The CEO of Paramount on Monday spoke for the first time about the $110 billion megadeal, which will see the smaller company, backed by tens of billions from his father Larry Ellison and tens of billions in debt from a consortium of lenders, swallow the larger one.

Paramount Skydance is shuffling the structure of a streaming key team as it prepares to absorb Warner Bros. Discovery.

Paramount chief David Ellison promised to release 15 Warner Bros. movies annually in cinemas and to honor a 45-day theatrical window.

In this edition of the Media Front column, we talk about David Ellison’s rise, CNN’s future, MS NOW-Crooked Media mash-up, Axios’ video plans.

Paramount Skydance just reported fourth-quarter earnings as it tries to buy Warner Bros. Discovery. Read CEO David Ellison's latest memo to employees.

According to Reuters, Warner Bros. agreed to be acquired by Paramount Skydance in a $110 billion deal signed Friday, with Paramount Skydance agreeing to pay a $7 billion termination fee if federal regulators don’t approve the merger.

The Spyglass pic's franchise-best launch gives David Ellison's Paramount-Skydance additional reason to celebrate after prevailing in its bid to buy Warner Bros. Discovery when Netflix bowed out.