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After rejecting Skydance’s offer to merge two weeks ago, Paramount Global new co-CEO troika of Brian Robbins, George Cheeks and Chris McCarthy told a packed company town hall of 500 at the studio’s Melrose Lot Paramount Theater what progress has been made since the annual shareholders meeting three weeks ago, and what the company’s path will be going forward. In sum, bankers have been hired to explore the sale of “certain Paramount owned assets” per Cheeks, while layoffs are on the horizon as the conglom looks to achieve a half billion in cost savings.

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11,000 Los Angeles City Workers Initiate 24-Hour Strike, Will Picket Overnight At City Hall, LAX Other Locations

Amid the ongoing SAG-AFTRA and WGA strikes, more than 11,000 Los Angeles city workers are initiating a one-day walkout throughout the city today to protest contract negotiations between union officials and city leaders.

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Dispatches From The Picket Lines, Day 52: NYC Pols Back Striking Writers At City Hall Rally

Spike Lee was not on the speakers list at a rally Thursday morning for striking film and television writers outside City Hall in New York. But one of the Brooklyn-born filmmaker’s best-loved movies, 1989’s Do the Right Thing, kept cropping up as local elected officials took turns calling for studio executives to resume negotiations with the Writers Guild of America and help end a strike now in its eighth week.

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