Rushfield: Hollywood’s merger wave is strip-mining, not saving, the industry
The Ankler’s Richard Rushfield argues that Hollywood has adopted a private-equity playbook of acquire, consolidate, slash costs and extract value, pointing to Warner Bros. employees enduring cuts through the AT&T, Discovery and now Skydance eras while executive pay climbs.
Why it matters. Studio employees should expect each new merger to bring more debt and layoffs rather than stability, as dealmakers and executives capture the gains.
Signal from The Ankler · Richard Rushfield · read the original.
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