Paramount CEO David Ellison comments on settlement while noting more work needed to close the merger with Warner Bros. Discovery.
According to Deadline, Paramount CEO David Ellison said the settlement of two lawsuits blocking Paramount's pending merger with Warner Bros. Discovery is an exciting moment for the company and the industry, but there is still work ahead to get the deal across the finish line, in a memo to employees.
Key facts
- 01Two lawsuits aimed at blocking Paramount's pending merger with Warner Bros. Discovery have been settled.
- 02The merger between Paramount and Warner Bros. Discovery is the pending deal referenced.
- 03David Ellison described the settlement as an exciting moment for Paramount and the industry.
- 04Ellison said there is still work ahead to get the deal across the finish line in a memo to employees.
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