Paramount & WB Deal Update Reveals One Big Hurdle That Merger Will Have to Overcome
The coalition says the consent decree is too weak and could leave workers, journalists and consumers exposed to harms from the merger.
- On Thursday, the Block the Merger coalition filed an emergency motion in California federal court, asking Judge Araceli Martinez-Olguin for an opportunity to oppose the settlement between Paramount and 12 state attorneys general.
- Paramount reached a settlement on Monday with state attorneys general to resolve an antitrust lawsuit, committing to release at least 30 films annually and establishing independent editorial boards for CBS and CNN operations.
- Opponents characterized the consent decree as "weak and unenforceable," arguing it fails to mitigate merger harms and poses a "First Amendment nightmare" by allowing corporate control over CBS and CNN newsrooms.
- Judge Martinez-Olguin set a hearing for Thursday at 11 a.m. PST to address "certain outstanding questions" regarding the settlement's legal underpinnings, with opponents seeking to defer the decree's entry.
- The transaction faces an October deadline, after which Paramount risks paying Warner Bros. Discovery $7 million per day if the merger fails to close, adding urgency to the legal dispute.
27 Articles
27 Articles
Judge Will Hear Block the Merger Coalition's Last Minute Opposition to the Paramount and Warner Bros. Deal
A group called the Block the Merger Coalition has filed an emergency request for a judge to hear arguments against the Paramount and Warner Bros. Discovery merger. The request came just before Judge Araceli Martínez-Olguín was set to address outstanding questions around the settlement between the company and the group of 12 states opposing the […]
Paramount & WB Deal Update Reveals One Big Hurdle That Merger Will Have to Overcome
Paramount and Warner Bros. Discovery’s merger is facing another legal challenge over the proposed settlement The post Paramount & WB Deal Update Reveals One Big Hurdle That Merger Will Have to Overcome appeared first on ComingSoon.net - Movie Trailers, TV & Streaming News, and More.
Hold Everything! Paramount Warner Bros. Merger Hits a Delay as Judge Grants Last-Ditch Effort from Block the Merger Coalition
A judge granted a last-minute amicus brief filed by the Block the Merger coalition to potentially delay the Paramount-Warner Bros. Discovery merger.
Judge Will Consider Paramount-Warner Bros. Settlement Today As ...
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