Hollywood Reacts To States Suing Over Paramount-WBD Merger
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Several Hollywood trade organizations are in support of a dozen state attorneys general who filed suit Monday to block Paramount 's $110 billion acquisition of Warner Bros. Discovery. Unsurprisingly, the Writers Guild of America - which has loudly opposed the merger since the beginning of this saga - is chief among them. Following the news that the long-anticipated litigation had finally been filed in federal court in Sacramento, the WGA East and West wrote in a joint statement: "The merger of two of the largest Hollywood studios will reduce competition in our industry, leading to fewer jobs, lower wages for entertainment workers, less variety of programming, and higher prices for consumers. We have engaged with the offices of many State Attorneys General to explain the impact of this proposed merger, and we commend Attorney General Bonta and this coalition of states for listening to working people in the entertainment industry and fighting to stop this dangerous merger." WGA West President Michele Mulroney called the move "one of the worst proposed mergers we've seen," while eastern division chief Tom Fontana said the effects of the acquisition would create an "absolute, unmitigated disaster." The writers guild was not alone in voicing support for the state AGs' lawsuit. Cinema United, an American trade organization whose members are the owners of movie theaters, also...
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