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Paramount CEO Pledges UK Creative Boost for Warner Bros.
5 Feb
Summary
- Paramount aims to produce 30 films annually across merged studios.
- HBO will maintain independent operations under new ownership.
- All films will receive a 45-day global theatrical release window.
David Ellison, CEO of Skydance, has published an open letter detailing commitments to the U.K. creative sector should his company acquire Warner Bros. Discovery. Ellison emphasized visual storytelling's societal importance and his belief that a combined entity would enhance competition against dominant platforms like Netflix.
Central to his promises is an "Increased Creative Output," with both Paramount Studios and Warner Bros. Studios committed to producing at least 15 high-quality feature films annually, totaling 30 films each year. This initiative aims to support sustained job creation within the film and creative industries.
Further commitments include continued support for third-party content and licensing across various platforms. Crucially, HBO is slated to "operate independently" to maintain its renowned content creation. A strong emphasis is placed on theatrical releases, guaranteeing a minimum 45-day global window before films transition to paid video-on-demand.
