02 Mar David Ellison Unveils Sweeping Vision for Warner Bros: “This Is About Reinventing the Business” [The Hollywood Reporter]
By Alex Werpin
March 2, 2026| David Ellison wants to forge a modern media and entertainment empire, and Warner Bros. Discovery will become its centerpiece.
The CEO of Paramount on Monday spoke for the first time about the $110 billion megadeal, which will see the smaller company, backed by tens of billions from his father Larry Ellison and tens of billions in debt from a consortium of lenders, swallow the larger one.
The result will be a behemoth, with two major film studios (Paramount and Warner Bros.); a jumble of TV studios; two major streaming services in HBO Max and Paramount+; and a stable of TV channels that will include CBS, TNT, CNN, MTV, Nickelodeon and HGTV that will make it a formidable player in the declining but lucrative pay TV business. It will be a major sports player, and will combine two TV news giants in CNN and CBS.
Read more at The Hollywood Reporter.
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