Paramount Skydance CEO David Ellison’s $6 billion in planned cost cuts as part of a merger with Warner Bros. Discovery has triggered fears of devasting layoffs as two of Hollywood’s largest studios and streamers move to combine, according to reports. Ellison reaffirmed his goal of $6 billion in “synergies” – or an erasure of duplicate teams – if Paramount Skydance achieves regulatory approval for its acquisition of WBD , including HBO Max, CNN, thousands of Warner film titles and 30 soundstages

Tag-uri: HBO