David Ellison has finally bought Warner Bros. Discovery, remaking Hollywood
Source: Business Insider ·
Paramount's WBD is final, putting David Ellison atop the new-look Skydance that aims to rival Disney and Netflix.
From the source
David Ellison has created Skydance by bringing together Paramount and Warner Bros. Discovery.Mario Tama/Getty Images; David Becker/Getty Images for CinemaCon; Mario Tama/Getty ImagesParamount has bought Warner Bros. Discovery, forming a new media giant: Skydance.David Ellison has become a media mogul overseeing two major movie studios, HBO, CNN, and CBS News.Skydance will be run by Ellison and co-CEO Ynon Kreiz, who will oversee the merger integration.David Ellison has completed his purchase of Warner Bros. Discovery for $110 billion in a mega-deal that promises to reshape Hollywood.Paramount Skydance, now known as Skydance, closed its acquisition of WBD on Tuesday. The combined company now controls Paramount Pictures and the Warner Bros. studio; streaming services HBO Max, Paramount+, Pluto TV, and Discovery+; and TV networks HBO, CBS, CNN, TNT, HGTV, and The Food Network. It also has iconic IP like DC Comics, Harry Potter, and SpongeBob Squarepants.Skydance has the potential to be…