With the completion of the Warner Bros and Paramount Merger, a new 13-person board of directors forms including former Activision Blizzard CEO Bobby Kotick.
Tom Cruise's "Digger" is projected to lose Warner Bros. about $250M by the end of its run, even after post-theatrical revenue is counted. Some have described it as the biggest loss of Cruise's career.
Skydance CEO David Ellison said the merger of Paramount and Warner Bros. Discovery is the solution to media companies that didn't pivot fast enough when big tech moved into their space starting a decade ago.
CNBC's David Faber and David Ellison, Skydance Chairman & CEO, and Ynon Kreiz, Skydance co-CEO, join 'Squawk Box' to discuss Paramount's $110 billion acquisition of Warner Bros. Discovery, what to expect from the new combined entity, the decision to ...