Paramount-Warner Bros. Merger Faces Pushback over Mass Layoff Concerns
- On Monday, 12 states and the Writers Guild of America settled antitrust lawsuits against Paramount Skydance, removing final barriers for the $111 billion Paramount-Warner Bros. merger that will reshape Hollywood.
- California Attorney General Rob Bonta announced terms requiring Paramount to increase U.S. film production, honor union agreements, and form an editorial independence board to "establish guiding editorial and journalism principles" for CBS News and CNN.
- While New York joined the settlement, Connecticut Attorney General William Tong remained a holdout, expressing disappointment that full divestiture of media assets was not required to preserve independent journalism.
- Criticizing the settlement on Tuesday, New York City Mayor Zohran Mamdani called it a "shameful monument to corruption," arguing the merger hands excessive power to billionaire CEO David Ellison while reducing scrutiny on federal leaders.
- Paramount's commitments include $1.5 billion in new domestic film production, a factor New York Attorney General Letitia James cited while defending the deal against critics who fear reduced media competition and accountability.
25 Articles
25 Articles
Wonder Woman’s Patty Jenkins Gives Honest Verdict on Paramount-Warner Bros. Merger
Wonder Woman director Patty Jenkins recently spoke about the Paramount-Warner Bros. merger. Many actors, directors, and other industry professionals have expressed concerns about the merger since news of it first broke, with thousands signing an open letter opposing it. Patty Jenkins says Paramount-Warner Bros. merger news is ‘such chaos’ Patty Jenkins recently attended Tribeca and […] The post Wonder Woman’s Patty Jenkins Gives Honest Verdict o…
Rob Bonta's body language at Warner Bros. presser indicates he has his eye on higher office: expert
Like many, Page Six Hollywood was mystified on Monday morning when we learned that California AG Rob Bonta unexpectedly settled his battle with the Ellisons over the future of Warner Bros. Since the announcement, there’s been no shortage of hot takes and intel on why Bonta caved, but none seemed completely satisfactory. So we enlisted...
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Paramount’s looming acquisition of CNN parent company Warner Bros. Discovery is reportedly sending shivers down the collective spines of news gathers at the 46-year-old outlet.
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