Judge Pauses Paramount-Warner Bros. Merger—What Does This Mean For The $110B Deal?
The union says the combined company would control 35% of the market for writing services and reduce competition for writers.
- The WGA filed a motion in Oakland federal court Wednesday, arguing the Paramount-WBD Transaction 'is presumptively illegal in the market for writing services for anticipated top grossing films.'
- District Judge Araceli Mart granted AGs a temporary restraining order on Monday, pausing the Transaction for 14 days while the WGA seeks to align its case with the States Litigation.
- WGA lawyers argue the combined company would control 35% of the market for writing services. They wrote that the 'balance of equities' favors an injunction to preserve competition.
- The court set an Aug 3 hearing for the injunction motion, while Paramount-WBD faces a $7 million daily fee after Sept 30 if the Transaction remains unclosed.
- Without schedule alignment, WGA lawyers noted they 'would be forced' to seek their own temporary restraining order. Paramount's attorneys 'could not secure their clients' consent' to the expedited schedule.
14 Articles
14 Articles
The merger isn't killing Hollywood. Hollywood already did that
According to the 12 Democratic state attorneys general who sued this week to block Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery, the theatrical movie business is “a big business, and it is thriving.” That premise carries the states’ theory of harm, and it does not survive contact with the box office: ticket sales are half what they were a generation ago. The companies call the states’ case “one of the weakest merger ch…
WGA Seeks Preliminary Injunction To Halt Paramount-WBD Merger
The Writers Guild of America is seeking a preliminary injunction to at least temporarily halt Paramount’s proposed merger with Warner Bros. Discovery, hoping to align the timing of its case with that of a dozen state attorneys general. In a motion filed early Wednesday in federal court in Oakland, the WGA’s legal team argued that […]
A U.S. federal judge blocked the planned billions takeover of Warner Bros. by Paramount for the time being. Twelve U.S. states had sued massively.
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