Ellison's company, Skydance Media, acquired CBS owner Paramount Global earlier this year and is now preparing to purchase Warner Bros. Discovery.

Paramount, Comcast and Netflix submitted bids just five days ago as the formal process kicks in to higher gear on Dec. 1.

David Ellison's Paramount Skydance wants to buy Warner Bros. Discovery. A pairing of their streamers could challenge Netflix and Disney.

Paramount Global CEO David Ellison attended President Donald Trump's East Room dinner for Saudi Crown Prince Mohammed bin Salman on Tuesday just hours after a Paramount spokesperson denied reports that the company is forming an investment consortium of Arab wealth funds to support its bid for Warner Bros.

The lobbying blitz by Netflix’s Chief Executive Ted Sarandos – which is looking to soothe antitrust concerns not only with the Trump administration but also members of Warner Bros. Discovery’s board – has begun to chip away at Paramount Skydance’s lead in the auction, according to people with knowledge of the matter.

The company is targeting $30 billion in revenue in 2026, Ellison told Wall Street in an investor letter, and is launching a "comprehensive strategic review" of assets that might not be core to his plan.

David Ellison ’s Paramount Skydance reported its first quarterly earnings under its new name, revealing a company still deep in restructuring. The short-term outlook remains focused on cost efficiencies, even as Ellison emphasizes long-term investment in content.

Until recently, David Ellison, with his billionaire father’s support, was seen as the leading contender to buy WBD – the owner of the Warner Bros. studio, HBO and CNN – after he signaled his interest upon completing his $8 billion purchase of Paramount to create Paramount Skydance.

Do all roads lead to an acquisition of Warner Bros. Discovery and, if not, can the company "truly compete with the likes of Netflix, Disney, and Amazon," analysts ask.

Larry Ellison discussed with one White House official possibly axing CNN hosts Erin Burnett and Brianna Keilar should David Ellison’s Paramount Skydance purchase CNN parent Warner Bros. Discovery, according to a report in the Guardian.

Puck reports that the president has successfully convinced his MAGA pal David Ellison, the Skydance CEO who just gobbled up Paramount, to reboot the Rush Hour franchise. Trump reportedly leaned on his billionaire buddy this week to get the Hollywood studio to bring back his favorite movie franchises,