Paramount Skydance’s proposed acquisition of Warner Bros. Discovery has hit a roadblock after a judge temporarily halted the deal in response to a lawsuit filed by a coalition of 12 state attorneys general who argue the merger would harm competition. U.S. District Judge Araceli Martínez-Olguín issued a 14-day pause Monday after hearing arguments from both
Paramount agreed to a request from 12 states to tie its federal antitrust case to a pre-existing lawsuit filed by Paramount+ subscribers. The move means the states’ challenge to the $111 billion merger with Warner Bros. Discovery will likely end up before Judge Araceli Martínez-Olguín, a Biden appointee who is already overseeing the earlier lawsuit.
California Attorney General Rob Bonta says it’s not his job to protect Hollywood giants from the rise of Netflix and other streaming insurgents. This week, Bonta and 11 other attorneys general sued Paramount Skydance to stop its deal to buy Warner Bros. Discovery. Paramount says it needs the agreement to compete with the technology giants
A coalition of 12 state attorneys general is suing to block the merger of Paramount Skydance and Warner Bros. Discovery (WBD), alleging the deal would harm movie theaters, basic cable distributors and audiences. The coalition, led by California Attorney General Rob Bonta, maintains that the acquisition violates the Clayton Act, which prohibits mergers that could
Paramount Skydance CEO David Ellison has been quietly backing a bill to launch a federal tax incentive for film, with support from lawmakers on both sides of the aisle, multiple sources said. Variety. Ellison has spent at least six months in exploratory meetings for the proposed legislation, two sources added, and on Monday night he
On today’s episode of “Daily Variety” podcast, Variety’s Michael Schneider examines the questions swirling around HBO as the storied brand braces for Paramount’s takeover of Warner Bros. Discovery. Casey Bloys and Co. are waiting on word of how the premium TV pioneer will operate under Paramount Skydance, if the $110 billion acquisition is completed. (Pictured:
