Paramount is accusing Netflix of a “global campaign” against the WBD merger

“More movies and production lists mean more sheets, more days, more transportation, casting jobs, and meals,” Delrahim wrote.

Especially, in a Changes in stock prices for January SECParamount said it expects Paramount-WBD to spend less on things as a combined company. Operating costs are down by less than 10 percent, and there are no potential revenue cuts from “film/TV studios,” the filing said.

Paramount CEO and chairman David Ellison has said that after the merger, Paramount will release at least 30 films a year, with each film in theaters for at least 45 days. Ellison has been making this promise publicly ever since. at least in February.

A large combination of WBD can lead to the termination of the operation

Delrahim’s letter provides a good overview of the work and what ends up happening after the merger; however, Paramount has previously stated that a merger with WBD would hurt operations as the combined company looks to save more than $6 billion. The cost reductions can be attributed to “repetitive functions in all areas of the business – primarily office, finance, corporate, legal, technology, infrastructure and real estate,” Paramount said. January SEC stock price changes.

Wonderful, harmonious Paramount and WBD could bag $79 billion he is in debt.

In a statement to the DOJ, Delrahim said the combined company would not reduce the number of productions, “studio workers, or professional services that the Teamsters and other unions represent.”

Delrahim blames the combination of anxiety on fear-mongering, anti-Semitism

Although Netflix canceled its contract purchase of Paramount in February, Delrahim believes that Netflix is ​​trying to turn people away from the big purchase of WBD. His letter reads:

Netflix has tried to convince the Teamsters and other stakeholders that the acquisition of Disney (2019) Fox (21st Century) interfered with the creation of content that has a chance to work. To be honest, Netflix’s “sky is falling” stories are very different from the reality of what actually happened.

In its March letter, The International Brotherhood of Teamsters pointed to Disney’s acquisition of 21st Century Fox as an indication of what would happen if Paramount bought WBD. The merger of Disney’s Fox studios resulted in “removal of production units, significant job losses, and job cuts.”