"David Ellison made a pitch to Madison Avenue executives, asking for advertising support, and promised that the combined Warner and Paramount studios would put out 30 movies a year."
"AMC CEO Adam Aron endorsed the takeover deal, stating, 'I greatly appreciate David Ellison's track record of success and his passion to make movies that will dazzle audiences the world over.'"
"Jerry Bruckheimer stated, 'The train has left the station. It's going to get done,' expressing confidence in the merger and Ellison's commitment to producing 30 movies."
"More than 4,000 Hollywood directors, actors, writers, and others signed an open letter opposing the merger, indicating significant industry concern."
Shareholders of Warner Bros. Discovery approved a $110 billion merger with Paramount Skydance, which will place David Ellison in control of Warner Bros. and its assets. Ellison has assured advertising support and promised to produce 30 movies annually. AMC CEO Adam Aron endorsed the merger, praising Ellison's commitment to filmmaking. Jerry Bruckheimer expressed confidence in the deal's approval, emphasizing Ellison's passion for movies. However, over 4,000 industry professionals signed a letter opposing the merger, and a compensation package for Warner's executives was not passed.
Read at www.npr.org
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