Media
Elon Musk invests about $1 billion in Skydance
David Ellison’s father, billionaire and Oracle co-founder Larry Ellison, has a history with Musk.
Netflix to lay off roughly 1,000 employees, or 6% of workforce
Netflix will lay off roughly 6% of its workforce, according to a memo obtained by CNBC.
Skydance’s David Ellison tells CNBC combined company is ‘positioned to win in every single vertical’
Skydance includes two film studios, the CBS broadcast network, a sprawling pay TV portfolio and streaming services Paramount+ and HBO Max.
David Ellison and Ynon Kreiz announce Skydance leadership team
The leadership team for Skydance, the merged entity of Paramount Skydance and Warner Bros. Discovery, will include Bari Weiss, Mark Thompson and Casey Bloys.
David Ellison names Ynon Kreiz co-CEO of Paramount and Warner Bros. Discovery
Paramount CEO David Ellison announced outgoing Mattel chief Ynon Kreiz will serve as the co-CEO of the anticipated combination of Paramount and WBD.
Paramount and state AGs settle lawsuit, allowing Warner Bros. merger to proceed
The antitrust lawsuit threatened to delay Paramount’s acquisition until mid-2027 and to cost the company hundreds of millions of dollars in fees.
Disney names CTO for the first time as media giant expands tech push
Disney has hired a chief technology officer, a newly minted role for the company, as it looks to further its embrace of tech under CEO Josh D’Amaro.
Netflix content chief Bela Bajaria defines event strategy as streamer eyes more live sports
Bajaria said Netflix would be open to a package of international NFL games if one becomes available when the league renegotiates its media rights agreements.
Kimmel says interview with Senate candidate Talarico won’t air on ABC amid FCC threats
ABC has come under increased pressure from the FCC, and the Trump administration has raised concerns about equal air time for political candidates.
Longtime host Maria Bartiromo disputes reports of Fox News termination
Maria Bartiromo, the longtime host of Fox News and Fox Business programming, has disputed reports she was fired from the cable TV networks.