Ellison brothers become co-owners of Paramount Skydance amid merger turmoil
Ellison brothers solidify Paramount Skydance ownership amid ongoing merger legal battles and financial penalties.
Event / Economy
Proposed $111 billion merger between Paramount and Warner Bros. Discovery, including related industry responses and controversies
2026-08-10 to 2026-11-07 · UTC publication dates
Coverage begins 14 Jul, 00:22 UTC
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Mark Ruffalo rejected accusations of antisemitism, stating that criticizing Israeli government actions or technology contracts does not constitute antisemitism and asserting his deep respect for Jewish people and their influence on his personal and professional life.
Numerous entertainment industry figures including Joel Coen, Hannah Einbinder, Joaquin Phoenix, Sarah Sherman, Todd Haynes, Jane Fonda, and John Cusack signed an open letter or made public statements supporting Mark Ruffalo's right to speak and criticizing the antisemitism accusations against him.
David Ellison (age 43) and his father Larry Ellison (age 82), Oracle cofounder and Donald Trump ally, became co-owners of Paramount Skydance following a 2025 merger. David Ellison serves as chairman of Paramount Skydance.
George Clooney stated concern that wealthy individuals are acquiring major media outlets, citing the ownership of the Washington Post and Twitter by billionaires as a concerning trend for journalism and democratic discourse.
George Clooney expressed support for free speech principles and Mark Ruffalo's right to speak freely on divisive issues. Clooney also criticized what he characterized as cruelty in the Trump administration, specifically referencing a tweet by Secretary of Defense Pete Hegseth about women in the Canadian military, stating 'Where's the sense of decency in all of this?'
George Clooney was honored with the Golden Lion for Lifetime Achievement Award at the Venice Film Festival on September 2, 2026.
Paramount Skydance responded to Mark Ruffalo's criticism of the merger by stating in August 2026 that antisemitic tropes were being invoked in connection with the business dispute, noting that use of terms like 'genocide' and 'apartheid' in reference to a corporate transaction cheapens serious suffering those words describe.
George Clooney stated at the Venice Film Festival that he does not see how the proposed merger between Paramount and Warner Bros. Discovery makes financial sense. He expressed concern that such consolidation typically results in job losses.
Mark Ruffalo spoke out against Paramount Skydance's proposed $111 billion acquisition of Warner Bros. Discovery, which was announced in February 2026. Ruffalo criticized connections between Paramount board members and Israeli government technology contracts following October 2023 terror attacks.
Paramount released a statement accusing actor Mark Ruffalo of invoking antisemitic tropes while criticizing the company's proposed $110 billion merger with Warner Bros. Discovery. Paramount stated that Ruffalo's use of words like 'genocide' and 'apartheid' applied to a corporate transaction were wrong and cheapened the suffering those words describe.
Twelve state attorneys general from California, New York, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, Oregon, and Washington are seeking to block the $110 billion Paramount-Warner Bros. Discovery merger, arguing it would violate the Clayton Antitrust Act by being anticompetitive.
Paramount is required to pay a fee of $7 million per day if the $110 billion merger with Warner Bros. Discovery does not close by September 30, 2026.
Actor Mark Ruffalo posted on Instagram criticizing the proposed Paramount-Warner Bros. Discovery merger, attacking Oracle founder Larry Ellison and his son David's involvement. Ruffalo referenced a video of former Oracle CEO Safra Catz discussing technology provided to the Israeli military, claiming these 'profoundly scary technologies' would be merged into one of the largest media conglomerates and used against the public.
Paramount Skydance asked a federal judge to require the dozen states challenging its acquisition of Warner Bros. Discovery to post a $1.88 billion bond to address costs resulting from delay to the merger.
Actor Mark Ruffalo alleged that the proposed Paramount-Warner Bros. Discovery merger could eliminate approximately 4,500 filmmaking jobs and another 10,000 related positions, arguing that media consolidations harm workers and consumers.
Mark Ruffalo responded to Paramount's accusations via X post, stating that the claim he is antisemitic is 'appalling and fundamentally dishonest.' Ruffalo maintained that criticizing the actions of the Israeli Prime Minister, military technology contracts, or executives who supply them is not the same as criticizing Jewish people, and characterized such criticism as dishonestly framed as anti-Israel.
The Writers Guild of America withdrew its motion seeking a preliminary injunction against the Paramount-Warner Bros. Discovery acquisition as part of the agreement to delay the deal and proceed directly to trial on antitrust merits.
U.S. District Judge Araceli Martínez-Olguín issued a temporary restraining order pausing the Paramount-Warner Bros. Discovery acquisition and extended it for 14 days until August 17, 2026. The order was requested by California Attorney General Rob Bonta and other state attorneys general pursuing antitrust challenges to the $111 billion merger.
California Attorney General Rob Bonta spearheaded a coalition of 12 state attorneys general filing an antitrust lawsuit against Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery, arguing the merger would concentrate too much corporate power and increase consumer costs.
Paramount Skydance agreed to postpone its $111 billion acquisition of Warner Bros. Discovery until June 1, 2027, or five days after a judge's ruling on antitrust challenges, whichever comes first. The delay was stipulated in response to antitrust lawsuits filed by California Attorney General Rob Bonta and a coalition of 11 other state attorneys general challenging the deal's legality.
Ellison brothers solidify Paramount Skydance ownership amid ongoing merger legal battles and financial penalties.
Ruffalo's merger criticism sparked antisemitism allegations from Paramount; the actor denied the charge while others publicly supported him.
Clooney warns Paramount-Warner Bros. merger threatens media ownership concentration and free speech.
Paramount faces $7 million daily ticking fees as merger litigation extends financial penalties into 2027.
States demand $1.88 billion bond as antitrust challenge to Paramount-Warner Bros merger escalates.
Ruffalo's merger criticism triggers antisemitism dispute with Paramount over framing and intent.
Writers Guild withdraws merger lawsuit as labor shifts legal strategy amid ongoing state-level antitrust battles.
Judge blocks Paramount-Warner Bros merger; trial delayed to June 2027 amid state antitrust challenge.
Paramount delayed merger to 2027 as federal court halts deal and state antitrust lawsuits escalate.
Paramount delays merger to 2027, positioning for antitrust trial resolution.
Federal judge halts Paramount-Warner Bros merger as state attorneys sue on antitrust grounds.
Paramount's $650M quarterly penalty deadline adds financial urgency to merger timeline despite persistent legal challenges.