After driving the price tag up to chase Netflix away, David Ellison pulled off a coup in late February with a $111 billion deal for Paramount to devour Warner Bros. Discovery. Until then, criticism of the sale was on parallel tracks. Would the historic studio be better off in the hands of a streaming video giant that didn’t care about movie theaters or in the clutches of an heir to a tech billionaire with ambitions to remake the entertainment industry in the TikTok era?
With Ellison claiming victory, all of those whispers about the cons of Paramount became the sole focus. Would it be cutting a lot more jobs than Netflix? Could a combined studio actually live up to its 30 movies a year pledge? How does HBO stay HBO in a cost-cutting atmosphere? Can CBS News and CNN live under the same roof without political interference? How close,
...Keep reading this article on Hollywood Reporter.
