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Paramount CEO David Ellison Caused Industry-Wide Panic With His Grand Plan For Warner Bros., But Do We Really Need To Be Afraid? – Deadline Disruptors

Deadline·Anthony D'Alessandro·20 days ago
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When it comes to Paramount Pictures’ pending takeover of Warner Bros. , the shouts from those with pitchforks — including exhibitors, filmmakers and lawmakers — are loud: The monopoly of it all, the zany promise of some 30 movies annually , the anxiety that the new merger becomes Disney-Fox, the mass elimination of jobs and so on. Many forget that the debt-ridden Warner Bros. Discovery was in need of a hero to fly in and save the day, much like Tom Cruise’s Maverick from Paramount Skydance’s all-time top-grossing $1.5 billion movie Top Gun: Maverick . WBD was bound to be bought. Enter David Ellison . In February, he snatched Paramount from the jaws of Netflix with a $31-per-share all-cash bid, amid the streamer’s questionable promises for theatrical. Given Ellison’s financial weight from his father, Larry Ellison, and Middle East funds, it could be said that Warners was always his to lose. Watch on Deadline Tom Cruise in ‘Top Gun: Maverick’ Many will argue that the Ellisons’ union of Paramount-Warner Bros.…

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