David Ellison says savings from the Skydance-Paramount merger will significantly exceed the $3 billion initially projected, with $2.5 billion anticipated by the end of this year. And, “We’re in the process of basically converging Paramount+, BET+ and Pluto all into one unified tech stack. We’re going to finish that second quarter of this year,” the Paramount CEO noted at a conference.
The tech stack — which has been front and center in Ellison’s comments around M&A — refers to all of the technologies from software and programming to data storage options that “stack” on top of each other to build and run an application. It’s redundant and costly to have more than one.
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