David Ellison has been on a spending spree since he took over Paramount a few weeks ago. His dad's massive wealth makes that easier.

Fortune magazine wondered on its cover whether Oracle co-founder Larry Ellison might become the world's richest person, while BusinessWeek declared Ellison is "cool again," noting that "Silicon Valley's bad boy is having his revenge.

Look no further than David Ellison's father for reasons number one, two and three behind Paramount Skydance's reportedly likely and imminent bid to buy Warner Bros. Discovery. Namely -- it's a rounding error on the Oracle co-founder's balance sheet.

After Warner Bros. Discovery shares zoomed up 29% on the potential Paramount bid, WBD now has a market value of $40 billion. When adding in debt (minus cash and equivalents), the enterprise value of Warner Bros. Discovery is now about $71 billion. And that is a far bigger price than the Ellisons paid to swing Skydance-Paramount.

Paramount on Friday sharply denounced a proposed boycott of Israel's film industry made by a loose-knit group that calls itself Film Workers for Palestine and includes dozens of Hollywood luminaries.