David Ellison cements status as Hollywood mogul with studio mega-deals

Bloomberg: In running an empire that includes two major studios, streaming services, cable television portfolios and news networks, Ellison has taken on a huge burden at a challenging time marked by declining TV ratings and falling film profits. He faces the added complication of the deal being highly leveraged. Ellison will have to figure out how to achieve his goals of investing in new technology and boosting film production while paying down nearly $87 billion in total debt. To top it off, he agreed to produce 30 theatrical films a year as part of the settlement, a tall, expensive order to undertake in such an inherently risky business…