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Stock impact report

David Ellison won Warner Bros. Now he has to prove Paramount can beat Netflix at its own game. [Business Insider]

Paramount Skydance Corporation - Class B (PSKY) 
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in David Ellison has shaken up Hollywood since becoming CEO of Paramount Skydance. Paramount employees and TV viewers will see big changes as Ellison looks to build a streaming powerhouse and buy WBD. Paramount has already made moves behind the scenes, like reorganizing teams and hiring key execs. David Ellison is tackling the mountain-sized challenge of transforming Paramount Skydance from a shrinking legacy media company into a Hollywood powerhouse. The Paramount CEO is starting to unveil his long-awaited game plan: catch up to Netflix's tech, assemble a crew of top-tier executives, and rethink its news business. That goal — of creating a "next-generation" media company, in Ellison's words — is all before the planned mega-merger with Warner Bros. Discovery. These steps show how the aspiring media mogul, who took charge of Paramount in Augu Show less Read more
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