Paramount Skydance CEO David Ellison has backed out of the New York Times' DealBook Summit as the media giant is involved in a bidding war for Warner Bros. Discovery. "Unfortunately, he is, as you have read in the headlines,

Jon M. Chu is taking his talents to Paramount Skydance. The “Wicked” director has inked a new first-look three-year film and TV deal with the David Ellison-led studio. Though Chu most recently helmed the blockbuster musical “Wicked: For Good” for Universal,

Skydance owner David Ellison is trying to buy Warner Bros. with the help of Middle Eastern cash. Ellison, whose company Skydance took over Paramount in a highly publicized eight billion dollar merger in August,

Scott Mills, the president and CEO of BET, is exiting the company after 23 years. Louis Carr, BET’s longtime president of media sales, will take over the role.

Scott Mills, president and CEO of BET Media Group, is departing after 23 years with the company. His exit comes about four months after the formation of Paramount Skydance, following the acquisition of Paramount Global by David Ellison’s Skydance Media.

Antitrust officials are likening the Netflix purchase of WBD to Ticketmaster buying a popular entertainment venue like Madison Square Garden.

The bidding war for entertainment giant Warner Bros. Discovery (NASDAQ:WBD) could be entering the home stretch. The Dec. 1 deadline for second-round binding offers arrived, and Netflix (NASDAQ:NFLX) has emerged as the leader on the strength of a sweetened,