LA County Warns Paramount-Warner Merger Could Cost Billions in Local Economic Value
TL;DR
LA County’s study projects that Paramount Skydance’s merger with Warner Bros. Discovery could erase about $2.78B in local economic value, $1.26B in wages, and $4.06B in lost business output, with roughly 10,365 job-years at risk (4,500 direct, 2,661 indirect, 3,204 induced) and a $547M drop in tax revenue. It warns consolidation could shrink film/TV production and hurt workers, even as executives argue the merger would unlock more production in the long term.
Topics:entertainmentbusiness#business#economic-impact#los-angeles-county#merger#paramount-skydance#warner-bros-discovery
- Paramount-Warner Bros. Merger Will Threaten $2.78 Billion in Economic Value, Says L.A. County The Hollywood Reporter
- Paramount-WB Deal Could Cost LA 4,500 Film and TV Jobs and $2.8 Billion, Study Finds | Exclusive TheWrap
- Report warns Paramount-Warner merger could erase 4,500 jobs in L.A. Los Angeles Times
- The Bonfire of the Synergies puck.news
- Paramount-Warner Bros. Merger Will Cost 4,500 L.A. Production Jobs, Report Finds Variety
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