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States Prepare Lawsuit to Block Paramount’s Merger With Warner Bros.
The New York Times • • business
Key Points:
- A coalition of states is preparing to file a lawsuit this week to block Paramount’s acquisition of Warner Bros. Discovery, challenging one of the largest media mergers in history.
- The $111 billion deal is argued to harm competition, particularly in the market for high-budget "tent pole" films that generate significant studio revenue.
- California is leading the legal challenge, with New York, Washington, and Connecticut also expected to join the lawsuit.
- The information comes from multiple anonymous sources familiar with the states’ plans, indicating a coordinated effort to oppose the merger.
