Paramount chief executive David Ellison breaks silence on Warner Bros mega merger
Summary
Paramount Skydance chief David Ellison spoke publicly for the first time about his company’s $110 billion plan to merge with Warner Bros. Discovery. He argued that the merger would not harm news independence or create too much market control, and noted that legal challenges have paused the deal in the US.Key Facts
- David Ellison is the chief executive of Paramount Skydance.
- The proposed merger with Warner Bros. Discovery is valued at $110 billion.
- Ellison wrote an opinion piece defending the merger against critics.
- He said the combined company would have less than 20% of US TV viewing share, less when counting YouTube.
- Ellison promised the merged company would keep news outlets like CBS and CNN non-partisan.
- The merger plans include producing 30 theatrical films and 170 TV series each year with over $30 billion invested annually.
- Legal challenges from 12 state attorneys general and the Writers Guild of America have paused the merger in the US.
- The US Department of Justice and the European Union have approved the merger, but the trial in the US is postponed to March 2027.
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