"The news sent waves through the media industry, in part because of how quickly Ellison seems to be moving to consolidate power. As a reminder, the deal that combined his company, Skydance, with Paramount closed just last month. It helps that Ellison has the financial backing of his father, Larry Ellison, who briefly surpassed Elon Musk as the world's richest person this week."
""There's absolutely no doubt that a combination of these two companies would result in the deepest roster of blockbuster franchise IP in all of Hollywood," said Brandon Katz, the insights and content strategy director at entertainment data provider Greenlight Analytics. It would also give Ellison a host of cable TV networks and some additional sports rights, and create potential antitrust scrutiny."
David Ellison and Paramount Skydance are preparing a majority-cash bid to acquire Warner Bros. Discovery, backed by the Ellison family. The Skydance-Paramount deal closed last month, giving Ellison newly consolidated film and TV assets. Warner Bros. Discovery owns Warner Bros. studios, HBO Max, cable networks, and some sports rights. The proposed combination would assemble an extensive roster of blockbuster franchise intellectual property and create significant scale in film, television, and streaming. The bid could prompt antitrust scrutiny given market concentration and would position Ellison to directly challenge Netflix and Disney. Larry Ellison provides significant financial backing, strengthening the deal's financing capability and strategic reach.
Read at Business Insider
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