1153 ET - Paramount Skydance's acquisition of Warner Bros. Discovery will be good for competition, consumers, and the creative economy, CEO David Ellison says in a CNBC interview. "We really believe in the value of what we're going to be able to create here," Ellison says. He says that merging Warner Bros.' and Paramount's content libraries and Paramount Plus with HBO Max positions the combined company to compete to win in both content and streaming. The expected cash flow from realizing $6 billion in synergies through of the merger means Paramount will be spending more on content than any of its peers, Ellison adds. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

March 05, 2026 11:53 ET (16:53 GMT)

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