Paramount CEO David Ellison said on the company’s earnings call Tuesday that he believes the company’s merger with Warner Bros. Discovery will go through despite a legal challenge filed by a dozen states. Ellison also weighed in on how the company views artificial intelligence: It’s a tool for human storytellers, not a way to replace
Paramount Skydance chief executive David Ellison has broken his silence, defending his company’s $110bn (£86bn) takeover of Warner Bros. Discovery. Opposition to the mega-merger relies on a vision of Hollywood that “no longer exists,” he wrote in an op-ed published by The New York Times. In his first public comments on the transaction, Ellison rejected
Of all the great cinematic narrative arcs, there’s something special about the return. Think “Rocky,” “The Shawshank Redemption,” “The Natural.” A much maligned or dubious hero rises and triumphs against all odds. Goosebumps, all the time. The comeback saga rings very true for those in the film industry and those millions of movie buffs who
The head of Cinema United reiterates the lobbying organization’s opposition to Paramount Skydance’s proposed merger with Warner Bros., as well as the group’s support for litigation brought by state attorneys general that put the deal on hold. In a letter to movie theater owners on Wednesday, Michael O’Leary, CEO of Cinema United, argued that “this
Hollywood powerbroker Ari Emanuel has come to the defense of his friend and business partner David Ellison, alleging that state attorneys general trying to block Paramount’s deal with Warner Bros. Discovery are threatening to “destroy” competition in the entertainment industry. Emanuel, CEO of TKO Group and former director of Endeavor, wrote an op-ed published Tuesday
A federal judge on Thursday extended the order blocking the Paramount-Warner Bros. merger for an additional 14 days, meaning the deal cannot close before Aug. 18. Judge Araceli Martínez-Olguín is scheduled to hold a hearing on August 3 on a request for a preliminary injunction that would block the deal indefinitely. Paramount is requesting additional