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Warner Bros.
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- 1
Paramount has won the bidding for Warner Bros., a deal that will put CNN under new ownership. According to a Variety report, staff inside the news network describe the atmosphere as 'like a funeral', with the path forward described as hazy. Employees are anxious about what Paramount's takeover will mean for CNN's editorial direction, leadership and staffing as one of America's best-known cable news operations changes hands.
- 2David Ellison faces steep challenges after winning Warner Bros. battle▼After a bruising battle for Warner Bros., David Ellison faces daunting challenges in Hollywood
David Ellison has emerged victorious from a hard-fought contest for Warner Bros., but the Los Angeles Times reports that the real work lies ahead. Industry observers say he must now turn around a troubled studio, manage heavy debt, and compete in a fast-changing entertainment market. The outcome of the bidding war and the scope of the task facing Ellison are keeping Hollywood talking.