Paramount CEO David Ellison Addresses Acquisition Rumors
Paramount CEO David Ellison recently addressed rumors of the company’s potential acquisition of Warner Bros. Discovery during a conference call with Wall Street analysts. The discussion took place after Paramount unveiled its earnings report, which highlighted the challenges the company faces in revitalizing its film and TV assets.
Ellison emphasized that Paramount does not feel pressured to acquire Warner Bros. Discovery. He stated, “We really look at this as buy-versus-build, and we absolutely have the ability to build to get to where we want to go.” Ellison expressed confidence in Paramount’s ability to achieve its streaming goals and drive enterprise efficiency through internal growth.
Despite receiving offers to acquire Warner Bros. Discovery, Ellison reassured analysts that Paramount will maintain a disciplined approach to pursuing additional assets. He mentioned, “Everything for us is going to tie back into, Does it accelerate those three core principles and the for us.” Paramount is focused on maximizing value for shareholders and accelerating its long-term goals through strategic acquisitions.
Ellison concluded the call by stating, “We’re fortunate that we have the balance sheet to be able to be opportunistic when we think that M&A will accelerate our goals, but we’re also long-term disciplined owner operators.” Paramount remains committed to maximizing shareholder value and achieving its North Star principles through strategic decision-making.
Stay tuned for more updates on Paramount’s strategic direction and potential acquisitions.
