Winners, Losers, and the Deal's Odds

David Ellison’s daddy won him Warner Brothers. The rest of us are probably losing.

This episode was produced by Kelli Wessinger and Avishay Artsy, edited by Amina Al-Sadi, fact-checked by Andrea Lopez-Cruzado, engineered by Patrick Boyd and David Tatasciore, and hosted by Sean Rameswaram.

Paramount Skydance CEO David Ellison. Photo by PATRICK T. FALLON/AFP via Getty Images.

Listen to Today, Explained ad-free by becoming a Vox Member: vox.com/members. New Vox members get $20 off their membership right now. Transcript at ⁠vox.com/today-explained-podcast.⁠

Learn more about your ad choices. Visit podcastchoices.com/adchoices