David Ellison to Control Paramount Voting Interests

David Ellison will hold 100% of the Ellison family's voting interests in Paramount Global following the $8 billion merger between Skydance Media and Paramount, expected to close in the first half of 2025. An amended FCC filing clarifies that David Ellison will serve as chairman and CEO of the newly formed New Paramount, while also being the sole manager of the family entities through which they control National Amusements Inc. This change addresses previous indications that his father, Oracle co-founder Larry Ellison, would retain majority control. Larry Ellison is financing $6 billion of the deal, with the remainder backed by RedBird Capital Partners. The deal still requires approval from antitrust regulators and the FCC to transfer broadcast licenses. This amendment marks a significant shift in control dynamics within the Ellison family's media investments.