A coalition of 12 U. S. states has launched an antitrust challenge against the proposed $110 billion merger between Paramount Skydance and Warner Bros.
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Analysts say Netflix is losing control of its own story, and a single line buried in Friday's earnings report about future disclosures is making Wall Street more nervous than the guidance miss itself.
A coalition of 12 state attorneys general, led by California, has filed an antitrust lawsuit to block the proposed Paramount, Skydance, and Warner Bros. Discovery (NasdaqGS:WBD) merger valued at about US$110b. The states have also submitted emergency motions seeking a temporary restraining order, prompting immediate court hearings and a likely pause to the transaction. The filings allege threats to competition and consumer harm, as well as concerns about market concentration and special...
The states seek an injunction that could delay the acquisition for months as a federal court weighs their antitrust challenge.
New lawsuit joins states' challenge, raising uncertainty around the proposed media merger's closing timeline.
A 12-state antitrust lawsuit threatens to delay Paramount Skydance's $110 billion merger with Warner Bros. Discovery, exposing both companies' weak balance sheets to costly penalty deadlines.
The primary reason for the 12-state lawsuit is that a Paramount-WBD combination would curb entertainment content and distribution, putting the TV/movie marketplace into fewer hands. What's the fallout?
Paramount’s merger with Warner Bros. faces antitrust lawsuits, putting $30B in investment and 100M SF in limbo.
The Writers Guild of America became the latest group to challenge Paramount's $81 billion acquisition of Warner Bros. Discovery on Tuesday, filing a lawsuit that seeks to block the merger on the grounds it would cause “specific harm” to movie and TV writers working across the U.S. A Paramount-Warner merger “threatens the economic and creative health of the American entertainment industry,” reads Tuesday's federal complaint, which was filed by both the Writers Guild of America West and Writers Guild of America East (jointly the WGA). “This proposed combined entity would be the largest employer of writers, with tremendous power to suppress our wages, eliminate opportunities for emerging writers, cut jobs across the industry, and produce less programming," WGAE President Tom Fontana said in a statement.
Move by Writers Guild of America comes a day after 12 Democratic-led states sued to stop the merger on antitrust grounds.
(Updates with Paramount's comments in the third and fourth paragraphs.) Paramount Skydance's (PSK
The antitrust lawsuit could delay the merger after federal approval and before Europe's July 22 decision.
"If Paramount succeeds in buying Warner Bros., the merged firm will be the largest buyer of original film and television programming in the United States, eliminating vigorous competition from a major film and television studio that has operated for more than a century," Writers Guild of America alleged in a lawsuit filed Tuesday.
This deal could seriously harm movie theatres.
A merger between Paramount Skydance (NASDAQ:PSKY) and Warner Bros. Discovery (NASDAQ:WBD) is facing new hurdles. In the backdrop of new worries of the merger being approved, Warner Bros. Discovery CEO David Zaslav is cashing out shares. David Zaslav Sells WBD Shares Zaslav is selling shares of the company he leads for the second time this year, cashing in ahead of the highly anticipated merger of two media companies. Zaslav sold 2.18 million shares for $59.47 million, according to a report from
A consortium of 12 states led by California sued to block Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery.
Carr expressed his views on the Paramount-Warner Bros. Discovery merger, antitrust concerns and Disney’s DEI-related investigations.
Jul. 13—OLYMPIA — Washington State Attorney General Nick Brown said Monday that a proposed $110 billion acquisition of Warner Bros. by Paramount would "raise prices, reduce consumer choice, and cost many Americans their jobs" as he announced a lawsuit to block the deal. Brown joined 11 other state attorneys general who allege the proposed merger would reduce competition for licensing basic ...
Led by California, the states argue the deal is anticompetitive, would harm theaters and lead to price increases for TV bundles.
California and 11 other states have filed an antitrust lawsuit seeking to block Paramount Skydance's planned merger with Warner Bros. Discovery. The coalition of state attorneys general argues the deal could reduce competition and harm theaters, television distributors, and audiences. The legal action introduces a new hurdle for NasdaqGS:PSKY in addition to prior regulatory reviews at the federal level. Paramount Skydance, traded as NasdaqGS:PSKY, sits at the center of a consolidating media...
Twelve US states have sued to block Paramount from acquiring Warner Bros. Discovery in a $110bn deal. The states argued cinemas and moviegoers could face higher prices if the merger goes ahead, as Paramount and Warner Bros. currently compete for the best release dates and screens at thousands of cinemas across the US. The lawsuit represents a significant obstacle for the deal, which is seen as one of the biggest media mergers in history.
The merger "would extinguish competition between Paramount and Warner Bros. and inflict substantial harm on movie theatres, basic cable distributors, and, ultimately, audiences nationwide," 12 state attorneys general allege in a complaint filed Monday.
Paramount Skydance's (PSKY) proposed acquisition of fellow media and entertainment giant Warner Bros

<body><p>STORY: :: California and 11 states are suing to block Paramount's $110 billion acquisition of Warner Bros</p><p>:: Los Angeles, California / July 13, 2026</p><p>:: Rob Bonta, California Attorney General</p><p>"We're here, I'm here to announce a lawsuit that I filed, and that a coalition of 12 states have filed challenging the proposed merger of Paramount, Skydance and Warner Brothers Discovery and asking the court to block the merger from moving forward." // "This $110 billion proposed merger, the largest merger in Hollywood history, would extinguish competition. It would result in higher prices, lower content quality and fewer movies and TV shows." // As our complaint makes clear, this deal is illegal under the Clayton Act. That is a law that has been on the books for over 100 years. It prevents mergers that may substantially lessen competition or tend to create a monopoly."</p><p>The lawsuit is a serious threat to Paramount CEO David Ellison's bid to transform his company into a major competitor to Netflix and Disney.</p><p>If allowed to move forward with the deal, Paramount would control 27% of the distribution market for films that appear on screens across America, 30% of blockbuster film distribution and 27% of the market for basic cable channels, the states said.</p><p>It will likely take months for a ruling on the states' claims, causing a delay that could rack up hundreds of millions of dollars in costs for Paramount.</p><p>The deal has led to an outcry from actors, writers, and others fearing it will hurt jobs. Theater owners also opposed the deal, worrying the combination of the Warner Bros movie studio with Paramount Pictures would result in fewer films.</p><p>Paramount said the lawsuit distorts settled antitrust law and is based on a misrepresentation of competition in the entertainment industry.</p></body>
California Attorney General Rob Bonta is leading a coalition of 12 attorneys general in filing a lawsuit challenging the acquisition of Warner Bros. by Paramount.
(Updates with Paramount Skydance's statement in the fourth and fifth paragraphs.) Paramount Skyda
By Jody Godoy and Dawn Chmielewski NEW YORK/LOS ANGELES, July 13 (Reuters) - California and 11 states sued to block Paramount's $110 billion acquisition of Warner Bros.
Investing.com -- California Attorney General Rob Bonta on Monday led a coalition of 12 state attorneys general in filing a lawsuit to block Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, arguing the deal would unlawfully reduce competition across the U.S. film and television industry.
A coalition of a dozen states alleged the Hollywood merger would boost prices for consumers and lower quality for film and television.