Warner Bros. Discovery and Paramount Skydance Expect Delay in Closing Deal

Paramount Slams State AGs’ Suit As “One Of The Weakest Merger Challenges In Modern Antitrust History” Ahead Of TRO Hearing

Paramount called State AGs' motion for a temporary restraining order on its merger with Warner Bros. one of the weakest challenges in modern antitrust history.

Hollywood Power Grab Sparks State Uprising

The real issue in Tennessee’s push is not whether Paramount Skydance can buy Warner Bros. Discovery; it is whether state antitrust enforcers can still stop a deal that federal regulators have already waved through, by arguing that Hollywood concentration can damage consumers even when the industry claims scale is necessary to survive. Intro Header California...

Paramount Slams States’ Lawsuit Over Warner Bros. Merger as ‘One of the Weakest’ in Modern History

Paramount Skydance began to lay out its legal argument Thursday against an antitrust lawsuit brought by a dozen states, calling it “one of the weakest merger challenges in modern antitrust history.” Paramount’s lawyers filed an opposition to the states’ motion for a temporary restraining order, which would pause the $111 billion merger with Warner Bros. Discovery. In it, Paramount argued that the states’ claim that the merger will harm competit…

Warner Bros. Discovery and Paramount Skydance expect delay in closing deal

(CNN, KYMA) - Media insiders expect the brakes to be pumped on Paramount Skydance's purchase of Warner Bros. Discovery (WBD). Attorneys general from 12 states, including Arizona and California, asked a federal court to issue a temporary restraining order against the deal, saying it violates antitrust law. People close to the matter believe the restraining order will be granted. If that happens, it will trigger a process that could take months to…

Hollywood’s Labor Market Just Lost a Bidder, and Nobody in Washington Noticed

Last month, the Justice Department cleared the merger between two giants of the entertainment industry, with Paramount agreeing to pay $110 billion to take over Warner Bros. Discovery. The Antitrust Division ostensibly looked at the markets for streaming, cable, and movie studios, and evidently felt the merger would not generate anticompetitive effects. That sentiment was not shared, however, by the twelve states that sued to block the merger da…