Washington, DC – Today, U.S. Senator Adam Schiff (D-Calif.) released the following statement on Paramount Skydance Corporation’s proposed acquisition of Warner Bros. Discovery.
“What was true for Netflix is still true now for Paramount. The merger of two of Hollywood’s biggest studios must be subject to the highest levels of scrutiny, free from White House political influence, to determine its impact on American jobs, freedom of speech, and the future of one of our nation’s greatest exports.
“We need to bring moviemaking back to our shores, increase production, and invest in our workforce. For the sake of America’s moviemaking workforce and movie lovers everywhere, I will continue to push all parties to do their part.”
Background: Earlier this month, Senator Schiff sent a letter to Netflix Co-CEOs Ted Sarandos and Greg Peters, and Paramount Skydance Corporation CEO David Ellison, pressing for concrete commitments to protect California jobs and American workers as both companies were at the time pursuing the acquisition of Warner Bros. Discovery.
Schiff is also working to advance bipartisan legislation to establish a federal film tax incentive, modeled after successful state programs like California’s, to help the United States remain competitive in the global market and encourage domestic filming.
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