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Articles for David Ellison

David Ellison, not Larry, to control family’s Paramount stake after deal
1 month, 3 weeks ago

David Ellison, not Larry, to control family’s Paramount stake after deal

LA Times  

Movie producer David Ellison will control his family’s stake in Paramount Global once his Skydance Media completes its merger with the larger movie and TV company. The Ellisons and their partner RedBird Capital Partners are buying out the Redstone family’s National Amusements Inc., which owns the majority of the voting stock in Paramount. Hollywood Inc. Paramount, Skydance deal draws shareholder …

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Could Paramount’s flirtation with Bronfman strain the Skydance deal?
4 months ago

Could Paramount’s flirtation with Bronfman strain the Skydance deal?

LA Times  

Just when the $8.4-billion deal for David Ellison’s Skydance Media to buy Paramount Global was gliding toward the finish line, Shari Redstone’s roller-coaster sale took another sharp turn. Seagram liquor company heir Edgar Bronfman Jr. this week persuaded Paramount’s independent board members to consider his rival bid for the Redstone family’s investment firm, National Amusements Inc., and a minority stake …

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Bronfman ups bid for control of Paramount to $6 billion
4 months ago

Bronfman ups bid for control of Paramount to $6 billion

LA Times  

Edgar Bronfman Jr. is leading an effort to buy Paramount Global, which already has a tentative deal with tech scion David Ellison. Former Seagram and Warner Music executive Edgar Bronfman Jr. continued his 11th-hour pursuit of Paramount Global, increasing his offer to $6 billion for the Redstone family’s investment firm and the historic studio, according to two people close to …

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Hollywood’s Paramount rule
5 months ago

Hollywood’s Paramount rule

Live Mint  

The first rule of Hollywood: Never spend your own money. Now 41, an avid pilot and son of $172 billion net worth Oracle founder Larry Ellison, Mr. Ellison is set to take over the storied Paramount studio. Mr. Ellison, then in his late 20s, figured he’d raise several hundred million from outside investors for a film fund. One investor told …

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Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power
5 months, 2 weeks ago

Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power

Hindustan Times  

NEW YORK — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. Skydance, based in Santa Monica, California, has helped produce some major Paramount hits in recent years, including Tom Cruise …

Media Hollywood Company Cbs Paramount Top Gun Redstone
Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power
5 months, 2 weeks ago

Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power

Associated Press  

NEW YORK — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. Skydance, based in Santa Monica, California, has helped produce some major Paramount hits in recent years, including Tom Cruise …

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David Ellison is taking control of Paramount. Now the real work begins
5 months, 2 weeks ago

David Ellison is taking control of Paramount. Now the real work begins

LA Times  

Tech scion David Ellison faces a number of challenges to turn Paramount Global around now that he’s clinched control of the media company. The Skydance Media chief executive first made overtures last summer to Paramount’s nonexecutive chair, Shari Redstone, then spent months negotiating and renegotiating a deal acceptable to Redstone, Paramount’s board and the company’s shareholders. Last year, Paramount’s TV …

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Paramount and Skydance agree to merge, marking a new chapter for the storied media company
5 months, 2 weeks ago

Paramount and Skydance agree to merge, marking a new chapter for the storied media company

LA Times  

Tech scion David Ellison’s months-long quest to win control of Paramount Global crossed the finish line Sunday, in a deal that marks a new chapter for the long-struggling media company and parent of one of Hollywood’s oldest movie studios. Paramount Global board members on Sunday afternoon approved the bid by Ellison’s Skydance Media and its backers to buy the Redstone …

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Why Shari Redstone went cold on a Paramount sale to Skydance
6 months, 1 week ago

Why Shari Redstone went cold on a Paramount sale to Skydance

LA Times  

Shari Redstone pulled the plug on Paramount’s proposed sale to Skydance Media on Tuesday, deciding to hold on to her family’s treasures. For seven months, media mogul Shari Redstone agitated for Paramount Global’s leaders to embrace her plan to hand the storied media company to tech scion David Ellison. Hollywood Inc. Paramount Global sale collapses after Shari Redstone pulls support …

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Paramount Global sale collapses after Shari Redstone pulls support for David Ellison deal
6 months, 1 week ago

Paramount Global sale collapses after Shari Redstone pulls support for David Ellison deal

LA Times  

After months of high drama and boardroom tension, Paramount Global’s proposed sale to David Ellison’s Skydance Media collapsed Tuesday after failing to win approval from its onetime biggest supporter, controlling shareholder Shari Redstone. The Redstone family investment vehicle, National Amusements Inc., announced it had failed to reach “mutually acceptable terms” with Skydance for the clan’s controlling shares in the entertainment …

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Skydance’s David Ellison nearing deal for Paramount after sweetened offer
6 months, 3 weeks ago

Skydance’s David Ellison nearing deal for Paramount after sweetened offer

LA Times  

David Ellison’s Skydance Media is close to clearing a major hurdle in its pursuit of Paramount Global. The Skydance proposal would give the Redstone family more than $2 billion for National Amusements, including money to pay off its debts, and its voting shares in Paramount. Hollywood Inc. David Ellison’s Skydance explores possible merger with Paramount through National Amusements Skydance Media …

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David Ellison’s journey from trust fund kid to media mogul vying to buy Paramount
8 months ago

David Ellison’s journey from trust fund kid to media mogul vying to buy Paramount

LA Times  

David Ellison’s Skydance Media is a strong contender to acquire Paramount Global in a deal that would give the 41-year-old control of the storied movie studio behind “The Godfather” and “Chinatown.” When David Ellison, the mega-rich aerobatic pilot and Ferrari-driving son of multibillionaire Oracle co-founder Larry Ellison landed in Hollywood, he was viewed as yet another trust fund scion with …

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David Ellison’s Skydance explores possible merger with Paramount through National Amusements
11 months, 2 weeks ago

David Ellison’s Skydance explores possible merger with Paramount through National Amusements

LA Times  

Film producer David Ellison’s Skydance Media is exploring an all-cash deal to acquire National Amusements Inc., the company that controls Paramount Global, as part of a bid to merge the two entertainment businesses, according to people familiar with the matter who were not authorized to comment. Skydance would be willing to purchase a controlling stake in National Amusements from Shari …

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