Ellison's career started in acting. His father Larry heavily financed his first major film as an actor,
Flyboys. and the
Forbes 30 Under 30 list in 2011. Ellison was nominated for the
Academy Award for Best Picture for
Top Gun: Maverick. Ellison's company
Skydance Media expanded in 2013 with the launch of its television division. He has executive-produced shows such as
Altered Carbon and
Grace and Frankie. In 2014, Ellison launched a new line of men's clothing called the "LANAI Collection." In 2017, Ellison helped launch
Skydance Animation in partnership with Spain's
Ilion Animation Studios. In 2019, Ellison hired the former
Pixar CCO
John Lasseter to run Skydance Animation.
Paramount Skydance Corporation In January 2024, it was reported that Ellison was interested in
merging Skydance Media with
Paramount Global and buying the latter's parent company
National Amusements from
Shari Redstone. The merger received approval from the FCC under the second Donald Trump administration in July 2025. The merger was completed by August 7, 2025, and
Paramount Skydance Corporation was formed. Ellison serves as chairman and CEO of the merged company. Following the merger, Ellison made changes at CBS News which
Le Monde called "conservative-friendly".
Acquisition of Warner Bros. Discovery In September 2025, shortly after the formation of Paramount Skydance, it was reported that Ellison had started preparing a bid for
Warner Bros. Discovery (WBD). Following an auction process, WBD entered into a merger agreement with
Netflix. Ellison sought to hinder the merger of Netflix and WBD by launching a
hostile takeover bid.
The Wall Street Journal reported in December 2025 that Ellison had given assurances to President
Donald Trump that if Paramount were to buy WBD, he would make major changes to
CNN, a media organisation that Trump has frequently criticized. Ellison worked with three sovereign wealth funds owned by Middle-Eastern governments, as well as Trump's son-in-law
Jared Kushner, to finance his competing bid for WBD. In February 2026, after Ellison raised his bid for the company, WBD concluded that it was a superior proposal to the Netflix deal. Netflix declined to raise its bid for the company and Paramount and WBD signed a definitive merger agreement shortly after. Ellison will continue his tenure as chairman and CEO of the combined company. In April 2026, Ellison feted Donald Trump and senior Trump administration officials at an event titled, “honoring the Trump White House,” in Washington D.C., alongside top executives and journalists from CBS News. Guests at the event included Trump administration officials who were overseeing the Paramount merger with Warner Bros. ==Personal life==