Paramount's Ellison Meets WBD Brass to Push Cost-Cuts and Film Outlook in $110B Merger

Paramount CEO David Ellison visited Warner Bros. Discovery’s Burbank lot to address about 200 executives as the $110 billion merger moves forward, stressing a projected $6 billion in cost savings—primarily from non-personnel cuts—and outlining a shared film output plan (Paramount aiming for 16 annual films, WBD for 14). Ellison, introduced by WBD chief David Zaslav, praised the teams while avoiding forward-looking statements due to gun-jumping rules, and later had lunch with HBO boss Casey Bloys; attendees described the town hall as cautious and procedural with mixed feelings about job cuts.