

Ellison seemed to be making an effort to reassure many of their longtime creative partners that they want them to stay with them.
He definitely isn’t looking to cannibalize and raise cash the way the Redstones were doing since the remerger. He’s determined to hang on to BET which I read as a significant signal.
One has to wonder what role Redstone’s desire to sell off pieces played in reintegration and failure to find synergies.
It also seems that Ellison has a personal vision of what he wants to do with legacy media that goes beyond just treating IPs as cash cows. I don’t think we’ve seen everything he intends and it sounds as though he’ll be very hands on in making sure the vision is realized. It will be interesting to watch.
At least Ellison senior is giving is kids ‘loose change’ to cut their teeth on managing businesses before they need to take over.
As bizarre as that sounds, it’s better for the employees and investors than the alternatives.
Sumner Redstone fought to keep control until he was incapacitated, severely damaged the value of his legacy instead of letting his daughter learn to manage it.