Paramount Skydance Chairman David Ellison defended his commitment to release 30 movies a year once his media company swallows Warner Bros. Discovery — a goal that some industry observers view as overly ambitious.

During a Monday call with analysts to discuss Paramount’s first-quarter earnings, the tech scion said the target was achievable because his management team would maintain current levels of production. Paramount has doubled its film release capacity to 15 films this year, matching the number of theatrical releases planned by competing Warner Bros.

“The two companies are actually making 30 films to date,” Ellison said. “We really view our pending acquisition of Warner Bros. Discovery as a powerful accelerant to our strategy.”

The company said it was on track to finalize its Warner takeover by the end of September. The $111-billion deal would transform the smaller Paramount into an industry titan with prestigious programming, including Harry Potter, “Game of Thrones,” “Euphoria,” as well as its current slate of Taylor Sheridan-produced franchises, including “Yellowstone” and “Landman.” The combined company also would own dozens of popular TV networks, including CBS, CNN, Comedy Central, Food Network and HGTV.

But the proposed merger would saddle the combined company with $79 billion in debt, stoking fears that Paramount would need to make steep cost cuts to balance such a large debt load. During the quarter, Paramount lined up banks and other institutional investors to provide bridge financing to help pull off the transaction, the company said.

“We’re pleased with the momentum and will continue to take the necessary steps to bring this deal to completion,” Ellison told analysts.

Late last month, Warner Bros. Discovery stockholders overwhelmingly voted in favor of the deal, which will pay $31 a share to Warner investors. The company now must secure regulatory approvals in the U.S. and abroad, and that process is well underway, Paramount said.

Paramount has asked the Federal Communications Commission for permission to exceed a cap on foreign ownership for U.S. media companies. Ellison’s company is expecting $24 billion from three Middle Eastern royal families, who would become part owners of the combined entity. Those total funds will represent about 49% of equity in that new company, exceeding the current foreign ownership cap of 25%.

More than 4,000 filmmakers, actors and industry workers, including Bryan Cranston, Connie Britton, Kristen Stewart, Jonathan Glazer and Jane Fonda, have signed an open letter asking California Atty. Gen. Rob Bonta and other regulators to block the deal, saying it “would reduce the number of major U.S. film studios to just four.”

Late last week, a small group of consumers sued to block Paramount Skydance’s acquisition of Warner Bros. Discovery and unwind Ellison’s Skydance Media’s takeover of Paramount, alleging that both deals reduce marketplace competition.

For the January-March quarter, Paramount’s earnings beat Wall Street’s expectations. Revenue grew 2% to $7.3 billion compared with the first quarter of 2025.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached $1.1 billion, helped in part by growth in its streaming services unit. Paramount+ increased its revenue by 17% to nearly $2 billion, compared with the year earlier period when it generated $1.7 billion. The service added 700,000 subscribers, bringing the total to nearly 80 million.

With Warner’s HBO Max streaming platform, the combined service would boast more than 200 million subscribers.

Paramount reported first-quarter net earnings of $168 million, or 15 cents per share, compared with $152 million in 2025, which occurred before Skydance acquired the media company in August.

Executives pointed to “Scream 7,” a late February release that has topped $200 million in global ticket sales, as a success story. Studio revenue grew 11% to $1.28 billion for the quarter.

Television networks revenue declined 6% to $3.7 billion as Paramount’s cable channels continue to contend with the loss of cable cord-cutters, which reduces the company’s collections from pay-TV providers. Nonetheless, Paramount pointed to the strength of Sheridan’s “Landman,” starring Billy Bob Thornton, Ali Larter, Sam Elliott and Demi Moore, and the strength of the CBS television network, which currently has 13 of the broadcast industry’s top 20 prime-time shows, including “60 Minutes,” “Marshals,” and “Tracker.”

The company told analysts it would achieve $30 billion in revenue for the full year and $3.8 billion in adjusted EBITDA. Paramount said it would also make $2.5 billion in cost-cuts by the end of this year and reduce expenses by $3 billion in 2027.

Paramount said it ended the quarter with $1.9 billion in cash and cash equivalents. It also was carrying $15.5 billion in debt. The company had to draw $2.15 billion from its revolving credit facility to pay Netflix a $2.8-billion termination fee that Warner Bros. Discovery had agreed to pay under a previous deal to sell the company to Netflix.

Paramount released its earnings after Monday’s trading day. Its shares closed at $11.13, basically unchanged.

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Warning: Full spoilers for the film follow.

I’ve made no secret of the fact that I’m as sick of sequels as many other people. Every so often, however, one comes along that manages to not only match its predecessor’s energy but also manages to equal it, that strides across the screen with such panache and style that you find yourself absolutely captivated.

The Devil Wears Prada 2 is one such film.

Now, I’ll admit that I was more than a little skeptical when I found out there was going to be a sequel to a film that was released back in the halcyon days when one-and-done was more the norm than the exception. However, given the fact that the film managed to pull together the same gang–including director David Frankel–I figured it was at least giving it a shot. I’m certainly glad I did. The film made me laugh more than I ever expected and, more than that, it held me spellbound, drawing me back into this world of high fashion and high ideals and delicious bitchery. It was everything I wanted, and perhaps a little bit more.

When the story opens, our beloved Andy has been working as a successful journalist and is poised to receive a prestigious award; unfortunately, her victory is spoiled by the announcement that she, along with her colleagues, have been laid off. All is not lost, however, and she’s soon brought on to help head up the features department at Runway, where she once again finds herself desperately seeking approval from Miranda Priestly, who resents having this young woman thrust upon her. As the film proves, however, the two women have far more in common than either of them might think, and they have to work together to save Runway and perhaps journalism itself.

To say that Meryl Streep devours this role would be a bit of an understatement. Obviously Streep has had many, many, many great roles during her long and storied career, but for my money Miranda Priestly will always be my favorite. To begin with, there’s the fact that she’s fucking gorgeous, with her shock of white hair, her immaculate outfits, and her way of commanding every eye in a room. However, it’s not just her looks; Miranda has depth and genuine emotional investments, even though these might not always be obvious to the people in her orbit. She might be demanding and imperious and at times downright callous, but the thing is that she genuinely believes in what she preaches. She believes in human beauty and achievement, and she’s willing to go to great lengths to celebrate those things, and if you can’t keep up with her, or if you’re not as invested in them as she is, then that’s a you problem.

For her part, Hathaway is reliably bubbly and effervescent as Andy, a woman who has gone from being a wide-eyed neophyte to a highly-respected and passionate journalist. The brilliance of Hathaway’s performance lies in her ability to capture so many different elements of Andy’s character. She is, at once, still the same wide-eyed and somewhat naive woman she was when she was in her 20s and also someone who believes fiercely and passionately in journalism and what it means to American society and culture writ large. Maybe it’s just the millennial in me, but I adore both Hathaway and this character. They both remind us that millennials, for all that the general culture and our elders (and our juniors!) like to mock us, really do believe in things and, just as importantly, we believe they’re worth fighting for.

The mark of a truly great film–and, for that matter, sequel–is its ability to imbue even its supporting characters with their own arcs and their own emotional stakes. In that respect, too, The Devil Wears Prada 2 succeeds, in that it gives both Tucci’s Nigel and Blunt’s Emily their own journeys. For Nigel, this revolves around his desire to be more than just Miranda’s second-in-command. One can easily see why a man of his obvious taste and skill would want something more, and Tucci imbues him with just enough vulnerability that you can see his desire flicker of his eyes. He also has his fair share of softer moments, and I love the chemistry between Hathaway and Tucci.

In some ways, Emily’s story has been even more tragic than Nigel’s, if no less a result of Miranda, who essentially pushed her out of Runway because of her belief that she lacked the creative vision to really flourish there. Blunt, of course, is absolutely in her element, and though she’s as sharp-tongued as ever, there’s still enough human warmth behind her crisp delivery to allow us to see her as more than just a villain. She is, instead, someone with her own struggles and failures and motivations and, to be quite honest, she’s a delight.

Indeed, if anyone can be said to be the villain of this film, it would have to be the tech overlords–so perfectly embodied by Justin Theroux and B.J. Novak–who play their respective billionaires with just the right amount of preening idiocy and suave corporate ruthlessness. They care about nothing and no one but themselves and making sure they get as much money as they can before they destroy the very institutions they control. And, though some have sneered at the film’s commentary about the state of journalism and the ongoing corporate takeover and hollowing out of our cultural life and institutions, I actually think that’s precisely what gives the film its texture, its depth, and its bite. Because Miranda and Andy–and Nigel, and even Emily, in her own twisted way–care about beauty and fashion and human achievement, and because they’re performed with such depth and emotional authenticity by the film’s stars, we come to care about these things, too.

Even if every other aspect of this film had failed, I still would’ve enjoyed and praised the extent to which it highlights the importance of friendship and bonds and respect between and among women. Though Miranda is at first as dismissive of Andy as she was 20 years ago–in large part, one suspects, because Andy has been foisted on her by her corporate master–she gradually gains a grudging respect One of the most poignant scenes, however, belongs to Emily and Andy, who share one last scene together, forging a friendship they should have had years before but which they both clearly need. Sometimes, when you get down to it, all you really need to thrive is a good friend and a basket of fries.

Look, if this is what millennial nostalgia is going to look and feel like when it comes to the movies, we could do a whole lot worse than The Devil Wears Prada 2. This is a sequel that actually has some things to say but that doesn’t lose sight of the fact that its primary purpose is to entertain and delight us. Fortunately for all of us, it manages to do both. What a remarkable gift!

Brittany Brown looks strong.

She looks confident.

She looks capable of achieving her dreams.

That’s how Brown looks in the mural painted in her honor at Vista del Valle Elementary — and it’s how the 31-year-old U.S. sprinter feels in real life nearly two years after winning a bronze medal in the women’s 200-meter at the 2024 Paris Olympics.

But that’s not always how she felt decades ago during her time as a student at the Claremont school.

“I grew up very sickly,” Brown told The Times last month while visiting Vista del Valle for a mural unveiling ceremony. “I had asthma. I had pneumonia, bronchitis. … I never thought I’d be running because I just was not the person that would be running. I was told to stay inside, not go outside.”

Former Vista del Valle Elementary student Brittany Brown wears her 2024 Paris Olympics bronze medal at the school’s district track and field competition April 24.

(Etienne Laurent / For The Times)

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Brown’s family also faced housing uncertainty and financial struggles during that time. They moved around a lot, and sometimes Brown and her family — mother Yo-Landa, father Wayne, older sister Brandi, twin brother Brandon and younger brother Bryan — found themselves living in a hotel room near the elementary school.

Her mother told The Times that the school and the community provided invaluable support during those trying times.

“I think emotionally, it took a toll on her,” Yo-Landa Brown said. “But, of course, she was always joyful. She was very observant. She was kind. I could tell she used to cry a lot, but we all just tried to keep things calm and collected around her.”

U.S. sprinter Brittany Brown, a bronze medalist at the 2024 Paris Olympics, is all smiles after winning a ribbon in the Vista del Valle track meet as a fourth grader in 2007.

(Brandi Brown)

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The mural ceremony was held April 24 immediately after the school’s 50th annual district track meet, where Brown interacted with the participants and handed out ribbons. Vista del Valle Elementary hosts all seven elementary schools in the district each year for the meet. It was as a fourth-grade participant at the same event nearly 20 years ago that Brown discovered she loved to run — and also that she was very good at it.

“I remember running just felt very freeing. Like it just felt like, ‘OK, I’m not the sick kid. I can just try and do something,’” said Brown, who holds the Claremont High School record in the girls 100-meter and 200-meter races. “And I was also winning, so that helped as well. … Running has brought me opportunities I never thought I would ever experience.”

The mural was painted by local artist Xiucoatl Mejia, who attended Claremont Unified School District schools from kindergarten (Sumner Elementary) through high school (Claremont High). He has painted several murals at district schools in recent years and was already working with first-year Vista del Valle principal Charles Boulden to start an after-school art club for the students.

The two men thought it would be great to have a mural on campus to tie in with the half-century anniversary of the district track meet. The realization that one of the country’s top sprinters was a Vista graduate who got her start at the same meet served as further inspiration.

The mural depicts an adult Brown running while wearing a Vista track uniform and carrying a torch. A large group of children runs behind her, with some of those kids resembling students from the art club.

People gather in front of a mural featuring U.S. sprinter Brittany Brown prior to its unveiling ceremony April 24 at Vista del Valle Elementary in Claremont.

(Etienne Laurent / For The Times)

“It just made sense to include some of the kids who were in the class and make it a little bit more custom to the school and personal to these kids,” Mejia said.

Third-grader Levi Adams said being depicted in a mural on a school wall is “special because when you’re older you can go back and look at it.”

Second-grader Holland Ly agreed that “it’s pretty special” to be featured in a painting that “many people” will see through the years.

Art club students also helped paint the mural.

“I had the kids lay out the whole track,” Mejia said. “I wanted them to do that very specifically, because I wanted them to understand that that’s the foundation for the race in our scene. … I wanted them to have that part in it, and be able to look back on it and see it.”

The theme of the piece initially was victory, Mejia said, but it evolved.

“As it progressed, the theme kind of changed into carrying the torch and paving the way for a better future for our youth and for our communities,” Mejia said. “It became a lot bigger than what initially it was. It became something that is a little bit more powerful than any singular victory. It was a collective victory with everyone.”

Boulden thinks the mural ended up being a tremendous success.

U.S. sprinter Brittany Brown holds up her bronze medal from the 2024 Paris Olympics surrounded by, from left: mother Yo-Landa Brown, twin brother Brandon Brown, brother Bryan Brown, grandmother Jeanette Royston and sister Brandi Brown.

(Brandi Brown)

“I couldn’t be happier with how it is — the colors, how vibrant it is and what it represents to me,” the principal said. “I see perseverance in there, and I see chasing dreams, and I see kids chasing after somebody who’s chasing their dreams as well.”

Brown is also thrilled with how the first mural in her honor turned out.

“I think it’s really good! I’m really, really happy with it,” said Brown, who is currently training in Los Angeles with the long-term goal of competing for the U.S. again in the 2028 Summer Olympics. “I love the colors. It even has my choker — I wear a choker when I run a lot. It has the little, fine details, so I think that was really cool.”

Her mother said she thought it was “really touching” that Mejia included images of current Vista students in the painting.

“Yes, Brittany is the Olympian, but now you have the next generation involved,” Yo-Landa Brown said. “Their stories will continue to live on and they will remember that. And that will give them the inspiration to be better and to do better in their lives. I thought that was phenomenal. I felt so thankful that he was able to capture that.”

Wearing her Olympic medal around her neck, Brown addressed the student body at the mural ceremony and became emotional while talking about the hardships she overcame while attending the school.

Olympian Brittany Brown hands out ribbons and high-fives to participants in Vista del Valle’s annual district track and field meet April 24 in Claremont.

(Etienne Laurent / For The Times)

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“I really just want them to know you can create beautiful stuff, even in the struggle,” Brown told The Times afterward. “It’s going to be a lot harder, but you can still create beautiful stuff in the struggle. And I definitely have created a different life for me. …

“I never thought the little girl in the hotel would freaking have a mural. I never thought, like a little asthma girl, you know, someone who wasn’t allowed outside, that this would be my story. So it’s definitely crazy. That’s what I want them to know.”

Brown’s message seems to have resonated with the students. Fifth-grader Kaylee Mency said Brown’s story of her childhood struggles “really meant a lot to me because she still kept going even though her life wasn’t as good.”

Fifth-grader Eliana Ocegueda added: “She went to this school and now she’s an Olympian. It’s really inspiring and it kind of makes you think about you can be anything you want to be.”