WGA Gets No Writer Layoffs At CBS News, $17.5M For Health Fund As Guild Confirms Settlement Of Lawsuit Against Paramount-WBD Merger
The WGA has confirmed that its own lawsuit over the Paramount-Warner Bros. Discovery merger also has been settled, following the same move by the state attorneys general announced Monday morning by California AG Rob Bonta. In a statement, the guild acknowledged that it could not go it alone. “We continue to believe the merger will […]
The Writers Guild of America (WGA) has reached a settlement with Paramount Skydance, the studio opposing the Warner Bros. merger, according to the Associated Press. As part of the agreement, Paramount Skydance will contribute $17.5 million to the WGA health plan, cover the guild's legal fees from the lawsuit, and agree not to lay off employees at CBS News' broadcast division for five years.
The WGA expressed concerns about the potential harm the merger could bring to writers and the industry. Despite not successfully blocking the merger, the guild feels its advocacy raised awareness about the negative impacts that industry consolidation poses. They plan to continue fighting for industry-wide structural separation between streaming platforms and studios to promote competition in programming, similar to the Financial Interest and Syndication Rules that once guided broadcast television.
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