Theaters Wage Capitol Hill Campaign to Block Paramount-Warner Merger
TL;DR
Cinema United says it will press Capitol Hill lawmakers, the DOJ, and state attorneys general to block Paramount’s bid to merge with Warner Bros. Discovery, warning that a Paramount–WBD merger could consolidate as much as 40% of domestic box office and reduce yearly film releases. The push follows Netflix’s retreat from its Warner bid, shifting scrutiny to Ellison’s pursuit of both studios, as regulators including California’s attorney general review the deal and exhibitors fear heightened market concentration and diminished competition in Hollywood.
- Movie Theaters to Keep Lobbying Against Warner Bros. Deal, Now Targeting Paramount The Hollywood Reporter
- Democratic lawmakers push back on Paramount’s potential takeover of Warner Bros. Discovery NBC News
- California now the biggest obstacle to Paramount's Warner Bros takeover Reuters
- Paramount's WBD takeover 'is not a done deal,' says California's attorney general Business Insider
- California Attorney General Plants Flag on Paramount-Warner Bros. Merger: “Not a Done Deal” The Hollywood Reporter
Want the full story? Read the original reporting
Read on The Hollywood Reporter