Our @mlcalderone drills down into David Ellisons vast new media power. What will he do with it?
💯 Priceless quote from Ted Sarandos ending his post-mortem interview with @Lucas_Shaw Lucas: "If you feel like this is a rare asset, that also means that an asset like this may not come up again anytime soon, right?" Ted: "Possibly. Or...

Paramount boss David Ellison confirms their @ufc agreement enables them to put fights on @HBO, sorta brings HBO back to its fighting roots @BrandoLightShed $PSKY $WBD https://t.co/Dph8xQXjcP
the only analysis on this, imo, outside of "efficiency savings" through mass layoffs (🤮🤮🤮🤮) and tech stack consolidation is what percentage of "churn and return" customers from these two cohorts would extend their subscription lifetime with very little CAC increases.
"We have no intention to pull back on production," says Paramount CEO David Ellison, who adds combining streaming requires investing in content to achieve growth goals.
If CNN can't get a decent sub growth push with the recent strikes in Iran, it should be a sign that a standalone CNN streaming app is a Bad Idea, and should be brought back into HBO Max. Then again,...
"HBO should stay HBO," promises Paramount CEO David Ellison. Praises Casey Bloys and says "Game of Thrones" is his favorite HBO show." I'd get to negotiating a new deal for Bloys then ASAP.
Paramount CEO David Ellison says no asset sales planned at this time if WBD deal goes through.
Paramount CEO David Ellison calls deal to acquire Warner, "a unique and thrilling moment." Alas he said it with the enthusiasm of a parking attendant telling you to head to the roof for a space. Pre-recordings never sound exciting.
On investor call, Paramount confirms it plans to put P+ and HBO Max together, making one service from the two.
Combined Par-WBD estimated to have $69 billion in proforma revenue and $18 billion in EBITDA.
Paramount COO Andy Gordon says $6 billion in synergies can be realized in three years from consolidating streaming structures, optimizing real estate holdings, combining various units, etc.
Paramount CEO David Ellison commits to 30 theatrical movies and a 45-day window and says HBO will continue to have the resources and independence to "do what it does best."
Paramount CEO David Ellison says deal with Warner is opportunity to help shape the future and build the next generation media and entertainment company.

Paramount investor call to discuss merger w Warner is about to begin.... $PARA $WBD https://t.co/fMPs2jSr2O
BiotechTV is growing today. I’m happy to welcome @WassimLaroussi3 as our newest contributor. I’ve been impressed with his own videos, and he is going to do some very cool stuff for @BiotechTV. https://t.co/LUcm1sTqGz
Netflix Boss Ted Sarandos Speaks Out After Losing Warner Bros. Bid: Paramount Offers Were ‘Irrational,’ Relied on Political Pressure Because it’s ‘Cheaper to Make Noise’ https://t.co/lSMiTSgKnA
Ted Sarandos to @Lucas_Shaw: "Once it was clear that we weren’t in the CNN business, it was a lot less interesting. He didn’t care that much more about our deal." https://t.co/0CAfEi37Ws
Ted Sarandos says Netflix knew it would pull out of the Warner Bros bidding as soon as it saw the final Paramount offer. We spent 40 minutes on Saturday discussing why Netflix didn’t match and what the Paramount deal means...

🧵I wrote in the @nytimes about why Hollywood isn’t relieved that Paramount rather than Netflix is poised to win Warner Bros: “After years of tumult-Covid, strikes, streamer wars, wildfires- Hollywood is exhausted, angry, resentful and anxious. https://t.co/alYpuAuAp0

#AmazonMGM’s new crime thriller #Crime101 starring #ChrisHemsworth, #HalleBerry & #MarkRuffalo held well at US #BoxOffice, grossing 3.4M on 3rd 3-day weekend, just a -38.2% drop from last weekend, despite losing -554 theatres on FRI and facing #Scream7 (vs #TheBeekeeper’s 6.7M,...
Warner Bros makes roughly 80 shows a year for internal/external destinations. Paramount Skydance makes roughly 120 shows a year for internal/external destinations. Massive combined leverage as a third-party content supplier on the open market.
Six Months, 9 Offers and $81 Billion. How Hollywood’s Nasty Takeover Was Won. W/@jtoonkel @laurenthomas @davidamichaels https://t.co/TFOmN7A5Zq

We used to think audio was all about the catalog, but it turns out that might be just as true when it comes to video... h/t @michaelbeach https://t.co/RhM8t8AN6c
Power, politics and a $2.8-billion payout: How Paramount's David Ellison topped Netflix to win Warner Bros. Discovery. @latimes https://t.co/6HgvA4tXeH
"Netflix’s real triumph was driving up the price Paramount had to pay and saddling the newcomer with enough debt to hobble any challenge to Netflix’s streaming dominance." -- @HolmanJenkins https://t.co/4V3TUD31y8
"In a world in which antitrust has become a political weapon, Paramount had the upper hand. Its reward means it will now have to combine two companies whose debt is junk-rated and find a media business model that works." https://t.co/Lx1hXs4Ijz...
‘David Ellison Scares the Shit Out of Me’: How Paramount Beat Out Netflix, Won Warner Bros. and Will Change Hollywood Forever https://t.co/Pt6DwlK7fc
So @andersoncooper quits 60 minutes over dissatisfaction with new ownership and now works for the same team again https://t.co/pyHkrAMNUP
Warner says in SEC filing that 'The boards of directors of WBD and PSKY have unanimously approved the Merger Agreement...'
Journalists at CNN are fearful for what's ahead if Paramount takes over - but want to just do the job My conversation with @ailsachang on NPR's All Things Considered, coming up at 4.35/6.35p
Netflix Says Paramount Has Paid $2.8 Billion Breakup Fee for Warner Bros. Discovery Deal https://t.co/tPYGdECLW7
This $2.8 billion termination fee is bigger than the combined global box office of Paramount’s Terminator franchise https://t.co/cWW1JErDM4 via @Lucas_Shaw @MichelleF_Davis
Netflix, in SEC filing, says Paramount 'on behalf of WBD, paid the $2,800,000,000 termination fee owed to Netflix in accordance with the terms of the Merger Agreement.'
Last Saturday, Netflix was the heavy favorite to buy Warner Bros. What changed? How did David Ellison pull it off? Why did Netflix back off? Behind the scenes of one of the biggest deals in business history with @MichelleF_Davis and @joshua_sisco...
Warner Town Hall: Management sounds shell shocked about the Paramount deal. Do they really want to sell? https://t.co/XWnrLMB7zM
Anderson, cooped. Jake, tapped. Erin, burnt. Kasie, hunted. Wolf, blitzed. Fears are running high among CNN staff after parent company Warner cleared the way for a sale to Paramount, which has been a shaky custodian of its own journalism assets https://t.co/c3LvI7HQXl
CNN Staffers Fear Warner Bros.-Paramount Deal Will Hurt Their Journalism and Network’s Financial Health https://t.co/c3LvI7Hj7N via @variety

The Paramount-Warner Bros. Discovery Bros. deal can be best understood through four objectives. 1. Buying IP that audiences already love — because nobody builds DC or Harry Potter from scratch. 2. Protecting valuable IP—after this deal closes, Netflix will lose "fat tail"...
AT&T paid $85.4B for Warner Bros. and failed to create value. Disney paid $71.3B for Fox and has struggled to consistently wring value out of it. Discovery paid $43B for Warner Bros. and failed to create value. Paramount will pay $111B...
Who really won in Paramount’s acquisition of Warner Discovery? Plus new details on the mountain of debt awaiting the Ellisons. My debate with Bill Cohan @PuckNews ⬇️⬇️ https://t.co/xl4sfxLQQD

#AmazonMGM is full on their iconic video game adaptations era, releasing our first look at the #GodofWar streaming series, unveiling a still of #Kratos and #Atreus, to announce that production of the series based on the popular game has officially...
Nuance and Depth are Paramount to Understanding this Story ... @crupicrupicrupi Delivers. See What I did There? Netflix Says No to Warner Bros. After Price War, Beltway Concerns: https://t.co/Yhskq9nksa via @sportico
The Ellisons nab Warner and CNN in the biggest leveraged buy-out in history. Who's going to run it? https://t.co/KOQeZ3NQTy
D.C. Memo: Nexstar CEO Sook – Washington Has Not Said Company Needs to Sell Stations to Close TEGNA Deal | $NXST @NXSTMediaGroup $TGNA @TEGNA https://t.co/md3Cz4tI5F
How Can Paramount+ Recoup Its $7.7 Billion UFC Bet? Subs Won’t Do It 👇https://t.co/zU9AQ6MVr4 via @sportico
Nothing uncertain about it: CNN is fucked. This is the last nail in the coffin of American mass media as a legitimate actor. For CNN, a Change in Ownership Means a Suddenly Uncertain Future https://t.co/JFGHcIaQYc
Hollywood's mega-merger battle ends with Warner Bros. as the real winner with a 78% stock bump since September - https://t.co/Ue55w8GTQk
Suffice to say, the mood inside CNN is not good tonight. “We are doomed," one staffer texted me. “The panic at CNN right now is off the charts,” an insider added. Details in @get_status: https://www.status.news/p/cnn-david-ellison-trump-paramount-wbd-netflix-deal
As Paramount Skydance Grabs Warner Bros. and Netflix Bows Out, the Mood Inside All Three: Champagne Toasts vs. ‘Gut Punch’ https://t.co/7WOc11cdK3