Paramount-Warner Bros. Merger Predicted to Cause Significant Job Losses in L.A.
A proposed $1.88 billion merger between Paramount and Warner Bros. Discovery is projected to result in 4,500 job losses in Los Angeles and threaten $2.78 billion in economic value. A decision on the merger bond has been pushed closer to the ticking fee start date amidst these concerns.
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Paramount-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 already cost 52,000 jobs over the last four […]
By Gmaddaus
Read full article →Paramount-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.
By Katie Kilkenny
Read full article →Decision 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 today in Oakland may be a little to close for comfort for Paramount and David Ellison. Additionally, the findings of a report submitted to the L.A. County Board of Supervisors may prove very scary in terms of potential job losses and more if the $111 billion merger with Warner […]
By Dominic Patten
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