12 States Sue to Block Paramount-Warner Bros. Merger
A coalition of 12 states files a lawsuit to prevent the Paramount-Warner Bros. merger.
10 sources covering this story
The left won’t let the Paramount — Warner Bros. Discovery merger happen without a fight. And California, to no one’s surprise, is leading the charge.
A Paramount-Warner combo would bring together two of Hollywood's last five legacy studios.
The states claim the $110bn acquisition would limit competition in the TV and film industries.
A group of states, including California, filed a lawsuit to block the merger between Paramount and Warner Bros. Discovery.
A dozen state attorneys general are trying to block the $110 billion merger of Paramount and Warner Bros Discovery they warn would raise movie prices and crush cable TV distributors. The states - California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington - filed suit on Monday, arguing the combination would illegally harm competition and create a "media behemoth." Last month, the Justice Department declined to block the merger in a decision that The Wall Street Journal reported surprised career staff who were leaning toward recommending a lawsuit. In an exit intervi … Read the full story at The Verge.
NEW YORK (AP) — Twelve states challenged Paramount’s takeover of Warner Bros. Discovery on Monday, filing a lawsuit that argues the $81 billion mega merger would “extinguish competition” in Hollywood and threaten jobs across the industry. The post Video: California Leads 12 Democrat State AGs in Lawsuit to Stop Paramount’s Takeover of Warner Bros. Discovery appeared first on Breitbart.
The suit poses a new challenge to the $110 billion deal that would unite two of the nation's largest media companies.
A dozen state attorneys general on Monday filed a joint lawsuit seeking to block Paramount’s pending takeover of Warner Brothers Discovery, the sprawling media company that owns one of the world’s largest movie and television studios and cable news channel CNN. The deal would harm competition and have a negative impact on the business of…
Twelve state attorneys general filed a lawsuit challenging Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery. NBC News' Allie Canal breaks down how the lawsuit says consumers could be impacted and what it could mean for Paramount.
California is among the states suing to block Paramount from buying Warner Bros. Discovery in a Hollywood mega-merger that would unite some of the nation's largest movie studios and TV newsrooms.