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.
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.Open
The lawsuit, filed by California and 11 other states, argues that the deal would harm movie theaters and damage America’s entertainment industry.
Friends and advisers of Paramount CEO David Ellison have been pushing him to consider shifting business elsewhere
State of the Union: Bari Weiss, the editor-in-chief of CBS News, will likely oversee editorial decisions at CNN as well, reports say. The post DOJ Approves Paramount-Warner Bros. Merger appeared first on The American Conservative .
The Department of Justice said Friday that it had signed off on Paramount’s $111 billion bid to acquire Warner Bros. Discovery. The merger, expected to be completed by September, will join Paramount+ and CBS with HBO Max and CNN, under the leadership of Paramount Skydance CEO David Ellison, the son of Oracle co-founder and billionaire Larry Ellison. The deal will create the largest theatrical distributor in the United States. Anonymous sources familiar with the deal told POLITICO that the DOJ concluded the deal wouldn’t harm market competition. Unlike past mergers such as Comcast’s 2011 takeover of NBCUniversal, this one comes with no reported strings attached, as the government did not impose any divestitures,…Open
The two companies signed the paperwork for the deal in February, which will see Paramount acquire Warner Bros., but it still needs final approval from the Trump administration before it can go through.
The Department of Justice said it determined that Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery is not likely to harm competition.
Hollywood has been working to scrap Paramount Skydance's potential merger with Warner Bros. Discovery.
Warner Bros. Discovery shareholders on Thursday voted "overwhelmingly" in favor of the merger with Paramount Skydance, clearing a critical hurdle. - Yes, but: Shareholders did not approve the executive compensation package presented at the meeting. Why it matters: The executive compensation package would have seen CEO David Zaslav earning at least $500 million. Zoom in: More than 1.4 billion votes were cast against the compensation proposal, versus the 307.7 million in favor. Each share of WBD common stock is entitled to one vote. - The compensation proposal was an advisory, non-binding vote and not a condition for completion of the deal. - The executives could still earn the payments outlined in the package if the deal closes,…
Warner Bros. Discovery shareholders on Thursday voted "overwhelmingly" in favor of the merger with Paramount Skydance, clearing a critical hurdle. - Yes, but: Shareholders did not approve the executive compensation package presented at the meeting. Why it matters: The executive compensation package would have seen CEO David Zaslav earning at least $500 million. Zoom in: More than 1.4 billion votes were cast against the compensation proposal, versus the 307.7 million in favor. Each share of WBD common stock is entitled to one vote. - The compensation proposal was an advisory, non-binding vote and not a condition for completion of the deal. - The executives could still earn the payments outlined in the package if the deal closes,…Open
The Warner Bros. Discovery board just voted to sell its entire company to Paramount Skydance, ending a monthslong battle with Netflix. Netflix withdrew its bid in February after declining to raise its offer to match Paramount. Warner Bros. Discovery includes CNN, HBO Max, etc. The approval paves the way for a new mega-company that would provide one of the biggest sources of live sports, entertainment and news. Is this final?: Well, the multi-billion-dollar deal will first need to win approval from President Trump’s Department of Justice. And there are some potential regulatory challenges. Keep in mind that Paramount is owned by Larry and David Ellison, who are allies of President Trump. Timing: Warner Bros. Discovery expects the deal to…
Paramount CEO David Ellison must now make his case to regulators and a wary Hollywood that the merger is good for the industry.
Paramount CEO David Ellison must now make his case to regulators and a wary Hollywood that the merger is good for the industry.Open