Browsing: merger

It has been months in the making but Paramount Skydance has finally completed its $110bn (£82.8bn) merger with Warner Bros Discovery.

A photo illustration depicts the Paramount and Warner Bros. logos merging. Columnist Emilio Lois argues that this merger will hurt Los Angeles’ economy. (Photo by Crystal Tompkins/Daily Bruin senior staff. Photo illustration by Haley Park/Illustration & Cartoons director)

In an aerial view, the Warner Bros. logo is displayed on the water tower at Warner Bros. Studio in Burbank, California, Sept. 21. bank-TNS

Merger filings from one of Hollywood’s biggest consolidations tell a very different story about job losses than the one studio executives keep repeating in public. The real culprits are hiding in the debt schedules and settlement terms.

A new report is putting hard numbers on a fear that has been building in Hollywood for months. If the Paramount Skydance and Warner Bros. Discovery merger goes through, Los Angeles County could lose about 4,500 direct film and television jobs over the next three years.

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The fakakta Paramount-Warner Bros. Discovery merger is in the news again, because of court proceedings culminating at the end of the week, so let’s check on the state of things. In short: bad! A dozen state attorneys general, including the one from California, which we will come back to, have filed for a temporary restraining…