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LA County Flags Major Job Losses and Legal Action in Paramount-WBD Merger

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Source: Deadline
LA County Flags Major Job Losses and Legal Action in Paramount-WBD Merger
Photo: Deadline
TL;DR

LA County’s Department of Economic Opportunity warns the Paramount-Warner Bros. Discovery merger could put about 2,495 Los Angeles jobs (and roughly 6,000 globally) at risk due to duplicative roles, prompting anticipated antitrust action from California and other states. DOJ has already approved the deal, but California AG Rob Bonta and other states are pursuing investigations that could delay or derail it. The county urges formal comments to the DOJ and monitoring of AG moves, while Paramount defends the merger as pro-competitive and vital for LA’s entertainment industry.

Topics:entertainmentbusiness#business#california-attorney-general#job-losses#merger#paramount#warner-bros-discovery
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  1. Paramount-WBD Merger Will Mean Job Cuts, Lawsuits: L.A. County Report  Deadline
  2. Stark Picture Emerges of Paramount-Warner Bros. Job Loss Risk In L.A. County  The Hollywood Reporter
  3. LA County Warns Paramount-Warner Bros. Merger Puts Nearly 2,500 Local Jobs at Risk  TheWrap
  4. Paramount Warner Bros. Merger Faces New State Challenges  The Capitol Forum
  5. Paramount-Warner Bros. Merger Could Risk Nearly 2,500 Jobs in LA County  102.7 KIIS-FM

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