Ellison, Paramount
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David Ellison fought hard to win Warner Bros. Discovery. But despite his strenuous efforts, he lost out to Netflix — and now Ellison is switching from carrots to sticks: Paramount Skydance is taking its case directly to shareholders in a hostile takeover bid for WBD.
President Donald Trump inserted himself directly into the battle for control of Warner Bros. Discovery on Wednesday, saying, “It’s imperative that CNN be sold,” while deriding the network’s news coverage.
Insiders say Trump’s comments come as Paramount Skydance’s owners, David Ellison and his father Larry, have been scrambling to do damage control with the White House over an explosive “60 Minutes”
On today's 'Daily Variety' podcast, David Ellison tries to pry Warner Bros. and HBO from Netflix; 'Five Nights at Freddy's 2' impresses at box office.
The Paramount Skydance CEO writes that his $30-a-share hostile bid is superior to Netflix's "across every dimension
Netflix’s agreement to buy Warner Bros. in a $72 billion deal marks a seismic shift in Hollywood, handing the streaming giant control of iconic franchises such as Batman and Harry Potter and triggering an immediate backlash from theater owners and the jilted Ellison family behind Paramount.