Just a few weeks have passed since the merger between Paramount Global and Skydance Media, and CEO David Ellison — son of Oracle tycoon Larry Ellison — is already preparing for a new move. According to reports from The Wall Street Journal, the U.S. media giant is working on a bid to acquire Warner Bros. Discovery, a company in which the Ellison family holds a stake.
The offer, reportedly, would be mostly in cash and aimed at acquiring the entire company, including its television and film operations. Following the news, Warner Bros. shares surged nearly 30%, while Paramount gained 7%.
The deal would bring together two of Hollywood’s most prominent studios at a time when Warner Bros. is said to be considering a possible split into two separate entities: one focused on the cable TV business, and the other on streaming and film production.
Such a move would further expand the Ellison media empire and introduce a new competitor into the industry — one that could challenge the dominance of Netflix and Disney. A scenario that could reshape the balance of power among the major players in streaming and film production.
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