Paramount & WB Deal Update Reveals One Big Hurdle That Merger Will Have to Overcome
The coalition says the deal is weak and unenforceable as it would let Paramount avoid stronger limits on its $110 billion merger.
- On Thursday, the Block the Merger Coalition filed an emergency motion in federal court, asking District Judge Araceli Martinez-Olguin for an opportunity to oppose a settlement it described as "weak and unenforceable" between Paramount and 12 state attorneys general.
- The agreement, reached Monday to resolve an antitrust lawsuit, covers Paramount and Warner Bros. Discovery's $110 billion merger and includes commitments to release at least 30 films annually, establish editorial boards, and divest assets like Miramax if compliance fails.
- Coalition members argue the decree contains "serious questions" about whether it extinguishes potential claims and contend that provisions regarding cable negotiations "may be commercially unworkable" and a force majeure clause renders commitments "illusory."
- Judge Araceli Martinez-Olguin scheduled a Thursday hearing to address the settlement's factual and legal underpinnings, while the League of United Latin American Citizens filed a separate motion asking the court to "defer entry of the decree."
- Constitutional rights litigator Mara Verheyden-Hilliard of the Committee for the First Amendment stated the decree "fails to meaningfully address" merger harms, while Freedom of the Press Foundation advocacy chief Seth Stern argued the solution is to "keep the government out of the newsroom, period.
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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.
Judge Will Consider Paramount-Warner Bros. Settlement Today As ...
Block The Merger Coalition Asks Judge To Delay Paramount-WB Settlement
A coalition of groups opposed to Paramount-Warner Bros. Discovery merger is asking a federal judge to set a briefing schedule so they can formally object to a proposed settlement as too weak. State attorneys general announced a settlement of their antitrust lawsuit seeking to block the transaction, proposing a consent decree to address a myriad of concerns. U.S. District Judge Araceli Martinez-Olguin has set a hearing on the decree for Thursday…
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