Business Insider·4 min read·medium

Leaked audio: What David Ellison told employees at the first Skydance town hall

Leaked audio: What David Ellison told employees at the first Skydance town hall
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Skydance CEO David Ellison addressed employees following the completion of the $110 billion merger between Paramount and Warner Bros. Discovery. He outlined a vision focused on storytelling, technological capability, and market competitiveness.

Why it matters

The merger creates a massive new media conglomerate, significantly altering the landscape of the entertainment industry and streaming market.

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Media mogul David Ellison has completed Paramount's acquisition of WBD. Gilbert Flores/Variety via Getty Images David Ellison addressed Skydance employees for the first time at a companywide town hall. The Paramount-WBD merger closed on Tuesday. "This is an incredibly exciting day," Ellison told staffers. Skydance CEO David Ellison welcomed Warner Bros. Discovery employees and thanked Paramount staffers for their patience at the combined company's first-ever town hall. "This is an incredibly exciting day," Ellison said at an employee-only meeting, according to an audio recording obtained by Business Insider. "I want to start with the most important thing I can say to all of you: Thank you." Ellison addressed workers at 1 p.m. ET, hours after sending a companywide memo announcing that the $110 billion Paramount-WBD merger had closed . Bruno Mars' hit song "I Just Might" played in the moments before Ellison took the stage.

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