Will Saudi Arabia End up Buying a Big Part of Hollywood?

Here's a very 2025 headline, courtesy of Variety: "Paramount Bid for WB Discovery Backed by Saudis, Qatar and Abu Dhabi." But a few hours after that one was published on Tuesday, it got a rewrite: "Paramount Skydance Denies That Its Warner Bros. Discovery Bid Involves Arab Sovereign Wealth Funds."Variety's earlier story, Variety explained, had been swatted down by Paramount PR, which called it "categorically inaccurate." So there you go. Larry and David Ellison, who own Paramount and now want to buy Warne ...