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David Ellison’s Case for Paramount to Own Warner Bros. Discovery
Paramount Skydance CEO David Ellison speaks during the Bloomberg Screentime conference in Los Angeles on October 9, 2025. PATRICK T. FALLON/AFP via Getty Images
On Friday, Warner Bros. Discovery’s board agreed to sell its studio and streaming assets to Netflix in an $82.7 billion deal that many believed would reshape Hollywood. But just a weekend later, the plot shifted: Paramount Skydance CEO David Ellison came out swinging with an even larger, all-cash proposal to buy all of WBD’s assets for $108.4 billion (or $30 per share). By going straight to WBD shareholders, the young media executive argued that Paramount would serve as a better home for WBD and help preserve Hollywood’s legacy.
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