Paramount Skydance and Warner Bros. Discovery have officially merged into Skydance Corp. And the top leaders have notified the new company’s staffers that layoffs are in the offing. David Ellison, chairman and CEO, and co-CEO Ynon Kreiz (formerly chief exec of Mattel) sent a memo to employees at the combined company Tuesday morning around 9:40
While the company said it had received unanimous approval from competition authorities across the world, the long running takeover process has featured controversy since the beginning. Netflix intially had a deal to buy part of Warner Bros Discovery, but Paramount Skydance launched a bidding war, leading to the streaming giant walking away. Lawyers in about
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.
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,
Paramount TV media chair George Cheeks, whose domain has included all of CBS in addition to the Paramount cable networks, is said to be in line for an expanded oversight at the newly merged Paramount-Warner Bros. entity (which will be named “Skydance,” the company revealed Friday). Skydance would not comment, but Cheeks has been seen
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
