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Paramount-WBD Combo Is "Not A Merger That Serves The Public," NYC Mayor Zohran Mamdani Says
Deadline • • general
Key Points:
- New York City Mayor Zohran Mamdani supports New York Attorney General Letitia James and 11 other state attorneys general in suing to block the $110 billion Paramount-Warner Bros. Discovery merger, citing concerns over reduced competition and harm to workers.
- Mamdani argues the merger would give one company control over nearly a third of movies and cable channels, raise streaming and cable prices, threaten jobs for New York artists and entertainment workers, and risk theater closures.
- Paramount opposes the lawsuit, claiming it would cause delays detrimental to entertainment workers and benefit dominant tech companies instead.
- Attorney General James emphasizes that the merger would eliminate longstanding competition between Paramount and Warner Bros., potentially raising consumer costs and jeopardizing jobs and businesses nationwide.
- Mamdani’s connection to the entertainment industry includes his mother, Oscar-nominated director Mira Nair, and his own past involvement in music and film.
