Oracle founder and CTO Larry Ellison has been revealed as the holder of the controlling interest in US media giant Paramount Global.
Looming Paramount Global Deal
Like many media outfits founded in the 20th century, Paramount has had a tough time in recent years despite owning big-name brands like CBS, MTV and Nickelodeon, plus the Star Trek and Mission: Impossible series.
Larry Ellison's son David has done better in recent years by founding Skydance Media, which has partnered with Paramount on projects such as Top Gun: Maverick, Mission: Impossible movies and Trek movies. In an interview in 2022, he explained that part of Skydance's strategy is to make sequels – to give audiences more of what they already like.
As befits a scion of a family that made its billions with SQL.
