US Edition
Paramount CEO David Ellison Outlines Massive $6 Billion in Cost Savings After The Warner Bros. Discovery Merger
- Recently, Paramount Skydance CEO David Ellison projected more than $6 billion in cost savings from the merger at a town hall at the Steven J. Ross Theater in Burbank with around 160 in-person and more than 300 remote attendees.
- Shortly after securing the $111 billion acquisition of Warner Bros. Discovery, Paramount filed for DOJ approval in December and the review clock started after a key deadline passed last month.
- Ellison said cost cuts would target non-personnel areas, focusing on vendor contracts and administrative functions alongside a unified platform, backend infrastructure, centralized real estate, and internalized content licensing.
- The International Brotherhood of Teamsters urged the DOJ to sue and submitted concerns Thursday, while California Attorney General Rob Bonta opened an investigation and warned of potential state litigation.
- The transaction would combine legacy film studios, television production units and news organizations CBS News and CNN, with Larry Ellison personally guaranteeing $45.7 billion in equity while the company assumes more than $60 billion in debt.
18 Articles
18 Articles
Teamsters Union Says DOJ Must Block Paramount’s Warner Bros. Takeover Unless There Are ‘Enforceable’ Job Protections
The International Brotherhood of Teamsters has urged the Justice Department to block Paramount Skydance’s $111 billion deal to acquire Warner Bros. Discovery unless Paramount agrees to “substantial and enforceable safeguards” against job cuts and supporting increased U.S. production. The union said it told the DOJ this week that the proposed merger between Paramount Skydance and […]
Teamsters urge DOJ to block Paramount's Warner Bros. merger
The International Brotherhood of Teamsters, the union that covers warehouse workers, drivers and a diverse collection of other laborers, has come out against Paramount Skydance's merger with Warner Bros. Discovery. In a press release, the Teamsters announced that it has submitted a report to the US Department of Justice's Antitrust Division outlining its concerns about the impact of the deal, and is urging the DOJ to intervene in the merger."Thi…
Teamsters Call For DOJ To Block Paramount-Warner Bros. Merger
The International Brotherhood of Teamsters is calling on the Justice Department to sue to block Paramount’s proposed merger with Warner Bros. Discovery unless “substantial and enforceable safeguards are put in place to increase domestic production and protect jobs.” In an announcement on Thursday, the union said that it had submitted its concerns to the DOJ’s Antitrust Division. “This merger threatens the livelihoods of the very workers who …
Teamsters Call on DOJ to Stop Paramount-Warner Bros. Merger: “We’ve Seen What Happens When Corporations Consolidate Power”
Leadership of the International Brotherhood of Teamsters is calling on the Department of Justice to block the proposed Paramount-Warner Bros.
Will James Gunn Become DC's Taylor Sheridan? His Conspicous Absence From David Ellison's First Meeting Explained
Is James Gunn leaving DC Studios? This is the lingering question after the Superman director failed to show up for the first meeting with his incoming boss. A lot at DC Studios now depends on the answer to this question, which, in turn, depends on the version of David Ellison that meets James Gunn when the ongoing Warner Bros.Discovery-Paramount Skydance merger is completed. The formal excuse for Gunn’s absence will likely be that he was held up…
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