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

The CEO and board chair of the trade organization Cinema United suggested that the merger dispute could halt box-office momentum and inject disastrous uncertainty into the marketplace.

Paramount wants to require the posting of the bond so they can recover losses if a court approves the merger and said the states have “ample resources to post” even a large bond.

Paramount Skydance is demanding California and other US states suing to block its merger with Warner Bros. put up $1.9 billion to cover fees the company will have to pay if the deal gets delayed, according to a lawsuit filed Monday.

Paramount’s $111 billion deal to acquire Warner Bros. Discovery has been postponed until the conclusion of a trial, scheduled for March.

Paramount finally is getting serious in its standoff with blue state attorneys general and the Writers Guild of America over the antitrust action aimed at shattering David Ellison’s $111 billion deal to meld Warner Bros Discovery with the home of The Godfather. In the deepest sense of an offer they can’t refuse, make t

The odds are higher than they were before 12 states sued to block the merger, but lower than after Paramount delayed the acquisition in late July.

The Paramount-Warner Bros Discovery merger will face “sufficient competition” in the UK to prevent the combined Hollywood giant from gaining too much market power, the competition watchdog has said. In a full decision published on Monday, the Competition and Markets Authority (CMA) laid out why it cleared the £111bn ti