A Consolidated Industry, a Threatened Economy The proposed merger between Paramount and Warner Bros. Discovery has been met with intense scrutiny from Los Angeles County officials, who claim it could jeopardize over $2.
78 billion in economic value. The merger's potential benefits for the industry are being touted by its proponents, but a closer look at the numbers reveals a more complex picture. The L. A.
Department of Economic Opportunity and CVL Economics report highlights significant job losses that would result from the consolidation of these two major studios.