Paramount Reveals Company Will Be 49.5% Owned By Foreign Investors If Warner Bros Merger Approved

Paramount Reveals Company Will Be 49.5% Owned By Foreign Investors If Warner Bros Merger Approved

FCC boss Brendan Carr has spent much of the last five years on cable TV whining incessantly about foreign entanglement with U.S. companies. Even companies he doesn't regulate. He was positively apoplectic about China's ownership of TikTok, which you may recall they "fixed" by offloading the social media company to Trump's billionaire friends (while curiously…

Consumers Sue To Block Paramount-WB Deal

A small handful of consumers have filed a lawsuit against Paramount Skydance seeking to block its acquisition of Warner Bros. Discovery. The lawsuit, filed Thursday in U.S. District Court in the Northern District of California, alleges the Paramount-Warner deal will lead to increased prices, fewer consumer choices and reduce production of film and TV (ie. less marketplace competition). The suit also alleges the merger, finalised last year, has l…

Consumers Sue To Block Paramount Merger With Warner Bros

“The lawsuit … alleges the Paramount-Warner deal will lead to increased prices, fewer consumer choices and reduce production of film and TV since a major rival in the entertainment business will be eliminated.” – Los Angeles Times (MSN) The post Consumers Sue To Block Paramount Merger With Warner Bros appeared first on ArtsJournal.

The Paramount-Warner Bros. merger faces opposition

LOS ANGELES: Paramount Skydance’s master plan to take over Warner Bros Discovery cleared a major hurdle after recently receiving shareholder approval, but the proposed merger is now facing a wave of opposition, Xinhua reported. The merger was opposed by a coalition of Hollywood industry figures, labor unions, press freedom advocacy groups and Democratic lawmakers who argued the deal raised antitrust issues that could accelerate the concentration…