New name for film giants
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In Hollywood is a big change. The firm Paramount buys the firm Warner Brothers. Both firms make many films. Now they form a big group.
This group has the name Skydance. David Ellison selects this name. He is the boss of Paramount. Skydance was his first own firm.
The buy costs much money. The sum is 110 billion dollars. The buy is ready next week.
First the firm Netflix wants to buy Warner. But Paramount pays more money. Warner owns TV channels like CNN.
Some states in the USA have fear. They think film prices grow. But a court helps now.
David Ellison gets help from his father. Larry Ellison is very rich. He builds the computer firm Oracle.
This group has the name Skydance. David Ellison selects this name. He is the boss of Paramount. Skydance was his first own firm.
The buy costs much money. The sum is 110 billion dollars. The buy is ready next week.
First the firm Netflix wants to buy Warner. But Paramount pays more money. Warner owns TV channels like CNN.
Some states in the USA have fear. They think film prices grow. But a court helps now.
David Ellison gets help from his father. Larry Ellison is very rich. He builds the computer firm Oracle.
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Definitions
- Group
- A big company that owns other firms.
People
- David Ellison
- The boss of Paramount and founder of Skydance.
- Larry Ellison
- A very rich businessman and founder of Oracle.
Locations
- Hollywood
- A part of the city for film makers.
Sources
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