PARAMOUNT UPDATE: Things are reportedly tense at Warner Bros. in Burbank.
A Zoom call with roughly 500 senior staffers Wednesday did little to calm nerves after California AG Rob Bonta and 11 other state AGs reached a settlement with Paramount, clearing the major legal hurdle to its Warner Bros. Discovery merger.
The California-led agreement protects Warner Bros.โ Burbank studio and Paramountโs Melrose lot from being sold or closed for five years and includes a $47.5M fund for workers displaced by the merger.
Still, concerns remain over possible Hollywood job cuts as Paramount targets billions in savings from the deal. More soonโฆ