
Paramount Chairman David Ellison outlined a plan to merge HBO Max and Paramount+ after a $110 billion acquisition of Warner Bros. Discovery, creating a streaming platform with over 200 million subscribers. The combined entity will inherit blockbuster franchises such as Harry Potter, Lord of the Rings, Mission: Impossible and Top Gun, while retaining HBO’s independence. Ellison emphasized cost‑cutting through technology consolidation and pledged no cuts to programming budgets despite a projected $79 billion net‑debt load.
Nexstar Media Group announced layoffs of longtime KTLA anchors Glen Walker and Lu Parker, along with veteran meteorologist Mark Kriski, as part of a company‑wide cost‑reduction drive. The cuts extend to other major‑market stations such as Chicago’s WGN and New York’s WPIX, reflecting...
Warner Bros. Motion Picture Group co‑chairs Pam Abdy and Mike De Luca celebrated a landmark year in which their 2025 slate generated over $4 billion at the box office and earned three Best Picture nominations – a feat not seen since...