[Image: Flickr]If a planned deal giving majority control of TikTok US operations to a consortium of American investors is finalised, Larry and David Ellison’s company, Paramount Skydance, could gain an unnerving amount of influence in the media industry. CBS reported that Ellison’s Oracle was among a group of firms that would allow TikTok operations to continue in the US if a deal between the US and China is finalised. Under the deal, Oracle is expected to manage US user data by storing it in its Texas data centres. It would then be responsible for ensuring US user data meets whatever security & jurisdictional requirements are set by US laws. If the Paramount Skydance bid of $70 billion for Warner Bros Discovery goes through, Larry Ellison would indirectly gain control over Warner Bros Pictures, New Line Cinema, Warner Bros Television, DC Studios, HBO, Max, Discovery Channel, Food Network, HGTV, TLC, Animal Planet, Cartoon Network, Adult Swim, CNN, TBS, TNT, TruTV, Eurosport, and Warner Bros Games, amongst others.