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Hollywood is not just another sector of our economy. It is part of our culture, one of our great global competitive advantages, and a source of well-paying jobs for hundreds of thousands of Californians.
From soundstages in Los Angeles to post-production facilities, visual effects shops, small vendors, independent contractors and family-owned businesses across the state, the movie and television industry supports an ecosystem that has taken generations to build and sustain.
California leaders are right to take seriously their responsibility to protect and strengthen that ecosystem and the workforce that depends on it.
The proposed $111 billion merger between Paramount and Warner Bros. Discovery warrants a careful and rigorous review grounded in facts, market realities and established antitrust principles. Antitrust enforcement is an essential, vital tool when a merger is likely to reduce competition, raise prices, suppress wages or limit consumer choice.
