Paramount CEO: Warner Merger Will Happen, and AI Won’t Replace Human Storytelling
Paramount CEO David Ellison said on the company’s earnings call Tuesday that he believes the company’s merger with Warner Bros. Discovery will go through despite a legal challenge filed by a dozen states.
Ellison also weighed in on how the company views artificial intelligence: It’s a tool for human storytellers, not a way to replace them, and Ellison said viewers might one day interact with Paw Patrol dogs or the Star Trek universe via AI, for example.
The deal was announced on Feb. 27, when Paramount Skydance and Warner Bros. Discovery said they had agreed to merge. Under the agreement, Paramount Skydance would acquire Warner Bros. Discovery in an all-cash transaction valued at $31 per share, representing an equity value of about $81 billion and an enterprise value of roughly $110 billion.
On Tuesday, the same day as the earnings call, a federal judge set a March 2, 2027,...
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