"When you're one of the world's richest men, you can afford to buy anything you want. Like a media giant. That's what Elon Musk did in 2022. And it's what Larry Ellison is contemplating now, by backing his son David's adventures in Hollywood. We don't know what the Ellisons owning Warner Bros. Discovery as well as Paramount would actually mean. But that scenario is theirs if they want it."
"One of the world's richest men wants to buy one of the world's most influential media assets. It's unlikely anyone will stand in his way. Does this sound familiar? Yup: That's Larry Ellison, financing his son David's plan to buy Warner Bros. Discovery - the company that owns HBO, CNN, and the Warner Bros movie studio - weeks after buying Paramount."
Larry Ellison is financing his son David's plan to buy Warner Bros. Discovery after acquiring Paramount, creating the possibility of owning both companies. The purchase would combine major entertainment and news brands including HBO, CNN, and Warner Bros. studios under the Ellison family's control. The situation draws parallels to Elon Musk's 2022 purchase of Twitter, where ownership produced dramatic editorial and operational changes despite financial losses. The Ellisons face fewer financial constraints than corporate rivals, reducing barriers to securing a deal. Consolidation of these assets could concentrate cultural influence and raise concerns about editorial independence and regulatory scrutiny.
Read at Business Insider
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