During a conference call with Wall Street analysts, David Ellison addressed Paramount’s position on acquiring Warner Bros. Discovery, emphasizing their focus on building rather than buying to achieve their goals. Ellison highlighted the company’s commitment to achieving streaming goals, driving efficiency, and creating long-term value through internal growth.

Ellison also stressed the importance of being disciplined in pursuing additional assets, mentioning recent offers to acquire Warner Bros. Discovery. Paramount’s restructuring plans include a $500 million charge in Q4, reflecting their efforts to upgrade technological infrastructure and capabilities.

• Jeff Shell, Paramount’s president, confirmed the company’s intention to retain its linear cable channels, citing the value of brands like Nickelodeon, MTV, and Comedy Central.
• Paramount has divested TV assets in Latin America to focus on global streaming scale, with a recent $7.7 billion rights pact with UFC seen as crucial for Paramount+ and CBS’s future.

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