Paramount-WBD Deal Architect Gerry Cardinale Says Most Of $6B In Expected Cost Savings Will Not Be Layoffs

Paramount-WBD Deal Architect Gerry Cardinale Says Most Of $6B In Expected Cost Savings Will Not Be Layoffs

Gerry Cardinale, Paramount board member and principal architect of the company’s imminent merger with Warner Bros. Discovery, insists that most of the deal’s cost savings will not come from layoffs. The company has promised investors it will deliver $6 billion in cost savings from the $110 billion transaction, but Cardinale maintains that non-labor costs will […]

RedBird Founder Says Majority of Paramount-WBD Merger Cost Savings Won’t Come From Jobs

While Hollywood is bracing for a bloodbath when Paramount closes its acquisition of Warner Bros. Discovery, the company's biggest backer said those fears are overblown.

Paramount Dealmaker Says Warner Merger Is About Growth, Not Cuts

Gerry Cardinale, founder of RedBird Capital, says the Paramount Skydance Warner Bros. merger will drive meaningful growth, not just cost-cutting, despite industry concerns.