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Last week, politicians decided they could not let Hollywood slip away. First, California Gov. Gavin Newsom pushed for a resolution of the Paramount antitrust case out of fear that the studio would leave the state. And in Congress, Republicans and Democrats joined to introduce a U.S. film incentive, recognizing they are at risk of losing […]
When Rob Bonta sued to block the Paramount-Warner Bros. merger in July, he said he was doing so because the Trump administration had failed to act for political reasons. “They are greenlighting deals that their own antitrust section at U.S. DOJ knows and believes are unlawful, and they’re overriding them in the White House with […]
Rob Bonta defended the antitrust settlement that allows Paramount to merge with Warner Bros. on Monday, saying in a 45-minute press conference that the deal includes independent monitoring and will result in more jobs in Hollywood. But the deal does not include the three words — robust structural remedies — that California’s attorney general had […]
Paramount has reached a deal with 12 state attorneys general that removes a major obstacle to closing its acquisition of Warner Bros. Discovery. The deal comes just before the company was to begin accruing a $7 million daily “ticking fee” on Oct. 1, which was seen as an important milestone in the case. Bloomberg was […]
Paramount Skydance is moving closer to the finish line of its yearlong pursuit of Warner Bros. Discovery as the company’s weekend settlement negotiations with the state attorneys general reach a critical stage. Meanwhile, opponents of the merger are rallying to protest what it warns is shaping up to be a “cave” by the 12-state coalition […]
Mark Ruffalo is encouraging California attorney general Rob Bonta and his coalition of 11 other state AGs not to settle their lawsuit against Paramount Skydance and keep David Ellison from acquiring Warner Bros. Discovery. “Don’t you dare, [Rob Bonta], do not cave,” Ruffalo wrote on X. “5,670 filmmakers put their necks on the line for […]
Democratic Sen. Elizabeth Warren of Massachusetts on Saturday morning issued a warning that President Donald Trump’s recent banning of CNN from the White House is a sign of things to come if Paramount Skydance settles with the states and is allowed to merge with Warner Bros. “As Trump tries to ban CNN from the White […]
David Ellison’s Paramount Skydance is in “advanced talks” with California Attorney General Rob Bonta to settle the 12-state antitrust suit that’s holding up its takeover of Warner Bros. Discovery, the Wall Street Journal reported Friday, citing anonymous sources. A Paramount spokesperson declined to comment. A rep for Bonta’s office said, “Potential settlement talks are confidential. […]
