He Bought Hollywood for $111 Billion. Then the Stock Crashed

On 6 October 2026, David Ellison's Skydance closed its takeover of Warner Bros. Discovery, a deal valued at about $111 billion including debt. Eight days later, Skydance's stock fell 22% in a single day. This is the story of how the son of Oracle's Larry Ellison went from a small film company to owning Paramount, CBS, CNN, HBO and Warner Bros., how he beat Netflix in a three-month bidding war, and why investors are now nervous about roughly $80 billion of debt. Chapters: 0:00 $111 billion, then a 22% crash 0:30 The heir 1:27 The first prize 2:19 The bidding war 3:26 The price 4:51 The fall 5:48 What's next (as of 3 Nov 2026) 6:29 Lessons 7:02 Who really won? Disclosure: Narration uses an AI-generated voice. Visuals are AI-generated illustrations (labelled "Illustration"; generic scenes, no real logos or real person's likeness) and code-made charts from public data (share prices: Yahoo Finance daily closes for PSKY/SKYD). Figures come from company releases and filings and from the news reports below. The 22% drop is tied by Variety mainly to the distribution of 471 million warrants. Analyst views are attributed to the firms named. Facts checked on 3–4 Nov 2026 (IST); Skydance reports Q3 results on 9 Nov 2026. This channel is independent and not affiliated with Skydance, Paramount, Warner Bros. Discovery, Netflix or anyone mentioned. Not financial advice. This video is for education only. Sources: Skydance, deal completed (6 Oct 2026): https://ir.skydance.com/news-releases... IndieWire, Paramount and WBD merge (6 Oct 2026): https://www.indiewire.com/news/breaki... Variety, Skydance shares skid 22% after warrants (14 Oct 2026): https://variety.com/2026/biz/news/sky... Deadline, Fitch cuts Skydance rating (6 Oct 2026): https://deadline.com/2026/10/skydance... Netflix, agreement to acquire Warner Bros. (5 Dec 2025): https://ir.netflix.net/investor-news-... Paramount, $30 tender offer (8 Dec 2025): https://ir.paramount.com/news-release... WBD, revised Paramount proposal superior (26 Feb 2026): https://ir.wbd.com/news-and-events/fi... Netflix, declines to raise offer (26 Feb 2026): https://ir.netflix.net/investor-news-... AP, Netflix walks away (26 Feb 2026): https://apnews.com/article/warner-par... CNBC, Netflix ditches WBD deal (26 Feb 2026): https://www.cnbc.com/2026/02/26/warne... Paramount, to acquire WBD (27 Feb 2026): https://ir.paramount.com/news-release... Paramount Skydance 10-Q (Aug 2026): https://app.edgar.tools/filing/204161... CNBC, Paramount Skydance preparing WBD bid (11 Sep 2025): https://www.cnbc.com/2025/09/11/warne... Skydance, Skydance and Paramount complete merger (7 Aug 2025): https://www.prnewswire.com/news-relea... Wikipedia, Skydance Media (history): https://en.wikipedia.org/wiki/Skydanc... Semafor, Musk invests ~$1B in Skydance (22 Oct 2026): https://www.semafor.com/article/10/22... TheFly/TipRanks, JPMorgan Neutral on Skydance (23 Oct 2026): https://www.tipranks.com/news/the-fly... Deadline, opponents seek to separate streamers (19 Oct 2026): https://deadline.com/2026/10/skydance... Skydance, Q3 2026 results on 9 Nov 2026: https://ir.skydance.com/news-releases... Yahoo Finance, SKYD price history: https://finance.yahoo.com/quote/SKYD/... CNBC, Musk Skydance investment (22 Oct 2026): https://www.cnbc.com/2026/10/22/elon-... #Skydance #WarnerBros #EmpireFiles