Elon Musk

According to The Hollywood Reporter, Paramount Pictures is reportedly considering expanding its roster of billionaire backers, including Elon Musk, to bolster funding and leverage. The studio is looking to expand its billionaire backer roster as it prepares to operate one of the most highly leveraged studios in Hollywood history.

Paramount plans a $49 billion debt sale as part of financing for the Warner Bros. Discovery merger. Executives have discussed potential equity investment from Elon Musk to support closing the deal. Some reports mention earlier backstops and commitments from investors to facilitate the mega-merger.