Summary
David Ellison is making moves to become a top player in Hollywood by merging his company, Skydance Media, with Paramount Global. Now, he is exploring a deal to buy Warner Bros. Discovery, a large media company. This potential merger would create a major player in the entertainment industry, but it involves significant financial challenges.
Key Facts
- David Ellison is the son of Oracle CEO Larry Ellison.
- His company, Skydance Media, merged with Paramount Global.
- Ellison is considering buying Warner Bros. Discovery, valued at about $40 billion.
- Warner Bros. Discovery has $35 billion in debt from a previous merger.
- RedBird Capital Partners helped fund the Paramount merger but won't be part of a possible Warner Bros. acquisition.
- Skydance has recently acquired rights to Ultimate Fighting Championship for $7.7 billion.
- The proposed merger would make Skydance a major entertainment company, affecting the competition with Netflix and Disney.
- Past attempts to enter Hollywood have been difficult, but Ellison has a history of producing successful films.
