Skydance CEOs Tease ‘Aggressive’ Content Investment, ‘Difficult Decisions’ to Come in First Employee Town Hall
"We are not coming together to manage decline. We are coming together to build for growth. And we are going to be ambitious about it," David Ellison says The post Skydance CEOs Tease ‘Aggressive’ Content Investment, ‘Difficult Decisions’ to Come in First Employee Town Hall appeared first on TheWrap .
Skydance co-CEOs David Ellison and Ynon Kreiz held their first employee town hall on Tuesday, following the merger of Paramount and Warner Bros. Discovery. Ellison explained the company's acquisition of the two studios as part of a long-term plan to build something better and more capable of competing with the biggest players in the industry.
He emphasized the need to invest aggressively in great storytelling and embrace new technologies to better compete with rivals. Kreiz added that Skydance's goals include creating the premier Hollywood content engine and home for world-leading storytellers, accelerating the growth of its streaming platform, optimizing its profitable linear TV portfolio, and leveraging its creative capabilities, talent relationships, and expansive library of IP.
The CEOs warned of "difficult decisions" ahead as the combined company works to optimize its operations and integrate the two massive media giants.
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