Paramount Official Asks California To Start Settlement Talks
The company says a settlement would clear the last legal hurdle and avoid more than $1.9 billion in added delay costs, it said.
7 Articles
7 Articles
Paramount Official Asks California To Start Settlement Talks
Paramount Skydance Corporation is publicly calling on the attorneys general of California and eleven other states to begin settlement negotiations to resolve ongoing antitrust litigation that is currently delaying the company’s proposed acquisition of Warner Bros. Discovery. The entertainment conglomerate recently announced that it has successfully secured regulatory clearance from nearly seventy global jurisdictions, leaving […] The post Paramo…
David Ellison Says Paramount Has Offered ‘Concessions and Commitments’ on Warner Bros. Merger, Urges AGs to Reach Settlement
Paramount Skydance CEO David Ellison is urging 12 state attorneys general to resolve their lawsuit against its pending Warner Bros. Discovery merger as the $110 billion deal has satisfied all regulatory conditions across 68 countries. “We are grateful that competition authorities in nearly 70 jurisdictions worldwide have independently and thoroughly reviewed this transaction and reached the same conclusion: it is pro-competitive, pro-consumer an…
Tide turns in Paramount-Warner Bros. legal battle as California AG faces increased pressure to settle
While many Hollywood staffers remain opposed to the Paramount-Warner Bros. deal, an increasing number are growing wary at the prospect of a lengthy legal battle that would effectively freeze a major studio for almost a year.
Purchasing Warner by Paramount faces lawsuits, billion dollar costs and a threat of exit from California, jeopardizing Hollywood's future.
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