Ellison’s Warner Bros. Trump Card

David Ellison
Is any of this good for Hollywood? No. The whole feeling of positivity around Ellison buying Paramount was that a legacy Hollywood studio would remain intact and making movies and TV shows for years to come. Photo: Arturo Holmes/WireImage
Matthew Belloni
September 12, 2025

Join Puck to listen to this article

David Ellison’s interest in purchasing Warner Bros. Discovery is now Wall Street Journal official, though the WIH community has known this for weeks. Kim Masters reported in early August that Ellison’s next target would be WBD, and I then noted that David would likely go for the whole company, including the CrapCo cable networks, not just the studio and HBO Max side.