Paramount/WBD merger conditions give the public "virtually nothing," judge is told
- On Thursday, the Block the Merger coalition filed an emergency motion in California federal court, asking U.S. District Judge Araceli Martínez-Olguín for an opportunity to formally oppose the settlement between Paramount and 12 state attorneys general.
- California Attorney General Rob Bonta and 11 other states settled their antitrust lawsuit on Monday, securing commitments for theatrical film output and editorial boards to address competition concerns regarding the $110 billion merger with Warner Bros. Discovery.
- Critics, including the Freedom of the Press Foundation, characterized the agreement as "weak and unenforceable," arguing the proposed editorial boards are "worthless" and fail to protect independent journalism from corporate consolidation.
- During a virtual hearing Thursday, Judge Martínez-Olguín addressed outstanding questions regarding the consent decree's legal underpinnings and granted the coalition an opportunity to file briefs by 12:01 a.m. PT Friday.
- Opposition groups warn the merger could harm democracy and free press, while Paramount insists the deal is "presumptively valid," asserting that commitments preserve competition and provide necessary investment in domestic film production.
37 Articles
37 Articles
Detractors Tell Court Paramount Deal Fails To Fix Concerns
Civil rights and public interest groups have told a California federal court the settlement ending a challenge of Paramount Skydance's purchase of Warner Bros. Discovery fails to address the concerns state enforcers raised in the first place.
Judge Will Hear Block the Merger Coalition's Last Minute Opposition to the Paramount and Warner Bros. Deal
A group called the Block the Merger Coalition has filed an emergency request for a judge to hear arguments against the Paramount and Warner Bros. Discovery merger. The request came just before Judge Araceli Martínez-Olguín was set to address outstanding questions around the settlement between the company and the group of 12 states opposing the […]
Paramount & WB Deal Update Reveals One Big Hurdle That Merger Will Have to Overcome
Paramount and Warner Bros. Discovery’s merger is facing another legal challenge over the proposed settlement The post Paramount & WB Deal Update Reveals One Big Hurdle That Merger Will Have to Overcome appeared first on ComingSoon.net - Movie Trailers, TV & Streaming News, and More.
Hold Everything! Paramount Warner Bros. Merger Hits a Delay as Judge Grants Last-Ditch Effort from Block the Merger Coalition
A judge granted a last-minute amicus brief filed by the Block the Merger coalition to potentially delay the Paramount-Warner Bros. Discovery merger.
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