Most of Hollywood isn't celebrating the merger of two historic studios
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HOLLYWOOD, Calif. - The Paramount-Warner Bros Discovery merger is on track to close within two weeks after clearing its last major legal obstacle, but reaction across Hollywood remains far from unified. California Attorney General Rob Bonta announced Monday that his office, along with 11 other states, had reached a settlement with Paramount over antitrust concerns tied to the $111 billion deal. The states had argued that the merger could reduce film production, cut jobs and shrink economic activity in the industry. "The main concern that was raised was about production - less production, less movies being made, less jobs, less economic activity," Bonta said. "We addressed that, and then some." The settlement includes a commitment from the merged company to produce at least 30 films a year and invest $1.5 billion to keep production in the U.S. That pledge offered a rare bright spot for people like Blake Marvin, who is preparing to take over his family's prop house in Burbank. Founded by his grandfather in the 1960s, the business has struggled since the writers' strike slowed production across the industry. "Thirty movies a year is really big," Marvin said. "We've had a variety of projects over the last four or five years, but kind of trudging along. Feature films being back in LA is huge, and that's what we're really excited about." Not everyone shares his optimism: writers...
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