Paramount-Warner Bros. Merger Will Threaten $2.78 Billion in Economic Value, Says L.A. County

Paramount Warner Bros merger
Covered by 3 sources
- Deadline Hollywood·5h agoDecision On Paramount’s $1.88B WBD Merger Bond Pushed Close To Ticking Fee Start Date; L.A. County Report Again Predicts Big Job Losses If Deal Goes Through
The results of a court hearing in Oakland on Wednesday might be a little to close for comfort for Paramount and David Ellison. Additionally, the findings of a report submitted to the Los Angeles County Board of Supervisors might prove very scary in terms of potential job losses…
Read at Deadline Hollywood → - Variety·5h agoParamount-Warner Bros. Merger Will Cost 4,500 L.A. Production Jobs, Report Finds
The merger of Paramount and Warner Bros. could cost about 4,500 film and TV jobs over three years, according to a new report issued by Los Angeles County. The report, prepared by CVL Economics, argues that the merger would accelerate the downturn in L.A. production, which has…
Read at Variety → - Hollywood Reporter·5h agoParamount-Warner Bros. Merger Will Threaten $2.78 Billion in Economic Value, Says L.A. County
The county's own report projects that $1.26 billion in lost wages by workers is at stake as part of the overall hit.
Read at Hollywood Reporter →

