Multiple sources say that De Luca and Abdy will not be part of David Ellison’s management team after the merger between Paramount Skydance and Warner Bros. Discovery closes.

The landmark $110 billion pact is expected to be finalized on October 6.

Paramount film heads Dana Goldberg and Josh Greenstein are reported to oversee both movie studios, which will each release 30 movies a year, per the provisions of the deal. It’s unclear if De Luca and Abdy will remain for a transitionary period.

Then, Warner Bros. tied the all-time studio record with 11 Oscars Awards from an industry-leading 30 nominations, including best picture win for Paul Thomas Anderson’s One Battle After Another (which, nonetheless, was a commercial disappointment).

My Oscar Book

Ellison is keeping his new leadership structure close to the vest.