Less than a year ago, David Ellison was the head of a small production company. Now, he’s on the verge of becoming the king of Hollywood.
The Paramount Skydance CEO emerged victorious Thursday night in a bidding war for Warner Bros. Discovery. It was a prize Paramount desperately needed to survive, and winning was not assured. It still isn’t.
The battle pitted Ellison against Netflix, the industry’s biggest and most important player. President Donald Trump injected himself into the sweepstakes. So did the Saudis. And at one point, the bidding war involved a hostile takeover threat.
But Ellison won. And if the deal