BURBANK, Calif. — California lawmakers raised concerns about the proposed $111 billion merger between Warner Bros. and Paramount during a hearing Friday at Burbank City Hall, which is home to thousands of employees and businesses that rely on the storied studio to make a living.
Members of Congress, including Sen. Adam Schiff and Rep. Laura Friedman, questioned whether the deal could lead to layoffs and reduce competition in an industry already facing a production slowdown.
As regulators review the merger, which is aiming to close in 6 to 18 months, the outcome could shape the future of Hollywood jobs and the entertainment millions of Americans watch.
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