Two Hollywood Studios Now Under One Owner as David Ellison Completes Warner Bros. Discovery Deal

David Ellison has completed Paramount's acquisition of Warner Bros. Discovery, according to Variety. The deal puts two of Hollywood's best-known studios under his control. Both companies are part of the industry that has long anchored the Los Angeles economy, and the combination is a major change in who owns that industry's best-known names. Variety's account describes the completed deal as the end of a long process for Ellison and Paramount.

With reporting from Variety.