"Does David Ellison, who just bought Paramount, want to buy Warner Bros. Discovery next? Most everyone in the media business thinks so. And multiple outlets have reported that Ellison, backed by his father, Oracle founder Larry Ellison, plans to bid for WBD, whose assets include HBO, the Warner Bros. movie and TV studio, and cable channels including CNN. Onstage at a Bloomberg event on Thursday, David Ellison refused to answer questions about his plans."
"The rough idea: Meld Paramount's streaming services with HBO Max, and its film and TV studios with Warner Bros. Add in WBD's sports rights and Paramount's crucial NFL package, and share back-office functions like sales, distribution, and marketing. In another political climate, merging two legacy media giants might face tough antitrust scrutiny. But the working assumption is that Larry Ellison's longtime support of Donald Trump - and Trump-friendly moves the Ellisons have made"
David Ellison, backed by his father Larry Ellison, recently acquired Paramount and is widely expected to bid for Warner Bros. Discovery. Warner Bros. Discovery's assets include HBO, the Warner Bros. film and television studios, and cable channels such as CNN. Ellison declined to answer questions about future plans at a Bloomberg event. Combining Paramount and WBD has industrial logic: merging streaming services and studios could create a competitor to Netflix, Disney, and Amazon. A combined company could pool sports rights, including WBD's holdings and Paramount's NFL package, and consolidate sales, distribution, and marketing. Political dynamics could influence antitrust scrutiny.
Read at Business Insider
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