Post by Los Angeles County Department of Economic Opportunity

🎬 New interim report released. DEO, the LA County Film Office, and the County Chief Executive Office have released initial findings on the potential economic and workforce impacts of Paramount Skydance’s proposed acquisition of Warner Bros. Discovery. The report was commissioned in response to a March 17, 2026 motion authored by Supervisor Lindsey P. Horvath and approved by the Los Angeles County Board of Supervisors. Key findings include: 📊 Up to 2,495 local positions may be exposed to consolidation-related workforce impacts 💰 Approximately $82 billion in combined debt 📉 More than $6 billion in projected consolidation savings could increase consolidation pressures 🎥 Only 1 of 19 theatrical releases reviewed from 2025 was primarily filmed in California The final report, expected in August 2026, will include additional analysis and recommendations to support workers, businesses, and the long-term resilience of LA County’s entertainment economy. 📄 Read the report: bit.ly/LACFilmOffice 📰 Read the full press release: https://lnkd.in/dPnAKbcT