Instagram/David Ellison Movie Paramount Skydance secures $24B from Middle East funds for Warner Bros. Discovery takeover, reshaping the media landscape. April 7, 2026 AceShowbiz - Paramount Skydance, under the leadership of David Ellison, has secured nearly $24 billion in funding commitments to support its planned acquisition of Warner Bros. Discovery, according to sources confirmed by Variety. The financing comes from three major sovereign wealth funds in the Middle East.