Paramount Skydance (PSKY) CEO Ellison turned down an invitation to testify before the Senate at an antitrust hearing about the proposed tie-up between Netflix (NFLX) and Warner Bros. Discovery (WBD), Bloomberg reports

Paramount Skydance (PSKY) CEO Ellison turned down an invitation to testify before the Senate at an antitrust hearing about the proposed tie-up between Netflix (NFLX) and Warner Bros. Discovery (WBD), Bloomberg reports.

The refusal of Paramount Skydance's CEO Ellison to testify at the antitrust hearing could signal a cautious approach toward the Netflix and Warner Bros. Discovery tie-up, suggesting potential regulatory headwinds. This move may impact market sentiment around consolidation in the media sector, with investors weighing the implications of increased scrutiny from lawmakers on future mergers and acquisitions in the entertainment space.