Ellison says Skydance merger fixes studios' slow response to Big Tech

Skydance chief executive David Ellison told CNBC the closed Paramount–Warner Bros. Discovery merger, now called Skydance, is the fix for legacy studios that "didn't pivot fast enough" when Big Tech entered media a decade ago. "This transaction is the solution to those mistakes 10 years ago," he said before executives rang the NYSE opening bell, Deadline reported.