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Paramount CEO Meets with Warner Bros. Discovery Execs, Discusses Merger Plans
Ellison addresses cost cuts, movie slate, and the future of key Warner Bros. Discovery leaders
Published on Mar. 10, 2026
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Paramount CEO David Ellison met with top executives from Warner Bros. Discovery on Tuesday, addressing concerns about the $110 billion merger between the two media giants. Ellison discussed plans for cost savings, the combined movie slate, and the future of key Warner Bros. Discovery leaders like HBO chief Casey Bloys.
Why it matters
The high-profile merger between Paramount and Warner Bros. Discovery has raised concerns in Hollywood about potential layoffs and the future direction of the combined company. Ellison's meeting with WBD executives was an attempt to address those concerns and provide some clarity on Paramount's plans for the merger.
The details
Ellison met with around 200 top executives from across Warner Bros. Discovery, including those from the Warner film and TV studios, HBO, and HBO Max. He discussed Paramount's projections of at least $6 billion in cost savings from the merger, stressing that these savings would come mostly from non-personnel means. Ellison also emphasized Paramount's plans to release 30 theatrical films per year, combining the 16 films from the Paramount lot and 14 from Warner Bros. However, some attendees expressed skepticism about the ability to achieve that level of production with Warner Bros.' small staff.
- The meeting took place on Tuesday, March 10, 2026.
The players
David Ellison
The CEO of Paramount, who is set to take over Warner Bros. Discovery after the $110 billion merger.
David Zaslav
The current CEO of Warner Bros. Discovery, who introduced Ellison at the meeting.
Casey Bloys
The Chairman and CEO of HBO and HBO Max Content, who met with Ellison for lunch after the event.
What’s next
The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.
The takeaway
This meeting highlights the delicate balance Paramount CEO David Ellison must strike as he prepares to take over Warner Bros. Discovery - addressing concerns about cost-cutting and layoffs while also outlining his vision for the combined company's future, including a focus on theatrical releases and DC properties.
