Sporting cream-colored slacks and a crisp blue blazer, Ellison and his senior Paramount leadership team took meeting after meeting with Wall Street heavyweights in a private room in Ubs’ subterranean conference center, outlining their strategy to transform Paramount, and to persuade them to back their tender offer for Warner Bros. Discovery, which days earlier inked a deal to sell itself to Netflix. Ellison was a “man on a mission,” one attendee tells The Hollywood Reporter.
The CEO is seeking to reshape Paramount, and pry Wbd from Netflix in the process, as part of a reimagining of what an entertainment company should be at a time then the industry is being “technologically disintermediated,” as one source close to him frames it.
That makeshift…
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