The Ellison era of Paramount was barely a month old when another major potential Hollywood merger appeared on the horizon .

Last week the share prices of Paramount and Warner Bros. Discovery surged following reports that the former was preparing a bid to take over the latter with a mostly cash offer backed by the Larry Ellison family. This would come a remarkably short time after Skydance Media, the production company founded by Larry’s movie producer son David, combined with Paramount in an $8-billion deal.

A merger of Paramount and Warner Bros. Discovery would have profound ramifications for the media and entertainment industry.

It would consolidate two of Hollywood’s oldest studios, Paramount and Warner Bros., in the most significant movie business merger since Walt Disney Co. devo

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