AI & Jobs Paramount-Warner Bros. Deal Clears Its Last Hurdle. Thousands of Jobs Are Next
Paramount Skydance settled its antitrust lawsuit with 12 state attorneys general on September 21, clearing the final hurdle to its $110B acquisition of Warner Bros. Discovery. The settlement locks in a $47.5M worker fund and film-release quotas, but nothing in it stops the layoffs analysts and LA County both say are coming: as high as 4,500 jobs over three years.