"David Ellison is officially the CEO of Paramount Skydance. After a successful Paramount merger, next on his wish list is Warner Bros. Discovery - and he's launched a hostile takeover bid in an effort to scoop it out from Netflix's hands. The 42-year-old founded Skydance back in 2006 with some help from his father Larry Ellison, the Oracle cofounder who's worth $277 billion, according to the Bloomberg Billionaires Index."
"Since then, Skydance has enjoyed considerable success with films including "Mission Impossible: Ghost Protocol" and "Baywatch," and a total box office haul of more than $8 billion. The merger deal valued Skydance at $4.75 billion. Its biggest hit has been "Top Gun: Maverick," which became the second-highest-grossing film of 2022 after making almost $1.5 billion worldwide."
David Ellison is chairman and CEO of Paramount Skydance following an $8 billion merger with Paramount. He has launched a hostile bid to acquire Warner Bros. Discovery, positioning Paramount Skydance against Netflix. Skydance was founded in 2006 and was valued at $4.75 billion in the merger. The company has a cumulative box office of over $8 billion, highlighted by Top Gun: Maverick, which earned nearly $1.5 billion worldwide and ranked as 2022's second-highest-grossing film. Ellison is 42 and is the son of Oracle cofounder Larry Ellison, whose net worth is reported at $277 billion. Ellison has a background in flying and briefly acted before focusing on studio leadership.
Read at Business Insider
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