Larry Ellison is poised to replace Shari Redstone as the most influential shareholder in Paramount's parent company, as revealed in an FCC document.
The document clarifies that Pinnacle Media, the Ellison family investment vehicle, will hold 77.5% of the voting interest currently owned by Ms. Redstone.
Brian Quinn from Boston College notes that while Larry Ellison may allow David free rein, it remains uncertain if he will dictate major decisions.
The family ties suggest an intricate power dynamic, where Larry Ellison's influence on the future decisions of Paramount may be substantial.
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