Hollywood Reacts to the Paramount Merger Settlement: 'Layoffs Will Follow'

Hollywood reacted with shock and dismay when news of the Paramount merger settlement landed. On Monday, news rolled in that Paramount and 12 state attorneys general agreed to a settlement, clearing the final hurdle for the $110 billion merger with Warner Bros. Discovery. It led to plenty of people taking to social media to vent about the news. "Today, billionaires have yet again bribed, censored and bullied their way to the top," former FTC commissioner Alvaro Bedoya said on social media. "As a result, a billionaire media conglomerate closely allied with the president will soon own one . . .