Michael De Luca and Pamela Abdy‘s term as chiefs of Warner Bros. is coming to an end. Multiple sources told Variety that De Luca and Abdy will not be part of David Ellison’s management team after the merger between Paramount Skydance and Warner Bros. Discovery closes. The landmark $110 billion pact is expected to be
It took Larry and David Ellison two years to assemble a media behemoth. Now that they’ve bought Paramount, and are about to add Warner Bros. Discovery, the hard part starts: First, they have to figure out how to merge the two companies — and then they have to figure out how to compete with Netflix
Paramount Skydance‘s $111 billion agreement to merge with Warner Bros. Discovery is not quite a done deal, but the company is preparing for the deal to close within the next few weeks. In an SEC filing Friday, Paramount said its board on Sept. 25 “determined to voluntarily withdraw the listing of its Class B common
Warner Bros. has delayed “Gremlins 3” from Nov. 19, 2027, to Oct. 6. 2028. David Zaslav, the CEO and president of Warner Bros. Discovery, first revealed the project during an investor call in 2025. Steven Spielberg is returning as executive producer. “Harry Potter” filmmaker Chris Columbus is set to produce and direct, with a screenplay
The general mood on both sides of the Warner Bros. Discovery and Paramount Skydance aisles on Monday was shock and surprise over the sudden turn of events. And now that Paramount-WB merger has the all-clear signal, staffers are gearing up for what are expected to be multiple rounds of layoffs in the next few months.
Paramount reached a settlement on Monday resolving the antitrust lawsuit that delayed its acquisition of Warner Bros. Discovery, as reported earlier by The New York Times. If approved by the courts, this would remove the last major obstacle to the proposed $111 billion merger, creating one of the world’s largest media companies. The deal includes
