Larry Ellison (Oracle) to run Paramount (lemmy.world)

submitted 1 month ago by reddig33@lemmy.world to c/television@lemmy.world

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So although Paramount is being purchased by Skydance media, it’s being bankrolled by Ellison of Oracle software fame. Why he wants to run an entertainment studio, I have no idea.

https://www.reuters.com/business/media-telecom/billionaire-larry-ellison-control-paramount-after-deal-bloomberg-news-reports-2024-09-05/

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[-] some_guy@lemmy.sdf.org 12 points 1 month ago

This seems like a bad idea.

[-] robolemmy@lemmy.world 11 points 1 month ago

He’ll have financial control but not operational. It looks like his son will be ceo and president, so I guess maybe it’s a nepobaby purchase?

[-] edgemaster72@lemmy.world 7 points 1 month ago

Oh, good, that's soooo much better.

[-] bizarroland@fedia.io 3 points 1 month ago

I mean it actually is unless you want every single item on Paramount+ to cost $7,000 per hour of view time.

I imagine though that the nepo baby will get like a year of lead time and then we'll probably be you know promoted to a personal project and then some scrub will be subbed in who will jack up the prices and make it profitable fuck the customers

[-] lordnikon@lemmy.world 6 points 1 month ago

I guess bye bye star trek

[-] kerthale@lemmy.world 4 points 1 month ago

I really don’t like Oracle and I really don’t like Larry Ellison. What his daughter Megan is doing though with Annapurna pictures and especially Annapurna interactive is amazing. And apparently his son, David, who the article mentions would run the place seems to be heavily involved in the movie industry as well. I don’t know, weirdly this makes sense and actually sounds like a decent idea.

this post was submitted on 05 Sep 2024

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