Paramount Braces for Multi-State Antitrust Fight Over Warner Bros. Discovery Deal
TL;DR
Paramount’s $111 billion takeover of Warner Bros. Discovery faces potential lawsuits from California and other state attorneys general who may block the deal; Paramount has hired top antitrust lawyer Jeffrey Kessler to lead its defense, as concerns about jobs, competition and media consolidation mount in a politically charged environment tied to Ellison’s ties to Trump; the company is pursuing regulatory approvals from the DOJ and Europe and aims to close by September, following a period of heightened antitrust scrutiny in Hollywood.
Topics:entertainmentbusiness#antitrust#business#california#merger-regulation#paramount#warnerbrosdiscovery
- Paramount, pushing to buy Warner Bros., girds for legal challenges Los Angeles Times
- Exclusive / Paramount appears to sway DOJ staff on Warner Bros. takeover Semafor
- Paramount Assembles Legal Team to Defend Warner Bros. Deal The Hollywood Reporter
- Warner Bros. falls after report Paramount hiring lawyer for possible court battle Seeking Alpha
- Incipient Monopolization in Digital Streaming: Judicial Oversight of Contemporary Entertainment Consolidation Columbia Undergraduate Law Review
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