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Paramount CEO Promises 30 Films, Defends Competition Against Netflix

2/5/2026

50 9 Full Breakdown

Summary

Story summary

David Ellison, Paramount CEO, issued an open letter about commitments if Paramount's bid for Warner Bros. Discovery succeeds.
He called Netflix's merger with Warner Bros. Discovery monopolistic and said a Paramount–WBD bloc would boost competition.
Ellison pledged to produce at least 30 films annually and keep HBO independent.
He emphasized protecting visual storytelling and, despite Netflix's strength, extended his tender offer to February 20.

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Story summary

David Ellison, Paramount CEO, issued an open letter about commitments if Paramount's bid for Warner Bros. Discovery succeeds.
He called Netflix's merger with Warner Bros. Discovery monopolistic and said a Paramount–WBD bloc would boost competition.
Ellison pledged to produce at least 30 films annually and keep HBO independent.
He emphasized protecting visual storytelling and, despite Netflix's strength, extended his tender offer to February 20.