David Ellison Bought Paramount. Now He Wants Warner Bros. Plus, the 2025 Emmys Recap.

Matt is joined by Bloomberg’s Lucas Shaw and LightShed’s Rich Greenfield to discuss the report that David Ellison is interested in making a majority-cash bid to acquire Warner Bros. Discovery. Matt, Lucas, and Rich discuss why Ellison is doing this now after just acquiring Paramount, whether a merger like this is even possible, the ramifications of the continued consolidation in Hollywood, how valuable Warner Bros. is to Ellison, and what else Ellison could buy (02:50). Later, Lucas and Matt recap the 2025 Emmy Awards, highlighting their winners and losers and, most importantly, which after-party had the best food (25:43).

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Host: Matt Belloni
Guests: Lucas Shaw and Rich Greenfield
Producers: Craig Horlbeck and Jessie Lopez
Theme Song: Devon Renaldo