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David Ellison Pitches Warners Deal

With bids for the Warner Discovery media empire due soon, the Paramount leaders explained to David Zaslav’s team why their plan is better than others.

David Ellison
Meanwhile, back on the Warners lot, Ellison and the Paramount crew made their so-called “reverse management presentation” to the Zaslav team today. Photo: Lia Toby/Getty Images for Paramount Pictures
Matthew Belloni
November 18, 2025

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There’s so much anxiety over the sale of Warner Bros. and the painful contraction coming to Hollywood… but I’m sure we’re all mostly stressing over whether David Zaslav will get paid. Thankfully, the Warner Discovery C.E.O. found time to take care of that issue last week, amending his enormous compensation package to ensure he’s duly rewarded for additional dispositions of the Warner and Discovery assets that he smashed together to leverage the 100-year legacy of the former and prolong for a few years the collapse of the latter.