American tech magnate and Oracle co-founder, CTO and executive chairman
U.S. states have filed suit to block Paramount’s $110 billion merger with Warner Bros. Discovery, asserting it would control about one-third of major movie titles and cable programming. The case has prompted talks of structural remedies, though theaters and other stakeholders seek protections before any approval. A trial is set for March, with ongoing talks in the background.
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.
Elizabeth Holmes documentary You Can See Everything has premiered at Telluride, documenting the weeks before her 2023 prison reporting. The film, directed by Nathan Fielder and Lance Oppenheim, follows Holmes and her husband as cameras track her life before imprisonment. Critics note the film blends reality and performance; audiences are unsettled by her demeanor and the film’s secrecy.
The Guardians report on how Star Trek’s utopian roots collide with today’s political divisions and the franchise’s evolving status in a polarized media landscape.
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 faces antitrust litigation blocking its merger with Warner Bros. Discovery. A California-led legal challenge threatens to push Paramount’s headquarters and thousands of jobs out of California, triggering a potential $10.6–$21.2 billion hit to state output and hundreds of millions in tax losses. The LAEDC warns the move could reshape Hollywood’s economic center.
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.
Twelve state attorneys general have reached a settlement with Paramount Skydance that has cleared the way for its merger with Warner Bros. The deal has required independent editorial boards for CNN and CBS, a commitment to release at least 30 theatrical films a year and a $30m penalty if that output target is missed. Critics and media advocates have condemned the concessions.
David Ellison has closed the roughly $110 billion merger that combines Paramount and Warner Bros. into a single company rebranded Skydance. The deal has folded HBO Max and Paramount+ together under one owner, brought CBS and CNN into the same corporate roof, and left the new firm carrying heavy debt while promising film release minimums and editorial safeguards.
Paramount and Warner Bros. Discovery have merged into a single company, Skydance, uniting two historic studios, streaming services, and news brands under one leadership. Ellison and Kreiz lead the new entity, with plans to accelerate content development and expand global reach.
Skydance has completed its $111 billion merger, uniting Paramount Pictures and Warner Bros. Discovery under one umbrella and creating a media giant that also includes CNN, CBS News, HBO Max and Paramount+. The deal promises a future of unified streaming, cost savings, and potential job impacts across film and news divisions.
60 Minutes has rebounded in viewership this season, reaching about 10.2 million viewers for a recent episode, according to Nielsen data. The numbers follow a weaker season debut and reflect a broader reboot under Nick Bilton and Bari Weiss. The program is navigating leadership changes while pursuing stable ratings and social reach.
The tech world is abuzz as leaders on Collison’s podcast are seen consuming Guinness during discussions on Muse and AI, sparking memes and a debate over the culture of ‘cheeky pints’ in Silicon Valley.
Netflix has announced significant leadership changes and a major round of layoffs as it grapples with slowing engagement and fierce competition. The company has replaced Bela Bajaria with Peter Rice and is restructuring its film unit, while still pursuing a streaming-first strategy and exploring limited theatrical windows for certain titles.
The documentary on Elon Musk has seen shifting release plans as studios negotiate distribution. TikTok has suspended an associated account over political content, while HBO’s airing remains in question as Universal reassesses international rights.
Christiane Amanpour has announced she will separate from CNN after 43 years. She has said her nightly CNN International programme will be reduced to once a week early next year, end in May, and she will depart the network in June 2027; her PBS show will end this year and she will continue her podcast.
Meta has created a new class of non‑voting Class C shares and agreed a deal with Mark Zuckerberg that will let him sell a portion of those shares to cover a potential California one‑time billionaire tax (Proposition 40) without losing voting control. The company has said the move will also raise capital for AI investment and keep Zuckerberg working near Meta's headquarters.
Skydance has secured equity injections as Paramount and Warner Bros. Discovery merge under its banner. Elon Musk’s roughly $1 billion investment deepens ties with Larry Ellison’s family as the new media empire targets at least $6 billion in annual cost savings amid a heavy debt load.
Tech giants are pouring billions into AI infrastructure. Investors are worried that heavy capex outpaces revenue growth, free cash flow is turning negative for several leaders, and monetization remains uncertain as Alphabet, Amazon, Meta, and Microsoft push into AI builds. The sector faces a delayed payoff as data centers and compute power scale up.
California voters have rejected Proposition 40, a one-time 5% wealth tax on net worth over $1 billion, aimed at backfilling federal healthcare funding cuts. Opponents warn it would drive billionaires away; supporters cite healthcare funding needs. Major backers include tech figures like Sergey Brin and Peter Thiel’s networks. The vote underscores tensions over wealth, taxes, and economic policy in the state.
Nvidia has announced an independent board-led probe into Jensen Huang’s extramarital affair, amid US intelligence concerns that his associate engaged in espionage for Beijing. The company’s stock has fallen as shareholders and lawmakers seek clarity on national security risks and succession plans.