Media industry
fromAxios
1 day agoHollywood's new power player
Ellison's Paramount Skydance is pursuing a cash bid for Warner Bros. Discovery to add CNN and Warner Bros. Pictures and scale streaming competitiveness.
Paramount Skydance, backed by the family of CEO David Ellison, is getting ready to make a bid to take over all of Warner Bros. Discovery before the two companies can go through with their plan to split, per a new report from The Wall Street Journal. If such a deal happens, it would put networks as diverse as CBS, CNN, TCM, and MTV under one roof and result in the combination of two historic Hollywood studios, Paramount Pictures and Warner Bros.