Paramount CEO David Ellison ventured onto the Warner Bros lot on Tuesday for a meeting with top execs at Warner Bros. Discovery, addressing the troops at a delicate time.
About 200 top execs from across WBD, spanning the Warner film and TV studios, HBO, HBO Max and other areas gathered for the session at the Steven J. Ross Theatre on the Burbank, CA lot. Paramount has agreed with WBD on a $110 billion takeover, intending to close it by the latter part of the year.
Projections by Paramount’s management team that at least $6 billion in cost savings will result from the merger have made all of Hollywood nervous, but especially the workforce at WBD. The phrase “cost savings” is often shorthand for layoffs. In recent days Ellison, investor and board member Gerry Cardinale and others from Paramount have taken pains to stress that the savings target will be
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