Skydance Media, FCC and Paramount
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David Ellison, an actor-turned-producer and son of centibillionaire Larry Ellison, will helm Paramount after its merger with his Skydance media company is complete.
Paramount’s cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges facing David Ellison as he takes control.
The Oracle chairman will not have any "veto rights, or any special or outsized voting rights," per an amendment filed with the FCC
David Letterman didn't hold back in calling out Paramount for acting out of "cowardice" in canceling his former CBS program, "The Late Show."
US regulators on Thursday approved the sale of Hollywood studio Paramount to billionaire producer David Ellison's production company Skydance for $8 billion, roughly a year after the deal was first announced.
Elizabeth Warren, Bernie Sanders and Ron Wyden also question whether Skydance was involved in discussions to cancel The Late Show with Stephen Colbert
David Ellison met this week with Brendan Carr and FCC staffers to discuss the Paramount Global merger which is still under agency review.
Executive at Paramount Global can breathe a sigh of relief with FCC approval of its $8 billion merger with Skydance Media