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Doj Approval

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States Move to Block Paramount-Skydance/Warner Bros. Merger Despite DOJ Blessing
business4 days ago

States Move to Block Paramount-Skydance/Warner Bros. Merger Despite DOJ Blessing

A coalition of 12 states filed an antitrust lawsuit to block the $111 billion Paramount Skydance–Warner Bros. merger, arguing it would lessen competition in three markets (wide-release theatrical distribution, top-grossing theatrical distribution, and basic cable licensing) and harm theaters and cable distributors, despite the DOJ’s recent approval. The states seek an injunction to block the deal, while Paramount argues the merger would bolster production and competition against Netflix, Amazon, and Disney. The action signals a more aggressive, state-led challenge to consolidation in entertainment.

via Variety|
#antitrust#business#doj-approval
State AGs Expand Paramount-WBD Merger Fight Beyond Antitrust
business1 month ago

State AGs Expand Paramount-WBD Merger Fight Beyond Antitrust

Even after the DOJ approved Paramount’s $111 billion merger with Warner Bros. Discovery, California’s Rob Bonta and a coalition of state AGs are preparing to challenge the deal or scrutinize it more closely, signaling a broader battle that weighs political optics, potential Hollywood job impacts, and regulatory timing (including UK reviews and ticking-fee deadlines) alongside competition concerns. The story also highlights the election-year context in California and New York politics and notes Paramount’s pushback framing the merger as pro-competitive while opponents argue it could upend the industry and local economies.

via Deadline|
#antitrust#business#doj-approval
DOJ approves Paramount-Skydance bid to acquire Warner Bros Discovery
business1 month ago

DOJ approves Paramount-Skydance bid to acquire Warner Bros Discovery

The U.S. Department of Justice approved Paramount Skydance's $110 billion bid to buy Warner Bros. Discovery after an eight-month review, saying the merger would boost competition across streaming, TV, and content production and would bring CBS News and CNN under a single umbrella; regulators in Britain, Europe, and several U.S. states keep scrutinizing the deal, leaving potential challenges ahead.

via The Washington Post|
#antitrust#business#cnn