Paramount-WBD Deal Architect Gerry Cardinale Says Most Of $6B In Expected Cost Savings Will Not Be Layoffs
Gerry Cardinale, Paramount board member and principal architect of the company’s imminent merger with Warner Bros. Discovery, insists that most of the deal’s cost savings will not come from layoffs. The company has promised investors it will deliver $6 billion in cost savings from the $110 billion transaction, but Cardinale maintains that non-labor costs will […]
Read the full story at Deadline - Film
Advertisement
Films mentioned
More film news
- Vietnamese Horror ‘Arithmadtic’ Leads Bee Entertainment’s Busan Market Slate, With New Film From ‘The Corpse’ Director
- Cambodian Remake of Korean Mother-Daughter Drama ‘Wedding Dress’ Leads Abnormal Studios’ Busan Market Slate (EXCLUSIVE)
- ‘Exorcism of God’ Director Alejandro Hidalgo to Helm Malaysian Hungry Ghost Festival Horror ‘The Hungry One’ (EXCLUSIVE)
- Craig Zobel & Blumhouse Teaming On ‘Something Is Killing The Children’
- Danny Trejo Insists He’s “Pro-Immigrant” & “Proud Mexican” Amid Backlash To Daily Wire’s ICE Film: “Make No Mistake”