this post was submitted on 05 Sep 2024
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Television

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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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[–] [email protected] 11 points 1 month ago (1 children)

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?

[–] [email protected] 7 points 1 month ago (1 children)

Oh, good, that's soooo much better.

[–] [email protected] 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