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Teamsters

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Paramount accuses Netflix of waging a regulatory scare campaign over Warner Bros. deal
business1 month ago

Paramount accuses Netflix of waging a regulatory scare campaign over Warner Bros. deal

Paramount Skydance accuses Netflix of leading a 'scorched-earth' effort to derail its $110 billion merger with Warner Bros. Discovery, including attempts to sway regulators and other stakeholders. Netflix denies the charges, saying regulators should decide the deal, which is under DOJ review and faces scrutiny from California and UK authorities. The dispute has drawn in labor groups and industry figures arguing about production, jobs and consolidation in Hollywood.

via NBC News|
#business#merger#netflix
business1 month ago

Paramount-Skydance Pushes Back at Netflix in Warner Bros. Deal Battle

Paramount Skydance accuses Netflix of waging a scorched-earth campaign to derail Paramount’s planned $111 billion acquisition of Warner Bros. Discovery, in a DOJ letter that pushes back against labor concerns raised by the Teamsters. Paramount argues the deal would create more work for Hollywood unions and help it compete with Netflix and other streamers, citing increased production and investment. Netflix did not respond, and the Teamsters have urged regulators to block the deal unless safeguards are put in place. The antitrust review continues amid related scrutiny from California’s attorney general, with Paramount forecasting significant synergies and production growth as part of the merged entity.

via Politico|
#antitrust#business#netflix
Opposition grows as WBD-Paramount Skydance merger faces regulatory headwinds
business4 months ago

Opposition grows as WBD-Paramount Skydance merger faces regulatory headwinds

Warner Bros. Discovery's planned merger with Paramount Skydance is drawing early opposition from the International Brotherhood of Teamsters and California's attorney general, prompting scrutiny over worker protections, potential layoffs, and competitive impacts; despite this, Wall Street has a Hold rating on WBD with about 9.5% upside to a roughly $29.68 price target, and the stock edged lower as opposition coalesced.

via TipRanks|
#business#merger#paramount-skydance
Teamsters Urge DOJ to Block Paramount-Warner Merger Without Worker Protections
business4 months ago

Teamsters Urge DOJ to Block Paramount-Warner Merger Without Worker Protections

International Brotherhood of Teamsters leaders asked the DOJ’s Antitrust Division to halt Paramount’s $111 billion merger with Warner Bros. unless enforceable protections for domestic production and labor standards are secured. Teamsters general president Sean O’Brien and motion picture chief Lindsay Dougherty argued consolidation risks jobs and local production, echoing concerns raised by the Writers Guild as the deal faces opposition from unions even as Paramount downplays likely layoffs.

via The Hollywood Reporter|
#business#doj-antitrust#entertainment-industry
U of M Teamsters Strike Ends, Farm Aid Concert Secured
world10 months ago

U of M Teamsters Strike Ends, Farm Aid Concert Secured

The University of Minnesota and its 1,400 service workers, represented by the Teamsters, reached a deal ending a strike that threatened the upcoming Farm Aid concert, with the union securing a 3.5% wage increase, allowing the concert to proceed as planned on September 20. The strike involved issues over wages and contract negotiations, and the resolution was aided by late involvement from Governor Tim Walz. The event celebrates its 40th anniversary and continues to support farmers in crisis.

via Star Tribune|
#farm-aid-concert#strike#teamsters
Costco Faces Strike Threat Amid Teamsters' Labor Dispute
business1 year ago

Costco Faces Strike Threat Amid Teamsters' Labor Dispute

Costco has rejected nearly all proposals from the Teamsters union, including key protections for workers, as the contract deadline approaches. The Teamsters accuse Costco of not bargaining in good faith and taking an anti-union stance, with unfair labor practice charges filed against the company. The union demands a contract that reflects Costco's significant profits and improves working conditions for its employees. If an agreement is not reached by January 31, 2025, over 18,000 workers may strike.

via International Brotherhood of Teamsters|
#business#costco#labordispute
"Unions and White House Outraged by Teamsters Leader's RNC Speech"
politics2 years ago

"Unions and White House Outraged by Teamsters Leader's RNC Speech"

Teamsters President Sean O’Brien’s speech at the Republican National Convention, where he praised Donald Trump and criticized corporate greed, has sparked outrage among White House officials, congressional Democrats, and labor leaders. They view his appearance as a betrayal, given the Biden administration's support for union priorities. O’Brien’s decision to speak at the RNC and his refusal to endorse any candidate has caused significant internal and external strife within the labor movement and Democratic circles.

via The Washington Post|
#labor-unions#politics#republican-national-convention
"Teamsters President's RNC Speech Sparks Controversy Over Trump Endorsement"
politics2 years ago

"Teamsters President's RNC Speech Sparks Controversy Over Trump Endorsement"

Sean O’Brien, president of the International Brotherhood of Teamsters, delivered a notable speech at the Republican National Convention, highlighting the union's nonpartisan stance and the need for bipartisan support for workers. Despite not endorsing Trump, O’Brien's appearance underscores the union's focus on worker benefits over party affiliation, creating potential shifts in union household votes that could impact the upcoming election.

via CNN|
#biden#politics#rnc