business / news / / Hartford Courant
California Democrats in Congress are raising concerns about Paramount Skydance’s proposed takeover of Warner Bros.
Thirty-four California Democrats urged Attorney General Rob Bonta to investigate the Paramount-Warner Bros. merger.
KEY POINTS
- Paramount expects $6 billion in cost savings, raising concerns about potential job losses.
- The combined company would assume $79 billion in debt, prompting fears of steep cost cuts.
- Lawmakers question the impartiality of Trump-era antitrust enforcement for this merger's federal review.
- David Ellison has pledged to maintain a release schedule of 30 films a year post-merger.
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