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CEO of Paramount Skydance, the studio formed by Skydance's merger with Paramount, now leading its acquisition and integration of Warner Bros.
Google's AI news program now includes more than 400 publications, with CNN, Axios and the Financial Times the latest to join. Google will pay participants, though financial terms were not disclosed.
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Paramount closed its $111 billion purchase of all Warner Bros. Discovery assets on October 6 and renamed the merged company Skydance. Netflix bid only for the studios and streaming, so CNN now shares an owner with HBO Max and CBS.
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Larry Ellison cancelled a 50 million share trading plan one day after a filing revealed it, having sold nothing under it, and Oracle did not give a reason. The plan was written in June at a much higher price.
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David Ellison's Skydance closed its $110 billion takeover of Warner Bros. Discovery carrying roughly $80 billion of debt. The terms that cleared the deal leave staff and the overlap between HBO Max and Paramount+ as the likeliest sources of savings.
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Skydance's David Ellison plans to merge Paramount+ and HBO Max, a pairing he puts at over 200 million subscribers, now that the Warner Bros. deal has closed. The company says it carries roughly $80 billion of debt, so that scale has to turn into cash.
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Paramount Skydance closed its $110bn Warner Bros Discovery merger with $80bn of debt and a $6bn yearly savings target. Its settlement with US states covers films and news, while streaming prices and jobs stay its own call.
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David Ellison told Skydance staff that HBO Max and Paramount+, priced at $18.49 and $13.99 ad-free, will share one tech platform before becoming one app. A discounted bundle covers the interim while the merged service's name and price stay open.
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Skydance now owns Warner Bros and Paramount, cutting Hollywood's major studios from five to four and putting HBO, CBS and CNN under one owner. Writers and directors feel the lost buyer first, while cable distributors and streaming subscribers meet the combined company later.
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Shinsegae Group is putting $1 billion into Paramount Skydance's takeover of Warner Bros. Discovery as it seeks growth beyond retail. Every use it named is still a plan to explore, so the money buys equity now and franchise access only if later talks succeed.
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Paramount is set to close its $110 billion Warner Bros. Discovery merger on October 6 as Skydance, under a settlement requiring 30 theatrical films a year. Households paying for both HBO Max and Paramount+ keep two apps for now, with no announced price or date for the merged service.
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Skydance has made former Mattel chief Ynon Kreiz co-CEO, expected to find $6 billion in savings over three years, Business Insider reports. David Ellison keeps the studio and talent deals, leaving Kreiz the cuts and the layoffs expected with them.
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Paramount named Mattel's Ynon Kreiz co-CEO alongside David Ellison shortly after a judge approved its 12-state settlement over the $81 billion Warner deal. Both chief executives take over a studio whose operating plan now has to fit the terms 12 states negotiated and a federal judge approved.
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Paramount's settlement with 12 states won court approval on Sept. 30, clearing the last legal hurdle to its roughly $111 billion Warner Bros. Discovery deal. The states' price is a consent decree adding at least $300 million a year of US film production spending, about 0.27% of the deal's value.
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Paramount Skydance made Mattel's Ynon Kreiz co-CEO in charge of operations and its $110 billion Warner Bros. Discovery integration. He brings a career built in television long before Barbie to a combined company carrying $52 billion of debt.
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Paramount settled the 12-state antitrust suit over Warner Bros. Discovery by pledging 30 films a year for five years, at $30 million per film it misses. Against a $6 billion synergy target, the bar on bundling CNN and HBO in cable talks looks like the harder limit.
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Cryptobriefing reports Ellison plans to sell up to $7.5bn of Oracle stock while personally guaranteeing more than $40bn of media deals, with 277 to 346 million shares already pledged. At $150 that sale is 50 million shares.
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Paramount Skydance is readying new Paramount+ features to lift engagement and revenue as it finalizes its $110 billion Warner Bros. Discovery deal. Internal documents describe the free tier as a registration funnel meant to turn samplers into paying subscribers at a service struggling with churn.
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The twelve attorneys general leave with two promises they will have to police themselves, and Free Press says parts of the deal ask less of Paramount than the two companies already do separately.
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States want roughly $200 billion and product changes; Meta says the ask reaches $1.4 trillion. The OpenAI and Ellison stories are real but, as reported, carry no magnitude.
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Paramount's leadership and CNN's own president have separately floated the same structure. The audience is a dozen blue-state attorneys general, not the newsroom.
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