California AG Rob Bonta leads a push to block a potential merger between Paramount and Warner Bros. Discovery. Charlie Gasparino analyzes the regulatory battle, while actor Mark Ruffalo urges officials to stop the deal.
Bonta called the challenge to the “unlawful Warner Bros./Paramount merger” a clean-cut antitrust challenge through and through.
A dozen states and the Writers Guild of America had challenged the merger.
The company agreed to a proposed freeze until June 2027, unless a judge issues a ruling before then on a lawsuit blocking the deal.
The state of California filed a lawsuit Monday to block the Paramount-Warner Bros. Discovery merger. The day before, a news report alleged CEO David Ellison was considering leaving California should state regulators attempt to halt the $110 billion deal. NewsNation's Nancy Loo reports. #Paramount #California #WarnerBros
California is among the states suing to block Paramount from buying Warner Bros. Discovery in a Hollywood mega-merger that would unite some of the nation's largest movie studios and TV newsrooms.
The lawsuit, filed by California and 11 other states, argues that the deal would harm movie theaters and damage America’s entertainment industry.
After the Justice Department reached a settlement with the concert giant, the judge overseeing the trial asked the states and the company to do the same.
Paramount's merger with Warner Bros would unite two major Hollywood studios, two streaming platforms and two news operations.
For months, the assumption in both political and media circles was that the Netflix-Warner Bros-Paramount throuple’s argument would end in a bidding war. Paramount made an offer for Warner Bros. Netflix retained the contractual right to match. Paramount nudged its bid up by another dollar per share this week. Netflix had every legal right — […] The post KASSAM: Why Netflix Turned Tail and Abandoned Its Warner Bros Bid. appeared first on The National Pulse .
For months, the assumption in both political and media circles was that the Netflix-Warner Bros-Paramount throuple’s argument would end in a bidding war. Paramount made an offer for Warner Bros. Netflix retained the contractual right to match. Paramount nudged its bid up by another dollar per share this week. Netflix had every legal right — and more than enough cash — to respond. But in the end, Netflix backed down, in a victory for antitrust policy that will be studied and cited for years, perhaps decades, to come. Netflix has held more than $9 billion in cash for three consecutive years, so none of its retreat was about balance sheet capacity. Indeed, it was about a regulatory reality set in place by figures like the recently…Open