News Formal

David Ellison's goal for Paramount: make it a 'media and technology' company

  • 📰 latimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 82%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The day after Paramount's board approved a merger agreement with Skydance Media, tech scion David Ellison laid out his plans for the newly-combined company.

To compete in today's tumultuous entertainment industry, Paramount Global will need to evolve into a 'media and technology' company, tech scion and soon-to-be Paramount Chief Executive David Ellison told investors and financial analysts Monday, a day after the company's board approved a merger deal with his Skydance Media.

Ellison noted the partnership that Skydance Animation has with Oracle — which was co-founded by his father — to build a so-called 'studio in the cloud.' Though animation has long been seen as an on-premise industry, Ellison said Skydance's newest animated film, 'Spellbound,' was partially produced in the cloud, which reduced costs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paramount signs off on merger with David Ellison’s SkydanceThe deal transfers control of the storied studio behind CBS, MTV and the “Top Gun” franchise, bringing the Redstone era to a close.
Source: washingtonpost - 🏆 95. / 72 Read more »