Karen Bass Calls For Paramount-Warner Bros. Discovery Settlement
The Hollywood Reporter • • entertainment
Key Points:
- Los Angeles Mayor Karen Bass has shifted her stance on the Paramount-Warner Bros. Discovery merger, urging a quick settlement on the ongoing antitrust lawsuit to reduce uncertainty affecting jobs and productions in the industry.
- Bass emphasized the need for enforceable commitments to maintain jobs, productions, and investments in Los Angeles, highlighting the economic risks posed by the merger.
- A recent report estimated that the merger could threaten thousands of jobs and result in $1.26 billion in lost wages and $2.78 billion in lost economic value in L.A.
- The Writers Guild of America West sharply criticized Bass, accusing her of siding with corporate interests over protecting local industry workers and upholding the law.
- Several major entertainment organizations, including Cinema United, DGA, and IATSE, have also called for a swift resolution to the lawsuit to avoid prolonged industry uncertainty.
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