PhD student in Economic History @Econhist_Ub. Business History, Antitrust & Film Industry. Also at @CNMC_ES Spanish National Markets and Competition Commission.
Once a merger is approved, challenging a consent decree violation becomes next to impossible.
Here's just a few past mergers — from Live Nation-Ticketmaster to Disney-Fox, and more — that left massive broken promises:
Breaking News: Paramount agreed to delay its merger with Warner Bros. Discovery while a judge considers a lawsuit aimed at blocking the deal. https://t.co/N3rKTOXhD6
Paramount Skydance has spent $2.86 million on lobbying so far this year, per disclosures filed with the House of Representatives. That lobbying included “issues related to federal film/TV production incentives,” among many other areas of interest https://t.co/c9pQGYICZA
A federal judge has extended the order blocking the Paramount-Warner Bros. merger by 14 days, meaning the deal cannot close before Aug. 18:
• Judge Araceli Martinez-Olguin will hold a hearing on Aug. 3 on whether to issue a preliminary injunction that could block the deal indefinitely
• Paramount requested the extension to give it more time to argue against the injunction
https://t.co/nCZOUk3hiI
From @WSJopinion: In pausing Paramount’s acquisition of Warner, a judge focuses on the Big Screen and ignores the bigger market picture
https://t.co/S7pfCOiRee
A coalition of 12 states filed an antitrust lawsuit to block the Paramount Skydance and Warner Bros. merger, despite the Department of Justice approving the deal last month.
The coalition, led by California Attorney General Rob Bonta, alleges that the $111 billion transaction violates the Clayton Act by lessening competition in three distinct markets: wide-release theatrical distribution, “top-grossing” theatrical distribution, and basic cable licensing.
https://t.co/98cQCEL07l
'Reeks of Corruption': Top DOJ Officials Reportedly Cleared Paramount-Warner Bros. Merger Before Staff Lawyers, Who Were 'Leaning' Toward Antitrust Lawsuit, ... https://t.co/IPxUTm883r
David Zaslav will receive $887M as compensation for the Paramount/Warner Bros merger.
Meanwhile, thousands of people are expected to lose their jobs in layoffs after the merger closes.
(Source: Deadline)
"Put up or shut up!" That's how Warner Bros. described their releases in 1931-32. The ethos, already well established by that point, has been with them ever since.
https://t.co/AlSsCFLLF2
@TomDohertyfilm
It's over. Netflix has declined to increase its offer for Warner Bros. Discovery after the David Zaslav-led media company’s board declared Paramount Skydance’s new bid a “superior proposal.”
https://t.co/cVDkzl2u4W
Netflix Officially Under DOJ Antitrust Scrutiny "To Create A Monopoly" With Warner Bros Merger; Feds Want Details From Producers & Filmmakers On Streamer's Leverage https://t.co/4TjRnAJwhI
The @directorsguild would “prefer not to see media consolidation” in the case of Warner Bros. being acquired by Netflix or Paramount, says executive director Russ Hollander.
“When you lose a buyer, that’s bad. When two companies combine, it almost always results in less employment.”
https://t.co/k6uNIHtG3P