The fight over Warner Bros. Discovery continues and Paramount Skydance‘s David Ellison has laid out its plans to save $6 billion if it were to win the bidding. The purchase of WBD by Warner Bros. Discovery has kicked off new fears of massive job losses.

Paramount has stated it would look to cut “duplicative operations across all aspects of the business — specifically back office, finance, corporate, legal, technology, infrastructure and real estate.” It would also “shave” about 10% from program spending.

Ellison has stated he would look to release 30 movies a year from the combined Paramount Pictures and Warner Bros., leaving them as stand-alone studios. Warner Bros. is planning on releasing 17 films this year and Paramount has stated it wants to double its output to 15 movies.

If the merger were to happen, the combined company would spend about $30 billion a year on programming. Walt Disney Co. has plans to spend about $24 billion this year to compare.

Netflix has currently won the bidding war offering $27.75 per share in cash for just Warner Bros. television, movie studios, HBO, and HBO Max. The cable channels would be spun off into a new company. Paramount has offered $30 a share for everything.

Any deal still needs to be approved by shareholders and pass regulatory hurdles.

(via LA Times)