Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay.

Even if Paramount Skydance Corp. manages to take over Warner Bros. Discovery Inc. against the company’s will, it faces another high hurdle: coping with the colossal $54 billion of debt it’s planning to take on.

Paramount’s $108.4 billion takeover led by David and Larry Ellison could give the family unprecedented control of major film studios.

The eye-popping numbers led Late Show host Stephen Colbert to muse about the Paramount bid during his monologue Tuesday night. (Paramount owns CBS, which airs The Late Show. )

Yellowstone actor Hassie Harrison is set to join 1923 star Brandon Sklenar in the Paramount's modern western thriller The Rescue.

Paramount Skydance is holding firm at its $30-per-share offer to shareholders to buy Warner Bros. Discovery and believes a majority will tender their shares despite the pressure to increase its bid for the legacy Hollywood studio, TheWrap has learned.

No, it’s not Netflix’s quest to acquire Warner Bros. Discovery. It’s Sumner Redstone’s long and painful struggle with Barry Diller to control Paramount three decades ago. The outcome reordered the media industry and created a new Hollywood dynasty.

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