Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay.

Even if Paramount Skydance Corp. manages to take over Warner Bros. Discovery Inc. against the company’s will, it faces another high hurdle: coping with the colossal $54 billion of debt it’s planning to take on.

Paramount’s $108.4 billion takeover led by David and Larry Ellison could give the family unprecedented control of major film studios.

While accepting an award, "60 Minutes" correspondent Scott Pelley said his program has not faced any corporate interference from the new Paramount owners.

Paramount Skydance is holding firm at its $30-per-share offer to shareholders to buy Warner Bros. Discovery and believes a majority will tender their shares despite the pressure to increase its bid for the legacy Hollywood studio, TheWrap has learned.

No, it’s not Netflix’s quest to acquire Warner Bros. Discovery. It’s Sumner Redstone’s long and painful struggle with Barry Diller to control Paramount three decades ago. The outcome reordered the media industry and created a new Hollywood dynasty.

Congressional Democrats raise national security concerns over Paramount’s hostile Warner Bros. bid, noting Middle Eastern sovereign wealth funds are providing over half the financing. The deal threatens control of CNN, HBO and Warner Bros. studios in Burbank, which shape news and cultural content for millions of Americans.

A Call of Duty movie is now in the works at Paramount with big names attached to write and direct. It's been a long time coming, as Activision first announced plans for a Call of Duty movie--and an entire universe of Call of Duty films--more than a decade ago. But now the project is progressing.