By Miguel Mike Medina
Photo Credit: ANNA MONEYMAKER/GETTY IMAGES
Billionaire Larry Ellison has joined the fiasco between Paramount Skydance and Warner Bros Discovery. Ellison is the owner of Oracle. He will finance 40.4 billion of the equity and any claims against Paramount.
Paramount wants to buy the entire Warner Bros. Discovery. Earlier this month, Warner Bros agreed to sell its studio and streaming to Netflix for $83 billion.
Netflix is almost in competition with TikTok. Larry Ellison is on both the Paramount and TikTok side. This jostle bid has been massive, and with Larry getting involved, things will get even more interesting. It will be curious to see how Larry will handle all of this.
How long can this go on? It’s pure Hollywood drama. The new offer increases the regulatory reserve termination fee. Larry’s son, David, agrees not to revoke family trusts
David is the founder of Skydance Media, which started in 2010. Skydance merged with Paramount Global in 2025, and Skydance’s CEO became Paramount Global’s CEO. The winner of this bid will most likely determine the future of Hollywood.
Miguel Mike Medina is the publisher of The MMM Journal. He can be reached at medinamiguelmike@gmail.com and themmmjournal@gmail.com
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