(FILES) Paramount Skydance CEO David Ellison speaks during the Bloomberg Screentime conference in Los Angeles on October 9, 2025. Paramount has reached a settlement with a group of US states that clears the way for its takeover of Warner Bros. Discovery, US media reported on September 21, 2026, creating a Hollywood empire spanning television, news and cinema. Paramount, which is run by David Ellison, whose ultra-wealthy family has ties to US President Donald Trump, won a bidding war in February for control of a stable of assets, including Warner Bros. Pictures, CNN and the HBO Max streaming service. (Photo by Patrick T. Fallon / AFP via Getty Images)