A PARAMOUNT FOR THE PEOPLE

Tech scion David Ellison is settling in on the lot after his family took over the century-old studio. “Top Gur’ and ‘Star Trek’ could lead the way as studio scales up.

- By Meg James and Samantha Masunaga

Tech scion David Ellison and his leadership team at Paramount sent a message to Hollywood: A new era is underway.

Nearly a week after taking the keys to the battered media company, Ellison and his top executives met with reporters at the Paramount Pictures lot Wednesday to show that they mean business.

Ellison and his team will be based in Hollywood — not New York — and they plan to view the entertainment industry through a California lens by making big investments, leaning into technology and building on popular franchises, including “Top Gun,” “Star Trek” and “Yellowstone.”

Recently, Ellison's Skydance Media and its backer RedBird Capital Partners closed their $8-billion takeover of the firm that includes CBS, Comedy Central, MTV Networks, Showtime and the Melrose Avenue movie studio.

“One of our biggest priorities is actually restoring Paramount as the No. 1 destination for the most talented artists and filmmakers in the world,” Ellison said. “Very simply, great filmmakers make great movies.”

Such a Paramount comeback would be long overdue.

The film studio has suffered from decades of under-investment, and was often bypassed by many of Hollywood's biggest filmmakers. The studio plans to release eight films next year, but that’s too small an output to sustain a theatrical film business, Paramount executives said.

‘The plan is to nearly double the number of feature films to 15 and, and eventually, 20 movies a year.

Ellison, the 42-year-old chairman and chief executive, was eager to bury his days of being a political target following the lengthy regulatory review of the deal and President Trump’s lawsuit against CBS for its edits of a “60 Minutes” interview with Kamala Harris last fall. Paramount settled the lawsuit last month, agreeing to pay $16 million.