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Warner Bros. Discovery Bags 11 Oscars As $110 Billion Paramount Skydance Sale Looms
In the midst of nearly a $110 billion sale to Paramount Skydance, Warner Bros. Discovery triumphed at the 98th Academy Awards on Sunday night, bagging 11 Oscars. The studio’s winning streak was led by ‘One Battle After Another‘, a film by Paul Thomas Anderson, which won six awards, including best picture, best director, and best supporting actor. ‘Sinners‘, another Warner Bros. production set in the Jim Crow-era South, won four Oscars, including best actor for Michael B. Jordan. During his accep
Warner Bros. CEO set to receive big payday from Paramount deal
Warner Bros. (WBD) CEO David Zaslav could receive up to $887 million from the company's Paramount (PSKY) deal. Yahoo Finance Breaking Business News Reporter Jake Conley and Yahoo Finance Senior Reporter Brooke DiPalma outline the details in the video above.
Warner Bros CEO to pocket up to $887 million from Paramount deal
<body><p>STORY: Warner Bros Discovery chief executive David Zaslav, who has consistently ranked among America's highest-paid CEOs, will now likely receive one of the richest golden parachutes on record.</p><p>:: $887 million</p><p>A regulatory filing this week showed that Zaslav is set to pocket up to $887 million after the Warner Bros sale to Paramount Skydance is completed.</p><p>:: $34.2 million</p><p>Breaking down the numbers, Zaslav is expected to get cash severance of $34.2 million, including salary continuation and bonus components triggered by a change-in-control termination.</p><p>:: $517.2 million</p><p>The Warner Bros CEO is also set to receive $517.2 million in unvested share awards, as well as potential tax reimbursements of about $335 million.</p><p>:: $335 million</p><p>Warner Bros Discovery last month agreed to be acquired by Paramount Skydance in a $110 billion deal, ending a high-stakes battle over the storied Hollywood studio against rival bidder Netflix.</p><p>Along with his golden parachute, Zaslav is going out with Oscar gold, as Warner Bros emerged as the biggest winner at Sunday's Academy Awards.</p><p>:: Warner Bros. </p><p>The studio's "One Battle After Another" won six Oscars, including for best picture, while its film "Sinners" collected four.</p></body>
Warner Bros. Discovery CEO David Zaslav set to receive up to $887 million if Paramount deal closes
Warner Bros. Discovery CEO David Zaslav is set to receive up to $887 million in compensation if the acquisition of his company by Paramount Skydance closes.