Paramount, FCC and Middle Eastern funds
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An $81 billion Warner-Paramount mega merger has received shareholders’ stamp of approval, propelling a deal that could vastly reshape Hollywood and the wider media landscape closer to the finish line.
The Warner Bros. Sale to the Ellisons Illustrates Perfectly Why Shareholder Capitalism Is a Disaster
When Warner Bros. Discovery shareholders voted last Thursday on the Ellison family’s purchase of the company, the result wasn’t exactly close. Approximately 1.743 billion shares were cast in favor of the sale, while just 16.3 million were cast against it. That’s a ratio of roughly 99-to-1.