- David Ellison has acquired Paramount Skydance and Warner Bros. Discovery, giving him control of two of Hollywood's most storied movie studios.
- Ellison had set his sights on Warner Bros. long before sealing the Paramount deal in August of last year.
- Ellison viewed Warner Bros. as undervalued and the two studios as complementary, according to a person familiar with his thinking.
- The report frames the twin acquisitions as fulfilling an ambition Ellison held for years.
Quotes
“It took just 13 months for David Ellison to acquire two of Hollywood’s most storied movie studios”
“Ellison thought the two studios would complement each other and that Warner in particular was undervalued”