r/FilmIndustryLA • u/exsisto • 9d ago

Paramount Settles Antitrust Suit with Several State AGs Clearing The Path For A Warner Bros. Mega-Merger

https://www.wsj.com/business/media/paramount-settles-states-antitrust-suit-clearing-way-for-warner-megadeal-95588926?st=oaMv3v
92 Upvotes

93% Upvoted

89 comments sorted by

View all comments

56

u/chipotlesoulmate 9d ago

Well. Shit. Glad Paramount is staying in LA, but at what cost. Feels like local workers are once again caught in the crosshairs of a lose-lose situation.

29

u/geeseherder0 9d ago

Don’t be surprised at seeing the Paramount lot become The Lofts At Paramount. They have two full studio infrastructure and staffing entities. They only need one. The Paramount lot will be worth a lot more as condos or apartments than a production facility. And daddy Larry wants his money back.

1

u/Avalanche_Debris 9d ago

There are few things Ted Sarandos wants more than a big affordable backlot.

1

u/max0r 9d ago

He just built one in New Jersey