David Ellison Says Skydance Positioned to Win in Every Vertical
Dow Jones10-08
1119 ET - David Ellison says all the work it took to complete his $81 billion deal to combine Paramount with the much larger Warner Bros. Discovery was well worth it. "The reason why we went through everything that we did is because with the combination, and the completion of this transaction, we are positioned to win in every single vertical that we operate in," Ellison says in an interview with CNBC. Ellison adds that the combined company, called Skydance, has "the greatest content engine with marquee intellectual property," as well as the ability to immediately scale its streaming, sports and linear portfolios.
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