All articles tagged with #david ellison
MAGA-aligned billionaires Larry Ellison and his son David, via Paramount Skydance, have topped Netflix in a bidding war to acquire Warner Bros. Discovery, taking control of CNN and HBO with a $31-per-share offer and signaling a MAGA-friendly leadership shift, including reports that Bari Weiss could helm CNN; Netflix declined to match, clearing the path for Paramount Skydance to own CNN and its subsidiaries.
CBS News Editor-in-Chief Bari Weiss’s overhaul at 60 Minutes has coincided with Anderson Cooper’s exit, with reports that at least one other correspondent could depart as the show is reduced to six anchors; Alfonsi’s looming contract expiry and planned staff cuts add to concerns that loyal viewers may follow the departing stars as CBS shifts to a more conservative-leaning direction.
David Ellison, Paramount’s CEO, published an open letter to UK creatives urging support for Paramount’s bid to acquire Warner Bros. Discovery. He lays out commitments if the deal goes through: preserve HBO as an independent unit, boost annual output to about 30 high‑quality films across Paramount and Warner Bros. Studios, keep licensing content to third‑party platforms, ensure every film has a full theatrical release with a 45‑day window before paid VOD (60–90 days for top titles), and follow established home‑video windows. Ellison frames these terms as maintaining competition against Netflix and expanding creative output while protecting the film industry’s ecosystem.
Paramount CEO David Ellison published an open letter to the UK creative community pledging to invest in content, keep HBO independent, and sustain a robust 30-film-per-year output with a 45-day theatrical window as Paramount pursues a Warner Bros. Discovery deal. He frames the merger as a way to strengthen competition against dominant platforms and explicitly targets Netflix’s path, while Netflix maintains confidence in regulatory approval. The letter emphasizes pro-competition, pro-creative community, and pro-consumer goals.
Paramount CEO David Ellison met with UK Culture Secretary Lisa Nandy and European creatives as Paramount expands its lobbying push over Warner Bros. Discovery's sale and its bid against Netflix, framing the talks around cinema preservation and the broader future of theatrical releases amid regulatory scrutiny.
Paramount CEO David Ellison praised employees for their commitment during the first week of returning to a five-day in-office work policy in Los Angeles and New York, emphasizing increased productivity and positive energy, as the company enforces a full-time office requirement by 2026 across its divisions.
Larry Ellison, co-founder of Oracle, is backing a $108 billion hostile bid for Warner Bros. Discovery to help his son, David Ellison, CEO of Paramount, expand their influence in Hollywood and media, highlighting a close and strategic father-son partnership.
Paramount, under new CEO David Ellison and ownership of Skydance, released its first earnings report highlighting a focus on expanding its direct-to-consumer business, strategic asset review, and a goal to reach $30 billion in revenue by 2026, despite current losses and restructuring efforts.
David Ellison is rapidly expanding Paramount's influence in Hollywood, aiming to challenge industry giants like Warner Bros. through strategic acquisitions, content expansion, and leveraging political connections, while also embracing AI technology to reshape entertainment and media landscapes, amidst industry upheaval and controversy.
Paramount CEO David Ellison, who recently took over, is facing internal dissent, notably from Taylor Sheridan, who is leaving for NBCUniversal three years early, signaling a possible shift in creative and strategic priorities at Paramount.
Paramount is initiating layoffs of around 1,000 employees as part of a restructuring effort led by CEO David Ellison to realign the company's focus on growth opportunities and long-term success, amid new strategic investments and organizational changes.
Taylor Sheridan, creator of Yellowstone, is leaving Paramount due to disagreements with CEO David Ellison over political content and show direction, and has signed a lucrative deal with NBC Universal for future projects.
Paramount Skydance CEO David Ellison is persistently pursuing a takeover of Warner Bros. Discovery, viewing it as a strategic move to build a media empire, with potential political advantages linked to Trump administration support, despite WBD's rejection of his offers and concerns over regulatory hurdles globally.
Warner Bros. Discovery CEO David Zaslav is considering major strategic options, including selling the company to Paramount's David Ellison or splitting it into separate entities to unlock value, amid ongoing industry consolidation and potential bids from other tech and media giants.
Paramount CEO David Ellison is aggressively reshaping the media landscape by appointing Bari Weiss to CBS News and considering acquisitions like Warner Bros. Discovery, backed by his father's wealth, aiming to create a new media empire that could significantly impact Hollywood's structure and employment, while also raising concerns about media consolidation and industry disruption.