David Ellison, CEO of Paramount Skydance, made his first public appearance before Warner Bros. Discovery’s senior executive ranks discussing the pending $111 billion deal for WBD. Ellison spoke about the deal for about 10 minutes, including praising HBO as “the gold standard in television” and anticipating a combined Paramount-Warner Bros. to produce 30 films per year. He also answered questions about how many layoffs Paramount expects to make at WBD, especially in light of the deep cuts Paramount Skyedance has made after the deal closed. The merger is expected to generate upwards of $6 billion in cost savings from the merger, most of which will not come from layoffs.