Will Warner Bros. kill Skydance — or will David Ellison kill Warner Bros?
Today, I’m talking with Peter Kafka, chief correspondent at Business Insider and host of the Channels podcast, about the gigantic Warner Bros.-Paramount merger and the future of the company now simply called Skydance. Skydance is owned by David Ellison, son of Oracle CEO Larry Ellison, and its deal to acquire Warner Bros. Discovery officially closed […]
Peter Kafka, a chief correspondent at Business Insider and host of the Channels podcast, discussed the recent Warner Bros.-Paramount merger and the company now known as Skydance. Skydance, owned by David Ellison, the son of Oracle CEO Larry Ellison, officially acquired Warner Bros. Discovery. Despite the grand ambitions, acquiring Warner never goes well for anyone.
AOL, AT&T, and Discovery have all failed in their attempts. Peter asked Kafka if he believes that Ellison and Skydance have a real shot at success where others have failed. Kafka explained that Skydance is not just a holding company, but a new company that will merge the assets of Warner Bros., Paramount, and HBO. While Skydance may eventually become a known name to consumers, there are branding issues to be addressed in the near term.
The merged company will likely operate under one name and one streaming service, with David Ellison at the helm.
Written by urgent.news from The Verge's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
