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David Ellison Mulls Tapping Elon Musk for Paramount Investment While Closing in on Warner Bros. Takeover: Report

David Ellison, seeking fresh capital for a merged Paramount-Warner Bros., is considering reaching out to tech mogul Elon Musk — the world’s richest person — to “become part of a syndicate of equity investors into Paramount,” according to a report by Semafor. According to the report, citing anonymous sources, “Musk’s name is one of a […]

VarietyVarietyTodd Spangler1h ago

Judge in Paramount-State AGs Case Still Has Questions, Schedules Hearing on Settlement Terms

Paramount’s deal with the 12 state attorneys general to settle their antitrust lawsuit over the Warner Bros. Discovery merger is not official just yet: The judge in the case has some “outstanding questions” about the settlement, which requires her approval before it takes effect. In an order issued Tuesday, U.S. District Judge Araceli Martinez-Olguin granted […]

VarietyVarietyTodd Spangler17h ago

NY Mayor Zohran Mamdani Blasts Paramount-WBD Deal As “Shameful Monument To Corruption”

New York Mayor Zohran Mamdani, a day after continuing his congenial dealings with President Donald Trump, blasted the “federal leaders” supporting the Paramount-Warner Bros. Discovery merger. “America is free only when the media is competitive, independent, and accountable to the people,” Mamdani posted on X Tuesday. “This merger strikes a chilling blow against that freedom […]

DeadlineDeadlineDade Hayes18h ago
  • neutral toward Zohran Mamdani · 95%

Trump DOJ Official Minimizes State AGs’ Paramount-WBD Settlement, Says It Yielded No New Antitrust Commitments

A top Justice Department official is minimizing the concessions state attorneys general received in the settlement of their antitrust lawsuit to block the Paramount-Warner Bros. Discovery merger. Stanley Woodward, associate attorney general, said in a statement on Tuesday, “After a thorough review of the Paramount/WarnerBros deal, DOJ concluded that market dynamics create the necessary incentives […]

DeadlineDeadlineTed Johnson19h ago

Paramount Shares Tick Up After Settlement As Wall Street Remains Cautiously Optimistic About WBD Merger

A day after the stunning news of an antitrust legal settlement clearing Paramount’s path to close a landmark merger, the company’s stock ticked up 2% amid cautious Wall Street optimism. Shares in Paramount ended Tuesday’s trading at $10.11, down almost 25% in 2026 to date. The stock slumped late in the day Monday despite the […]

DeadlineDeadlineDade Hayes20h ago
  • neutral toward Paramount · 90%

‘Wonder Woman’ Director Patty Jenkins Says Paramount-Warner Bros. Merger Is ‘Such Chaos’: ‘The Studio System Is in Bad Shape’

Patty Jenkins, Halle Berry, Regina King, Misty Copeland and others gathered at downtown Manhattan’s Locanda Verde on Tuesday morning for Tribeca and Chanel’s Through Her Lens luncheon. The timing was notable for an event centered on emerging filmmakers, coming just 24 hours after news that the Paramount-Warner Bros. deal is essentially complete — a consolidation […]

VarietyVarietyAtingley422h ago

Cinema United Says Paramount-WBD Deal To Settle Lawsuit Checks “Many” Of Exhibitors’ Boxes

Movie theater trade association Cinema United, who was an opponent of a Warner Bros Discovery acquisition from the onset, released a statement this morning, commending the four AGs work on settling with Paramount. “The consent decree includes language on increased film production for five years, meaningful theatrical exclusivity and wide distribution, prohibitions on cost increases, […]

DeadlineDeadlinePatrick Hipes22 Sept

List Of Hollywood & Media Layoffs From Paramount To Warner Bros Discovery To CNN & More

Media layoffs across the entertainment industry are hitting hard after the past two years’ avalanche of job cuts. The unfortunate trend can still be felt following the Covid-19 pandemic, dual Hollywood strikes and — the latest event to hit Los Angeles hard: a series of wildfires that broke out in January 2025. As the entertainment […]

DeadlineDeadlineDessi Gomez22 Sept
  • neutral toward Paramount · 94%

Paramount, Warner Bros. Insiders Were Stunned by the Settlement With State AGs. Now They’re Girding for Inevitable Mass Layoffs

The general mood on both sides of the Warner Bros. Discovery and Paramount Skydance aisles on Monday was shock and surprise over the sudden turn of events. And now that Paramount-WB merger has the all-clear signal, staffers are gearing up for what are expected to be multiple rounds of layoffs in the next few months. […]

VarietyVarietyTodd Spangler22 Sept
  • neutral toward Paramount · 87%

CNN Mood ‘Like a Funeral’ as Paramount’s Warner Bros. Win Casts New Haze on Next Steps

Just when staffers at CNN thought the news giant’s path to the future was becoming more clear, new fog has set in. In recent weeks, the Warner Bros. Discovery outlet appeared to have found its groove. Yes, its linear ratings are down noticeably from the era when it won notice for its aggressive coverage of […]

VarietyVarietyBrian Steinberg22 Sept
  • critical toward CNN · 98%
  • favorable toward Paramount · 80%

Merged Paramount-Warner Bros. Will Be a ‘Streaming Powerhouse,’ Wall Street Analysts Say — but Saddled With More Than $77 Billion in Debt

Paramount Skydance’s David Ellison has prevailed in his dogged pursuit of Warner Bros. Discovery. Now comes the hard part: making the economics of the combined company work, given an extremely high debt load of the combined media company. Following the announcement of Paramount’s settlement with the 12 Democratic state attorneys general resolving their antitrust case […]

VarietyVarietyTodd Spangler22 Sept
  • critical toward Paramount-Warner Bros · 96%