Paramount-WB Deal Could Cost LA 4,500 Film and TV Jobs and $2.8 Billion, Study Finds
Over 5,800 indirect or induced jobs from related small businesses could also be at risk over the next three years The post Paramount-WB Deal Could Cost LA 4,500 Film and TV Jobs and $2.8 Billion, Study Finds appeared first on TheWrap .
The proposed merger between Paramount and Warner Bros. Discovery could result in the loss of 4,500 film and TV jobs in Los Angeles County over the next three years, according to a study conducted by CVL Economics and the Department of Economic Opportunity. Additionally, the economic impact of these job losses would amount to $1.26 billion in wages, $2.78 billion in economic value, $4.06 billion in total business output, and $547 million in tax revenue.
The study also highlights the potential loss of 10,360 job years, including 2,661 indirect jobs at small businesses that support production and 3,204 induced jobs that exist because film and TV workers spend money in the local economy.
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