Longshot Bid to Block Paramount-Warner Bros. Discovery Merger Filed to Supreme Court - The Hollywood Reporter
Paramount subscribers have filed an emergency appeal to the Supreme Court to block the $110 billion merger between Paramount and Warner Bros. Discovery. The plaintiffs argue the deal violates antitrust laws and fails to preserve market competition.
Why it matters
This merger represents a massive consolidation in the media industry, and the legal challenge highlights ongoing concerns regarding corporate monopolies in news and entertainment.
Logo text An emergency bid has been filed challenging Paramount 's $110 billion megadeal for Warner Bros. Discovery, the closing legal salvo over a merger that will reshape Hollywood.
Paramount subscribers, in a court document filed on Monday, ask Justice Elena Kagan to issue an order that would stop Paramount from closing the deal until their case is considered. The merger goes through on Tuesday.
Last week, U.S. District Judge Araceli Martinez-Olguin signed off on a settlement agreed to by Paramount, the states and the Writers Guild of America resolving the case. She also declined to issue a last-minute temporary restraining order requested by Paramount subscribers. In the first lawsuit challenging the deal, they had alleged that the acquisition will substantially throttle competition in streaming, news and theatrical distribution in violation of antitrust laws.
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