As speculation swirls about whether Paramount Skydance will make an offer for rival media giant Warner Bros. Discovery, the formers CEO says hes not able to talk about it.

Were a publicly traded company, so were not in a position to be able to comment on rumors or speculation of any kind, Paramount Skydance head David Ellison said Thursday at Bloombergs Screentime event.

Ellison did, however, offer some thoughts on what he says is the companys mindset regarding long-term strategy.

I think, ironically, it was [WBD CEO] David Zaslav who said last year that consolidation in the media business is important. The way we approach everything is, first and foremost, whats good for the talent community, whats good for our shareholders and value creation, and whats good for, basically, storytelling at large, Ellison said. From our standpoint, whether we approach any acquisition and I actually do think there are a lot of options out there in terms of what might be actionable in the near future we would approach it through the lens of wanting to make more, not less. You need more content to yield more engagement.

As for what those options for potential MA might be? Another no comment.

More to come.