HUFFPOST - California, 11 States Suing To Block Paramount's $110 Billion Warner Bros. Deal
The lawsuit is a serious threat to Paramount CEO David Ellison's bid to transform his company into a major competitor to Netflix and Disney.
REDSTATE (Brad Slager) - Hollywood Is Having An Inflection Moment As Established Properties Are Getting Hammered by the Upstarts
REDSTATE (Becca Lower) - DOJ Gives Its Blessing to Paramount Purchasing Warner Bros. - but California AG Bonta Just Won't Let Go
NPR (David Folkenflik) - Justice Dept. approves Paramount's acquisition of Warner Bros. Discovery
The decision paves the way for a proposed $110 billion merger uniting two rival studio giants — Paramount, owner of CBS, and the much larger Warner, which includes HBO and CNN.
ABCNEWS - Warner Bros. Discovery shareholders approve Paramount takeover
The move marks a major step toward the $111 billion media merger.
NYTIMES (Nicole Sperling) - Ellison Pledges at Least 30 Paramount-Warner Movies a Year
His remarks at a movie theater convention were part of a campaign to win Hollywood support for his bid to buy Warner Bros. Discovery.
NYTIMES (Benjamin Mullin) - Hollywood Heavyweights Sign Letter Opposing Paramount’s Deal for Warner Bros.
The letter warns that the deal will result in fewer jobs for creatives, along with higher costs and less choice for audiences.
DAILYCALLER (Ryan Meilstrup) - What Netflix Has Been Up To Since Losing Bid For Warner Bros. Discovery
'We've always been disciplined'
AXIOS (Sara Fischer) - Scoop: The White House meeting that never was
Netflix co-CEO Ted Sarandos never met with President Trump or any White House officials last week when he visited Washington, according to sources familiar with the engagement. - Sarandos was informed shortly after arriving at the White House that his meeting was canceled because of a last-minute scheduling conflict, and then he promptly left the building. Why it matters: Media onlookers were quick to speculate that Sarandos' meeting at the White House on Thursday prompted Netflix to drop out of the bidding war for Warner Bros. Discovery. - But Netflix had already determined at that point that it wouldn't up its bid, Sarandos told Bloomberg. - Trump talked to Sarandos on the phone later that evening after Netflix had already announced…
NYTIMES (David McCabe) - Paramount Won Over Warner Bros. Now for the Regulators.
Global officials are expected to closely examine the $111 billion deal, which ties together two entertainment powerhouses, over potential competition issues.