Tony Blair Named Advisor to Skydance After $110bn Paramount-Warner Bros Megadeal

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Summary · why it matters

Sir Tony Blair has been appointed as an advisor to the board of Skydance, the newly formed $110bn (£82bn) Hollywood giant controlled by Larry Ellison's family, following the completion of its blockbuster merger between Paramount and Warner Bros Discovery. The rebranded company will control an entertainment empire spanning streaming app HBO, the Harry Potter franchise, and US news channels including CNN and CBS, and will be led by David Ellison, Skydance's chief executive and chairman. David Ellison said Blair's global perspective and insight would be invaluable as the company turns ambition into results. Blair was named alongside Silicon Valley figures appointed to the new board, including Laurene Powell Jobs, the wife of the late Steve Jobs, and Bobby Kotick, the former Activision boss. The deal was confirmed on Tuesday after a California judge last month approved a settlement between Paramount and a dozen US states that had threatened to block it on competition grounds, and it leaves the new media giant nursing an $80bn (£60bn) debt pile while significant layoffs and cuts are expected.

Impact on assets 3

Communication Services▲ · 2 stocks
Cloud & Digital Infrastructure▲ · 1 stocks

Off-coverage companies 2

CBSPrivate± Mixed
relevance

CBS is listed only as one of the assets the merged company will control, with no specific development.

CNNPrivate± Mixed
relevance

CNN is listed only as one of the assets the merged company will control, with no specific development.

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