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in Cory Booker, David Ellison, ElectionLine, News, Paramount, Paramount-WB, Senate Judiciary Committee, warner bros. discoveryCory Booker To Hold Hearing On Paramount-Warner Bros. Discovery Merger
Sen. Cory Booker (D-NJ), the top Democrat on the Senate antitrust subcommittee, will hold a “spotlight hearing” on Wednesday on Paramount‘s proposed merger with Warner Bros. Discovery. Booker also has invited Paramount CEO David Ellison to testify, follow up on previous letters asking him to appear. A “spotlight hearing” is not an official hearing on […] More
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Leading Shareholder Advisor ISS Slams David Zaslav’s “Windfall” Golden Parachute
Leading proxy advisory firm Institutional Shareholder Service recommended Warner Bros. Discovery shareholders support the company’s sale to Paramount Skydance but to reject CEO David Zaslav’s potential $886 million merger-related golden parachute — calling it “extraordinary,” not in a good way. WBD stockholders will vote April 23 on both the deal and the payment at a […] More
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in Cindy Holland, David Ellison, Executives, George Cheeks, Jeff Shell, News, Paramount, warner bros discovery, wbd
Paramount Won’t Need To Replace Jeff Shell, Insiders Say
Jeff Shell is unlikely to be directly replaced as president of Paramount, numerous insiders and people who do business with the company tell Deadline. Despite weeks of speculation about Shell’s future amid allegations that he leaked privileged information and possibly violated SEC rules, the news that he was out at Paramount still delivered a jolt […] More
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Paramount Nears Deal Securing Gulf State Funds To Back WBD Acquisition – Report
Paramount Skydance seems to be nearing a deal to secure funding from three Gulf nation sovereign wealth funds to back its proposed acquisition of Warner Bros. Discovery, according to a Sunday report in the Wall Street Journal. Per the outlet, the corporation is seeking signed equity commitments of close to $24 billion, for which Saudi […] More
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David Ellison On Cost Savings, Growth, The Tech Stack & AI As WBD Merger
David Ellison says savings from the Skydance-Paramount merger will significantly exceed the $3 billion initially projected, with $2.5 billion anticipated by the end of this year. And, “We’re in the process of basically converging Paramount+, BET+ and Pluto all into one unified tech stack. We’re going to finish that second quarter of this year,” the […] More
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in Committee For the First Amendment, ElectionLine, Jane Fonda, Joan Baez, Kennedy Center, News, Paramount, Paramount WB, Politics, warner bros. discovery
Jane Fonda Leads First Amendment Rally To Warn Of Paramount-WB Merger
Jane Fonda brought her Committee for the First Amendment to Washington, D.C. on Friday for a pre-No Kings Day rally that focused on Donald Trump’s attacks on the media and the pending merger between Paramount and Warner Bros. Discovery. Held on a street just near the Kennedy Center, the event’s purpose was to “defend free […] More
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Eva Longoria Expresses Consolidation Fears Over WBD-Paramount Merger
Eva Longoria has waded into the debate over the potential impact of the Warner Bros. Discovery–Paramount merger, expressing her fears over how the consolidation will impact jobs and diversity. “The consolidation is the scary part of it… especially when you see a consolidation, you see a massive amount of job loss of creatives… because it […] More
