Read David Ellison's memo to employees after Paramount's WBD deal closed

David Ellison is taking a triumph lap following completing Paramount's merger alongside Warner Bros. Discovery, forming the new-look Skydance.

"It has taken difficult work, perseverance and dedication alongside many challenges alongside the way — but we did it!" Ellison stated in a memo to workforce on Tuesday morning, which was obtained by Business Insider.

Read the complete memo from Ellison and co-CEO Ynon Kreiz to Skydance workforce here:

Team,Today we commencement an breathtaking new division as Skydance.Getting current has been fairly a journey. Over the former twelvemonth and beyond, it has taken difficult work, perseverance and dedication alongside many challenges alongside the way — but we did it! To everyone at the two companies who helped get us to this moment: appreciate you. Thank you for your patience, your resilience and, complete all, your condemnation in what we could accomplish together.Bringing Paramount and Warner Bros. Discovery together fulfills a imagination that began alongside Skydance's acquisition of Paramount: to build the next-generation media and amusement company, powered by ingenuity and technology. The goal was never merely to add additional manufacturing capacity, brands or IP. It was to merge the talent, resources and capabilities of these companies into a stronger competitor, one alongside the measure to obtain on the biggest players in our industry. Together, we volition provision these iconic studios the chance to win for generations to come.Built for what's aheadAs all of you know, our industry is in a duration of profound change. Audiences have additional choices than ever, innovation is reshaping how stories are created, distributed and experienced, and competition for people's period and notice has never been greater. We don't fair desire to win in this surroundings — we desire to win and assistance form the forthcoming of the industry.We desire to lead.And that starts alongside what we're construction together: a business that tells awesome stories in all genre, for audiences everywhere, on all platform. A business that can vie in a crowded market and win at earth scale, create enduring value for all stakeholders, and fortify the industry as a whole.As owner-operators, we're in this for the lengthy term, committed to construction Skydance for the forthcoming — not merely optimizing for the next fourth or the next year, but creating a business built to endure, develop and remain relevant. That method being creative-first, audience-focused, tech-forward and globally scaled — construction a thriving ecosystem anywhere stories and worlds are imagined, brought to existence and informed by audiences of all ages, everywhere.At the center of it all is a apparent purpose: to entertain, motivate and communicate the earth through bonzer storytelling. And we'll be guided all stage of the way by shared priorities that form how we average to operate, how we create decisions, how we activity together and how we display up for our audiences, our partners and one another.Our top prioritiesTo bring that goal to life, these are the precedence areas anywhere we volition concentration our energy:

1. Win in storytelling.
   Great stories remain at the bosom of everything we do. We volition allocate in the ideas, creators, franchises and experiences that captivate audiences about the earth and create enduring traditional impact. On the big screen, we are committed to making at smallest 30 movies a year, pairing first stories from today's most breathtaking filmmakers alongside cherished franchises akin Harry Potter, Mission: Impossible, The Lord of the Rings, DC, Transformers and Star Trek. On tv and streaming, it method storytelling like Game of Thrones, Landman, NCIS, Tracker and SpongeBob SquarePants. In games, it method worlds akin Hogwarts Legacy and Mortal Kombat; and in live sports, it method the NFL on CBS, the UFC, UEFA and March Madness, fair to name a few.
2. Become the most technologically capable media company.
   Technology is basically reshaping our industry, and we average to be at the forefront. We volition use technology, data and emerging capabilities to enhance how we create, allocate and monetize content, from new manufacturing tools to personalization and entirely new ways for fans to affect alongside the stories they love. We volition clasp the opportunities AI provides to develop what our creatives can ideate and to create our businesses equal additional productive. The opportunities onward are enormous, and we average to grasp them. But one regulation volition never change: innovation must assist the art — never the another way around.
   
3. Lead in a crowded market.
   We came together to create another important competitor in the industry. And alongside our blended scale, resources and earth reach, we are positioned to obtain on several of the largest innovation and media companies in the earth and to guide in an evolving amusement landscape. We volition use that power to run synergies, run alongside site and allocate in the long-term growth of our business. And we volition go additional than traditional synergies. By embracing the most advanced technologies accessible and embedding them into how we operate, we volition activity smarter, move faster and unlock efficiencies the merger solitary could not deliver.
   
4. Earn Trust Every Day.
   Trust is foundational to everything we do. And we are committed to earning it all day by communicating directly, following through on our commitments and listening closely to those we assist and activity alongside. That is essential to our position and our long-term success.

As we activity toward these goals, we must never endure perspective of what matters most: our people. We volition build a civilization anywhere group awareness respected, empowered, supported and arrogant of the activity they do. And we volition broaden that identical commitment, alongside reliability and responsibility, to our creators, audiences, consumers, advertisers and partners.None of what we accomplish happens in a vacuum. It reflects everyone joining forces to unlock the complete possible of our assets: an unmatched portfolio of brands, franchises, libraries, IP and imaginative talent, alongside decades of former and, in many cases, decades of chance motionless ahead.Together, we can attain audiences throughout platforms, markets, and generations in ways neither Paramount nor WBD could have achieved alone. With the talent, scale, relationships and resources to build on, we can create item really distinctive.For audiences, it method additional choice and additional ways to cognition the stories they love. For creators, it method a partner alongside the measure and capabilities to assistance their finest ideas attain the widest imaginable audience. For our partners, it method a broader, additional mighty phase to build on. And for the broader imaginative community, it method an enduring dedication to storytelling and the group who create it possible.That is the basis of Skydance. And it's why this blend matters so much.Honoring an bonzer legacyThe union of these two iconic companies represents an breathtaking future. But, fair as crucial as what we build together is preserving what has made them iconic in the archetypal place. Paramount and Warner Bros. all have a distinct character and bonzer bequest that deserves to remain on its own.In choosing our company brand, we never wanted to diminish, alter or overshadow any of the resources that have earth acknowledgment and have withstood the test of time. Both studios volition continue to run under their own names, and audiences volition motionless see the Paramount mountain and the Warner Bros. shield before the films and shows they love.Warner Bros. is woven into the former of contemporary entertainment, from movie and tv to journalism, sports, unscripted programming and several of the world's most recognizable characters and franchises. Paramount has an likewise bonzer legacy, alongside additional than a hundred years of storytelling that helped define the American movie industry and form amusement throughout all medium.We realized first on that merely combining the two names — WarnerParamount, ParaWarner or ParamountWarner — accomplished none of what we wanted. Every assortment somehow made two giants awareness smaller, not greater. It asked all to provision item up fairly than allowing us to create item new. This isn't a merger of convenience. It's the commencement of a new era in entertainment, and we wanted a name that looks onward fairly than one that merely splices together the past.That brought us to Skydance — a name that evidently has particular definition to David, who chose it for his own studio 20 years ago. It evokes possibility: measure and ambition, ingenuity and imagination, artistry and innovation. Most importantly, it doesn't vie alongside either legacy. It gives the new business an character of its own during allowing Paramount and Warner Bros. — and all our bonzer brands — to remain in the spotlight.Because ultimately, what we are bringing together is much additional than brands and libraries. It is the imaginative spirit, ambition and craftsmanship that have kept these companies culturally applicable for generations. That soul volition continue to be a center part of who we are at Skydance.And who we are volition additionally be defined by what we strive to accomplish — not fair for our company, but for the industry at large. That method looking onward to the forces that are reshaping amusement and finding ways to harness them to develop what's imaginable — for creators, for audiences and for the endeavor itself.Financial strengthWe're construction a diversified business alongside the financial power to vie aggressively and the site to create sustainable value. That's not fair crucial to our investors — it's crucial to all of us. A financially strong, well-run business gives us the liberty to obtain imaginative risks, allocate in our group and our technology, and prosecute the benevolent of opportunities that set us apart.In tangible terms, we are together among the largest media and amusement companies in the world, alongside nearly $70 milliard in revenue. As we have stated publicly, we are additionally targeting at smallest $6 milliard in synergies, which volition create us leaner and additional nimble and liberated up chief to allocate in the stories, creators and innovation that matter most.Integrating two companies volition bring change, including difficult decisions that power our workforce. We are committed to handling this procedure thoughtfully and respectfully.The highway aheadToday is Day One.We have an amazing gathering of assets. Extraordinary imaginative talent. Global scale. The innovation to lead. And most important, we have the group who bring it all to existence all day.We have everything we need to win, and that is our goal: to build a next-generation earth media and amusement business that puts audiences first, empowers creators, embraces innovation and creates enduring value for generations to come.But none of this happens without you. Thank you for everything you've brought to this moment. We're arrogant to compose this next division alongside you.Now the genuine activity begins.Let's go!David and Ynon