How Strong Is the Democratic State AGs’ Lawsuit Aiming to Block Paramount’s Warner Bros. Takeover?

Listen on 'Daily Variety' podcast to Columbia University's Eric Talley break down the power dynamics of the case and the concession negotiations that are likely to ensue

By Todd Spangler

Todd Spangler

NY Digital Editor

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A group of 12 Democratic state attorneys general is suing to block Paramount Skydance‘s merger with Warner Bros. Discovery — arguing the transaction violates antitrust law by giving the combined company undue power in three markets: wide-release theatrical distribution, tentpole movies and basic cable TV.

Paramount says the suit “distorts settled antitrust law” and that the company will “vigorously” fight the challenge. Late Monday, the states filed a motion seeking a temporary restraining order that would halt the proposed Paramount-WBD merger pending the outcome of their antitrust litigation. Separately, on Tuesday the WGA sued to block Paramount’s deal for Warner Bros., arguing it would reduce pay for writers and limit job opportunities.

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