As we just heard, Paramount's recent merger with Skydance is fueling major concerns about

editorial control at CBS. At the same time, Paramount is engaged in a battle with Netflix to

buy Warner Brothers Discovery. Paramount's most recent bid was rejected in part over financing.

But today, Larry Ellison, the father of Paramount CEO David Ellison,

personally guaranteed $40 billion as part of an effort to revive that bid.

But Netflix proposed $83 billion offer is still considered the favorite for now.

Talk of this deal has triggered widespread fears in Hollywood about what this could mean

for the creative industry. Our senior arts correspondent, Jeffrey Brown, gets some perspective

from one of the leading unions. It's part of our arts and culture series, Canvas.

One key opponent to the deal is the Writers Guild of America, whose members have a lot at stake.

Joining me now is president of the WGA West, Michelle Mulroney. And thanks so much for joining us.

Now, you have come out strongly opposed to this deal. What's your chief concern?

Our members are very concerned about this merger because we've seen in the past that

mergers always promised benefits, but they inevitably lead to fewer jobs for industry workers,

mass layoffs and diminished competition in the marketplace.

What have you seen in the past that causes that?

We only have to look a few years back to the Disney and Fox merger where there were a lot of

promises that this merger would mean more production, more programming, but in fact the opposite

has happened in 2016 pre-merger. These two entities were putting out about 25 movies a year,

and last year they only put out 14.

So that's just an example of the way that, unfortunately,

these mergers and acquisitions often cause contraction in the marketplace.

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