Story perspectives

Paramount's CEO Promises Job Security Amid Merger Talks

3/20/2026

Summary

Story summary

David Ellison, CEO of Paramount, addressed California lawmakers about the merger with Warner Bros. Discovery.
He said the merger would preserve and potentially increase Hollywood jobs by keeping separate operations and producing 30 films annually.
Lawmakers including Senator Adam Schiff and Representative Laura Friedman said commitments must be concrete beyond promises.
The letter arrives as the merger awaits shareholder approval amid concerns about industry job losses.

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Story summary

David Ellison, CEO of Paramount, addressed California lawmakers about the merger with Warner Bros. Discovery.
He said the merger would preserve and potentially increase Hollywood jobs by keeping separate operations and producing 30 films annually.
Lawmakers including Senator Adam Schiff and Representative Laura Friedman said commitments must be concrete beyond promises.
The letter arrives as the merger awaits shareholder approval amid concerns about industry job losses.