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Larry Ellison (Oracle) to run Paramount (lemmy.world)

submitted 1 month ago by [email protected] to c/[email protected]

6 comments fedilink hide all child comments

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] 12 points 1 month ago

This seems like a bad idea.

[–] [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

[–] [email protected] 6 points 1 month ago

I guess bye bye star trek

[–] [email protected] 4 points 1 month ago

I really don’t like Oracle and I really don’t like Larry Ellison. What his daughter Megan is doing though with Annapurna pictures and especially Annapurna interactive is amazing. And apparently his son, David, who the article mentions would run the place seems to be heavily involved in the movie industry as well. I don’t know, weirdly this makes sense and actually sounds like a decent idea.