By Gene Maddaus
Plus IconGene Maddaus
Senior Media Writer
@GeneMaddaus See All
Getty Images The merger of Paramount and Warner Bros. could cost about 4,500 film and TV jobs over three years, according to a new report issued by Los Angeles County.
The report, prepared by CVL Economics, argues that the merger would accelerate the downturn in L.A. production, which has already cost 52,000 jobs over the last four years. The report also notes that the combined company would face significant pressure to reduce costs in order to pay down debt, which could entail moving production out of Los Angeles and consolidating slates.
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