Paramount Defends Warner Bid Amid California Probe
Paramount says the combined studio would release 30 films a year and keep a 45-day theatrical window as it faces antitrust review.
- Paramount Chief Legal Officer Makan Delrahim defended the proposed Warner Bros. Discovery merger in a letter to California Attorney General Rob Bonta, pledging to maintain theatrical film releases and staffing levels.
- The defense follows growing opposition from Hollywood, where more than 5,000 filmmakers signed an open letter protesting the transaction amid fears the leveraged buyout will cause job losses and reduce movie slates.
- Delrahim pledged to release at least 30 films annually with a minimum 45-day exclusive theatrical window, while disputing industry claims that the combined studios would control 35% of the domestic box office.
- Bonta's office stated the acquisition remains an active investigation with no updates to share, despite the firm citing support from AMC Entertainment CEO Adam Aron in its defense.
- Arguing that three streaming giants dominate 65% of viewership, Delrahim distinguished the current deal from the 2019 Disney-Fox merger, claiming the consolidation is necessary to compete in the modern entertainment ecosystem.
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The Attorney General of California is investigating a possible violation of competition law by Paramount Skydance, who wants to buy back Warner Bros.
Conglomerate Paramount Skydance defended his attempt to buy the Hollywood studio Warner Bros Discovery in a letter to the California Attorney General, investigating a possible violation of competition law, reported several media on Tuesday.
Paramount Defends Warner Bros. Merger In Letter To California AG
Paramount defended its proposed merger with Warner Bros. Discovery to California Attorney General Rob Bonta, who is considering an antitrust challenge to the transaction. In a letter to Bonta last week, Paramount’s chief legal officer, Makan Delrahim, said that the combined companies would have the incentive to boost theatrical distribution, not reduce it. Delrahim wrote, […]
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