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Stock impact report

David Ellison vows Paramount–Warner Bros. Discovery merger won't cut film output [MSNBC.com]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: MSNBC.com
LAS VEGAS — Paramount Skydance chief David Ellison made a surprise appearance at CinemaCon on Thursday, assuring movie theater owners that the studio’s planned acquisition of Warner Bros. Discovery would not hurt the movie business.“I wanted to look every single one of you in the eye and give you my word: Once we combine with Warner Bros., we are going to make a minimum of 30 films annually, across both studios,” he told attendees of CinemaCon, the annual industry event where studios bring in their stars and offer a sneak peek at their upcoming slates.His speech came just days after Sen. Cory Booker, D-N.J., sent a letter to the studio executive requesting that he testify about the impact of the deal at ahearing that took place on WednesdayA representative for Ellison said he attended the funeral on Wednesday.Ellison appeared onstage for Paramount’s presentation after a glossy promotional video directed by Jon M. Chu, which featured Tom Cruise sitting atop the Paramount water tower, a Show less Read more
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