Media mogul John Malone said on Wednesday that Elon Musk's SpaceX may reach a multi-billion dollar investment and content distribution cooperation with Paramount Tianwu; just two weeks ago, Paramount Tianwu had just completed an 81 billion dollar acquisition of Warner Bros. Malone proposed during a conversation with Liberty Global CEO Mike Fries at the Paley International Summit in New York that the two companies may reach a global content distribution agreement, supporting cross-investment of 8 billion to 10 billion US dollars. This potential partnership will not only allow SpaceX's Starlink satellite Internet to enter the Hollywood content distribution circuit, but also provide financial support for Paramount Tianwu, which is burdened with huge debts and is integrating the two major media giants. Malone did not say the two sides have begun negotiations. “I think this deal is coming soon.” Malone said that he is based on the financial relationship between Musk and Larry Ellison, the founder of Oracle. Larry Ellison is also the father of David Ellison, the head of Paramount Sky Dance, and the core investor of Paramount Sky Dance. Malone mentioned that Larry Ellison once funded Musk's acquisition of X and used Tesla shares to fund his son's Hollywood layout.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.