David Ellison On Savings, Growth, The Tech Stack & AI As Paramount Closes In On WBD

Ellison says cost savings from the Skydance-Paramount merger will significantly exceed the $3.0B originally projected, with about $2.5B of savings expected by year-end. Management is consolidating Paramount+, BET+ and Pluto onto a single tech stack, actions that should generate further operating efficiencies and margin improvement for the combined media business.

Analysis

Ellison says cost savings from the Skydance-Paramount merger will significantly exceed the $3.0B originally projected, with about $2.5B of savings expected by year-end. Management is consolidating Paramount+, BET+ and Pluto onto a single tech stack, actions that should generate further operating efficiencies and margin improvement for the combined media business.