David Ellison to Control Family’s Paramount Stake After Deal (1)

Independent filmmaker David Ellison will control his family’s stake in Paramount Global once his Skydance Media completes its merger with the larger movie and TV company.

The Ellison family on Tuesday amended a filing with the Federal Communication Commission to show thatEllison, and not his father Larry, will control their voting interest.

Ellison is merging his company into Paramount in a series of transactions. The Ellisons, and their partner RedBird Capital Partners, are buying out the Redstone family’s National Amusements Inc., which owns the majority of the voting stock in Paramount.

The partners are using ...