Anna Nicolaou

Billionaire scion David Ellison wants to transform Paramount, the storied Hollywood company with roots in the silent film era, into a modern media and technology giant capable of challenging Netflix. A day after agreeing to acquire Paramount from Shari Redstone, Ellison told the Financial Times the century-old company needs to move faster to adapt to the technological shifts that are disrupting Hollywood, from streaming to artificial intelligence. “We recognise the transition that the broader…