David Ellison's rocky box office history
CNBC • • business
Key Points:
- Paramount Skydance CEO David Ellison has been attempting to acquire Warner Bros. Discovery (WBD) for nearly six months, recently increasing his offer amid competition from Netflix, which agreed to buy WBD's film studio and streaming assets.
- Warner Bros. is a highly valuable asset due to its strong box office performance and extensive library, including franchises like DC superheroes, Harry Potter, and Lord of the Rings, making it a coveted target for media companies.
- Skydance, merged with Paramount in August, has had box office successes primarily driven by Tom Cruise-led films such as "Top Gun: Maverick" and the "Mission: Impossible" series, but overall its theatrical track record shows variability and high production costs.
- Paramount Sk
