David Ellison’s Skydance Media has closed its $8 billion merger with Paramount Global to create new company Paramount Skydance Corp.
      • WatDabney@lemmy.dbzer0.comEnglish
        2·
        4 months ago

        On investigation, out of my faulty memory.

        I have no idea where that figure came from, but it was the one lodged in my brain for the “settlement”/bribe that Paramount paid Trump.

        Ah well…

        • Value Subtracted@startrek.websiteOPMEnglish
          4·
          4 months ago

          Fair enough - none of this should diminish the fact that the $16 million “legal settlement” from the former owners of the company was pretty definitely a bribe.

          And Skydance is alleged to have promised the government free advertising in the form of “PSAs,” which I don’t think they’ve confirmed or denied.

      • StillPaisleyCat@startrek.websiteEnglish
        3·
        4 months ago

        Efficiencies and synergies according to the messaging but it could mean AI given references to harnessing Silicon Valley is the $ 2 billion reference in the article.

        $16 million is given as the out of court settlement for the 60 minutes suit.

        • Value Subtracted@startrek.websiteOPMEnglish
          1·
          4 months ago

          There’s definitely an AI focus, as Ellison expanded on in his introductory letter:

          He touched on a “thoughtful” use of AI integrated across businesses, on supercharging streaming, spending on premium, exclusive content, focusing on sports and investing in media networks “appropriately based on the future business opportunity.”

          “Technology is not—and never will be—a replacement for human creativity; rather, it serves as a powerful multiplier. From virtual production stages that unleash filmmakers’ limitless imaginations, to AI‑assisted localization that brings shows to new language markets overnight, to a proprietary ad‑tech stack that maximizes yield across streaming and linear platforms, we will thoughtfully integrate these tools into every aspect of our work,” Ellison wrote.