“Lights, Camera, Competition”: Schiff Hosts Spotlight Hearing to Fight for American Film Production
Press Freedom Threats: Testimony highlighted a coordinated effort to control media narratives, citing Trump's Truth Social posts praising media consolidation and FCC Chairman Brendan Carr's threats against broadcasters rtakeawayA congressional hearing in Burbank addressed the economic crisis in the American film industry, driven by offshoring, the Paramount-Skydance-Warner Bros.summaryMerger Risks: The proposed $110 billion acquisition of Warner Bros. Discovery by Paramount Skydance combines two of the five remaining major studios. Witnesses warn this consolidation leads to layoffs, reduced diversity takeaway
