American businessman; co-founder and CTO/executive chairman of Oracle; prominent investor and owner of Lanaʻi land
A coalition of 12 U.S. states has secured a 14-day pause on Paramount’s $110 billion merger with Warner Bros. Discovery, pending a ruling on a preliminary injunction. The deal remains under antitrust review globally as regulators weigh competition, pricing, and content implications for theaters, networks, and streaming platforms.
The European Commission has cleared Paramount and Warner Bros. Discovery’s merger after Paramount agrees to terminate a distribution joint venture with Universal in Europe and to refrain from joint distribution deals with Universal or Disney for 10 years. The approval comes with a 13-month unwind window for the Universal arrangement. US regulators remain weighing the merger, with a court pause and potential injunction ongoing.
Paramount+ is rolling out a free, ad-supported tier and testing micro dramas as part of a broader product revamp. The moves are designed to attract new users, boost engagement, and drive future subscriptions, while streaming peers remain constrained by antitrust scrutiny over Paramount’s potential WBD acquisition.
The CBS News division, led by Bari Weiss, has seen a wave of departures at 60 Minutes, including Sharyn Alfonsi, Cecilia Vega, Tanya Simon, and other veterans. Anderson Cooper has left, and Scott Pelley was fired, as the network faces internal tensions and questions about editorial direction. New hires across the program aim to stabilize coverage and restore trust amid ongoing changes and a larger merger dispute involving Paramount and Warner Bros. Discovery.
Industry leaders warn that AI infrastructure investments have sparked a ferocious race among hyperscalers. Earnings calls show wide investor scepticism about when returns will materialise, even as compute demand remains strong.
Paramount’s proposed merger with Warner Bros. Discovery has been paused amid a flurry of antitrust challenges from U.S. states and industry groups. CEO David Ellison has publicly defended the deal, arguing independence for CNN and CBS News, and detailing commitments to keep production flowing if the deal proceeds.
California Attorneys General have filed a high-stakes antitrust challenge to the Paramount-Warner Bros. Discovery merger, arguing it would harm consumers and reduce competition. The coalition seeks to block the deal, which would combine HBO Max, Paramount+, HBO, CBS, CNN and thousands of titles under one umbrella. The case has paused the merger, with a ticking fee looming if not closed by Oct. 1. Regulators in the EU have granted conditional approval, while Paramount says the deal will boost production and distribution efficiency.
The UK has cleared Paramount’s proposed takeover of Warner Bros. Discovery, subject to legally binding commitments to preserve Channel 5’s independence and the UK’s editorial boundaries. The CMA and DCMS say the deal will not lessen competition and will protect UK content; a US antitrust challenge remains pending.
CBS Evening News has seen ratings improve with a substitute anchor, Matt Gutman, delivering best performance in 17 weeks as Tony Dokoupil recovers from fluctuations in viewership. Independent confirms Gutman’s temporary boost, while The Guardian notes ongoing challenges for Bari Weiss’s leadership and 60 Minutes changes amid a broader network transition.
Paramount has signalled willingness to engage with California and other states over the Warner Bros. Discovery merger. The company is preparing for possible relocation if settlement talks fail, while regulators press to block the deal on antitrust grounds. A March trial remains in focus, with ticking fees looming as the company seeks a path forward.
Oracle is preparing a second round of job cuts as it accelerates investment in AI infrastructure. Some teams may face double-digit reductions, with managers asked to list affected employees to trim payroll by Sept. 1. The company has previously eliminated about 21,000 roles in 2026 while increasing AI spending.
California and 11 other states have filed suit to block Paramount's $110 billion merger with Warner Bros. Discovery, arguing it would reduce competition and raise prices. A new round of talks has been underway, with a focus on structural remedies; state officials say robust concessions are required, while Paramount warns of ticking fees and potential relocation pressures.
Actor Mark Ruffalo has urged lawmakers to block Paramount Skydance’s $111 billion merger with Warner Bros Discovery, linking the deal to Oracle’s ties to Israel. Paramount calls the rhetoric antisemitic tropes; George Clooney defends Ruffalo’s right to speak. Over 170 Jewish artists have signed a letter supporting Ruffalo. The merger remains under antitrust scrutiny and on hold as debate intensifies.
Holmes’s new Netflix documentary You Can See Everything has premiered secretly at Telluride, following her 34 days before prison. The trailer features an unsettling exchange with Nathan Fielder, prompting body-language experts to weigh in on deception and truth. The project, filmed over three years, revisits Holmes’s rise and Theranos fraud saga as she serves an 11-year sentence.
The latest Star Trek series has been cancelled after a brief run, sparking renewed debate about the franchise’s direction and its cultural relevance. Critics argue the show was sidelined amid shifts in ownership and audience tastes, while supporters point to ongoing diversity goals and science-fiction storytelling.
Star Trek’s 60th anniversary is marred by debate over inclusivity and the franchise’s future. Multiple outlets report on cancellation of a Paramount+ series, with actors defending the franchise’s progressive values while critics question its current direction. Readers are watching closely as sponsors and fans weigh the franchise’s next moves.
Oracle founder Larry Ellison has canceled a plan to sell up to 50 million Oracle shares, a move disclosed in regulatory filings. The reversal follows a plan announced in June to sell stock under a 10b5-1 trading plan, which is now scrapped. Oracle’s push into AI infrastructure has coincided with rising debt and reduced cash flow, contributing to a stock decline this year.
Paramount Skydance has reached a settlement with California and other state attorneys general and the Writers Guild to clear the path for its Warner Bros. Discovery merger. The agreement pledges 30 films per year and domestic production investment while preserving protections for workers and editorial independence for certain channels. The deal is framed as consumer- and worker-protective, but analysts warn it could reduce competition and raise prices.
Paramount has settled a multi-state antitrust suit over its $110 billion merger with Warner Bros. Discovery, agreeing to distribute a set number of films annually and to safeguard CBS News and CNN’s editorial independence. The deal clears a major hurdle but integration and staffing questions remain as regulators, executives, and staff brace for the next phase.
A US judge has approved a Sept. 21 consent decree that settles a 12-state antitrust challenge and clears the way for Paramount’s takeover of Warner Bros. The five-year deal requires the combined company to release at least 30 US theatrical films a year, to keep certain cable negotiations separate, and to create panels to protect CNN and CBS editorial independence.