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Paramount Warner Merger

All articles tagged with #paramount warner merger

entertainment1 month ago•22 min saved

CinemaCon Spotlight: Bruckheimer & Thomas Deflect Merger Letter Questions

At CinemaCon, producers Jerry Bruckheimer and Emma Thomas explained they haven’t signed the open letter opposing Paramount-Warner Bros. Discovery’s merger, saying they weren’t asked and that the deal is already moving forward; Bruckheimer argued the merger could still spur movie production, while Thomas cautioned against disruption and questioned consolidation’s logic as the letter gains thousands of signatures; the $110 billion deal awaits regulatory review and a late-2026 close, with California officials scrutinizing actions.

via Deadline|

#cinemacon #emma-thomas #entertainment

business1 month ago•4 min saved

Cameron Backs Paramount-WBD Merger Amid Industry Backlash

James Cameron says he supports Paramount's planned $111 billion merger with Warner Bros. Discovery and believes David Ellison is the right leader to run a multi-studio powerhouse, even as a large sector of the industry campaigns to block the deal. Cameron has a history with Ellison and previously criticized Netflix’s theatrical approach; meanwhile, an open letter from the Democracy Defenders Fund with over 2,000 signatories urges regulators to scrutinize and potentially block the transaction.

via TheWrap|

#block-the-merger #business #ellison

business2 months ago•17 min saved

Teamsters Urge DOJ to Block Paramount-Warner Merger Without Worker Protections

International Brotherhood of Teamsters leaders asked the DOJ’s Antitrust Division to halt Paramount’s $111 billion merger with Warner Bros. unless enforceable protections for domestic production and labor standards are secured. Teamsters general president Sean O’Brien and motion picture chief Lindsay Dougherty argued consolidation risks jobs and local production, echoing concerns raised by the Writers Guild as the deal faces opposition from unions even as Paramount downplays likely layoffs.

via The Hollywood Reporter|

#business #doj-antitrust #entertainment-industry

business3 months ago•21 min saved

Delrahim Faces Countdown to Close Paramount-Warner Megamerger

Paramount’s $111 billion bid for Warner Bros. faces a regulatory gauntlet headed by DOJ antitrust chief Makan Delrahim, with California AG Rob Bonta and other state regulators weighing in, plus foreign approvals. A potential mix of antitrust, labor/monopsony, and horizontal-competition concerns could delay or block closing, paving the way for court action in California and possible concessions from Paramount as it carries heavy debt and pursues a high-volume movie slate.

via The Hollywood Reporter|

#antitrust #bonta #business