\n\tTelevision and streaming are primed for a major upgrade \u2014 getting a whole historic lot all to themselves.<\/p>\n
\n\tThe settlement in the state AGs\u2019 lawsuit requires Skydance<\/a>, the combined company of Paramount<\/a> and Warner Bros.<\/a> Discovery, to keep both the Paramount and Warner Bros. lots for at least the next five years. During a press event on the Paramount lot Tuesday, hours after the merger had closed<\/a>, Skydance CEO David Ellison revealed that the two lots, each historically and currently housing both film and TV, would be organized differently.<\/p>\n \n\t\u201cWe absolutely will keep both lots, and you\u2019ll probably see us organize film on one, television\/streaming on another, and we\u2019ll go back and forth between the two, as well as to the East Coast when required, as well as our Santa Monica offices for animation,\u201d he said of himself and Skydance co-CEO Ynon Kreiz. <\/p>\n \n\tEllison would not elaborate further but based on the sizes alone \u2014 Warner Bros in Burbank being significantly larger than the Hollywood-based Paramount \u2014 film would likely be based on the Paramount lot and television and streaming on the Warner Bros lot, I hear.<\/p>\n \n\tSuch delineation would also jibe with Paramount \u2014 and its iconic arches \u2014 being steeped in movie history and a symbol of the golden era of cinema as the only major studio still located in Hollywood. <\/p>\n \n\tThe division would mean status quo for Dana Goldberg and Josh Greenstein, co-chairs the the motion picture group, who are based at Paramount; and Channing Dungey, head of Warner Bros. Television Group and Skyance\u2019s basic cable networks, who is at Warner Bros.<\/p>\n \n\tRELATED: Channing Dungey Poised For Expanded Post-Merger Role Overseeing Paramount & WBD Cable Networks \u2013 The Dish<\/a><\/p>\n \n\tIt would require a cross-town move for George Cheeks<\/a>, Co-Chair and Chief Content Officer, Skydance TV; JB Perrette<\/a>, Co-Chair & Chief Business Officer, Skydance TV and DTC; Casey Bloys<\/a>, Co-Chair and Chief Content Officer, DTC; as well as CBS Studios President David Stapf and Paramount TV Studios President Matt Thunell and their teams.<\/p>\n \n\tPutting all TV operations together would bring CBS Entertainment, CBS Studios and CBS Media Ventures back to a studio lot after the divisions left CBS Studios Center (Radford) when it was sold in 2022 to relocate to the Sunset Gower offices in Hollywood that also house other Paramount units.<\/p>\n \n\tThen there are the combined streaming operations that will greatly benefit from moving into one place as they are currently scattered into several locations between HBO Max and Paramount+, including HBO\u2019s offices in Culver City, the Paramount lot, and the Nickelodeon West Coast headquarters in Burbank.<\/p>\n \n\tSkydance\u2019s Direct-to-Consumer division, headed by Bloys and Perrette, could move to the Warner Bros Second Century Development adjacent to the Warner Bros lot where HBO had intended to relocate, subletting its Ivy Station digs, before the parent WBD\u2019s sale process put the plan on hold. (HBO has about a decade left on its lease.)<\/p>\n \n\tMoving divisions currently renting office space in LA and the valley to one of the two lots would have financial benefits too. At the press conference, Ellison noted that one of the primary source for the targeted $6B in synergies will come from \u201creal estate optimization\u201d along with technology and procurement.<\/p>\n \n\tInitially, Ellison and Kreiz will be spending equal time on both lots. <\/p>\n \n\t\u201cAs we begin the integration, we\u2019ll probably spend more time there,\u201d Ellison said of the Warner Bros. \u201cBut when you look at long term, we\u2019re all one company, so it should be completely equal. We do envisage having offices on both lots, we just traverse between them based on priority.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Television and streaming are primed for a major upgrade \u2014 getting a whole historic lot all to themselves.…\n","protected":false},"author":2,"featured_media":873658,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[88,4208,3094,5251],"class_list":["post-873657","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entertainment","tag-entertainment","tag-paramount","tag-skydance","tag-warner-bros"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/873657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=873657"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/873657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/873658"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=873657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=873657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=873657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}