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Lawmakers Scrutinize Paramount's $111B Warner Bros. Takeover

3/21/2026

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Summary

Story summary

Paramount's proposed $111-billion takeover of Warner Bros. Discovery would place HBO and CNN under the control of Larry and David Ellison.
A hearing led by lawmakers including Sen. Adam Schiff raised concerns about job losses and newsroom independence.
David Ellison aims to increase film output.
The hearing highlighted 42,000 Hollywood jobs lost since 2022.
The hearing also discussed potential U.S. film tax incentives to retain production.

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Story summary

Paramount's proposed $111-billion takeover of Warner Bros. Discovery would place HBO and CNN under the control of Larry and David Ellison.
A hearing led by lawmakers including Sen. Adam Schiff raised concerns about job losses and newsroom independence.
David Ellison aims to increase film output.
The hearing highlighted 42,000 Hollywood jobs lost since 2022.
The hearing also discussed potential U.S. film tax incentives to retain production.