Writers Guild Sues Paramount, Claiming Warner Bros. Acquisition Would Take Away Jobs
The guild says the $111 billion deal would cut competition, lower writers’ pay and reduce output as the merged company carries $79 billion in debt.
4 Articles
4 Articles
Paramount Under Siege; Netflix's Slump;10 Worst Jobs in Hollywood
Rough week for Paramount and Netflix. David Ellison now faces three new legal challenges to his company’s acquisition of Warner Bros. Discovery — a lawsuit filed Monday by 12 state attorneys general, a second brought Tuesday by the Writers Guild of America and a third from PSKY shareholders on Wednesday. Within hours of the AGs’ action, Elaine Low had an expert, forward-looking report on the strength of their case and how it will proceed (plus i…
Writers Guild sues Paramount, claiming Warner Bros. acquisition would take away jobs
The Writers Guild of America sued Paramount Skydance on Tuesday, alleging that the company’s planned $111 billion acquisition of Warner Bros. Discovery violates federal antitrust law. The union said that with fewer competitors, the merged Paramount-Warner Bros. Discovery business would…
Writers Guild Of America Also Sues Paramount, Citing Looming Merger Layoff Bloodbath
Not long after twelve states sued Paramount claiming its $111 billion merger with Warner Brothers would harm market competition, the Writers Guild of America (WGA) filed their own lawsuit, warning that the massive debt load from the media industry’s latest megamerger will result in an ocean of layoffs for an already reeling U.S. entertainment industry. The lawsuit notes that the current film industry is dominated by just five players: Disney (AB…
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