Report projects 4,500 Los Angeles production job losses from Paramount-Warner merger
A Los Angeles County report projects that the Paramount-Warner Bros. merger could eliminate about 4,500 film and television production jobs over three years.
In short
- A Los Angeles County report projects that the Paramount-Warner Bros.
- merger could eliminate about 4,500 film and television production jobs over three years.
A new report issued by Los Angeles County projects that the Paramount-Warner Bros. merger could cost about 4,500 film and television production jobs in Los Angeles over the next three years.
The analysis was prepared by CVL Economics, according to Variety. It argues that consolidation would deepen an existing contraction in the region’s production economy rather than create the downturn on its own.
The report says Los Angeles has already lost 52,000 production jobs during the past four years. Its 4,500-job estimate is a forecast tied to the merger’s expected effects, not a confirmed count of announced layoffs.
The findings add a local employment measure to the broader debate over consolidation in the entertainment business, where changes in ownership can affect studio operations, production spending and work available to crews. The estimate will depend on how the combined company organizes production after the transaction.
