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Hollywood Consolidation

All articles tagged with #hollywood consolidation

media-and-politics27 days ago•15 min saved

Mamdani Condemns Paramount-WBD Merger as 'Shameful' After Settlement Clears Final Hurdle

New York Mayor Zohran Mamdani has sharply criticized the Paramount-Warner Bros. Discovery merger, labeling it a 'shameful monument to corruption' in a post on X. This condemnation follows the announcement that Paramount reached a settlement with 12 state attorneys general and the Writers Guild of America, clearing the final legal barriers to the $111 billion deal. While Mamdani praised New York Attorney General Letitia James for securing worker protections, he accused federal leaders of enabling billionaire control over media. The settlement, which includes commitments to maintain film output and preserve studio lots, has divided industry observers, with some calling it a victory for the Ellisons and others warning of potential job losses and reduced competition.

via Deadline|

#antitrust-settlement #hollywood-consolidation #media-and-politics

business28 days ago•12 min saved

David Ellison’s Paramount-Warner Bros. Deal Clears Final Hurdle, Creating Unprecedented Media Empire

David Ellison is poised to complete his $111 billion acquisition of Warner Bros. Discovery after a settlement with 12 states resolved the final antitrust obstacle. The merger will create a media conglomerate of unprecedented scale, combining Paramount and Warner Bros. under one owner for the first time in Hollywood history.

via The New York Times|

#antitrust-settlement #business #david-ellison

entertainment1 month ago•13 min saved

Clooney Backs Ruffalo, Questions Paramount-WBD Deal at Venice

George Clooney defended Mark Ruffalo’s right to criticize the Paramount-Warner Bros. merger and expressed skepticism about the deal’s financial logic during a press conference at the Venice Film Festival. While accepting a Golden Lion for Lifetime Achievement, Clooney also discussed AI’s impact on jobs, the state of journalism, and his decision to pause directing due to fatherhood.

via Variety|

#entertainment #george-clooney #hollywood-consolidation

media-and-business1 month ago•14 min saved

Schur Warns Paramount-WBD Deal Will Crush Creative Diversity

Veteran writer Mike Schur argues the Paramount-Warner Bros. Discovery merger is an existential threat to Hollywood, citing the Disney-Fox precedent of job losses and reduced creative output. The $110 billion deal faces legal challenges from the WGA and 12 state attorneys general, with California AG Rob Bonta accusing Paramount of bad-faith settlement tactics.

via The Hollywood Reporter|

#antitrust #hollywood-consolidation #media-and-business

business6 months ago•2 min saved

WBD approves Paramount Skydance merger, reshaping Hollywood’s landscape

Warner Bros. Discovery shareholders approved the $110 billion Paramount Skydance merger, valuing WBD at about $77 billion and uniting assets like Warner Bros., HBO Max, CNN, TBS and TNT under one umbrella. The deal still requires DOJ antitrust clearance and faces legal and political pushback, including an industry letter opposing consolidation. Paramount’s David Ellison pledged to maintain theatrical windows and release around 30 films per year across the studios, while Netflix earns a $2.8 billion termination fee after backing out.

via NBC News|

#antitrust #business #hollywood-consolidation