Meet David Ellison, Paramount's Future Boss and Hollywood's Newest Mogul

David Ellison, a Hollywood producer known for high-octane blockbusters, has reached a deal to merge with Paramount. The deal comes after months of negotiations with the company and its controlling shareholder. If the deal goes through, Ellison will assume control of a media empire that includes CBS, MTV, and the Paramount movie studio. Ellison’s career began as an actor with minor roles before transitioning into producing. With the backing of his influential family, he financed big-budget films and co-produced successful movies with Paramount. His company, Skydance Media, has seen its valuation soar with investments from private-equity firms.