The just merged Paramount Skydance is exploring a bid to acquire Warner Bros. Discovery, heralding potentially more change in an entertainment landscape that’s seeing rapid shifts.

Larry Ellison, chairman and co-founder of Oracle, is one of the richest people in the world and the patriarch of the Ellison family, which led the $8.4 billion deal that landed his son David Ellison’s Skydance Media with control of Paramount Global. That transaction closed August.

There’s been speculation since that the big, new and deep-pocketed player in Hollywood would turn its sights on Warner next, but the focus had been on Warner Bros. Studios, which is in the process of separating from the company’s global cable networks and linear television. The Paar deal currently being explored, however, is

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