David Ellison is getting ready to step in as CEO of Paramount Global, thanks to a $6 billion investment from his father, Larry Ellison. While David is expected to have full control of the company, Larry will still own the majority of the shares, meaning he likely won’t step aside completely. His influence could play a big role in some of the major decisions David makes.
The Hollywood Reporter has noted some political tension between them. Larry is a well-known supporter of Trump and his MAGA ideals, while David leans more toward the Democratic side and disagrees with his father’s politics. This could cause some differences of opinion when dealing with Paramount Global.
Beyond the political dynamics, David also faces the challenge of navigating the decline of traditional television, as people now prefer to watch content on streaming platforms. However, with Larry’s tech expertise and financial support, David has a real chance to bring long-term innovation.
What will he change with the company? It appears that we will just have to wait and see how things play out. We can only hope for the best. Paramount Global is a strong presence in both traditional broadcasting and digital streaming. It is undeniably a major player in the media and entertainment industry.
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