36 million budget, “Behemoth!” is representative of the mid-budget, adult-oriented drama that once sustained Hollywood’s theatrical business — and allowed filmmakers like Gilroy to make a name for themselves in the industry. […]

Entertainment

Skydance Blasts Off: Can David Ellison Make Paramount-Warner Bros. Merger Fly?

David Ellison has emerged victorious. And he’s boldly — or arrogantly, if you prefer — decided to name the entertainment giant that he’s bolted together Skydance Corp., nodding to the original name of his film production firm that has swallowed up two Hollywood studios over the past 14 months. Defying skeptics and beating back opponents, […]

Entertainment

European Entertainment Leaders Mostly Optimistic About David Ellison’s Takeover of Warner Bros. : ‘I Believe in His Commitment to Cinema’

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. […]

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Entertainment

Netflix’s Ted Sarandos on If He Sees Paramount-Warner Bros. As Competition, and If He Courted Casey Bloys: ‘We Had a Very Well-Publicized Lunch’

If Ted Sarandos is concerned about any competitive edge that a Paramount/Warner Bros. merger might pose, he’s not showing it. Speaking Wednesday at the Bloomberg Screentime conference, Sarandos was mostly dismissive of any rivalry: “It’s looked on paper so far it’s one and one,” he said, referring to the company’s two streaming services. “So I […]

Entertainment

Mark Ruffalo Says Paramount-Warner Bros. Merger Will ‘Stifle Creativity’ and ‘Weaken Free Speech’: It ‘Should Never Have Been Approved’

Mark Ruffalo is speaking out against the Paramount-Warner Bros. Merger once again, this time following the news on Wednesday that the deal has been approved and is tentatively set to close next week. “This merger will stifle creativity, weaken free speech, and cost people their jobs — it is a bad deal for this country […]