Paramount-Warner Bros. Discovery merger could reshape California's creative economy, opinion argues
By
Dania Maxwell
Summary
This opinion piece argues that the proposed merger between Paramount and Warner Bros. Discovery should be evaluated not just on antitrust grounds but also on its potential impact on California's creative economy, particularly small businesses and AAPI (Asian American and Pacific Islander) entrepreneurs. The author contends that the entertainment industry's growth supports a vast ecosystem of small businesses — from caterers and costume shops to lighting vendors and post-production houses — that rarely appear on screen but are vital to the state's economy. The piece urges regulators to consider how consolidation could affect these smaller players, including AAPI-owned businesses that have long been part of Hollywood's supply chain.
Source
bskyParamount-Warner Bros. Discovery merger could reshape California's creative economy, opinion arguesbit.lyKey quotes
· 3 pulledCalifornia's creative economy supports thousands of businesses that never appear on the screen. As the industry grows, so do businesses.
Regulators should weigh how the Paramount-Warner Bros. Discovery merger affects California's small businesses, AAPI entrepreneurs and the creative economy.
The Warner Bros Studio lot is seen from the street in Burbank on Wednesday, June 2, 2021 in Los Angeles.
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